2024 Q3 Form 10-Q Financial Statement

#000095017024092714 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $14.61M $17.97M
YoY Change -22.84% -4.88%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $13.68M $13.41M
YoY Change -0.85% 6.31%
% of Gross Profit
Research & Development $30.78M $28.74M
YoY Change -14.91% -33.14%
% of Gross Profit
Depreciation & Amortization $594.0K
YoY Change -8.76%
% of Gross Profit
Operating Expenses $44.46M $28.74M
YoY Change -11.01% -48.31%
Operating Profit -$24.19M
YoY Change -34.12%
Interest Expense $668.0K $2.355M
YoY Change -55.76% 26.0%
% of Operating Profit
Other Income/Expense, Net $1.132M
YoY Change -39.43%
Pretax Income -$29.19M -$23.05M
YoY Change -1.13% -33.84%
Income Tax -$363.0K -$395.0K
% Of Pretax Income
Net Earnings -$28.82M -$22.66M
YoY Change 2.54% -42.0%
Net Earnings / Revenue -197.32% -126.08%
Basic Earnings Per Share -$1.07
Diluted Earnings Per Share -$1.36 -$1.07
COMMON SHARES
Basic Shares Outstanding 21.19M 21.18M
Diluted Shares Outstanding 21.18M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $248.2M $230.1M
YoY Change -32.91% -40.48%
Cash & Equivalents $37.23M $35.78M
Short-Term Investments $211.0M $194.3M
Other Short-Term Assets $13.02M $15.87M
YoY Change -2.1% -7.05%
Inventory
Prepaid Expenses
Receivables $6.646M $8.176M
Other Receivables $32.00M $32.46M
Total Short-Term Assets $299.9M $286.6M
YoY Change -29.08% -36.1%
LONG-TERM ASSETS
Property, Plant & Equipment $32.69M $25.05M
YoY Change 174.25% -30.38%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $42.51M
YoY Change 617.59%
Other Assets $94.00K $105.0K
YoY Change -88.29% -97.81%
Total Long-Term Assets $76.80M $112.2M
YoY Change 94.51% 140.32%
TOTAL ASSETS
Total Short-Term Assets $299.9M $286.6M
Total Long-Term Assets $76.80M $112.2M
Total Assets $376.7M $398.8M
YoY Change -18.52% -19.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.002M $10.68M
YoY Change 95.31% 34.58%
Accrued Expenses $13.55M $12.83M
YoY Change -26.13% -45.55%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $57.54M $58.23M
YoY Change -8.36% -14.6%
LONG-TERM LIABILITIES
Long-Term Debt $1.350M $1.423M
YoY Change -3.57% 0.0%
Other Long-Term Liabilities $231.0K $227.0K
YoY Change -65.16% -99.88%
Total Long-Term Liabilities $231.0K $227.0K
YoY Change -65.16% -99.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $57.54M $58.23M
Total Long-Term Liabilities $231.0K $227.0K
Total Liabilities $247.8M $249.9M
YoY Change 0.94% -2.89%
SHAREHOLDERS EQUITY
Retained Earnings -$323.0M -$294.2M
YoY Change 56.06% 64.47%
Common Stock $451.6M $443.8M
YoY Change 6.27% 6.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $128.8M $148.9M
YoY Change
Total Liabilities & Shareholders Equity $376.7M $398.8M
YoY Change -18.52% -19.46%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$28.82M -$22.66M
YoY Change 2.54% -42.0%
Depreciation, Depletion And Amortization $594.0K
YoY Change -8.76%
Cash From Operating Activities -$14.78M
YoY Change -54.01%
INVESTING ACTIVITIES
Capital Expenditures $6.542M
YoY Change 204.14%
Acquisitions
YoY Change
Other Investing Activities $197.0K
YoY Change -100.14%
Cash From Investing Activities -$6.345M
YoY Change -95.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.647M
YoY Change -103.33%
NET CHANGE
Cash From Operating Activities -14.78M
Cash From Investing Activities -6.345M
Cash From Financing Activities -6.647M
Net Change In Cash -27.77M
YoY Change -226.22%
FREE CASH FLOW
Cash From Operating Activities -$14.78M
Capital Expenditures $6.542M
Free Cash Flow -$21.32M
YoY Change -37.81%

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