2022 Q1 Form 10-Q Financial Statement
#000149315222013941 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $37.49M | $27.84M |
| YoY Change | 34.67% | 263.0% |
| Cost Of Revenue | $11.70M | $8.720M |
| YoY Change | 34.17% | 237.98% |
| Gross Profit | $25.79M | $19.12M |
| YoY Change | 34.91% | 275.64% |
| Gross Profit Margin | 68.8% | 68.67% |
| Selling, General & Admin | $15.49M | $14.11M |
| YoY Change | 9.78% | 333.62% |
| % of Gross Profit | 60.05% | 73.8% |
| Research & Development | $8.954M | $4.850M |
| YoY Change | 84.62% | |
| % of Gross Profit | 34.71% | 25.37% |
| Depreciation & Amortization | $4.413M | $3.963M |
| YoY Change | 11.36% | 364.6% |
| % of Gross Profit | 17.11% | 20.73% |
| Operating Expenses | $28.86M | $14.11M |
| YoY Change | 104.51% | 333.62% |
| Operating Profit | -$3.063M | -$3.802M |
| YoY Change | -19.44% | -548.88% |
| Interest Expense | $9.000K | $0.00 |
| YoY Change | -100.0% | |
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$4.113M | -$3.800M |
| YoY Change | 8.24% | -712.9% |
| Income Tax | $386.0K | $661.0K |
| % Of Pretax Income | ||
| Net Earnings | -$4.499M | -$5.610M |
| YoY Change | -19.8% | -908.36% |
| Net Earnings / Revenue | -12.0% | -20.15% |
| Basic Earnings Per Share | -$0.11 | -$0.11 |
| Diluted Earnings Per Share | -$106.5K | -$0.11 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 42.25M shares | 41.99M shares |
| Diluted Shares Outstanding | 42.25M shares | 41.99M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $33.58M | $52.20M |
| YoY Change | -35.66% | 770.0% |
| Cash & Equivalents | $33.58M | $52.19M |
| Short-Term Investments | ||
| Other Short-Term Assets | $7.763M | $3.423M |
| YoY Change | 126.79% | 63.0% |
| Inventory | ||
| Prepaid Expenses | $2.800M | |
| Receivables | $7.840M | $11.90M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $49.19M | $70.35M |
| YoY Change | -30.09% | 290.85% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | ||
| YoY Change | ||
| Goodwill | $152.7M | |
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $9.691M | $3.926M |
| YoY Change | 146.84% | 3826.0% |
| Total Long-Term Assets | $201.5M | $208.6M |
| YoY Change | -3.42% | 3109.98% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $49.19M | $70.35M |
| Total Long-Term Assets | $201.5M | $208.6M |
| Total Assets | $250.7M | $279.0M |
| YoY Change | -10.15% | 1038.78% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $5.775M | $4.329M |
| YoY Change | 33.4% | -33.4% |
| Accrued Expenses | $12.27M | $4.414M |
| YoY Change | 178.07% | |
| Deferred Revenue | $891.0K | |
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $30.02M | $25.73M |
| YoY Change | 16.69% | 182.75% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Other Long-Term Liabilities | $1.880M | $559.0K |
| YoY Change | 236.31% | |
| Total Long-Term Liabilities | $1.880M | $559.0K |
| YoY Change | 236.31% | 11.8% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $30.02M | $25.73M |
| Total Long-Term Liabilities | $1.880M | $559.0K |
| Total Liabilities | $33.66M | $28.46M |
| YoY Change | 18.28% | 196.42% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$50.23M | |
| YoY Change | ||
| Common Stock | $419.0K | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $217.0M | $249.4M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $250.7M | $279.0M |
| YoY Change | -10.15% | 1038.78% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$4.499M | -$5.610M |
| YoY Change | -19.8% | -908.36% |
| Depreciation, Depletion And Amortization | $4.413M | $3.963M |
| YoY Change | 11.36% | 364.6% |
| Cash From Operating Activities | -$2.024M | -$4.145M |
| YoY Change | -51.17% | 188.05% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$3.988M | $426.0K |
| YoY Change | -1036.15% | -2.52% |
| Acquisitions | $92.40M | |
| YoY Change | ||
| Other Investing Activities | $0.00 | -$92.40M |
| YoY Change | -100.0% | |
| Cash From Investing Activities | -$3.988M | -$95.02M |
| YoY Change | -95.8% | 9685.48% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -$289.0K | |
| YoY Change | -66.63% | |
| NET CHANGE | ||
| Cash From Operating Activities | -2.024M | -$4.145M |
| Cash From Investing Activities | -3.988M | -$95.02M |
| Cash From Financing Activities | -$289.0K | |
| Net Change In Cash | $0.00 | -$100.5M |
| YoY Change | -100.0% | 2335.02% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$2.024M | -$4.145M |
| Capital Expenditures | -$3.988M | $426.0K |
| Free Cash Flow | $1.964M | -$4.571M |
| YoY Change | -142.97% | 143.66% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | GAN |
Segment Gross Profit
SegmentGrossProfit
|
25794000 | USD |
| CY2021Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
USD | |
| CY2022Q1 | GAN |
Stock Issued During Period Value Restricted Stock Units
StockIssuedDuringPeriodValueRestrictedStockUnits
|
USD | |
| CY2021Q1 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
USD | |
| CY2022Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
USD | |
| CY2022Q1 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
USD | |
| CY2022Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
USD | |
| CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
USD | |
| CY2022Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
||
| CY2021Q1 | GAN |
Restructuring Expenses
RestructuringExpenses
|
USD | |
| CY2022Q1 | us-gaap |
Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
|
11700000 | USD |
| CY2021Q1 | us-gaap |
Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
|
8719000 | USD |
| CY2022Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
9392000 | USD |
| CY2021Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
10009000 | USD |
| CY2022Q1 | us-gaap |
Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
|
11700000 | USD |
| CY2021Q1 | us-gaap |
Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
|
8719000 | USD |
| CY2021Q1 | GAN |
Segment Gross Profit
SegmentGrossProfit
|
18399000 | USD |
| CY2022Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
9392000 | USD |
| CY2021Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
10009000 | USD |
