2016 Q2 Form 10-Q Financial Statement

#000162890816000060 Filed on August 09, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $56.52M $10.41M
YoY Change 442.71%
Cost Of Revenue $32.80M $7.900M
YoY Change 315.19%
Gross Profit $23.70M $2.500M
YoY Change 848.0%
Gross Profit Margin 41.93% 24.01%
Selling, General & Admin $32.76M $13.08M
YoY Change 150.39%
% of Gross Profit 138.21% 523.28%
Research & Development $800.0K
YoY Change
% of Gross Profit 32.0%
Depreciation & Amortization $800.0K $200.0K
YoY Change 300.0% -130.3%
% of Gross Profit 3.38% 8.0%
Operating Expenses $69.15M $21.95M
YoY Change 214.98%
Operating Profit -$12.63M -$11.54M
YoY Change 9.45%
Interest Expense $0.00 -$16.80M
YoY Change -100.0% 184.75%
% of Operating Profit
Other Income/Expense, Net $1.000K $0.00
YoY Change
Pretax Income -$12.37M $385.8M
YoY Change -103.21% -6595.39%
Income Tax -$400.0K $29.27M
% Of Pretax Income 7.59%
Net Earnings -$8.387M $359.9M
YoY Change -102.33% -6160.14%
Net Earnings / Revenue -14.84% 3456.04%
Basic Earnings Per Share -$0.20 $25.69
Diluted Earnings Per Share -$0.20 $9.73
COMMON SHARES
Basic Shares Outstanding 42.59M shares 13.98M shares
Diluted Shares Outstanding 42.59M shares 36.64M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $132.7M $219.4M
YoY Change -39.52%
Cash & Equivalents $105.1M $219.4M
Short-Term Investments $27.60M
Other Short-Term Assets $7.500M $8.300M
YoY Change -9.64%
Inventory
Prepaid Expenses
Receivables $30.34M $24.04M
Other Receivables $0.00 $0.00
Total Short-Term Assets $170.6M $251.6M
YoY Change -32.22%
LONG-TERM ASSETS
Property, Plant & Equipment $18.47M $0.00
YoY Change
Goodwill $459.7M $608.9M
YoY Change -24.5%
Intangibles $165.4M $169.0M
YoY Change -2.11%
Long-Term Investments $27.20M
YoY Change
Other Assets $9.859M $151.0K
YoY Change 6429.14%
Total Long-Term Assets $682.2M $788.2M
YoY Change -13.44%
TOTAL ASSETS
Total Short-Term Assets $170.6M $251.6M
Total Long-Term Assets $682.2M $788.2M
Total Assets $852.8M $1.040B
YoY Change -17.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.38M $13.53M
YoY Change -8.54%
Accrued Expenses $8.513M $20.09M
YoY Change -57.63%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $56.73M $60.81M
YoY Change -6.71%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $7.972M
YoY Change
Total Long-Term Liabilities $7.972M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $56.73M $60.81M
Total Long-Term Liabilities $7.972M $0.00
Total Liabilities $84.66M $91.13M
YoY Change -7.11%
SHAREHOLDERS EQUITY
Retained Earnings $175.2M $322.8M
YoY Change -45.71%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $537.7M $654.2M
YoY Change
Total Liabilities & Shareholders Equity $852.8M $1.040B
YoY Change -17.99%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income -$8.387M $359.9M
YoY Change -102.33% -6160.14%
Depreciation, Depletion And Amortization $800.0K $200.0K
YoY Change 300.0% -130.3%
Cash From Operating Activities -$1.120M -$5.810M
YoY Change -80.72% -253.7%
INVESTING ACTIVITIES
Capital Expenditures -$3.910M -$1.020M
YoY Change 283.33% -180.95%
Acquisitions
YoY Change
Other Investing Activities -$910.0K $17.07M
YoY Change -105.33% -55.56%
Cash From Investing Activities -$4.810M $16.05M
YoY Change -129.97% -59.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -230.0K 209.1M
YoY Change -100.11% -21884.38%
NET CHANGE
Cash From Operating Activities -1.120M -5.810M
Cash From Investing Activities -4.810M 16.05M
Cash From Financing Activities -230.0K 209.1M
Net Change In Cash -6.160M 219.4M
YoY Change -102.81% 416.16%
FREE CASH FLOW
Cash From Operating Activities -$1.120M -$5.810M
Capital Expenditures -$3.910M -$1.020M
Free Cash Flow $2.790M -$4.790M
YoY Change -158.25% -290.08%

Facts In Submission

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0 USD
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0 USD
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0 USD
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LicenseAndServicesRevenue
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us-gaap License And Services Revenue
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1015000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7260000 USD
CY2015Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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CY2016Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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CY2015Q4 us-gaap Prepaid Expense And Other Assets Current
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114000 USD
CY2015Q2 us-gaap Profit Loss
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356488000 USD
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345169000 USD
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CY2015Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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42390000 shares

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