2020 Q2 Form 10-Q Financial Statement
#000156459020036906 Filed on August 05, 2020
Income Statement
Concept | 2020 Q2 | 2019 Q2 | 2019 Q1 |
---|---|---|---|
Revenue | $203.6M | $163.3M | $151.8M |
YoY Change | 24.72% | 33.19% | 32.51% |
Cost Of Revenue | $38.78M | $31.14M | $29.58M |
YoY Change | 24.52% | 25.31% | 32.18% |
Gross Profit | $164.8M | $132.1M | $122.2M |
YoY Change | 24.77% | 35.19% | 32.59% |
Gross Profit Margin | 80.96% | 80.92% | 80.51% |
Selling, General & Admin | $129.1M | $107.4M | $96.10M |
YoY Change | 20.19% | 28.93% | 24.56% |
% of Gross Profit | 78.31% | 81.29% | 78.63% |
Research & Development | $49.37M | $40.50M | $35.20M |
YoY Change | 21.91% | 42.18% | 33.58% |
% of Gross Profit | 29.95% | 30.66% | 28.8% |
Depreciation & Amortization | $9.000M | $7.000M | $6.973M |
YoY Change | 28.57% | 29.63% | 36.46% |
% of Gross Profit | 5.46% | 5.3% | 5.71% |
Operating Expenses | $178.5M | $147.9M | $131.2M |
YoY Change | 20.66% | 419.22% | 26.76% |
Operating Profit | -$13.63M | -$15.79M | -$9.036M |
YoY Change | -13.69% | -122.8% | -20.2% |
Interest Expense | $16.81M | -$200.0K | $5.513M |
YoY Change | -8504.5% | -93.75% | 6.55% |
% of Operating Profit | |||
Other Income/Expense, Net | -$14.77M | -$700.0K | -$1.351M |
YoY Change | 2009.29% | 40.0% | -62.81% |
Pretax Income | -$28.39M | -$16.60M | -$10.39M |
YoY Change | 71.02% | -6.74% | -30.55% |
Income Tax | $1.011M | $700.0K | $713.0K |
% Of Pretax Income | |||
Net Earnings | -$29.40M | -$17.36M | -$11.10M |
YoY Change | 69.39% | -4.76% | -28.15% |
Net Earnings / Revenue | -14.44% | -10.63% | -7.31% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$666.7K | -$413.3K | -$273.4K |
COMMON SHARES | |||
Basic Shares Outstanding | 44.13M | 42.13M | 40.57M |
Diluted Shares Outstanding | 44.13M | 42.13M | 40.57M |
Balance Sheet
Concept | 2020 Q2 | 2019 Q2 | 2019 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.136B | $955.2M | $969.1M |
YoY Change | 18.94% | 73.58% | 83.06% |
Cash & Equivalents | $201.1M | $238.1M | $285.1M |
Short-Term Investments | $935.0M | $717.1M | $684.0M |
Other Short-Term Assets | $74.00M | $54.70M | $45.00M |
YoY Change | 35.28% | 26.33% | 25.35% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $86.20M | $73.00M | $69.20M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $1.296B | $1.083B | $1.084B |
YoY Change | 19.71% | 67.37% | 74.9% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $89.99M | $58.47M | $214.1M |
YoY Change | 53.91% | 18.6% | 348.85% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $61.10M | $38.60M | $14.50M |
YoY Change | 58.29% | 135.37% | -48.4% |
Other Assets | $31.70M | $26.70M | $25.60M |
YoY Change | 18.73% | 36.92% | 55.15% |
Total Long-Term Assets | $514.7M | $380.6M | $286.6M |
YoY Change | 35.23% | 223.09% | 132.06% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.296B | $1.083B | $1.084B |
Total Long-Term Assets | $514.7M | $380.6M | $286.6M |
Total Assets | $1.811B | $1.464B | $1.370B |
YoY Change | 23.74% | 91.36% | 84.4% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $10.80M | $13.30M | $14.90M |
YoY Change | -18.8% | 133.33% | 186.54% |
Accrued Expenses | $82.60M | $64.00M | $62.40M |
YoY Change | 29.06% | 57.64% | 61.24% |
Deferred Revenue | $191.2M | ||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $100.0K | $200.0K | |
YoY Change | |||
Total Short-Term Liabilities | $333.4M | $272.9M | $268.6M |
YoY Change | 22.17% | 37.66% | 39.6% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $467.5M | $329.5M | $324.0M |
YoY Change | 41.88% | 6.84% | 6.79% |
Other Long-Term Liabilities | $287.0M | $243.0M | $178.5M |
YoY Change | 18.11% | 696.72% | 581.3% |
Total Long-Term Liabilities | $754.5M | $572.5M | $502.5M |
