2023 Q3 Form 10-Q Financial Statement

#000156189423000096 Filed on August 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $89.85M $74.33M $62.80M
YoY Change 49.38% 18.36% 6.64%
Cost Of Revenue $43.30M $39.90M $28.83M
YoY Change 46.5% 38.42% -57.64%
Gross Profit $46.56M $34.43M $33.98M
YoY Change 52.19% 1.34% -20.14%
Gross Profit Margin 51.82% 46.32% 54.1%
Selling, General & Admin $23.00M $23.96M $29.65M
YoY Change 9.09% -19.21% -20.88%
% of Gross Profit 49.4% 69.58% 87.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $890.0K $936.0K $938.0K
YoY Change -12.14% -0.21% -1.16%
% of Gross Profit 1.91% 2.72% 2.76%
Operating Expenses $32.79M $24.76M $37.72M
YoY Change 76.1% -34.35% -3.02%
Operating Profit $13.77M $9.668M -$3.742M
YoY Change 15.0% -358.36% -202.52%
Interest Expense $43.30M $39.90M -$19.59M
YoY Change 46.48% -303.74% -148.4%
% of Operating Profit 314.42% 412.73%
Other Income/Expense, Net $1.000K
YoY Change
Pretax Income $16.52M $11.92M -$23.33M
YoY Change -61.16% -151.1% -204.19%
Income Tax -$5.000M -$2.000M -$4.789M
% Of Pretax Income -30.27% -16.78%
Net Earnings $21.40M $13.50M -$18.45M
YoY Change -37.97% -173.17% -215.31%
Net Earnings / Revenue 23.82% 18.16% -29.38%
Basic Earnings Per Share $0.20 $0.14 -$0.21
Diluted Earnings Per Share $0.20 $0.14 -$211.9K
COMMON SHARES
Basic Shares Outstanding 107.3M shares 91.86M shares 86.92M shares
Diluted Shares Outstanding 109.1M shares 99.99M shares 87.05M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $155.5M $126.9M $279.5M
YoY Change -43.0% -54.59% -52.08%
Cash & Equivalents $156.0M $127.0M $279.5M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $265.5M $228.7M $464.3M
YoY Change -32.45% -50.74% -35.8%
LONG-TERM ASSETS
Property, Plant & Equipment $111.2M $351.5M $359.1M
YoY Change -68.97% -2.13% 0.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.564B $2.299B $2.125B
YoY Change 33.4% 8.17% 42.73%
Other Assets $14.00M $25.00K $25.00M
YoY Change -44.0% -99.9% 96053.85%
Total Long-Term Assets $5.643B $5.147B $4.055B
YoY Change 37.46% 26.93% 26.22%
TOTAL ASSETS
Total Short-Term Assets $265.5M $228.7M $464.3M
Total Long-Term Assets $5.643B $5.147B $4.055B
Total Assets $5.908B $5.375B $4.519B
YoY Change 31.35% 18.95% 14.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $150.6M $114.4M $105.2M
YoY Change 26.92% 8.79% 38.76%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $150.6M $114.4M $105.2M
YoY Change 26.92% 8.79% 38.76%
LONG-TERM LIABILITIES
Long-Term Debt $3.658B $3.267B $2.822B
YoY Change 34.07% 15.75% 11.24%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $3.658B $3.267B $2.822B
YoY Change 34.07% 15.75% 11.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $150.6M $114.4M $105.2M
Total Long-Term Liabilities $3.658B $3.267B $2.822B
Total Liabilities $3.808B $3.381B $2.961B
YoY Change 33.77% 14.2% 13.32%
SHAREHOLDERS EQUITY
Retained Earnings -$348.9M -$326.4M
YoY Change 50.78%
Common Stock $2.355B $2.284B
YoY Change 26.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.053B $1.950B $1.558B
YoY Change
Total Liabilities & Shareholders Equity $5.908B $5.375B $4.519B
YoY Change 31.35% 18.95% 14.83%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income $21.40M $13.50M -$18.45M
YoY Change -37.97% -173.17% -215.31%
Depreciation, Depletion And Amortization $890.0K $936.0K $938.0K
YoY Change -12.14% -0.21% -1.16%
Cash From Operating Activities $26.61M $16.92M $5.053M
YoY Change -70.71% 234.89% -68.39%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$730.8M -$239.7M -$160.1M
YoY Change -43520.68% 49.75% 54.42%
Cash From Investing Activities -$730.8M -$239.7M -$160.1M
YoY Change -43520.68% 49.75% 54.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 721.9M 210.3M 304.0M
YoY Change -832.61% -30.82% -31.52%
NET CHANGE
Cash From Operating Activities 26.61M 16.92M 5.053M
Cash From Investing Activities -730.8M -239.7M -160.1M
Cash From Financing Activities 721.9M 210.3M 304.0M
Net Change In Cash 17.75M -12.42M 149.0M
YoY Change -396.28% -108.34% -58.18%
FREE CASH FLOW
Cash From Operating Activities $26.61M $16.92M $5.053M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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