2022 Q1 Form 10-Q Financial Statement
#000080364922000046 Filed on May 05, 2022
Income Statement
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
Revenue | $16.69M | $14.85M |
YoY Change | 12.36% | -21.09% |
Cost Of Revenue | $4.533M | $6.600M |
YoY Change | -31.32% | -25.0% |
Gross Profit | $12.15M | $8.200M |
YoY Change | 48.21% | -18.81% |
Gross Profit Margin | 72.83% | 55.22% |
Selling, General & Admin | $8.002M | $15.70M |
YoY Change | -49.03% | 48.11% |
% of Gross Profit | 65.84% | 191.46% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $4.412M | $4.351M |
YoY Change | 1.4% | -14.92% |
% of Gross Profit | 36.3% | 53.06% |
Operating Expenses | $12.41M | $20.10M |
YoY Change | -38.24% | 28.03% |
Operating Profit | -$261.0K | -$11.90M |
YoY Change | -97.81% | 112.5% |
Interest Expense | $1.574M | $0.00 |
YoY Change | -100.0% | |
% of Operating Profit | ||
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | $1.313M | -$10.01M |
YoY Change | -113.12% | -102.35% |
Income Tax | $8.000K | $31.00K |
% Of Pretax Income | 0.61% | |
Net Earnings | $1.302M | -$10.02M |
YoY Change | -113.0% | -102.36% |
Net Earnings / Revenue | 7.8% | -67.46% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | $11.45K | -$81.97K |
COMMON SHARES | ||
Basic Shares Outstanding | 113.7M shares | 122.0M shares |
Diluted Shares Outstanding | 113.7M shares | 122.0M shares |
Balance Sheet
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $2.722B | $2.971B |
YoY Change | -8.39% | -11.27% |
Cash & Equivalents | $2.700B | $3.000B |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | $15.64M | $14.60M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $2.738B | $2.986B |
YoY Change | -8.31% | -11.23% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $246.8M | $258.1M |
YoY Change | -4.39% | -0.39% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | $262.4M | $275.0M |
YoY Change | -4.56% | -19.3% |
TOTAL ASSETS | ||
Total Short-Term Assets | $2.738B | $2.986B |
Total Long-Term Assets | $262.4M | $275.0M |
Total Assets | $3.000B | $3.261B |
YoY Change | -7.99% | -11.97% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $15.51M | $21.00M |
YoY Change | -26.17% | -19.23% |
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $16.02M | $26.10M |
YoY Change | -38.62% | -17.92% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | -100.0% | |
Other Long-Term Liabilities | $3.732M | $3.000M |
YoY Change | 24.4% | 36.36% |
Total Long-Term Liabilities | $3.732M | $3.000M |
YoY Change | 24.4% | -89.17% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $16.02M | $26.10M |
Total Long-Term Liabilities | $3.732M | $3.000M |
Total Liabilities | $19.75M | $29.06M |
YoY Change | -32.03% | -51.12% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $3.800B | $3.805B |
YoY Change | -0.13% | 0.44% |
Common Stock | $4.054B | $4.296B |
YoY Change | -5.63% | 0.23% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $2.973B | $3.225B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $3.000B | $3.261B |
YoY Change | -7.99% | -11.97% |
Cashflow Statement
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $1.302M | -$10.02M |
YoY Change | -113.0% | -102.36% |
Depreciation, Depletion And Amortization | $4.412M | $4.351M |
YoY Change | 1.4% | -14.92% |
Cash From Operating Activities | $2.916M | $1.548M |
YoY Change | 88.37% | -86.86% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$3.600M | |
YoY Change | 140.0% | |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$650.0K | $0.00 |
YoY Change | -100.0% | |
Cash From Investing Activities | -$650.0K | -$3.607M |
YoY Change | -81.98% | -100.63% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $77.88M | $6.093M |
YoY Change | 1178.14% | -77.33% |
Debt Paid & Issued, Net | $0.00 | |
YoY Change | -100.0% | |
Cash From Financing Activities | -$81.34M | -$14.11M |
YoY Change | 476.27% | -55.84% |
NET CHANGE | ||
Cash From Operating Activities | $2.916M | $1.548M |
Cash From Investing Activities | -$650.0K | -$3.607M |
Cash From Financing Activities | -$81.34M | -$14.11M |
Net Change In Cash | -$79.07M | -$16.17M |
YoY Change | 388.9% | -102.94% |
FREE CASH FLOW | ||
Cash From Operating Activities | $2.916M | $1.548M |
Capital Expenditures | -$3.600M | |
Free Cash Flow | $5.148M | |
YoY Change | -61.23% |
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3243164000 | USD |
CY2021Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-10038000 | USD |
CY2021Q1 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
6093000 | USD |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
6687000 | USD |
CY2021Q1 | us-gaap |
Dividends
Dividends
|
2102000 | USD |
CY2021Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3231618000 | USD |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
1305000 | USD |
CY2021Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-10038000 | USD |
CY2022Q1 | us-gaap |
Depreciation
Depreciation
|
3776000 | USD |
CY2021Q1 | us-gaap |
Depreciation
Depreciation
|
3769000 | USD |
CY2022Q1 | us-gaap |
Straight Line Rent
StraightLineRent
|
-10000 | USD |
CY2021Q1 | us-gaap |
Straight Line Rent
StraightLineRent
|
307000 | USD |
CY2022Q1 | us-gaap |
Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
|
636000 | USD |
CY2021Q1 | us-gaap |
Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
|
582000 | USD |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3176000 | USD |
CY2021Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6687000 | USD |
CY2022Q1 | eqc |
Increase Decrease In Rents Receivable And Other Assets
IncreaseDecreaseInRentsReceivableAndOtherAssets
|
1265000 | USD |
CY2021Q1 | eqc |
Increase Decrease In Rents Receivable And Other Assets
IncreaseDecreaseInRentsReceivableAndOtherAssets
|
-269000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-4468000 | USD |
CY2021Q1 | us-gaap |
Real Estate Improvements
RealEstateImprovements
|
3500000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
535000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
|
-254000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
|
51000 | USD |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2916000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1548000 | USD |
CY2022Q1 | eqc |
