2020 Q2 Form 10-Q Financial Statement

#000156459020036906 Filed on August 05, 2020

View on sec.gov

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%

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Files In Submission

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0001564590-20-036906.txt Edgar Link pending
0001564590-20-036906-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
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