2023 Q3 Form 10-Q Financial Statement

#000149028123000090 Filed on August 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $126.5M $129.1M
YoY Change -12.41% -15.73%
Cost Of Revenue $15.80M $16.14M
YoY Change -15.38% -16.11%
Gross Profit $110.7M $113.0M
YoY Change -11.97% -15.68%
Gross Profit Margin 87.51% 87.5%
Selling, General & Admin $80.02M $96.26M
YoY Change -32.9% -22.33%
% of Gross Profit 72.3% 85.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.50M $13.24M
YoY Change -15.0% -19.71%
% of Gross Profit 11.29% 11.72%
Operating Expenses $111.1M $117.8M
YoY Change -31.42% -41.22%
Operating Profit -$464.0K -$4.876M
YoY Change -98.72% -92.67%
Interest Expense $2.834M $5.494M
YoY Change -24.63% 71.37%
% of Operating Profit
Other Income/Expense, Net -$39.53M -$4.805M
YoY Change 67.9% -77.48%
Pretax Income -$39.99M -$9.681M
YoY Change -33.21% -88.98%
Income Tax $817.0K $2.323M
% Of Pretax Income
Net Earnings -$41.36M -$12.61M
YoY Change -26.44% -86.18%
Net Earnings / Revenue -32.7% -9.76%
Basic Earnings Per Share -$1.31 -$0.41
Diluted Earnings Per Share -$1.31 -$0.41
COMMON SHARES
Basic Shares Outstanding 31.25M shares 30.79M shares
Diluted Shares Outstanding 31.50M shares 31.02M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $86.10M $118.1M
YoY Change -72.05% -62.56%
Cash & Equivalents $86.10M $118.1M
Short-Term Investments
Other Short-Term Assets $4.927M $9.482M
YoY Change -40.35% 3.39%
Inventory
Prepaid Expenses $9.042M $11.77M
Receivables $34.89M $35.21M
Other Receivables $8.500M $6.990M
Total Short-Term Assets $169.4M $192.3M
YoY Change -58.0% -53.15%
LONG-TERM ASSETS
Property, Plant & Equipment $40.10M $49.50M
YoY Change -49.32% -48.64%
Goodwill $178.7M $178.7M
YoY Change 0.0% 0.0%
Intangibles $12.76M $14.57M
YoY Change -32.12% -29.8%
Long-Term Investments $93.70M $119.5M
YoY Change -21.62% 0.0%
Other Assets $15.86M $18.77M
YoY Change -46.11% -36.68%
Total Long-Term Assets $354.5M $394.9M
YoY Change -27.02% -21.94%
TOTAL ASSETS
Total Short-Term Assets $169.4M $192.3M
Total Long-Term Assets $354.5M $394.9M
Total Assets $523.9M $587.2M
YoY Change -41.07% -35.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.48M $20.12M
YoY Change -70.24% -27.91%
Accrued Expenses $203.9M $223.3M
YoY Change 2.82% 13.02%
Deferred Revenue
YoY Change
Short-Term Debt $46.70M $46.70M
YoY Change -57.55% -22.17%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $327.4M $364.2M
YoY Change -37.29% -26.27%
LONG-TERM LIABILITIES
Long-Term Debt $226.1M $225.7M
YoY Change 0.69% 0.68%
Other Long-Term Liabilities $16.57M $17.00M
YoY Change -45.77% -46.09%
Total Long-Term Liabilities $16.57M $17.00M
YoY Change -45.77% -46.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $327.4M $364.2M
Total Long-Term Liabilities $16.57M $17.00M
Total Liabilities $573.1M $612.1M
YoY Change -27.62% -22.95%
SHAREHOLDERS EQUITY
Retained Earnings -$1.478B -$1.436B
YoY Change 10.34% 11.95%
Common Stock $4.000K $4.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$49.44M -$25.02M
YoY Change
Total Liabilities & Shareholders Equity $523.9M $587.2M
YoY Change -41.07% -35.92%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$41.36M -$12.61M
YoY Change -26.44% -86.18%
Depreciation, Depletion And Amortization $12.50M $13.24M
YoY Change -15.0% -19.71%
Cash From Operating Activities -$13.90M -$42.31M
YoY Change -68.04% 40.14%
INVESTING ACTIVITIES
Capital Expenditures $5.400M $2.870M
YoY Change -160.83% -129.35%
Acquisitions
YoY Change
Other Investing Activities $0.00 $387.0K
YoY Change
Cash From Investing Activities -$5.500M -$2.483M
YoY Change -38.04% -74.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.100M -2.939M
YoY Change -97.75% -93.22%
NET CHANGE
Cash From Operating Activities -13.90M -42.31M
Cash From Investing Activities -5.500M -2.483M
Cash From Financing Activities 1.100M -2.939M
Net Change In Cash -18.30M -47.73M
YoY Change 414.19% -42.71%
FREE CASH FLOW
Cash From Operating Activities -$13.90M -$42.31M
Capital Expenditures $5.400M $2.870M
Free Cash Flow -$19.30M -$45.18M
YoY Change -44.25% 121.33%

Facts In Submission

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