Cash Paid For Real Estate Improvements
CashPaidForRealEstateImprovements
|
650000 | USD |
CY2021Q1 | eqc |
Cash Paid For Real Estate Improvements
CashPaidForRealEstateImprovements
|
3607000 | USD |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-650000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-3607000 | USD |
CY2022Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
77877000 | USD |
CY2021Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
6093000 | USD |
CY2022Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
1000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
0 | USD |
CY2022Q1 | us-gaap |
Payments Of Capital Distribution
PaymentsOfCapitalDistribution
|
1462000 | USD |
CY2021Q1 | us-gaap |
Payments Of Capital Distribution
PaymentsOfCapitalDistribution
|
6024000 | USD |
CY2022Q1 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
1997000 | USD |
CY2021Q1 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
1997000 | USD |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-81335000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-14114000 | USD |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-79069000 | USD |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-16173000 | USD |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2800998000 | USD |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2987225000 | USD |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2721929000 | USD |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2971052000 | USD |
CY2022Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-12000 | USD |
CY2021Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-12000 | USD |
CY2022Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
703000 | USD |
CY2021Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
840000 | USD |
CY2022Q1 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
514000 | USD |
CY2021Q1 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
5072000 | USD |
CY2022Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2700000000 | USD |
CY2022Q1 | us-gaap |
Real Estate Improvements
RealEstateImprovements
|
800000 | USD |
CY2022Q1 | us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
10103000 | USD |
CY2021Q1 | us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
9257000 | USD |
CY2022Q1 | us-gaap |
Variable Lease Income
VariableLeaseIncome
|
5737000 | USD |
CY2021Q1 | us-gaap |
Variable Lease Income
VariableLeaseIncome
|
4912000 | USD |
CY2022Q1 | us-gaap |
Lease Income
LeaseIncome
|
15840000 | USD |
CY2021Q1 | us-gaap |
Lease Income
LeaseIncome
|
14169000 | USD |
CY2021Q1 | us-gaap |
Payments Of Capital Distribution
PaymentsOfCapitalDistribution
|
1500000 | USD |
CY2022Q1 | us-gaap |
Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
|
0.40625 | |
CY2022Q1 | us-gaap |
Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
|
0.40625 | |
CY2022Q1 | eqc |
Common Stock Conversion Term
CommonStockConversionTerm
|
P6M | |
CY2022Q1 | eqc |
Common Stock Basis For Conversion
CommonStockBasisForConversion
|
1 | |
CY2022Q1 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
8000 | USD |
CY2021Q1 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
31000 | USD |
CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
8000 | USD |
CY2021Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
31000 | USD |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
|
300000 | USD |
CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
|
3400000 | USD |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
1148195 | shares |
CY2022Q1 | us-gaap |
Fair Value Net Asset Liability
FairValueNetAssetLiability
|
0 | USD |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
1305000 | USD |
CY2021Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-10038000 | USD |
CY2021Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-20000 | USD |
CY2022Q1 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
1997000 | USD |
CY2021Q1 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
1997000 | USD |
CY2022Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-695000 | USD |
CY2021Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-12015000 | USD |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
1305000 | USD |
CY2021Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-10038000 | USD |
CY2022Q1 | eqc |
Net Income Loss Attributable To Noncontrolling Interest Diluted
NetIncomeLossAttributableToNoncontrollingInterestDiluted
|
3000 | USD |
CY2021Q1 | eqc |
Net Income Loss Attributable To Noncontrolling Interest Diluted
NetIncomeLossAttributableToNoncontrollingInterestDiluted
|
-20000 | USD |
CY2022Q1 | us-gaap |
Dilutive Securities
DilutiveSecurities
|
-1997000 | USD |
CY2021Q1 | us-gaap |
Dilutive Securities
DilutiveSecurities
|
-1997000 | USD |
CY2022Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-695000 | USD |
CY2021Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-12015000 | USD |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
113740000 | shares |
CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
122002000 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
113740000 | shares |
CY2021Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
122002000 | shares |
CY2022Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
-0.01 | |
CY2021Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
-0.10 | |
CY2022Q1 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
-0.01 | |
CY2021Q1 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
-0.10 | |
CY2021Q1 | us-gaap |
Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
|
0.0650 | |
CY2022Q1 | us-gaap |
Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
|
0.0650 | |
CY2022Q1 | us-gaap |
Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
|
0.0650 | |
CY2021Q1 | us-gaap |
Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
|
0.0650 | |
CY2022Q1 | eqc |
Weighted Average Number Of Shares Restricted Stock Units Unvested
WeightedAverageNumberOfSharesRestrictedStockUnitsUnvested
|
162000 | shares |
CY2021Q1 | eqc |
Weighted Average Number Of Shares Restricted Stock Units Unvested
WeightedAverageNumberOfSharesRestrictedStockUnitsUnvested
|
236000 | shares |
CY2022Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | segment |