$FTCO
Fortitude Gold Corp

2023 Q3 Form 10-Q Financial Statement

#000155837023012723 Filed on August 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $21.27M $19.22M
YoY Change 31.92% -19.9%
Cost Of Revenue $48.00K $89.00K
YoY Change -32.39% -21.93%
Gross Profit $11.84M $11.23M
YoY Change 60.95% -3.0%
Gross Profit Margin 55.65% 58.41%
Selling, General & Admin $1.335M $1.087M
YoY Change -18.5% -0.64%
% of Gross Profit 11.28% 9.68%
Research & Development $3.833M $6.061M
YoY Change 3.96% 149.84%
% of Gross Profit 32.38% 53.99%
Depreciation & Amortization $3.400M $2.900M
YoY Change 9.68% -30.95%
% of Gross Profit 28.73% 25.83%
Operating Expenses $5.226M $7.183M
YoY Change -2.68% 101.88%
Operating Profit $6.610M $4.043M
YoY Change 233.17% -49.56%
Interest Expense $549.0K $469.0K
YoY Change 3560.0% 1637.04%
% of Operating Profit 8.31% 11.6%
Other Income/Expense, Net $491.0K $434.0K
YoY Change -918.33% -767.69%
Pretax Income $7.159M $4.512M
YoY Change 263.59% -43.52%
Income Tax $1.400M $900.0K
% Of Pretax Income 19.56% 19.95%
Net Earnings $5.722M $3.604M
YoY Change 232.48% -45.1%
Net Earnings / Revenue 26.9% 18.75%
Basic Earnings Per Share $0.24 $0.15
Diluted Earnings Per Share $0.24 $0.15
COMMON SHARES
Basic Shares Outstanding 24.08M 24.08M
Diluted Shares Outstanding 24.21M 24.23M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $52.98M $47.14M
YoY Change 25.56% 15.73%
Cash & Equivalents $52.04M $46.91M
Short-Term Investments $945.0K $225.0K
Other Short-Term Assets $198.0K $253.0K
YoY Change 80.0% -6.99%
Inventory $50.86M $50.71M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $105.5M $100.1M
YoY Change 17.86% 20.43%
LONG-TERM ASSETS
Property, Plant & Equipment $26.84M $28.62M
YoY Change -22.24% -24.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $359.0K $341.0K
YoY Change -59.3% -90.36%
Total Long-Term Assets $30.18M $33.34M
YoY Change -20.39% -24.95%
TOTAL ASSETS
Total Short-Term Assets $105.5M $100.1M
Total Long-Term Assets $30.18M $33.34M
Total Assets $135.7M $133.4M
YoY Change 6.48% 4.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.906M $3.619M
YoY Change -18.05% 42.71%
Accrued Expenses $2.363M $3.025M
YoY Change 12.15% 0.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $7.365M $8.156M
YoY Change 6.71% 32.27%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $6.248M $6.102M
YoY Change 124860.0% 67700.0%
Total Long-Term Liabilities $6.248M $6.102M
YoY Change 124860.0% 67700.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.365M $8.156M
Total Long-Term Liabilities $6.248M $6.102M
Total Liabilities $13.61M $14.26M
YoY Change 8.03% 23.06%
SHAREHOLDERS EQUITY
Retained Earnings $17.85M $15.02M
YoY Change 63.91% 24.62%
Common Stock $241.0K $241.0K
YoY Change 0.42% 0.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $122.1M $119.2M
YoY Change
Total Liabilities & Shareholders Equity $135.7M $133.4M
YoY Change 6.48% 4.62%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $5.722M $3.604M
YoY Change 232.48% -45.1%
Depreciation, Depletion And Amortization $3.400M $2.900M
YoY Change 9.68% -30.95%
Cash From Operating Activities $9.827M $1.513M
YoY Change 50.98% -85.52%
INVESTING ACTIVITIES
Capital Expenditures $1.073M $2.763M
YoY Change -150.33% -188.73%
Acquisitions
YoY Change
Other Investing Activities -$739.0K -$239.0K
YoY Change
Cash From Investing Activities -$1.812M -$3.002M
YoY Change -15.01% -3.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.893M -3.865M
YoY Change -0.62% 32.73%
NET CHANGE
Cash From Operating Activities 9.827M 1.513M
Cash From Investing Activities -1.812M -3.002M
Cash From Financing Activities -2.893M -3.865M
Net Change In Cash 5.122M -5.354M
YoY Change 249.39% -220.99%
FREE CASH FLOW
Cash From Operating Activities $9.827M $1.513M
Capital Expenditures $1.073M $2.763M
Free Cash Flow $8.754M -$1.250M
YoY Change 1.31% -109.21%

Facts In Submission

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