2022 Form 10-K Financial Statement

#000176401322000059 Filed on June 08, 2022

View on sec.gov

Income Statement

Concept 2022 2021 Q1 2021
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $54.23M $10.30M $39.51M
YoY Change 37.24% 62.97% 117.69%
% of Gross Profit
Research & Development $101.8M $18.62M $68.60M
YoY Change 48.4% 31.4% 43.14%
% of Gross Profit
Depreciation & Amortization $126.0K $30.00K $65.00K
YoY Change 93.85% 209.52%
% of Gross Profit
Operating Expenses $156.0M $28.92M $108.1M
YoY Change 44.32% 41.21% 63.62%
Operating Profit
YoY Change
Interest Expense $0.00 $0.00
YoY Change -100.0%
% of Operating Profit
Other Income/Expense, Net -$781.0K $680.0K $328.0K
YoY Change -338.11% -623.08% -20.39%
Pretax Income -$156.8M -$28.24M -$107.8M
YoY Change 45.48% 37.02% 62.6%
Income Tax -$84.00K -$80.00K -$358.0K
% Of Pretax Income
Net Earnings -$156.7M -$28.16M -$107.4M
YoY Change 45.89% 37.03% 61.82%
Net Earnings / Revenue
Basic Earnings Per Share -$1.43 -$1.22
Diluted Earnings Per Share -$1.43 -$288.0K -$1.22
COMMON SHARES
Basic Shares Outstanding 109.7M shares 97.97M shares 87.76M shares
Diluted Shares Outstanding 109.7M shares 87.76M shares

Balance Sheet

Concept 2022 2021 Q1 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $493.8M $400.1M $400.1M
YoY Change 23.42% 297.71% 297.71%
Cash & Equivalents $400.1M
Short-Term Investments
Other Short-Term Assets $6.253M $8.300M $8.300M
YoY Change -24.66% 50.91% 50.91%
Inventory
Prepaid Expenses $7.716M
Receivables $12.23M $596.0K
Other Receivables $632.0K
Total Short-Term Assets $512.9M $409.0M $409.0M
YoY Change 25.41% 274.97% 274.89%
LONG-TERM ASSETS
Property, Plant & Equipment $2.633M $201.0K $3.500M
YoY Change -24.77% 209.23% 3400.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Assets $2.633M $3.483M $3.500M
YoY Change -24.77% 1019.94% 1066.67%
TOTAL ASSETS
Total Short-Term Assets $512.9M $409.0M $409.0M
Total Long-Term Assets $2.633M $3.483M $3.500M
Total Assets $515.6M $412.5M $412.5M
YoY Change 24.99% 277.09% 277.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.63M $2.432M $2.400M
YoY Change 676.21% 104.37% 100.0%
Accrued Expenses $25.72M $15.16M $16.30M
YoY Change 57.79% 38.6% 49.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $44.52M $18.77M $18.80M
YoY Change 136.81% 22.54% 22.88%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.219M $2.200M $2.200M
YoY Change -44.59%
Total Long-Term Liabilities $1.219M $2.200M $2.200M
YoY Change -44.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $44.52M $18.77M $18.80M
Total Long-Term Liabilities $1.219M $2.200M $2.200M
Total Liabilities $45.74M $21.01M $21.00M
YoY Change 117.8% 37.15% 37.25%
SHAREHOLDERS EQUITY
Retained Earnings -$198.7M
YoY Change 117.76%
Common Stock $10.00K
YoY Change 100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $469.8M $391.5M $391.5M
YoY Change
Total Liabilities & Shareholders Equity $515.6M $412.5M $412.5M
YoY Change 24.99% 277.09% 277.06%

Cashflow Statement

Concept 2022 2021 Q1 2021
OPERATING ACTIVITIES
Net Income -$156.7M -$28.16M -$107.4M
YoY Change 45.89% 37.03% 61.82%
Depreciation, Depletion And Amortization $126.0K $30.00K $65.00K
YoY Change 93.85% 209.52%
Cash From Operating Activities -$106.1M -$22.50M -$83.33M
YoY Change 27.34% -2.39% 56.17%
INVESTING ACTIVITIES
Capital Expenditures $254.0K -$90.00K $210.0K
YoY Change 20.95% 800.0% 577.42%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$254.0K -$90.00K -$210.0K
YoY Change 20.95% 800.0% 577.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $200.1M 760.0K $383.1M
YoY Change -47.76% 660.0% 160.67%
NET CHANGE
Cash From Operating Activities -$106.1M -22.50M -$83.33M
Cash From Investing Activities -$254.0K -90.00K -$210.0K
Cash From Financing Activities $200.1M 760.0K $383.1M
Net Change In Cash $93.67M -21.83M $299.6M
YoY Change -68.73% -4.92% 220.11%
FREE CASH FLOW
Cash From Operating Activities -$106.1M -$22.50M -$83.33M
Capital Expenditures $254.0K -$90.00K $210.0K
Free Cash Flow -$106.4M -$22.41M -$83.54M
YoY Change 27.33% -2.73% 56.47%

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