2017 Q3 Form 10-Q Financial Statement

#000156459017022217 Filed on November 07, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3 2016 Q1
Revenue $8.000K $12.00K $6.000K
YoY Change -33.33% 20.0% -95.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $13.48M $24.42M $26.67M
YoY Change -44.8% -41.59% -15.66%
% of Gross Profit
Research & Development $10.37M $8.360M $4.955M
YoY Change 24.04% 111.65% 725.83%
% of Gross Profit
Depreciation & Amortization $900.0K $300.0K $485.0K
YoY Change 200.0% -3100.0% 1765.38%
% of Gross Profit
Operating Expenses $24.45M $32.79M $31.62M
YoY Change -25.43% -29.44% -1.86%
Operating Profit -$24.44M -$32.78M -$31.62M
YoY Change -25.42% -29.45% -1.51%
Interest Expense $393.0K $29.00K $0.00
YoY Change 1255.17% -100.0%
% of Operating Profit
Other Income/Expense, Net $87.00K $826.0K $796.0K
YoY Change -89.47% 469.66% -206.56%
Pretax Income -$24.07M -$31.95M -$30.82M
YoY Change -24.66% -31.01% -6.17%
Income Tax -$100.0K -$52.00K -$143.0K
% Of Pretax Income
Net Earnings -$23.97M -$31.90M -$30.68M
YoY Change -24.86% -31.13% -6.61%
Net Earnings / Revenue -299612.5% -265808.33% -511283.33%
Basic Earnings Per Share
Diluted Earnings Per Share -$301.7K -$388.3K -$376.1K
COMMON SHARES
Basic Shares Outstanding 81.93M
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q3 2016 Q3 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $152.3M $209.3M $221.8M
YoY Change -27.23% -41.63% 344.49%
Cash & Equivalents $11.20M $31.40M $63.25M
Short-Term Investments $131.3M $177.9M $158.5M
Other Short-Term Assets $286.0K $252.0K $190.0K
YoY Change 13.49% -85.18% 90.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $156.9M $214.5M $225.5M
YoY Change -26.85% -40.46% 351.0%
LONG-TERM ASSETS
Property, Plant & Equipment $74.50M $16.48M $8.200M
YoY Change 352.2% 1065.13% 4000.0%
Goodwill
YoY Change
Intangibles $5.948M
YoY Change -16.97%
Long-Term Investments $42.70M $94.70M $116.2M
YoY Change -54.91%
Other Assets $300.0K $862.0K $200.0K
YoY Change -65.2% -34.99% -33.33%
Total Long-Term Assets $120.8M $117.9M $131.9M
YoY Change 2.45% 1090.54% 1451.76%
TOTAL ASSETS
Total Short-Term Assets $156.9M $214.5M $225.5M
Total Long-Term Assets $120.8M $117.9M $131.9M
Total Assets $277.7M $332.4M $357.4M
YoY Change -16.46% -10.21% 510.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.500M $2.245M $1.100M
YoY Change 323.16% -54.62% -8.33%
Accrued Expenses $15.80M $5.910M $4.700M
YoY Change 167.34% 424.87% 1466.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $300.0K
YoY Change
Total Short-Term Liabilities $28.70M $10.20M $7.858M
YoY Change 181.37% 52.63% 202.23%
LONG-TERM LIABILITIES
Long-Term Debt $1.800M $2.400M $0.00
YoY Change -25.0%
Other Long-Term Liabilities $8.900M $22.00K $4.000M
YoY Change 40354.55% -96.33% 700.0%
Total Long-Term Liabilities $10.70M $22.00K $4.000M
YoY Change 48536.36% -96.33% 700.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.70M $10.20M $7.858M
Total Long-Term Liabilities $10.70M $22.00K $4.000M
Total Liabilities $40.00M $21.52M $12.93M
YoY Change 85.87% 196.42% 317.03%
SHAREHOLDERS EQUITY
Retained Earnings -$358.9M $31.00M
YoY Change 107.78%
Common Stock $669.6M $625.2M
YoY Change 25.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $237.7M $310.9M $344.5M
YoY Change
Total Liabilities & Shareholders Equity $277.7M $332.4M $357.4M
YoY Change -16.46% -10.21% 510.99%

Cashflow Statement

Concept 2017 Q3 2016 Q3 2016 Q1
OPERATING ACTIVITIES
Net Income -$23.97M -$31.90M -$30.68M
YoY Change -24.86% -31.13% -6.61%
Depreciation, Depletion And Amortization $900.0K $300.0K $485.0K
YoY Change 200.0% -3100.0% 1765.38%
Cash From Operating Activities -$10.13M -$10.68M -$8.860M
YoY Change -5.15% 154.29% 20.22%
INVESTING ACTIVITIES
Capital Expenditures -$10.71M -$3.080M $1.067M
YoY Change 247.73% 373.85% 2707.89%
Acquisitions
YoY Change
Other Investing Activities $17.68M $9.930M -$100.9M
YoY Change 78.05% 5441.21%
Cash From Investing Activities $6.960M $6.850M -$101.9M
YoY Change 1.61% -1153.85% 5379.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.550M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -14.95M -2.990M -1.890M
YoY Change 400.0% -101.23% 9350.0%
NET CHANGE
Cash From Operating Activities -10.13M -10.68M -8.860M
Cash From Investing Activities 6.960M 6.850M -101.9M
Cash From Financing Activities -14.95M -2.990M -1.890M
Net Change In Cash -18.12M -6.820M -112.7M
YoY Change 165.69% -102.86% 1117.95%
FREE CASH FLOW
Cash From Operating Activities -$10.13M -$10.68M -$8.860M
Capital Expenditures -$10.71M -$3.080M $1.067M
Free Cash Flow $580.0K -$7.600M -$9.927M
YoY Change -107.63% 114.08% 34.0%

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StockRepurchaseProgramAuthorizedAmount1
50000000
CY2017Q3 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
3072209
CY2016 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
2157944
nk Stock Repurchased And Retired During Period Value Before Commissions
StockRepurchasedAndRetiredDuringPeriodValueBeforeCommissions
12500000
CY2016 nk Stock Repurchased And Retired During Period Value Before Commissions
StockRepurchasedAndRetiredDuringPeriodValueBeforeCommissions
15800000
us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
100000
CY2017Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
21800000
CY2017Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8714000
CY2016Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18669000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
28113000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
62586000
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
31000000
CY2016Q1 nk Share Based Compensation Arrangement By Share Based Payment Award Accounting Policy Change Additional Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAccountingPolicyChangeAdditionalCompensationCost
27000000
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.00
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-13000
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
39000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
23000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
100000
CY2017Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
15000
CY2016Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-200000
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
43000
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
200000

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