YoY Change | 31.79% | 68.93% | 52.46% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $333.4M | $272.9M | $268.6M |
Total Long-Term Liabilities | $754.5M | $572.5M | $502.5M |
Total Liabilities | $1.088B | $845.3M | $771.1M |
YoY Change | 28.7% | 57.35% | 47.75% |
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 | $723.1M | $618.1M | $599.0M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.811B | $1.464B | $1.370B |
YoY Change | 23.74% | 91.36% | 84.4% |
Cashflow Statement
Concept | 2020 Q2 | 2019 Q2 | 2019 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$29.40M | -$17.36M | -$11.10M |
YoY Change | 69.39% | -4.76% | -28.15% |
Depreciation, Depletion And Amortization | $9.000M | $7.000M | $6.973M |
YoY Change | 28.57% | 29.63% | 36.46% |
Cash From Operating Activities | -$33.70M | $13.70M | $37.72M |
YoY Change | -345.99% | 1.48% | 41.14% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$14.20M | -$10.30M | $4.265M |
YoY Change | 37.86% | 25.61% | -31.64% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$190.1M | -$52.80M | -$203.0M |
YoY Change | 260.04% | -16.32% | -550.11% |
Cash From Investing Activities | -$204.3M | -$63.10M | -$210.1M |
YoY Change | 223.77% | -11.62% | -679.52% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $342.7M | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 207.7M | 3.200M | 347.2M |
YoY Change | 6390.63% | -11.11% | 9661.79% |
NET CHANGE | |||
Cash From Operating Activities | -33.70M | 13.70M | 37.72M |
Cash From Investing Activities | -204.3M | -63.10M | -210.1M |
Cash From Financing Activities | 207.7M | 3.200M | 347.2M |
Net Change In Cash | -30.30M | -46.20M | 174.0M |
YoY Change | -34.42% | -14.92% | 158.92% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$33.70M | $13.70M | $37.72M |
Capital Expenditures | -$14.20M | -$10.30M | $4.265M |
Free Cash Flow | -$19.50M | $24.00M | $33.45M |
YoY Change | -181.25% | 10.6% | 63.31% |
Facts In Submission
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723051000 | |
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 | |
CY2020Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
660973000 | |
CY2020Q2 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
11701000 | |
CY2020Q2 | hubs |
Payments For Capped Calls And Transactions Costs
PaymentsForCappedCallsAndTransactionsCosts
|
-50600000 | |
CY2020Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
31864000 | |
CY2020Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
1159000 | |
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 | |
us-gaap |
Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
|
797000 | ||
CY2020Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
31374000 | |
CY2019Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
28663000 | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
58837000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
49869000 | ||
CY2020Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
31374000 | |
CY2019Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
28663000 | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
58837000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
49869000 | ||
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | ||
CY2020Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
203608000 | |
CY2019Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
163255000 | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
402575000 | ||
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
315053000 | ||
CY2020Q2 | hubs |
Right Of Use Asset And Property Plant And Equipment Net
RightOfUseAssetAndPropertyPlantAndEquipmentNet
|
360455000 | |
CY2019Q4 | hubs |
Right Of Use Asset And Property Plant And Equipment Net
RightOfUseAssetAndPropertyPlantAndEquipmentNet
|
318039000 |