2024 Q4 Form 10-Q Financial Statement

#000162828024047606 Filed on November 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q4
Revenue $28.65M $93.11M
YoY Change
Cost Of Revenue $17.41M $54.83M
YoY Change
Gross Profit $11.24M $38.28M
YoY Change
Gross Profit Margin 39.23% 41.11%
Selling, General & Admin $83.04M $362.6M
YoY Change
% of Gross Profit 738.82% 947.18%
Research & Development $78.23M $338.7M
YoY Change
% of Gross Profit 696.01% 884.96%
Depreciation & Amortization $33.47M $154.4M
YoY Change
% of Gross Profit 297.8% 403.29%
Operating Expenses $194.7M $835.2M
YoY Change
Operating Profit -$183.5M -$796.9M
YoY Change
Interest Expense $11.66M $7.954M
YoY Change
% of Operating Profit
Other Income/Expense, Net $11.10M -$208.0K
YoY Change
Pretax Income -$172.4M -$1.508B
YoY Change
Income Tax -$46.72M -$41.95M
% Of Pretax Income
Net Earnings -$125.7M -$1.466B
YoY Change -34.89%
Net Earnings / Revenue -438.67% -1574.23%
Basic Earnings Per Share -$3.94 -$28.71
Diluted Earnings Per Share -$3.94 -$55.20
COMMON SHARES
Basic Shares Outstanding 33.60M shares 31.05M shares 31.05M shares
Diluted Shares Outstanding 31.88M shares 31.05M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $853.6M
YoY Change
Cash & Equivalents $853.6M $97.29M
Short-Term Investments
Other Short-Term Assets $19.72M
YoY Change
Inventory
Prepaid Expenses
Receivables $15.21M
Other Receivables $21.21M
Total Short-Term Assets $909.7M $156.1M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $144.5M
YoY Change
Goodwill $0.00 $888.9M
YoY Change
Intangibles $2.051B $2.687B
YoY Change
Long-Term Investments
YoY Change
Other Assets $8.356M $7.984M
YoY Change
Total Long-Term Assets $2.208B $3.758B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $909.7M $156.1M
Total Long-Term Assets $2.208B $3.758B
Total Assets $3.118B $3.914B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.321M
YoY Change
Accrued Expenses $69.01M $73.71M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $94.27M $163.6M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $2.261M $1.498M
YoY Change
Total Long-Term Liabilities $2.261M $1.498M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $94.27M $163.6M
Total Long-Term Liabilities $2.261M $1.498M
Total Liabilities $530.3M $267.6M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$9.706B -$7.776B
YoY Change
Common Stock $33.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.588B
YoY Change
Total Liabilities & Shareholders Equity $3.118B $3.914B
YoY Change

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q4
OPERATING ACTIVITIES
Net Income -$125.7M -$1.466B
YoY Change -34.89%
Depreciation, Depletion And Amortization $33.47M $154.4M
YoY Change
Cash From Operating Activities -$104.6M -$494.3M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures $971.0K $11.67M
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$971.0K -$83.36M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 231.3M
YoY Change
NET CHANGE
Cash From Operating Activities -104.6M -494.3M
Cash From Investing Activities -971.0K -83.36M
Cash From Financing Activities 0.000 231.3M
Net Change In Cash -105.6M -346.4M
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$104.6M -$494.3M
Capital Expenditures $971.0K $11.67M
Free Cash Flow -$105.6M -$506.0M
YoY Change

Facts In Submission

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CY2024Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2024Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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