2023 Q2 Form 10-K Financial Statement

#000176401323000065 Filed on May 22, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2023
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $15.40M $12.42M $48.02M
YoY Change 28.93% -18.5% -11.44%
% of Gross Profit
Research & Development $50.58M $51.84M $160.3M
YoY Change 77.9% 62.06% 57.41%
% of Gross Profit
Depreciation & Amortization $53.00K $54.00K $193.0K
YoY Change 20.45% 38.46% 53.17%
% of Gross Profit
Operating Expenses $78.48M $64.26M $218.3M
YoY Change 94.37% 36.06% 39.89%
Operating Profit
YoY Change
Interest Expense $4.065M $3.480M $7.578M
YoY Change
% of Operating Profit
Other Income/Expense, Net $464.0K $356.0K -$253.0K
YoY Change 31.07% 709.09% -67.61%
Pretax Income -$73.95M -$60.42M -$211.0M
YoY Change 84.77% 28.06% 34.52%
Income Tax -$11.00K -$991.0K $9.000K
% Of Pretax Income
Net Earnings -$73.94M -$59.43M -$211.0M
YoY Change 83.13% 25.99% 34.6%
Net Earnings / Revenue
Basic Earnings Per Share -$0.57 -$1.71
Diluted Earnings Per Share -$0.57 -$0.46 -$1.71
COMMON SHARES
Basic Shares Outstanding 130.4M shares 130.2M shares 123.1M shares
Diluted Shares Outstanding 130.5M shares 123.1M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $330.0M $376.5M $376.5M
YoY Change -22.76% -23.75% -23.75%
Cash & Equivalents $330.0M $376.5M
Short-Term Investments
Other Short-Term Assets $19.23M $26.92M $26.92M
YoY Change 20.79% 330.45% 330.45%
Inventory
Prepaid Expenses $19.23M $26.92M
Receivables $823.0K $700.0K $700.0K
Other Receivables $0.00 $185.0K $185.0K
Total Short-Term Assets $350.0M $404.3M $404.3M
YoY Change -23.29% -21.17% -21.17%
LONG-TERM ASSETS
Property, Plant & Equipment $325.0K $333.0K $1.505M
YoY Change -0.91% 0.91% -42.84%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.207M $1.505M $1.505M
YoY Change -48.68% -42.84% -42.84%
TOTAL ASSETS
Total Short-Term Assets $350.0M $404.3M $404.3M
Total Long-Term Assets $1.207M $1.505M $1.505M
Total Assets $351.2M $405.8M $405.8M
YoY Change -23.42% -21.28% -21.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.46M $1.353M $1.353M
YoY Change 2382.08% -92.74% -92.74%
Accrued Expenses $23.98M $40.42M $41.59M
YoY Change 26.12% 63.34% 61.72%
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 $51.36M $43.30M $43.30M
YoY Change 141.75% -2.75% -2.75%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $47.00K $47.00K
YoY Change -100.0% -96.14% -96.14%
Total Long-Term Liabilities $0.00 $47.00K $47.00K
YoY Change -100.0% -96.14% -96.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $51.36M $43.30M $43.30M
Total Long-Term Liabilities $0.00 $47.00K $47.00K
Total Liabilities $51.36M $43.34M $43.34M
YoY Change 131.72% -5.24% -5.24%
SHAREHOLDERS EQUITY
Retained Earnings -$640.3M -$566.3M
YoY Change 61.77% 59.35%
Common Stock $13.00K $13.00K
YoY Change 8.33% 8.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $299.9M $362.5M $362.5M
YoY Change
Total Liabilities & Shareholders Equity $351.2M $405.8M $405.8M
YoY Change -23.42% -21.28% -21.28%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2023
OPERATING ACTIVITIES
Net Income -$73.94M -$59.43M -$211.0M
YoY Change 83.13% 25.99% 34.6%
Depreciation, Depletion And Amortization $53.00K $54.00K $193.0K
YoY Change 20.45% 38.46% 53.17%
Cash From Operating Activities -$47.37M -$55.79M -$188.2M
YoY Change -28.03% 69.3% 77.35%
INVESTING ACTIVITIES
Capital Expenditures $45.00K $26.00K $197.0K
YoY Change 7.14% -122.03% -22.44%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$45.00K -$26.00K -$197.0K
YoY Change 7.14% -77.97% -22.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $890.0K 233.0K $70.89M
YoY Change 4138.1% -64.58%
NET CHANGE
Cash From Operating Activities -$47.37M -55.79M -$188.2M
Cash From Investing Activities -$45.00K -26.00K -$197.0K
Cash From Financing Activities $890.0K 233.0K $70.89M
Net Change In Cash -$46.57M -55.59M -$117.3M
YoY Change -30.08% 68.07% -225.21%
FREE CASH FLOW
Cash From Operating Activities -$47.37M -$55.79M -$188.2M
Capital Expenditures $45.00K $26.00K $197.0K
Free Cash Flow -$47.42M -$55.82M -$188.4M
YoY Change -28.01% 69.98% 77.11%

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