2013 Q2 Form 10-Q Financial Statement

#000110465913039699 Filed on May 09, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2013 Q1 2012 Q1
Revenue $0.00 $0.00 $7.774M
YoY Change -100.0% -100.0% 30.31%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.830M $4.820M $4.100M
YoY Change -17.01% 17.56% -6.82%
% of Gross Profit
Research & Development $10.73M $11.99M $14.00M
YoY Change -21.85% -14.39% 25.88%
% of Gross Profit
Depreciation & Amortization $450.0K $440.0K $420.0K
YoY Change 2.27% 4.76% -4.55%
% of Gross Profit
Operating Expenses $16.01M $17.25M $18.52M
YoY Change -19.91% -6.85% 16.0%
Operating Profit -$16.01M -$17.25M -$10.75M
YoY Change 71.23% 60.55% 7.46%
Interest Expense $9.000K $10.00K $43.00K
YoY Change -40.0% -76.74% -10.42%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Pretax Income -$15.35M -$17.46M -$13.14M
YoY Change 64.28% 32.89% -1.6%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$15.35M -$17.46M -$13.14M
YoY Change 64.28% 32.89% -1.6%
Net Earnings / Revenue -168.99%
Basic Earnings Per Share
Diluted Earnings Per Share -$309.4K -$351.9K -$346.8K
COMMON SHARES
Basic Shares Outstanding 49.63M shares 49.63M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q2 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $74.20M $84.80M $108.2M
YoY Change -22.55% -21.63% 15.35%
Cash & Equivalents $23.48M $26.74M $24.52M
Short-Term Investments $50.70M $58.00M $83.70M
Other Short-Term Assets $1.978M $1.753M $2.789M
YoY Change -26.74% -37.15% 21.26%
Inventory
Prepaid Expenses
Receivables $1.000M $1.300M
Other Receivables $0.00 $0.00
Total Short-Term Assets $77.18M $87.81M $115.3M
YoY Change -26.98% -23.83% 15.29%
LONG-TERM ASSETS
Property, Plant & Equipment $4.715M $4.962M $5.073M
YoY Change -14.27% -2.19% 130.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $442.0K $442.0K $442.0K
YoY Change 10.5% 0.0% 47.33%
Total Long-Term Assets $5.157M $5.404M $5.515M
YoY Change -12.59% -2.01% 112.12%
TOTAL ASSETS
Total Short-Term Assets $77.18M $87.81M $115.3M
Total Long-Term Assets $5.157M $5.404M $5.515M
Total Assets $82.34M $93.22M $120.8M
YoY Change -26.22% -22.84% 17.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.000M $6.400M $8.400M
YoY Change -1.1% -23.81% 13.51%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $400.0K $400.0K $1.100M
YoY Change -50.0% -63.64% -15.38%
Total Short-Term Liabilities $9.967M $7.995M $17.77M
YoY Change -44.04% -55.0% 7.02%
LONG-TERM LIABILITIES
Long-Term Debt $100.0K $200.0K $600.0K
YoY Change -80.0% -66.67% -14.29%
Other Long-Term Liabilities $32.70M $31.70M $21.70M
YoY Change 62.69% 46.08% -32.4%
Total Long-Term Liabilities $32.80M $31.90M $22.30M
YoY Change 59.22% 43.05% -32.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.967M $7.995M $17.77M
Total Long-Term Liabilities $32.80M $31.90M $22.30M
Total Liabilities $42.80M $39.90M $40.00M
YoY Change 11.46% -0.25% -19.19%
SHAREHOLDERS EQUITY
Retained Earnings -$351.7M -$336.3M -$283.2M
YoY Change 18.75%
Common Stock $391.3M $389.7M $364.0M
YoY Change 7.06%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $39.56M $53.34M $80.78M
YoY Change
Total Liabilities & Shareholders Equity $82.34M $93.22M $120.8M
YoY Change -26.22% -22.84% 17.74%

Cashflow Statement

Concept 2013 Q2 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income -$15.35M -$17.46M -$13.14M
YoY Change 64.28% 32.89% -1.6%
Depreciation, Depletion And Amortization $450.0K $440.0K $420.0K
YoY Change 2.27% 4.76% -4.55%
Cash From Operating Activities -$10.26M -$13.90M -$8.040M
YoY Change -7.82% 72.89% -39.59%
INVESTING ACTIVITIES
Capital Expenditures -$210.0K $372.0K $3.082M
YoY Change -75.58% -87.93% 4240.85%
Acquisitions
YoY Change
Other Investing Activities $7.300M $7.140M -$53.61M
YoY Change -56.39% -113.32% -554.71%
Cash From Investing Activities $7.100M $6.770M -$56.69M
YoY Change -55.29% -111.94% -583.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $62.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -100.0K -100.0K 63.58M
YoY Change -75.61% -100.16% -19968.75%
NET CHANGE
Cash From Operating Activities -10.26M -13.90M -8.040M
Cash From Investing Activities 7.100M 6.770M -56.69M
Cash From Financing Activities -100.0K -100.0K 63.58M
Net Change In Cash -3.260M -7.230M -1.150M
YoY Change -175.12% 528.7% -39.79%
FREE CASH FLOW
Cash From Operating Activities -$10.26M -$13.90M -$8.040M
Capital Expenditures -$210.0K $372.0K $3.082M
Free Cash Flow -$10.05M -$14.27M -$11.12M
YoY Change -2.14% 28.32% -16.88%

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-0.35
CY2013Q1 fold Common Stock Voting Rights For Each Share Held
CommonStockVotingRightsForEachShareHeld
1 item
CY2012 fold Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
500000 shares
CY2012Q1 us-gaap Share Price
SharePrice
5.70
CY2012Q1 fold Proceeds From Issuance Of Common Stock Gross
ProceedsFromIssuanceOfCommonStockGross
65600000 USD
CY2010Q1 fold Stock Issued During Period Shares Collaboration Agreement
StockIssuedDuringPeriodSharesCollaborationAgreement
4900000 shares
CY2010Q1 fold Number Of Shares Of Common Stock Sold In One Unit
NumberOfSharesOfCommonStockSoldInOneUnit
1 shares
CY2013Q1 us-gaap Fair Value Assumptions Expected Volatility Rate
FairValueAssumptionsExpectedVolatilityRate
0.988 pure
CY2012Q1 us-gaap Fair Value Assumptions Risk Free Interest Rate
FairValueAssumptionsRiskFreeInterestRate
0.0031 pure
CY2013Q1 us-gaap Fair Value Assumptions Risk Free Interest Rate
FairValueAssumptionsRiskFreeInterestRate
0.0013 pure
CY2012Q1 us-gaap Fair Value Assumptions Expected Term
FairValueAssumptionsExpectedTerm
P1Y11M1D
CY2010Q1 fold Number Of Warrants Sold In One Unit
NumberOfWarrantsSoldInOneUnit
1 shares
CY2013Q1 us-gaap Fair Value Assumptions Expected Term
FairValueAssumptionsExpectedTerm
P11M1D
CY2012Q1 us-gaap Fair Value Assumptions Expected Dividend Rate
FairValueAssumptionsExpectedDividendRate
0.00 pure
CY2013Q1 us-gaap Fair Value Assumptions Expected Dividend Rate
FairValueAssumptionsExpectedDividendRate
0.00 pure
CY2013Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1574000 USD

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