2022 Q4 Form 10-Q Financial Statement

#000143774922024042 Filed on October 12, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q2 2022 Q1
Revenue $111.9M $161.8M $75.09M
YoY Change 116.55% 145.47% 52.58%
Cost Of Revenue $105.7M $143.1M $77.53M
YoY Change 91.33% 194.59% 146.32%
Gross Profit $6.130M $18.67M -$2.434M
YoY Change -270.08% 7.75% -113.72%
Gross Profit Margin 5.48% 11.54% -3.24%
Selling, General & Admin $4.701M $6.353M $1.833M
YoY Change 135.72% 89.63% -44.73%
% of Gross Profit 76.69% 34.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $706.4K $531.1K $326.2K
YoY Change 113.38% 57.43% 15.41%
% of Gross Profit 11.52% 2.84%
Operating Expenses $4.701M $6.353M $1.833M
YoY Change 410.96% 238.63% -44.73%
Operating Profit $1.429M $11.89M -$4.267M
YoY Change -125.26% -14.81% -129.58%
Interest Expense $448.0K $429.0K -$5.234M
YoY Change 672.41% 1765.22% 901.46%
% of Operating Profit 31.35% 3.61%
Other Income/Expense, Net $826.0K $2.768M -$5.100M
YoY Change -52.17% 787.18% 920.0%
Pretax Income $1.807M $14.66M -$9.501M
YoY Change -145.98% 2.72% -168.34%
Income Tax $431.6K $3.473M -$2.040M
% Of Pretax Income 23.88% 23.7%
Net Earnings $1.376M $11.18M -$7.461M
YoY Change -146.45% -1.13% -171.72%
Net Earnings / Revenue 1.23% 6.91% -9.94%
Basic Earnings Per Share $0.19 $1.55
Diluted Earnings Per Share $0.19 $1.55 -$1.111M
COMMON SHARES
Basic Shares Outstanding 7.369M 6.856M
Diluted Shares Outstanding 7.275M 7.071M

Balance Sheet

Concept 2022 Q4 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.545M $2.409M $2.598M
YoY Change 15.59% 170.39% -68.28%
Cash & Equivalents $3.545M $2.409M $2.598M
Short-Term Investments
Other Short-Term Assets $3.096M $2.722M $14.91M
YoY Change 20.08% -91.75% 20.92%
Inventory $97.83M $123.9M $67.95M
Prepaid Expenses
Receivables $43.07M $76.48M $35.67M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $148.4M $209.0M $125.4M
YoY Change 21.75% 59.46% 61.68%
LONG-TERM ASSETS
Property, Plant & Equipment $53.78M $51.34M $30.11M
YoY Change 95.63% 187.16% 94.72%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $464.9K $413.1K $2.291M
YoY Change -52.2% 182.36% 14.07%
Total Long-Term Assets $55.53M $53.09M $33.91M
YoY Change 94.22% 116.56% 94.08%
TOTAL ASSETS
Total Short-Term Assets $148.4M $209.0M $125.4M
Total Long-Term Assets $55.53M $53.09M $33.91M
Total Assets $203.9M $262.1M $159.3M
YoY Change 35.52% 68.45% 67.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $42.28M $47.47M $44.75M
YoY Change 11.52% 7.97% 194.8%
Accrued Expenses $2.710M $3.367M $1.388M
YoY Change 88.28% -30.29% -48.56%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $106.2K $105.2K $104.7K
YoY Change 1.94% 1.95% -93.54%
Total Short-Term Liabilities $48.52M $55.34M $60.81M
YoY Change 10.73% -30.98% 109.17%
LONG-TERM LIABILITIES
Long-Term Debt $44.59M $102.5M $160.9K
YoY Change 23716.69% 42683.78% -63.23%
Other Long-Term Liabilities $1.274M $1.379M $221.8K
YoY Change 387.28% -6.05% -29.82%
Total Long-Term Liabilities $1.274M $1.379M $221.8K
YoY Change 387.28% -6.05% -29.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $48.52M $55.34M $60.81M
Total Long-Term Liabilities $1.274M $1.379M $221.8K
Total Liabilities $95.22M $159.3M $79.59M
YoY Change 60.36% 72.03% 168.26%
SHAREHOLDERS EQUITY
Retained Earnings $73.49M $69.94M $58.91M
YoY Change 10.5% 23.63% 29.78%
Common Stock $43.80M $43.64M $38.79M
YoY Change 13.13% 13.48% 1.17%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.778M $7.770M $7.741M
YoY Change 6.47% 7.87% 7.47%
Treasury Stock Shares $1.493M $1.492M $1.489M
Shareholders Equity $108.7M $102.7M $79.69M
YoY Change
Total Liabilities & Shareholders Equity $203.9M $262.1M $159.3M
YoY Change 35.52% 68.45% 67.64%

Cashflow Statement

Concept 2022 Q4 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $1.376M $11.18M -$7.461M
YoY Change -146.45% -1.13% -171.72%
Depreciation, Depletion And Amortization $706.4K $531.1K $326.2K
YoY Change 113.38% 57.43% 15.41%
Cash From Operating Activities -$10.55M -$21.34M $9.540M
YoY Change -738.05% -1107.84% 165.78%
INVESTING ACTIVITIES
Capital Expenditures $1.085M $2.812M -$714.5K
YoY Change -124.42% 2.01% 87.33%
Acquisitions
YoY Change
Other Investing Activities -$3.470K -$71.72M -$5.170K
YoY Change 20.07% 2473130.0% -115.98%
Cash From Investing Activities -$1.089M -$74.54M -$719.7K
YoY Change -75.52% 2601.38% 106.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $29.27K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.176M $83.49M 2.650M
YoY Change 2280.75% 680.28% -453.88%
NET CHANGE
Cash From Operating Activities -10.55M -$21.34M 9.540M
Cash From Investing Activities -1.089M -$74.54M -719.7K
Cash From Financing Activities 8.176M $83.49M 2.650M
Net Change In Cash -3.464M -$12.39M 11.47M
YoY Change 41.4% -223.2% 360.38%
FREE CASH FLOW
Cash From Operating Activities -$10.55M -$21.34M $9.540M
Capital Expenditures $1.085M $2.812M -$714.5K
Free Cash Flow -$11.64M -$24.16M $10.25M
YoY Change -290.83% 3683.85% 158.24%

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