2022 Q2 Form 10-Q Financial Statement

#000141057822001188 Filed on May 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $128.2M $90.08M $95.46M
YoY Change 52.26% 81.45% 78.73%
Cost Of Revenue $117.9M $81.65M $87.81M
YoY Change 50.37% 75.71% 74.05%
Gross Profit $10.27M $8.428M $7.655M
YoY Change 78.04% 165.03% 158.61%
Gross Profit Margin 8.01% 9.36% 8.02%
Selling, General & Admin $13.69M $12.02M $7.935M
YoY Change 40.15% 93.17% 85.83%
% of Gross Profit 133.23% 142.58% 103.66%
Research & Development $1.048M $1.474M $3.911M
YoY Change 282.86% 877.75%
% of Gross Profit 10.2% 17.49% 51.09%
Depreciation & Amortization $1.344M $1.061M $970.0K
YoY Change 80.54% 940.2% 1516.67%
% of Gross Profit 13.08% 12.59% 12.67%
Operating Expenses $15.55M $95.72M $11.89M
YoY Change -82.52% 80.27% 178.34%
Operating Profit -$5.275M -$5.635M -$4.230M
YoY Change 11.29% 63.38% 222.9%
Interest Expense -$6.000K -$1.000K -$4.000K
YoY Change -666.04%
% of Operating Profit
Other Income/Expense, Net -$228.0K -$337.0K -$125.0K
YoY Change -777.4% -724.07%
Pretax Income -$5.509M -$5.972M -$4.053M
YoY Change 17.05% 75.91% 207.05%
Income Tax $160.0K $25.00K -$427.0K
% Of Pretax Income
Net Earnings -$5.669M -$5.997M -$3.626M
YoY Change 171.06% 76.38% 185.51%
Net Earnings / Revenue -4.42% -6.66% -3.8%
Basic Earnings Per Share -$0.35 -$0.37
Diluted Earnings Per Share -$353.4K -$0.37 -$238.1K
COMMON SHARES
Basic Shares Outstanding 17.43M 16.32M 14.80M
Diluted Shares Outstanding 16.04M 16.32M

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.51M $30.52M $37.83M
YoY Change 52.07% 22.49% 32.37%
Cash & Equivalents $19.51M $30.50M $37.80M
Short-Term Investments
Other Short-Term Assets $9.300M $11.54M $12.64M
YoY Change -34.17% 616.58% 466.77%
Inventory
Prepaid Expenses
Receivables $5.020M $4.155M $3.981M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $33.83M $46.22M $54.45M
YoY Change 8.93% 61.54% 65.72%
LONG-TERM ASSETS
Property, Plant & Equipment $8.693M $1.537M $1.250M
YoY Change 792.96% -44.31% 706.45%
Goodwill $25.41M $20.54M
YoY Change 2470.84%
Intangibles $27.68M $24.24M
YoY Change 2529.39%
Long-Term Investments
YoY Change
Other Assets $50.00K $50.00K $93.00K
YoY Change -24.29% -16.67% 66.07%
Total Long-Term Assets $62.61M $59.34M $50.48M
YoY Change 27.92% 578.16% 2030.86%
TOTAL ASSETS
Total Short-Term Assets $33.83M $46.22M $54.45M
Total Long-Term Assets $62.61M $59.34M $50.48M
Total Assets $96.44M $105.6M $104.9M
YoY Change 20.55% 182.53% 197.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.089M $4.893M $5.303M
YoY Change 32.08% 50.09% 104.28%
Accrued Expenses $4.334M $5.575M $4.491M
YoY Change -3.61% 201.35% 321.69%
Deferred Revenue
YoY Change
Short-Term Debt $6.129M $8.162M $9.577M
YoY Change -34.53%
Long-Term Debt Due $231.0K $459.0K $831.0K
YoY Change -61.72% 91.25% 224.61%
Total Short-Term Liabilities $17.77M $20.19M $21.07M
YoY Change -27.47% 195.58% 322.28%
LONG-TERM LIABILITIES
Long-Term Debt $280.0K $151.0K $146.0K
YoY Change -21.53% -41.92% -48.41%
Other Long-Term Liabilities $5.642M $3.688M $3.562M
YoY Change 96.68% 86.26% 1087.33%
Total Long-Term Liabilities $5.922M $3.839M $146.0K
YoY Change 1559.56% 71.38% -48.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.77M $20.19M $21.07M
Total Long-Term Liabilities $5.922M $3.839M $146.0K
Total Liabilities $23.69M $24.03M $24.78M
YoY Change -16.53% 164.91% 344.56%
SHAREHOLDERS EQUITY
Retained Earnings -$25.98M -$19.98M
YoY Change 166.81%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $30.00K
YoY Change 0.0%
Treasury Stock Shares $5.683M
Shareholders Equity $72.75M $81.53M $80.15M
YoY Change
Total Liabilities & Shareholders Equity $96.44M $105.6M $104.9M
YoY Change 20.55% 182.53% 197.89%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income -$5.669M -$5.997M -$3.626M
YoY Change 171.06% 76.38% 185.51%
Depreciation, Depletion And Amortization $1.344M $1.061M $970.0K
YoY Change 80.54% 940.2% 1516.67%
Cash From Operating Activities -$1.273M $1.641M -$5.126M
YoY Change -25.67% -267.28% 482.5%
INVESTING ACTIVITIES
Capital Expenditures -$1.611M $317.0K -$886.0K
YoY Change 283.42% -21.14% 139.46%
Acquisitions $1.572M
YoY Change -25.67%
Other Investing Activities -$907.0K -$1.572M -$112.0K
YoY Change -89.8% -25.85% -34.12%
Cash From Investing Activities -$2.518M -$2.652M -$998.0K
YoY Change -72.97% -0.53% 84.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $989.0K
YoY Change
Debt Paid & Issued, Net $467.0K
YoY Change 11575.0%
Cash From Financing Activities -7.189M -6.308M 31.72M
YoY Change -587.08% 157600.0%
NET CHANGE
Cash From Operating Activities -1.273M 1.641M -5.126M
Cash From Investing Activities -2.518M -2.652M -998.0K
Cash From Financing Activities -7.189M -6.308M 31.72M
Net Change In Cash -10.98M -7.319M 25.60M
YoY Change 14.97% 100.47% -1902.75%
FREE CASH FLOW
Cash From Operating Activities -$1.273M $1.641M -$5.126M
Capital Expenditures -$1.611M $317.0K -$886.0K
Free Cash Flow $338.0K $1.324M -$4.240M
YoY Change -126.15% -195.73% 731.37%

