2021 Form 10-K Financial Statement
#000149315222010132 Filed on April 15, 2022
Income Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| Revenue | $124.2M | $8.900M | $35.16M |
| YoY Change | 253.14% | 17.32% | |
| Cost Of Revenue | $41.37M | $1.130M | $10.47M |
| YoY Change | 295.16% | 47.46% | |
| Gross Profit | $82.79M | $7.770M | $24.69M |
| YoY Change | 235.32% | 7.96% | |
| Gross Profit Margin | 66.68% | 87.3% | 70.22% |
| Selling, General & Admin | $71.15M | $1.330M | $29.87M |
| YoY Change | 138.19% | 150.59% | |
| % of Gross Profit | 85.94% | 17.12% | 120.98% |
| Research & Development | $22.55M | $11.03M | |
| YoY Change | 104.42% | 223.46% | |
| % of Gross Profit | 27.24% | 44.67% | |
| Depreciation & Amortization | $16.81M | $3.220M | $3.220M |
| YoY Change | 422.02% | -25.29% | |
| % of Gross Profit | 20.3% | 41.44% | 13.04% |
| Operating Expenses | $110.5M | $15.62M | $44.16M |
| YoY Change | 150.23% | 124.73% | |
| Operating Profit | -$27.71M | -$7.850M | -$19.47M |
| YoY Change | 42.34% | -704.66% | |
| Interest Expense | $2.000K | $60.00K | $395.0K |
| YoY Change | -99.49% | -4050.0% | |
| % of Operating Profit | |||
| Other Income/Expense, Net | $378.0K | ||
| YoY Change | |||
| Pretax Income | -$30.81M | -$7.790M | -$19.86M |
| YoY Change | 55.11% | -869.77% | |
| Income Tax | -$211.0K | $40.00K | $350.0K |
| % Of Pretax Income | |||
| Net Earnings | -$30.59M | -$7.830M | -$20.22M |
| YoY Change | 51.31% | -1111.0% | |
| Net Earnings / Revenue | -24.64% | -87.98% | -57.51% |
| Basic Earnings Per Share | -$0.73 | ||
| Diluted Earnings Per Share | -$728.0K | -$299.7K | -$748.6K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 42.02M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $39.48M | $152.7M | $152.7M |
| YoY Change | -74.15% | 1382.52% | |
| Cash & Equivalents | $39.48M | $152.7M | $152.7M |
| Short-Term Investments | |||
| Other Short-Term Assets | $6.835M | $2.112M | $2.800M |
| YoY Change | 144.11% | 55.56% | |
| Inventory | |||
| Prepaid Expenses | $1.912M | ||
| Receivables | $8.110M | $8.100M | $8.100M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $54.42M | $163.5M | $163.5M |
| YoY Change | -66.71% | 769.68% | |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $3.349M | $2.100M | $2.100M |
| YoY Change | 59.48% | 31.25% | |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $6.674M | $2.634M | $500.0K |
| YoY Change | 1234.8% | -28.57% | |
| Total Long-Term Assets | $206.5M | $9.750M | $9.700M |
| YoY Change | 2028.74% | 31.08% | |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $54.42M | $163.5M | $163.5M |
| Total Long-Term Assets | $206.5M | $9.750M | $9.700M |
| Total Assets | $260.9M | $173.2M | $173.2M |
| YoY Change | 50.64% | 561.07% | |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $5.268M | $4.926M | $4.700M |
| YoY Change | 12.09% | 80.77% | |
| Accrued Expenses | $15.86M | $3.363M | $8.800M |
| YoY Change | 80.19% | 158.82% | |
| Deferred Revenue | $1.083M | ||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $0.00 | $100.0K | $100.0K |
| YoY Change | -100.0% | -50.0% | |
| Total Short-Term Liabilities | $33.03M | $17.31M | $17.30M |
| YoY Change | 90.94% | 67.96% | |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | ||
| Other Long-Term Liabilities | $2.049M | $370.0K | $400.0K |
| YoY Change | 412.25% | -42.86% | |
| Total Long-Term Liabilities | $2.049M | $370.0K | $400.0K |
| YoY Change | 412.25% | -50.0% | |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $33.03M | $17.31M | $17.30M |
| Total Long-Term Liabilities | $2.049M | $370.0K | $400.0K |
| Total Liabilities | $36.87M | $17.68M | $17.70M |
| YoY Change | 108.32% | 60.91% | |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$45.77M | ||
| YoY Change | |||
| Common Stock | $365.0K | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $224.0M | $155.6M | $155.6M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $260.9M | $173.2M | $173.2M |
| YoY Change | 50.64% | 561.07% |
Cashflow Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$30.59M | -$7.830M | -$20.22M |
| YoY Change | 51.31% | -1111.0% | |
| Depreciation, Depletion And Amortization | $16.81M | $3.220M | $3.220M |
| YoY Change | 422.02% | -25.29% | |
| Cash From Operating Activities | -$5.003M | -$3.770M | -$6.350M |
| YoY Change | -21.21% | -213.6% | |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$13.95M | -$2.250M | -$5.920M |
| YoY Change | 135.64% | 99.33% | |
| Acquisitions | $92.72M | ||
| YoY Change | |||
| Other Investing Activities | -$92.72M | ||
| YoY Change | |||
| Cash From Investing Activities | -$106.7M | -$2.250M | -$5.920M |
| YoY Change | 1701.93% | 99.33% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $0.00 | ||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 169.0K | 100.3M | 154.7M |
| YoY Change | -99.89% | 61784.0% | |
| NET CHANGE | |||
| Cash From Operating Activities | -5.003M | -3.770M | -6.350M |
| Cash From Investing Activities | -106.7M | -2.250M | -5.920M |
| Cash From Financing Activities | 169.0K | 100.3M | 154.7M |
| Net Change In Cash | -111.5M | 94.23M | 142.4M |
| YoY Change | -178.28% | 4863.07% | |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$5.003M | -$3.770M | -$6.350M |
| Capital Expenditures | -$13.95M | -$2.250M | -$5.920M |
| Free Cash Flow | $8.947M | -$1.520M | -$430.0K |
| YoY Change | -2180.7% | -105.02% |
Facts In Submission
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