$FTCO
Fortitude Gold Corp

2022 Q4 Form 10-Q Financial Statement

#000155837022015787 Filed on November 01, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $18.90M $16.12M
YoY Change 24.94% -21.06%
Cost Of Revenue $9.190M $71.00K
YoY Change 11.3% 2.9%
Gross Profit $9.713M $7.354M
YoY Change 41.32% -23.71%
Gross Profit Margin 51.38% 45.61%
Selling, General & Admin $1.875M $1.638M
YoY Change -31.07% 18.87%
% of Gross Profit 19.3% 22.27%
Research & Development $2.964M $3.687M
YoY Change 191.73% 82.25%
% of Gross Profit 30.52% 50.14%
Depreciation & Amortization $3.382M $3.100M
YoY Change 20.18% -16.22%
% of Gross Profit 34.82% 42.15%
Operating Expenses $4.882M $5.370M
YoY Change 29.39% 57.29%
Operating Profit $4.831M $1.984M
YoY Change 55.84% -68.13%
Interest Expense $130.0K $15.00K
YoY Change -719.05% -57.14%
% of Operating Profit 2.69% 0.76%
Other Income/Expense, Net -$60.00K
YoY Change 25.0%
Pretax Income $4.961M $1.969M
YoY Change 61.12% -68.19%
Income Tax $1.181M $200.0K
% Of Pretax Income 23.81% 10.16%
Net Earnings $3.780M $1.721M
YoY Change 52.11% -62.96%
Net Earnings / Revenue 20.0% 10.67%
Basic Earnings Per Share $0.07
Diluted Earnings Per Share $0.16 $0.07
COMMON SHARES
Basic Shares Outstanding 24.02M 24.02M
Diluted Shares Outstanding 24.19M

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $45.05M $42.20M
YoY Change 12.59% -4.83%
Cash & Equivalents $45.05M $42.20M
Short-Term Investments
Other Short-Term Assets $148.0K $110.0K
YoY Change 0.68% -49.31%
Inventory $47.16M $45.13M
Prepaid Expenses
Receivables $0.00 $339.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $93.65M $89.50M
YoY Change 15.16% 10.11%
LONG-TERM ASSETS
Property, Plant & Equipment $30.58M $34.51M
YoY Change -17.85% -8.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.818M $882.0K
YoY Change -37.5% -70.07%
Total Long-Term Assets $37.51M $37.91M
YoY Change -8.76% -9.29%
TOTAL ASSETS
Total Short-Term Assets $93.65M $89.50M
Total Long-Term Assets $37.51M $37.91M
Total Assets $131.2M $127.4M
YoY Change 7.13% 3.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.524M $3.546M
YoY Change 18.66% 18.91%
Accrued Expenses $5.150M $2.107M
YoY Change 274.55% 47.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.531M $6.902M
YoY Change 79.46% 20.12%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $3.000K $5.000K
YoY Change -93.33% -99.89%
Total Long-Term Liabilities $3.000K $5.000K
YoY Change -93.33% -99.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.531M $6.902M
Total Long-Term Liabilities $3.000K $5.000K
Total Liabilities $15.40M $12.60M
YoY Change 52.73% 22.34%
SHAREHOLDERS EQUITY
Retained Earnings $11.79M $10.89M
YoY Change 36.56% 20.72%
Common Stock $240.0K $240.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $115.8M $114.8M
YoY Change
Total Liabilities & Shareholders Equity $131.2M $127.4M
YoY Change 7.13% 3.52%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $3.780M $1.721M
YoY Change 52.11% -62.96%
Depreciation, Depletion And Amortization $3.382M $3.100M
YoY Change 20.18% -16.22%
Cash From Operating Activities $7.540M $6.509M
YoY Change 422.52% -3.9%
INVESTING ACTIVITIES
Capital Expenditures $1.774M -$2.132M
YoY Change -163.52% 84.27%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.774M -$2.132M
YoY Change -36.48% 84.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.908M -2.911M
YoY Change -2.09% 3.67%
NET CHANGE
Cash From Operating Activities 7.540M 6.509M
Cash From Investing Activities -1.774M -2.132M
Cash From Financing Activities -2.908M -2.911M
Net Change In Cash 2.858M 1.466M
YoY Change -166.16% -47.79%
FREE CASH FLOW
Cash From Operating Activities $7.540M $6.509M
Capital Expenditures $1.774M -$2.132M
Free Cash Flow $5.766M $8.641M
YoY Change 36.12% 8.97%

Facts In Submission

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