2021 Q4 Form 10-Q Financial Statement

#000160955021000048 Filed on November 02, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $78.40M $61.69M $35.84M
YoY Change 70.4% 72.1% 71.81%
Cost Of Revenue $11.16M $8.624M $5.211M
YoY Change 55.81% 65.5% 50.78%
Gross Profit $67.24M $53.06M $30.63M
YoY Change 73.09% 73.23% 75.98%
Gross Profit Margin 85.77% 86.02% 85.46%
Selling, General & Admin $58.77M $53.24M $33.22M
YoY Change 52.13% 60.27% 48.11%
% of Gross Profit 87.4% 100.34% 108.45%
Research & Development $10.29M $9.614M $7.307M
YoY Change 41.21% 31.57% 101.68%
% of Gross Profit 15.31% 18.12% 23.85%
Depreciation & Amortization $344.0K $336.0K $210.0K
YoY Change 37.6% 60.0% 61.54%
% of Gross Profit 0.51% 0.63% 0.69%
Operating Expenses $69.06M $62.86M $40.52M
YoY Change 50.43% 55.11% 55.52%
Operating Profit -$1.821M -$9.796M -$9.892M
YoY Change -74.21% -0.97% 14.35%
Interest Expense -$523.0K $537.0K $533.0K
YoY Change 13.7% 0.75% 0.76%
% of Operating Profit
Other Income/Expense, Net -$27.00K -$548.0K -$406.0K
YoY Change -145.0% 34.98% -200.5%
Pretax Income -$2.371M -$10.34M -$10.30M
YoY Change -68.22% 0.45% 24.87%
Income Tax $20.00K $0.00 $100.0K
% Of Pretax Income
Net Earnings -$2.391M -$10.35M -$10.39M
YoY Change -68.05% -0.37% 25.92%
Net Earnings / Revenue -3.05% -16.77% -28.97%
Basic Earnings Per Share -$0.38 -$0.39
Diluted Earnings Per Share -$87.34K -$0.38 -$0.39
COMMON SHARES
Basic Shares Outstanding 27.36M shares 27.30M shares 26.84M shares
Diluted Shares Outstanding 27.30M shares 26.84M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $214.5M $210.2M $234.6M
YoY Change -8.5% -10.4% 54.75%
Cash & Equivalents $214.5M $210.2M $178.7M
Short-Term Investments $0.00 $0.00 $55.90M
Other Short-Term Assets $2.660M $3.046M $2.200M
YoY Change 33.0% 38.45% -31.25%
Inventory $17.23M $15.57M $8.966M
Prepaid Expenses $2.660M $3.046M $2.219M
Receivables $34.18M $26.68M $21.10M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $268.5M $255.5M $266.9M
YoY Change -0.49% -4.28% 56.59%
LONG-TERM ASSETS
Property, Plant & Equipment $8.486M $7.915M $4.309M
YoY Change 59.78% 83.69% 56.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $9.938M $9.984M $0.00
YoY Change -100.0%
Other Assets $204.0K $204.0K $400.0K
YoY Change 0.0% -49.0% 0.0%
Total Long-Term Assets $26.55M $23.40M $4.861M
YoY Change 134.51% 381.36% -61.91%
TOTAL ASSETS
Total Short-Term Assets $268.5M $255.5M $266.9M
Total Long-Term Assets $26.55M $23.40M $4.861M
Total Assets $295.1M $278.9M $271.8M
YoY Change 4.94% 2.62% 48.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.67M $9.989M $6.700M
YoY Change 62.01% 49.09% 39.58%
Accrued Expenses $20.45M $17.48M $11.46M
YoY Change 51.33% 52.57% 45.65%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $9.188M $6.125M
YoY Change
Total Short-Term Liabilities $41.31M $33.59M $18.20M
YoY Change 99.31% 84.59% 43.26%
LONG-TERM LIABILITIES
Long-Term Debt $15.80M $18.80M $24.70M
YoY Change -36.04% -23.89% 0.82%
Other Long-Term Liabilities $134.0K $124.0K $74.00K
YoY Change 57.65% 67.57%
Total Long-Term Liabilities $134.0K $124.0K $74.00K
YoY Change -99.56% 67.57% -99.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $41.31M $33.59M $18.20M
Total Long-Term Liabilities $134.0K $124.0K $74.00K
Total Liabilities $66.04M $58.59M $42.96M
YoY Change 28.37% 36.39% 15.58%
SHAREHOLDERS EQUITY
Retained Earnings -$279.4M -$277.0M -$229.9M
YoY Change 17.71% 20.51% 34.36%
Common Stock $27.00K $27.00K $27.00K
YoY Change 0.0% 0.0% 12.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $229.0M $220.3M $228.8M
YoY Change
Total Liabilities & Shareholders Equity $295.1M $278.9M $271.8M
YoY Change 4.94% 2.62% 48.33%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income -$2.391M -$10.35M -$10.39M
YoY Change -68.05% -0.37% 25.92%
Depreciation, Depletion And Amortization $344.0K $336.0K $210.0K
YoY Change 37.6% 60.0% 61.54%
Cash From Operating Activities $734.0K -$338.0K -$8.910M
YoY Change -117.86% -96.21% 203.06%
INVESTING ACTIVITIES
Capital Expenditures -$533.0K -$1.151M -$1.210M
YoY Change -12.62% -4.88% 13.08%
Acquisitions
YoY Change
Other Investing Activities $0.00 $31.30M -$24.72M
YoY Change -100.0% -226.62% -4514.29%
Cash From Investing Activities -$533.0K $30.15M -$25.93M
YoY Change -104.68% -216.27% 5086.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.076M 3.843M 2.310M
YoY Change -10.02% 66.36% 1115.79%
NET CHANGE
Cash From Operating Activities 734.0K -338.0K -8.910M
Cash From Investing Activities -533.0K 30.15M -25.93M
Cash From Financing Activities 4.076M 3.843M 2.310M
Net Change In Cash 4.277M 33.65M -32.53M
YoY Change -63.82% -203.46% 900.92%
FREE CASH FLOW
Cash From Operating Activities $734.0K -$338.0K -$8.910M
Capital Expenditures -$533.0K -$1.151M -$1.210M
Free Cash Flow $1.267M $813.0K -$7.700M
YoY Change -136.2% -110.56% 311.76%

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33.92
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47176000 USD
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CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
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28.54
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
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276959000 USD
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P2Y6M
CY2021Q3 us-gaap Income Tax Expense Benefit
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CY2020Q3 us-gaap Income Tax Expense Benefit
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100000 USD
us-gaap Income Tax Expense Benefit
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100000 USD
us-gaap Income Tax Expense Benefit
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100000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
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100000 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits
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100000 USD
CY2021Q3 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
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0 USD
us-gaap Number Of Reportable Segments
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1 segment
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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154996000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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61685000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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35842000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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2687806 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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2514801 shares

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