2019 Q2 Form 10-Q Financial Statement
#000156459019029455 Filed on August 06, 2019
Income Statement
Concept | 2019 Q2 | 2018 Q2 | 2018 Q1 |
---|---|---|---|
Revenue | $163.3M | $122.6M | $114.6M |
YoY Change | 33.19% | 37.58% | 39.27% |
Cost Of Revenue | $31.14M | $24.85M | $22.38M |
YoY Change | 25.31% | 33.67% | 31.07% |
Gross Profit | $132.1M | $97.73M | $92.18M |
YoY Change | 35.19% | 38.61% | 41.42% |
Gross Profit Margin | 80.92% | 79.73% | 80.47% |
Selling, General & Admin | $107.4M | $83.30M | $77.15M |
YoY Change | 28.93% | 27.76% | 28.99% |
% of Gross Profit | 81.29% | 85.24% | 83.7% |
Research & Development | $40.50M | $28.49M | $26.35M |
YoY Change | 42.18% | 79.15% | 97.1% |
% of Gross Profit | 30.66% | 29.15% | 28.59% |
Depreciation & Amortization | $7.000M | $5.400M | $5.110M |
YoY Change | 29.63% | 45.95% | 53.5% |
% of Gross Profit | 5.3% | 5.53% | 5.54% |
Operating Expenses | $147.9M | $28.49M | $103.5M |
YoY Change | 419.22% | -64.88% | 41.44% |
Operating Profit | -$15.79M | $69.24M | -$11.32M |
YoY Change | -122.8% | -753.33% | 41.55% |
Interest Expense | -$200.0K | -$3.200M | $5.174M |
YoY Change | -93.75% | 52.38% | 9850.0% |
% of Operating Profit | -4.62% | ||
Other Income/Expense, Net | -$700.0K | -$500.0K | -$3.633M |
YoY Change | 40.0% | 400.0% | -3053.66% |
Pretax Income | -$16.60M | -$17.80M | -$14.96M |
YoY Change | -6.74% | 39.06% | 89.88% |
Income Tax | $700.0K | $400.0K | $491.0K |
% Of Pretax Income | |||
Net Earnings | -$17.36M | -$18.23M | -$15.45M |
YoY Change | -4.76% | 91.42% | 91.31% |
Net Earnings / Revenue | -10.63% | -14.87% | -13.49% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$413.3K | -$474.0K | -$407.4K |
COMMON SHARES | |||
Basic Shares Outstanding | 42.13M | 38.35M | 37.83M |
Diluted Shares Outstanding | 42.13M | 38.35M | 37.83M |
Balance Sheet
Concept | 2019 Q2 | 2018 Q2 | 2018 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $955.2M | $550.3M | $529.4M |
YoY Change | 73.58% | 11.76% | 331.11% |
Cash & Equivalents | $238.1M | $98.43M | $154.0M |
Short-Term Investments | $717.1M | $451.8M | $375.4M |
Other Short-Term Assets | $54.70M | $43.30M | $35.90M |
YoY Change | 26.33% | 32.01% | 62.44% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $73.00M | $53.50M | $54.20M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $1.083B | $647.0M | $619.5M |
YoY Change | 67.37% | 14.76% | 244.55% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $58.47M | $49.30M | $47.70M |
YoY Change | 18.6% | 31.12% | 37.46% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $38.60M | $16.40M | $28.10M |
YoY Change | 135.37% | -60.86% | -25.66% |
Other Assets | $26.70M | $19.50M | $16.50M |
YoY Change | 36.92% | 191.04% | 170.49% |
Total Long-Term Assets | $380.6M | $117.8M | $123.5M |
YoY Change | 223.09% | 13.6% | 29.35% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.083B | $647.0M | $619.5M |
Total Long-Term Assets | $380.6M | $117.8M | $123.5M |
Total Assets | $1.464B | $764.8M | $743.0M |
YoY Change | 91.36% | 14.58% | 169.91% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $13.30M | $5.700M | $5.200M |
YoY Change | 133.33% | 96.55% | 59.66% |
Accrued Expenses | $64.00M | $40.60M | $38.70M |
YoY Change | 57.64% | 1.5% | 43.87% |
Deferred Revenue | $151.9M | ||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $100.0K | ||
YoY Change | |||
Total Short-Term Liabilities | $272.9M | $198.2M | $192.4M |
YoY Change | 37.66% | 28.98% | 41.85% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $329.5M | $308.4M | $303.4M |
YoY Change | 6.84% | 6.68% | 101033.33% |
Other Long-Term Liabilities | $243.0M | $30.50M | $26.20M |
YoY Change | 696.72% | 45.24% | 74.67% |
Total Long-Term Liabilities | $572.5M | $338.9M | $329.6M |
YoY Change | 68.93% | 9.29% | 2054.25% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $272.9M | $198.2M | $192.4M |
Total Long-Term Liabilities | $572.5M | $338.9M | $329.6M |
Total Liabilities | $845.3M | $537.2M | $521.9M |
YoY Change | 57.35% | 15.83% | 245.86% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | |||
YoY Change | |||
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $618.1M | $227.6M | $221.1M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.464B | $764.8M | $743.0M |
YoY Change | 91.36% | 14.58% | 169.89% |
Cashflow Statement
Concept | 2019 Q2 | 2018 Q2 | 2018 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$17.36M | -$18.23M | -$15.45M |
YoY Change | -4.76% | 91.42% | 91.31% |
Depreciation, Depletion And Amortization | $7.000M | $5.400M | $5.110M |
YoY Change | 29.63% | 45.95% | 53.5% |
Cash From Operating Activities | $13.70M | $13.50M | $26.72M |
YoY Change | 1.48% | 55.17% | 39.91% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$10.30M | -$8.200M | $6.239M |
YoY Change | 25.61% | 17.14% | 6.92% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$52.80M | -$63.10M | $45.10M |
YoY Change | -16.32% | -76.48% | -9120.0% |
Cash From Investing Activities | -$63.10M | -$71.40M | $36.26M |
YoY Change | -11.62% | -74.06% | -553.24% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 3.200M | 3.600M | 3.557M |
YoY Change | -11.11% | -99.03% | 22.66% |
NET CHANGE | |||
Cash From Operating Activities | 13.70M | 13.50M | 26.72M |
Cash From Investing Activities | -63.10M | -71.40M | 36.26M |
Cash From Financing Activities | 3.200M | 3.600M | 3.557M |
Net Change In Cash | -46.20M | -54.30M | 67.22M |
YoY Change | -14.92% | -151.86% | 362.24% |
FREE CASH FLOW | |||
Cash From Operating Activities | $13.70M | $13.50M | $26.72M |
