2023 Q3 Form 10-Q Financial Statement

#000133349323000113 Filed on August 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $64.72M $66.77M
YoY Change 21.25% 32.45%
Cost Of Revenue $200.0K $253.0K
YoY Change -59.51% -40.19%
Gross Profit $64.50M $66.52M
YoY Change 21.97% 33.07%
Gross Profit Margin 99.66% 99.62%
Selling, General & Admin $103.9M $92.67M
YoY Change 7.5% -1.51%
% of Gross Profit 161.09% 139.32%
Research & Development $13.83M $14.50M
YoY Change -28.72% -18.45%
% of Gross Profit 21.44% 21.8%
Depreciation & Amortization $4.745M $5.151M
YoY Change -14.63% -3.7%
% of Gross Profit 7.36% 7.74%
Operating Expenses $13.83M $14.50M
YoY Change -28.72% -18.45%
Operating Profit -$39.40M -$26.15M
YoY Change -18.38% -42.49%
Interest Expense $2.300M $2.300M
YoY Change
% of Operating Profit
Other Income/Expense, Net -$138.0K $108.0K
YoY Change -78.67% -109.25%
Pretax Income -$39.53M -$26.04M
YoY Change -19.18% -44.16%
Income Tax -$2.500M -$2.500M
% Of Pretax Income
Net Earnings -$37.03M -$23.50M
YoY Change -5.43% -37.33%
Net Earnings / Revenue -57.21% -35.2%
Basic Earnings Per Share -$1.68 -$1.18
Diluted Earnings Per Share -$1.68 -$1.18
COMMON SHARES
Basic Shares Outstanding 28.09M shares 27.71M shares
Diluted Shares Outstanding 28.11M shares 27.82M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $160.6M $189.8M
YoY Change -2.53% -4.72%
Cash & Equivalents $152.1M $153.2M
Short-Term Investments $8.469M $36.62M
Other Short-Term Assets $23.20M $11.08M
YoY Change 10.27% 15.05%
Inventory
Prepaid Expenses $12.63M $1.757M
Receivables $522.0K $643.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $396.7M $390.2M
YoY Change 0.42% -4.96%
LONG-TERM ASSETS
Property, Plant & Equipment $5.427M $5.034M
YoY Change -31.54% -48.37%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $29.00M $30.11M
YoY Change -20.44% -17.05%
Total Long-Term Assets $629.6M $663.2M
YoY Change -4.14% -3.09%
TOTAL ASSETS
Total Short-Term Assets $396.7M $390.2M
Total Long-Term Assets $629.6M $663.2M
Total Assets $1.026B $1.053B
YoY Change -2.43% -3.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.004M $6.391M
YoY Change 5.7% 10.34%
Accrued Expenses $41.10M $33.90M
YoY Change 44.34% 27.61%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $53.25M $44.75M
YoY Change 39.7% 24.66%
LONG-TERM LIABILITIES
Long-Term Debt $67.32M $66.91M
YoY Change 2.43% 2.3%
Other Long-Term Liabilities $4.101M $4.315M
YoY Change -9.77% -3.16%
Total Long-Term Liabilities $71.42M $71.22M
YoY Change 1.64% 1.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $53.25M $44.75M
Total Long-Term Liabilities $71.42M $71.22M
Total Liabilities $177.9M $172.5M
YoY Change 8.97% 0.31%
SHAREHOLDERS EQUITY
Retained Earnings -$34.41M $12.84M
YoY Change -156.2% -88.14%
Common Stock $40.00K $40.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $559.6M $600.9M
YoY Change
Total Liabilities & Shareholders Equity $1.026B $1.053B
YoY Change -2.43% -3.79%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$37.03M -$23.50M
YoY Change -5.43% -37.33%
Depreciation, Depletion And Amortization $4.745M $5.151M
YoY Change -14.63% -3.7%
Cash From Operating Activities -$24.69M -$9.428M
YoY Change -16.69% -63.41%
INVESTING ACTIVITIES
Capital Expenditures $4.210M $2.344M
YoY Change -201.96% -153.97%
Acquisitions
YoY Change
Other Investing Activities $28.50M -$14.19M
YoY Change -318.83%
Cash From Investing Activities $24.29M -$16.54M
YoY Change -688.28% -871.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -890.0K -1.248M
YoY Change 80.53% -36.16%
NET CHANGE
Cash From Operating Activities -24.69M -9.428M
Cash From Investing Activities 24.29M -16.54M
Cash From Financing Activities -890.0K -1.248M
Net Change In Cash -1.290M -27.21M
YoY Change -96.23% 6.39%
FREE CASH FLOW
Cash From Operating Activities -$24.69M -$9.428M
Capital Expenditures $4.210M $2.344M
Free Cash Flow -$28.90M -$11.77M
YoY Change 13.3% -45.05%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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Significant Accounting Policies, Estimates and Judgments – The preparation of condensed consolidated financial statements and related disclosures in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported and disclosed in the condensed consolidated financial statements and accompanying notes. On an ongoing basis, we evaluate our estimates, including those related to, but not limited to, the fair value of investments, the commissions we expect to collect for each approved member cohort, valuation allowance for deferred income taxes, provision (benefit) for income taxes and the assumptions used in determining stock-based compensation. We base our estimates of the carrying value of certain assets and liabilities on historical experience and on various other assumptions that we believe to be reasonable. Actual results may differ from these estimates.
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CY2023Q2 us-gaap Depreciation Depletion And Amortization
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us-gaap Operating Lease Payments
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022Q2 us-gaap Income Tax Expense Benefit
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CY2023Q2 ehth Lessee Operating Lease Liability To Be Paid After Year Four
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
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CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2023Q2 us-gaap Operating Lease Liability
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CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
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CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
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CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
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CY2023Q2 ehth Lessor Operating Lease Payment To Be Received After Year Four
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CY2023Q2 us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
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CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
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