2024 Q2 Form 10-Q Financial Statement

#000095017024052066 Filed on May 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $9.699M $24.62M $7.928M
YoY Change 27.52% 210.52% 5.05%
% of Gross Profit
Research & Development $62.26M $44.54M $37.54M
YoY Change 5.3% 18.66% 32.94%
% of Gross Profit
Depreciation & Amortization $400.0K $400.0K $400.0K
YoY Change 0.0% 0.0% 0.0%
% of Gross Profit
Operating Expenses $71.96M $69.16M $45.46M
YoY Change 7.83% 52.11% 27.05%
Operating Profit -$71.96M -$69.16M -$45.46M
YoY Change 7.83% 52.11% 27.05%
Interest Expense $7.052M $3.002M $1.493M
YoY Change 219.53% 101.07% 549.13%
% of Operating Profit
Other Income/Expense, Net $6.860M $3.508M $1.277M
YoY Change 274.05% 174.71% 538.5%
Pretax Income -$65.10M -$65.65M -$44.19M
YoY Change 0.31% 48.57% 24.18%
Income Tax
% Of Pretax Income
Net Earnings -$65.10M -$65.65M -$44.19M
YoY Change 0.31% 48.57% 24.18%
Net Earnings / Revenue
Basic Earnings Per Share -$0.70 -$0.81 -$0.78
Diluted Earnings Per Share -$0.70 -$0.81 -$0.78
COMMON SHARES
Basic Shares Outstanding 87.38M 81.96M 56.34M
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $778.8M $453.5M $238.2M
YoY Change 274.92% 90.4% -26.28%
Cash & Equivalents $608.2M $272.0M $181.1M
Short-Term Investments $170.6M $181.5M $57.10M
Other Short-Term Assets $13.48M $34.59M $11.00M
YoY Change 147.83% 214.41% -48.34%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $792.3M $488.1M $249.2M
YoY Change 271.68% 95.87% -27.65%
LONG-TERM ASSETS
Property, Plant & Equipment $5.022M $4.578M $5.569M
YoY Change -6.29% -17.79% -0.89%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.927M $1.920M $2.321M
YoY Change -17.05% -17.28% 0.35%
Total Long-Term Assets $33.56M $34.14M $39.43M
YoY Change -12.25% -13.42% -8.97%
TOTAL ASSETS
Total Short-Term Assets $792.3M $488.1M $249.2M
Total Long-Term Assets $33.56M $34.14M $39.43M
Total Assets $825.9M $522.3M $288.6M
YoY Change 228.49% 80.94% -25.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.889M $7.214M $8.770M
YoY Change -30.65% -17.74% 69.04%
Accrued Expenses $27.86M $15.15M $12.82M
YoY Change 59.25% 18.19% -28.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $29.75M $22.36M $21.59M
YoY Change 47.14% 3.59% -7.1%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $20.94M $21.86M $25.12M
YoY Change -13.92% -12.97% -10.5%
Total Long-Term Liabilities $20.94M $21.86M $25.12M
YoY Change -13.92% -12.97% -10.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $29.75M $22.36M $21.59M
Total Long-Term Liabilities $20.94M $21.86M $25.12M
Total Liabilities $50.69M $44.22M $46.71M
YoY Change 13.8% -5.32% -8.96%
SHAREHOLDERS EQUITY
Retained Earnings -$763.3M -$698.2M -$440.8M
YoY Change 50.94% 58.4% 66.92%
Common Stock $10.00K $9.000K $6.000K
YoY Change 66.67% 50.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $775.2M $478.1M $241.9M
YoY Change
Total Liabilities & Shareholders Equity $825.9M $522.3M $288.6M
YoY Change 228.49% 80.94% -25.56%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income -$65.10M -$65.65M -$44.19M
YoY Change 0.31% 48.57% 24.18%
Depreciation, Depletion And Amortization $400.0K $400.0K $400.0K
YoY Change 0.0% 0.0% 0.0%
Cash From Operating Activities -$54.87M -$78.54M -$46.91M
YoY Change -1.39% 67.43% -7.55%
INVESTING ACTIVITIES
Capital Expenditures $857.0K $191.0K $230.0K
YoY Change 242.8% -16.96% -83.58%
Acquisitions
YoY Change
Other Investing Activities $12.03M -$179.6M $27.29M
YoY Change -31.18% -758.24% -3813.2%
Cash From Investing Activities $11.17M -$179.8M $27.06M
YoY Change -35.16% -764.54% -1366.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 379.9M 408.4M 28.82M
YoY Change 1425.18% 1317.28% 159983.33%
NET CHANGE
Cash From Operating Activities -54.87M -78.54M -46.91M
Cash From Investing Activities 11.17M -179.8M 27.06M
Cash From Financing Activities 379.9M 408.4M 28.82M
Net Change In Cash 336.2M 150.0M 8.969M
YoY Change -2589.4% 1572.58% -116.97%
FREE CASH FLOW
Cash From Operating Activities -$54.87M -$78.54M -$46.91M
Capital Expenditures $857.0K $191.0K $230.0K
Free Cash Flow -$55.72M -$78.73M -$47.14M
YoY Change -0.3% 67.02% -9.59%

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