2022 Q4 Form 20-F Financial Statement
#000117891323000903 Filed on March 09, 2023
Income Statement
| Concept | 2022 Q4 | 2022 | 2021 Q4 |
|---|---|---|---|
| Revenue | $1.577M | $6.026M | $1.655M |
| YoY Change | -4.71% | 10.25% | |
| Cost Of Revenue | $4.113M | $14.79M | $4.751M |
| YoY Change | -13.43% | 41.02% | 262.67% |
| Gross Profit | -$2.536M | -$8.764M | -$3.096M |
| YoY Change | -18.09% | 74.51% | -78.43% |
| Gross Profit Margin | -160.81% | -145.44% | -187.07% |
| Selling, General & Admin | $7.262M | $29.48M | $8.282M |
| YoY Change | -12.32% | -50.29% | 203.37% |
| % of Gross Profit | |||
| Research & Development | $26.25M | $95.11M | $23.94M |
| YoY Change | 9.63% | 1.9% | 58.12% |
| % of Gross Profit | |||
| Depreciation & Amortization | $1.543M | $7.472M | $1.936M |
| YoY Change | -20.3% | 88.69% | 228.14% |
| % of Gross Profit | |||
| Operating Expenses | $33.51M | $124.6M | $32.22M |
| YoY Change | 3.99% | -18.38% | 6612.71% |
| Operating Profit | -$36.04M | -$133.3M | -$35.32M |
| YoY Change | 2.06% | -15.42% | 138.15% |
| Interest Expense | $1.950M | $6.802M | $1.551M |
| YoY Change | 25.73% | 55.37% | 3777.5% |
| % of Operating Profit | |||
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | -$34.09M | -$126.5M | -$33.77M |
| YoY Change | 0.97% | -17.44% | 7574.09% |
| Income Tax | $228.0K | $325.0K | $152.0K |
| % Of Pretax Income | |||
| Net Earnings | -$34.32M | -$126.9M | -$33.92M |
| YoY Change | 1.19% | -17.38% | 7608.64% |
| Net Earnings / Revenue | -2176.35% | -2105.41% | -2049.43% |
| Basic Earnings Per Share | -$0.94 | ||
| Diluted Earnings Per Share | -$0.25 | -$0.94 | -$226.5K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 136.2M shares | 135.2M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q4 | 2022 | 2021 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $97.40M | $97.40M | $35.25M |
| YoY Change | 176.33% | 176.33% | 11649.0% |
| Cash & Equivalents | $55.72M | $55.72M | $23.64M |
| Short-Term Investments | $41.68M | $41.68M | $11.61M |
| Other Short-Term Assets | $84.16M | $84.16M | $234.4M |
| YoY Change | -64.1% | -64.1% | 234313.0% |
| Inventory | $4.236M | $4.236M | $4.256M |
| Prepaid Expenses | $1.333M | $1.837M | |
| Receivables | $1.762M | $1.762M | $513.0K |
| Other Receivables | $613.0K | $0.00 | $0.00 |
| Total Short-Term Assets | $187.6M | $187.6M | $274.4M |
| YoY Change | -31.66% | -31.66% | 91376.33% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $30.49M | $57.42M | $14.50M |
| YoY Change | 110.24% | 295.92% | |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $7.840M | $7.840M | $38.29M |
| YoY Change | -79.52% | -79.52% | -74.49% |
| Other Assets | $81.00K | $2.624M | $0.00 |
| YoY Change | |||
| Total Long-Term Assets | $67.88M | $67.88M | $52.79M |
| YoY Change | 28.58% | 28.58% | -64.83% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $187.6M | $187.6M | $274.4M |
| Total Long-Term Assets | $67.88M | $67.88M | $52.79M |
| Total Assets | $255.4M | $255.4M | $327.2M |
| YoY Change | -21.94% | -21.94% | 117.57% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $8.367M | $8.367M | $5.764M |
| YoY Change | 45.16% | 45.16% | |
| Accrued Expenses | $6.174M | $18.59M | $15.71M |
| YoY Change | -60.69% | 31.25% | 3826.25% |
| Deferred Revenue | $4.082M | $196.0K | |
| YoY Change | 1982.65% | ||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $0.00 | ||
| YoY Change | |||
| Total Short-Term Liabilities | $32.43M | $32.43M | $21.67M |
| YoY Change | 49.71% | 49.71% | 5316.25% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $0.00 | $30.98M | $6.753M |
| YoY Change | -100.0% | 358.79% | 27.42% |
| Total Long-Term Liabilities | $30.98M | $30.98M | $6.753M |
| YoY Change | 358.79% | 358.79% | 27.42% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $32.43M | $32.43M | $21.67M |
| Total Long-Term Liabilities | $30.98M | $30.98M | $6.753M |
| Total Liabilities | $63.42M | $63.42M | $28.42M |
| YoY Change | 123.15% | 123.15% | 398.56% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$511.8M | -$385.0M | |
| YoY Change | 32.96% | ||
| Common Stock | $703.9M | $683.8M | |
| YoY Change | 2.94% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $192.0M | $192.0M | $298.8M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $255.4M | $255.4M | $327.2M |
| YoY Change | -21.94% | -21.94% | 117.57% |
Cashflow Statement
| Concept | 2022 Q4 | 2022 | 2021 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$34.32M | -$126.9M | -$33.92M |
| YoY Change | 1.19% | -17.38% | 7608.64% |
| Depreciation, Depletion And Amortization | $1.543M | $7.472M | $1.936M |
| YoY Change | -20.3% | 88.69% | 228.14% |
| Cash From Operating Activities | -$27.84M | -$93.41M | -$19.34M |
| YoY Change | 43.99% | 13.2% | 19237.0% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $4.828M | $22.57M | -$786.0K |
| YoY Change | -714.25% | -696.38% | -139.5% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $55.05M | $147.9M | -$92.87M |
| YoY Change | -159.28% | -153.24% | |
| Cash From Investing Activities | $50.23M | $125.4M | -$93.65M |
| YoY Change | -153.63% | -144.52% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $426.0K | ||
| YoY Change | |||
| Debt Paid & Issued, Net | $0.00 | ||
| YoY Change | -100.0% | ||
| Cash From Financing Activities | 102.0K | $609.0K | -3.404M |
| YoY Change | -103.0% | -99.82% | |
| NET CHANGE | |||
| Cash From Operating Activities | -27.84M | -$93.41M | -19.34M |
| Cash From Investing Activities | 50.23M | $125.4M | -93.65M |
| Cash From Financing Activities | 102.0K | $609.0K | -3.404M |
| Net Change In Cash | 22.48M | $31.41M | -116.4M |
| YoY Change | -119.32% | -216.6% | 116296.0% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$27.84M | -$93.41M | -$19.34M |
| Capital Expenditures | $4.828M | $22.57M | -$786.0K |
| Free Cash Flow | -$32.67M | -$116.0M | -$18.55M |
| YoY Change | 76.12% | 47.3% | 787.61% |
Facts In Submission
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Auditor Firm
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|
1281 | |
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Auditor Name
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KOST FORER GABBAY & KASIERER | |
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Auditor Location
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Tel-Aviv, Israel | |
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