Capital Expenditures | -$10.30M | -$8.200M | $6.239M |
Free Cash Flow | $24.00M | $21.70M | $20.48M |
YoY Change | 10.6% | 38.22% | 54.41% |
Facts In Submission
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CY2019Q2 | us-gaap |
Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
|
108000 | |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
37360000 | |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
40520000 | |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
40417000 | |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
40063000 | |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
197934000 | |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
370395000 | |
CY2019Q2 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
108000 | |
CY2019Q2 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
108000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
27755000 | |
CY2018Q4 | us-gaap |
Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
|
298000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
33769000 | |
CY2018Q4 | us-gaap |
Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
|
33000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
35414000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
35314000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
35686000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
184341000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
352279000 | |
CY2018Q4 | us-gaap |
Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
|
331000 | |
CY2018Q4 | us-gaap |
Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
|
20000 | |
CY2018Q4 | us-gaap |
Capital Lease Obligations
CapitalLeaseObligations
|
311000 | |
CY2019Q1 | hubs |
Lessee Operating Lease Date Of Maturity Month And Year
LesseeOperatingLeaseDateOfMaturityMonthAndYear
|
2023-06 | |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
244641000 | |
CY2019Q1 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
1162000 | |
CY2019Q1 | hubs |
Stock Issuance Costs
StockIssuanceCosts
|
365000 | |
CY2019Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
342630000 | |
CY2019Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
21548000 | |
CY2019Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-304000 | |
CY2019Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
113000 | |
CY2019Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
426000 | |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11100000 | |
CY2019Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
599003000 | |
CY2019Q2 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
6595000 | |
CY2019Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
29061000 | |
CY2019Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
254000 | |
CY2019Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
156000 | |
CY2019Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
588000 | |
CY2019Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-17357000 | |
CY2019Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
618144000 | |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
210360000 | |
CY2018Q1 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
3878000 | |
CY2018Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
16596000 | |
CY2018Q1 | hubs |
Cumulative Adjustment From Adoption Of Revenue Recognition Standard
CumulativeAdjustmentFromAdoptionOfRevenueRecognitionStandard
|
5793000 | |
CY2018Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
298000 | |
CY2018Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
20000 | |
CY2018Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-379000 | |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-15448000 | |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
221098000 | |
CY2018Q2 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
5138000 | |
CY2018Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
20471000 | |
CY2018Q2 | hubs |
Cumulative Adjustment From Adoption Of Revenue Recognition Standard
CumulativeAdjustmentFromAdoptionOfRevenueRecognitionStandard
|
-267000 | |
CY2018Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-720000 | |
CY2018Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
56000 | |
CY2018Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
144000 | |
CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18225000 | |
CY2018Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
227639000 | |
us-gaap |
Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
|
964000 | ||
CY2019Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
28663000 | |
CY2018Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
19675000 | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
49869000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
35721000 | ||
CY2019Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
28663000 | |
CY2018Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
19675000 | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
49869000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
35721000 | ||
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | ||
CY2019Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
163255000 | |
CY2018Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
122576000 | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
315053000 | ||
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
237132000 | ||
CY2019Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
58471000 | |
CY2018Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
52468000 |