2017 Q4 Form 10-Q Financial Statement

#000110450617000005 Filed on November 02, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue $0.00 $0.00
YoY Change
Gross Profit $0.00 $0.00
YoY Change
Gross Profit Margin
Selling, General & Admin $31.40M $17.41M $13.72M
YoY Change 157.8% 26.9% 24.5%
% of Gross Profit
Research & Development $33.95M $26.68M $23.43M
YoY Change -38.13% 13.84% 21.92%
% of Gross Profit
Depreciation & Amortization $730.0K $720.0K $680.0K
YoY Change 7.35% 5.88% 47.83%
% of Gross Profit
Operating Expenses $65.35M $44.08M $37.15M
YoY Change -2.54% 18.67% 22.81%
Operating Profit -$65.35M -$44.08M -$37.15M
YoY Change -2.53% 18.67%
Interest Expense -$490.0K $1.496M $769.0K
YoY Change -63.7% 94.54% -218.31%
% of Operating Profit
Other Income/Expense, Net $90.00K $101.0K $45.00K
YoY Change 200.0% 124.44% -164.29%
Pretax Income -$65.75M -$45.15M -$37.74M
YoY Change -3.85% 19.66% 21.88%
Income Tax -$370.0K $27.00K $25.00K
% Of Pretax Income
Net Earnings -$65.38M -$45.18M -$37.76M
YoY Change -4.41% 19.65% 21.96%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$852.3K -$691.8K -$610.2K
COMMON SHARES
Basic Shares Outstanding 76.59M shares 65.31M shares 61.88M shares
Diluted Shares Outstanding 65.31M shares 61.88M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $381.2M $430.7M $200.5M
YoY Change 134.44% 114.81% -35.53%
Cash & Equivalents $381.2M $430.7M $200.5M
Short-Term Investments
Other Short-Term Assets $8.300M $6.800M $5.800M
YoY Change 43.1% 17.24% -30.12%
Inventory $0.00
Prepaid Expenses
Receivables $0.00
Other Receivables
Total Short-Term Assets $389.4M $437.5M $206.3M
YoY Change 131.25% 112.06% -35.39%
LONG-TERM ASSETS
Property, Plant & Equipment $12.40M $8.975M $10.30M
YoY Change 23.75% -12.86% 27.16%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.000M $1.600M $1.900M
YoY Change 53.85% -15.79% 850.0%
Total Long-Term Assets $72.60M $68.73M $70.30M
YoY Change 4.39% -2.24% 5.87%
TOTAL ASSETS
Total Short-Term Assets $389.4M $437.5M $206.3M
Total Long-Term Assets $72.60M $68.73M $70.30M
Total Assets $462.0M $506.2M $276.6M
YoY Change 94.17% 83.01% -28.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.67M $9.348M $8.300M
YoY Change 40.54% 12.63% -23.85%
Accrued Expenses $17.14M $18.80M $14.50M
YoY Change 1.9% 29.67% 46.46%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $44.66M $28.77M $23.50M
YoY Change 59.55% 22.41% -49.68%
LONG-TERM LIABILITIES
Long-Term Debt $55.57M $55.39M $34.70M
YoY Change 1.42% 59.62%
Other Long-Term Liabilities $765.0K $747.0K $700.0K
YoY Change 10.39% 6.71%
Total Long-Term Liabilities $56.33M $56.14M $35.40M
YoY Change 1.53% 58.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $44.66M $28.77M $23.50M
Total Long-Term Liabilities $56.33M $56.14M $35.40M
Total Liabilities $101.0M $84.90M $58.80M
YoY Change 20.98% 44.39% 25.91%
SHAREHOLDERS EQUITY
Retained Earnings -$957.9M -$892.5M
YoY Change 25.18%
Common Stock $766.0K $766.0K
YoY Change 23.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $361.1M $421.3M $217.8M
YoY Change
Total Liabilities & Shareholders Equity $462.0M $506.2M $276.6M
YoY Change 94.17% 83.01% -28.29%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income -$65.38M -$45.18M -$37.76M
YoY Change -4.41% 19.65% 21.96%
Depreciation, Depletion And Amortization $730.0K $720.0K $680.0K
YoY Change 7.35% 5.88% 47.83%
Cash From Operating Activities -$48.22M -$38.24M -$30.98M
YoY Change -16.8% 23.43% 28.92%
INVESTING ACTIVITIES
Capital Expenditures -$1.700M -$450.0K -$1.300M
YoY Change 120.78% -65.38% 51.16%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.700M -$450.0K -$1.300M
YoY Change 120.78% -65.38% 51.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $377.7M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 430.0K 378.2M 9.690M
YoY Change -97.94% 3803.3% 1081.71%
NET CHANGE
Cash From Operating Activities -48.22M -38.24M -30.98M
Cash From Investing Activities -1.700M -450.0K -1.300M
Cash From Financing Activities 430.0K 378.2M 9.690M
Net Change In Cash -49.49M 339.5M -22.59M
YoY Change 30.65% -1603.05% -6.15%
FREE CASH FLOW
Cash From Operating Activities -$48.22M -$38.24M -$30.98M
Capital Expenditures -$1.700M -$450.0K -$1.300M
Free Cash Flow -$46.52M -$37.79M -$29.68M
YoY Change -18.66% 27.32% 28.1%

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CY2017Q3 us-gaap Proceeds From Issuance Of Common Stock
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377700000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
377703000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
10000000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
128000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2953000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10020000 USD
CY2017Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8975000 USD
CY2016Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
23433000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
67851000 USD
CY2017Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
26675000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
75800000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-765236000 USD
CY2017Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-892501000 USD
CY2016Q3 us-gaap Revenues
Revenues
0 USD
us-gaap Revenues
Revenues
0 USD
CY2017Q3 us-gaap Revenues
Revenues
0 USD
us-gaap Revenues
Revenues
0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
13879000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
13332000 USD
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
5000000 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
4929910 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3904073 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
12.46
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
386668 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
15.59
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2207390 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
148771000 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7116706 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8601293 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.30
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.92
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
143327000 USD
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
8269230 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
13.88
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
8.78
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
15.42
CY2017Q3 us-gaap Share Price
SharePrice
28.50
CY2017Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
73193000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y4M24D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y7M24D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y7M6D
CY2017Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
14123150 shares
CY2017Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
14100000 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
336135 shares
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
154483000 USD
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
421305000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2017Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61878000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61871000 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65312000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63199000 shares
CY2016Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
61878000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
61871000 shares
CY2017Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
65312000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
63199000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61878000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61871000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65312000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63199000 shares

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