2024 Q2 Form 10-K Financial Statement

#000176401324000109 Filed on May 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2024
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $18.81M $14.82M $57.28M
YoY Change 22.11% 19.33% 19.29%
% of Gross Profit
Research & Development $75.47M $66.06M $212.9M
YoY Change 49.23% 27.43% 32.87%
% of Gross Profit
Depreciation & Amortization $80.00K $64.00K $231.0K
YoY Change 50.94% 18.52% 19.69%
% of Gross Profit
Operating Expenses $94.28M $80.88M $282.7M
YoY Change 20.14% 25.86% 29.52%
Operating Profit
YoY Change
Interest Expense $7.180M $8.379M $24.95M
YoY Change 76.63% 140.78% 229.22%
% of Operating Profit
Other Income/Expense, Net $28.00K -$2.587M -$1.008M
YoY Change -93.97% -826.69% 298.42%
Pretax Income -$87.07M -$75.09M -$258.8M
YoY Change 17.75% 24.27% 22.67%
Income Tax $77.00K $232.0K $567.0K
% Of Pretax Income
Net Earnings -$87.15M -$75.32M -$259.3M
YoY Change 17.87% 26.73% 22.93%
Net Earnings / Revenue
Basic Earnings Per Share -$0.60 -$1.88
Diluted Earnings Per Share -$0.60 -$0.52 -$1.88
COMMON SHARES
Basic Shares Outstanding 146.1M shares 145.3M shares 138.1M shares
Diluted Shares Outstanding 146.1M shares 138.1M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $560.0M $635.4M $635.4M
YoY Change 69.72% 68.74% 68.74%
Cash & Equivalents $560.0M $635.4M
Short-Term Investments
Other Short-Term Assets $26.63M $24.90M $24.90M
YoY Change 38.44% -7.48% -7.48%
Inventory
Prepaid Expenses $26.63M $24.90M
Receivables $2.417M $5.337M $5.337M
Other Receivables $0.00 $166.0K $166.0K
Total Short-Term Assets $589.0M $665.8M $665.8M
YoY Change 68.29% 64.66% 64.66%
LONG-TERM ASSETS
Property, Plant & Equipment $565.0K $462.0K $595.0K
YoY Change 73.85% 38.74% -60.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change
Total Long-Term Assets $631.0K $595.0K $595.0K
YoY Change -47.72% -60.47% -60.47%
TOTAL ASSETS
Total Short-Term Assets $589.0M $665.8M $665.8M
Total Long-Term Assets $631.0K $595.0K $595.0K
Total Assets $589.7M $666.4M $666.4M
YoY Change 67.89% 64.19% 64.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.04M $7.155M $7.155M
YoY Change -58.29% 428.82% 428.82%
Accrued Expenses $33.91M $41.30M $41.44M
YoY Change 41.43% 2.17% -0.38%
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 $45.02M $48.61M $48.61M
YoY Change -12.34% 12.27% 12.27%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.02M $48.61M $48.61M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $45.02M $48.61M $48.61M
YoY Change -12.34% 12.14% 12.14%
SHAREHOLDERS EQUITY
Retained Earnings -$912.8M -$825.7M
YoY Change 42.56% 45.81%
Common Stock $14.00K $14.00K
YoY Change 7.69% 7.69%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $544.7M $617.8M $617.8M
YoY Change
Total Liabilities & Shareholders Equity $589.7M $666.4M $666.4M
YoY Change 67.89% 64.19% 64.19%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2024
OPERATING ACTIVITIES
Net Income -$87.15M -$75.32M -$259.3M
YoY Change 17.87% 26.73% 22.93%
Depreciation, Depletion And Amortization $80.00K $64.00K $231.0K
YoY Change 50.94% 18.52% 19.69%
Cash From Operating Activities -$76.20M -$59.70M -$214.2M
YoY Change 60.86% 7.0% 13.83%
INVESTING ACTIVITIES
Capital Expenditures $182.0K $150.0K $360.0K
YoY Change 304.44% 476.92% 82.74%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$182.0K -$150.0K -$360.0K
YoY Change 304.44% 476.92% 82.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $686.0K 1.545M $472.4M
YoY Change -22.92% 563.09% 566.47%
NET CHANGE
Cash From Operating Activities -$76.20M -59.70M -$214.2M
Cash From Investing Activities -$182.0K -150.0K -$360.0K
Cash From Financing Activities $686.0K 1.545M $472.4M
Net Change In Cash -$75.36M -58.30M $258.8M
YoY Change 61.81% 4.89% -320.69%
FREE CASH FLOW
Cash From Operating Activities -$76.20M -$59.70M -$214.2M
Capital Expenditures $182.0K $150.0K $360.0K
Free Cash Flow -$76.38M -$59.85M -$214.6M
YoY Change 61.09% 7.22% 13.91%

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