2023 Q1 Form 10-Q Financial Statement

#000171658323000150 Filed on June 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4
Revenue $0.00 $787.0K
YoY Change -100.0% -84.53%
Cost Of Revenue $838.0K $13.09M
YoY Change 97.64% -35.25%
Gross Profit -$838.0K -$12.31M
YoY Change 1132.35% -18.69%
Gross Profit Margin -1563.79%
Selling, General & Admin $30.86M $38.15M
YoY Change 50.74% 137.54%
% of Gross Profit
Research & Development $9.340M $12.47M
YoY Change 50.35% 65.81%
% of Gross Profit
Depreciation & Amortization $1.100M $1.259M
YoY Change 83.33% 82.46%
% of Gross Profit
Operating Expenses $41.04M $50.63M
YoY Change 51.39% 114.66%
Operating Profit -$41.04M -$62.93M
YoY Change 53.4% 62.53%
Interest Expense $2.566M $7.915M
YoY Change 14994.12% -723.72%
% of Operating Profit
Other Income/Expense, Net $10.78M $6.184M
YoY Change -33.7% -18.09%
Pretax Income -$30.26M -$48.83M
YoY Change 188.28% 50.54%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$30.25M -$42.87M
YoY Change 233.68% 49.72%
Net Earnings / Revenue -5446.89%
Basic Earnings Per Share -$0.12
Diluted Earnings Per Share -$0.12 -$0.17
COMMON SHARES
Basic Shares Outstanding 244.6M shares
Diluted Shares Outstanding 244.5M shares

Balance Sheet

Concept 2023 Q1 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $209.0M $255.3M
YoY Change -48.69% -42.64%
Cash & Equivalents $101.6M $60.60M
Short-Term Investments $107.4M $194.8M
Other Short-Term Assets $2.575M $1.877M
YoY Change -49.92% -24.22%
Inventory $42.13M $35.55M
Prepaid Expenses
Receivables $1.292M $29.00K
Other Receivables $6.995M $6.578M
Total Short-Term Assets $271.9M $312.9M
YoY Change -41.47% -36.83%
LONG-TERM ASSETS
Property, Plant & Equipment $22.58M $22.42M
YoY Change 23.73% 56.66%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $15.03M $15.03M
YoY Change -14.01% 203.76%
Other Assets $13.33M $15.41M
YoY Change 116.92% 183.81%
Total Long-Term Assets $59.89M $62.04M
YoY Change 13.33% 77.5%
TOTAL ASSETS
Total Short-Term Assets $271.9M $312.9M
Total Long-Term Assets $59.89M $62.04M
Total Assets $331.8M $374.9M
YoY Change -35.88% -29.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.04M $13.80M
YoY Change 102.1% 63.68%
Accrued Expenses $16.29M $25.59M
YoY Change 80.32% 324.61%
Deferred Revenue $5.200M $3.900M
YoY Change -53.0% -65.27%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $40.42M $45.87M
YoY Change 29.99% 46.99%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $1.666M $1.901M
YoY Change 34.03% 46.68%
Total Long-Term Liabilities $1.666M $1.901M
YoY Change 34.03% 46.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $40.42M $45.87M
Total Long-Term Liabilities $1.666M $1.901M
Total Liabilities $54.77M $67.84M
YoY Change -64.96% -57.69%
SHAREHOLDERS EQUITY
Retained Earnings -$88.80M -$58.60M
YoY Change 138.71% 108.54%
Common Stock $25.00K $25.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $277.7M $307.8M
YoY Change
Total Liabilities & Shareholders Equity $331.8M $374.9M
YoY Change -35.88% -29.29%

Cashflow Statement

Concept 2023 Q1 2022 Q4
OPERATING ACTIVITIES
Net Income -$30.25M -$42.87M
YoY Change 233.68% 49.72%
Depreciation, Depletion And Amortization $1.100M $1.259M
YoY Change 83.33% 82.46%
Cash From Operating Activities -$46.00M -$32.88M
YoY Change 57.53% -15.6%
INVESTING ACTIVITIES
Capital Expenditures $1.242M $2.813M
YoY Change -72.03% -146.7%
Acquisitions
YoY Change
Other Investing Activities $87.81M $37.25M
YoY Change -38115.31%
Cash From Investing Activities $86.35M $34.44M
YoY Change -1888.85% -662.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$200.0K -10.35M
YoY Change -94.1% 39.55%
NET CHANGE
Cash From Operating Activities -$46.00M -32.88M
Cash From Investing Activities $86.35M 34.44M
Cash From Financing Activities -$200.0K -10.35M
Net Change In Cash $39.30M -8.786M
YoY Change -205.75% -83.26%
FREE CASH FLOW
Cash From Operating Activities -$46.00M -$32.88M
Capital Expenditures $1.242M $2.813M
Free Cash Flow -$47.24M -$35.69M
YoY Change 40.43% 8.38%

Facts In Submission

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