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CY2021Q1 us-gaap Interest Paid Net
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CY2021Q1 us-gaap Extinguishment Of Debt Amount
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CY2022Q1 fthm Loan Receivable Forgiven And Used As Purchase Consideration
LoanReceivableForgivenAndUsedAsPurchaseConsideration
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CY2021Q1 fthm Loan Receivable Forgiven And Used As Purchase Consideration
LoanReceivableForgivenAndUsedAsPurchaseConsideration
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CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2021Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CashAndCashEquivalentsAtCarryingValue
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CY2022Q1 us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
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CY2021Q1 fthm Number Of Business Combination Acquisitions Completed
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CY2021Q1 us-gaap Payments To Acquire Businesses Gross
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2700000
CY2021Q1 us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
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CY2021Q1 us-gaap Asset Acquisition Consideration Transferred
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CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
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CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2022Q1 us-gaap Finite Lived Intangible Assets Net
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CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
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CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2021Q4 us-gaap Finite Lived Intangible Assets Net
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CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
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CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
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CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
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CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
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CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
3188000
CY2022Q1 fthm Finite Lived Intangible Assets Amortization Expense Rolling After Year Four
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5941000
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
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CY2022Q1 us-gaap Amortization Of Intangible Assets
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1000000.0
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000
CY2021Q4 us-gaap Goodwill
Goodwill
20541000
CY2022Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
4871000
CY2022Q1 us-gaap Goodwill
Goodwill
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CY2022Q1 fthm Deferred Annual Fees Current
DeferredAnnualFeesCurrent
883000
CY2021Q4 fthm Deferred Annual Fees Current
DeferredAnnualFeesCurrent
546000
CY2022Q1 fthm Due To Sellers
DueToSellers
2100000
CY2022Q1 fthm Accruedliabilitiecurrent
Accruedliabilitiecurrent
5575000
CY2021Q4 fthm Accruedliabilitiecurrent
Accruedliabilitiecurrent
4401000
CY2021Q4 fthm Due To Sellers
DueToSellers
1400000
CY2022Q1 us-gaap Accrued Employee Benefits Current
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884000
CY2021Q4 us-gaap Accrued Employee Benefits Current
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1033000
CY2022Q1 us-gaap Other Accrued Liabilities Current
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1708000
CY2021Q4 us-gaap Other Accrued Liabilities Current
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1422000
CY2022Q1 us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
true
CY2022Q1 us-gaap Lessee Operating Lease Existence Of Residual Value Guarantee
LesseeOperatingLeaseExistenceOfResidualValueGuarantee
false
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
332000
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
4787000
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
48000
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
112000
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
28000
CY2022Q1 us-gaap Lease Cost
LeaseCost
444000
CY2021Q1 us-gaap Lease Cost
LeaseCost
76000
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y5M23D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y11M23D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0615
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
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CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1083000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
623000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5414000
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
627000
CY2022Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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10000000
CY2022Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
83811
CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1000000.0
CY2022Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
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CY2022Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
240100
CY2022Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.00
CY2022Q1 fthm Number Of Underwriters Warrants Exercised Or Expired
NumberOfUnderwritersWarrantsExercisedOrExpired
0
CY2022Q1 fthm Transaction Related Costs
TransactionRelatedCosts
51000
CY2021Q1 fthm Transaction Related Costs
TransactionRelatedCosts
434000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-5997000
CY2021Q1 us-gaap Net Income Loss
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CY2022Q1 fthm Cash Balance Commitment Amount
CashBalanceCommitmentAmount
5800000
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2407000
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
41000
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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9800000
CY2022Q1 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
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100000
CY2022Q1 us-gaap Depreciation Depletion And Amortization
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CY2021Q1 us-gaap Depreciation Depletion And Amortization
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102000
CY2022Q1 us-gaap Nonoperating Income Expense
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CY2021Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
54000
CY2022Q1 fthm Income Taxes Expense Benefit
IncomeTaxesExpenseBenefit
25000
CY2021Q1 fthm Income Taxes Expense Benefit
IncomeTaxesExpenseBenefit
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CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2407000
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
870000
CY2021Q4 fthm Cash Balance Commitment Amount
CashBalanceCommitmentAmount
2300000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-5997000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16323157
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13450111
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.37
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.25
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
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CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
12800000
CY2022Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
49646000
CY2022Q1 fthm Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
-2116000
CY2021Q1 fthm Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
-2043000

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