2022 Q2 Form 10-Q Financial Statement
#000087401522000104 Filed on May 04, 2022
Income Statement
| Concept | 2022 Q2 | 2022 Q1 | 2021 Q1 |
|---|---|---|---|
| Revenue | $133.8M | $141.9M | $111.6M |
| YoY Change | 6.39% | 27.17% | -16.32% |
| Cost Of Revenue | $4.745M | $4.170M | $2.600M |
| YoY Change | 60.41% | 60.38% | 2.04% |
| Gross Profit | $129.0M | $137.7M | $109.0M |
| YoY Change | 5.09% | 26.38% | -16.68% |
| Gross Profit Margin | 96.45% | 97.06% | 97.67% |
| Selling, General & Admin | $33.80M | $34.13M | $61.20M |
| YoY Change | -40.13% | -44.24% | -18.39% |
| % of Gross Profit | 26.19% | 24.77% | 56.15% |
| Research & Development | $180.8M | $161.1M | $139.8M |
| YoY Change | 29.76% | 15.25% | 19.49% |
| % of Gross Profit | 140.07% | 116.97% | 128.26% |
| Depreciation & Amortization | $4.388M | $4.293M | $4.400M |
| YoY Change | -6.4% | -2.43% | 18.92% |
| % of Gross Profit | 3.4% | 3.12% | 4.04% |
| Operating Expenses | $214.6M | $195.3M | $201.0M |
| YoY Change | 9.6% | -2.86% | 168.02% |
| Operating Profit | -$85.51M | -$57.50M | -$92.00M |
| YoY Change | 17.19% | -37.5% | 50.51% |
| Interest Expense | -$5.064M | -$6.754M | $2.200M |
| YoY Change | -509.38% | -407.0% | -79.98% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$12.30M | $187.0K | $0.00 |
| YoY Change | 6406.35% | -100.0% | |
| Pretax Income | -$102.9M | -$64.07M | -$89.74M |
| YoY Change | 27.72% | -28.6% | 69.47% |
| Income Tax | $2.260M | $1.100M | $100.0K |
| % Of Pretax Income | |||
| Net Earnings | -$105.1M | -$65.17M | -$89.87M |
| YoY Change | 30.0% | -27.49% | 86.35% |
| Net Earnings / Revenue | -78.58% | -45.92% | -80.53% |
| Basic Earnings Per Share | -$0.74 | -$0.46 | -$0.64 |
| Diluted Earnings Per Share | -$741.5K | -$460.2K | -$0.64 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 141.8M | 141.7M | 140.9M |
| Diluted Shares Outstanding | 141.8M | 141.6M | 140.8M |
Balance Sheet
| Concept | 2022 Q2 | 2022 Q1 | 2021 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $2.022B | $2.052B | $1.820B |
| YoY Change | -1.82% | 12.77% | -23.66% |
| Cash & Equivalents | $521.9M | $542.5M | $414.2M |
| Short-Term Investments | $1.500B | $1.510B | $1.406B |
| Other Short-Term Assets | $142.8M | $150.6M | $123.8M |
| YoY Change | 8.94% | 21.63% | 1.06% |
| Inventory | $19.81M | $24.03M | $22.20M |
| Prepaid Expenses | |||
| Receivables | $6.751M | $26.12M | $23.40M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $2.191B | $2.253B | $1.989B |
| YoY Change | -2.11% | 13.26% | -22.23% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $177.0M | $177.7M | $180.4M |
| YoY Change | -1.28% | -1.48% | 10.0% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $58.92M | $58.95M | $49.90M |
| YoY Change | 17.92% | 18.13% | -85.42% |
| Total Long-Term Assets | $265.0M | $266.0M | $259.2M |
| YoY Change | 2.45% | 2.61% | -51.36% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $2.191B | $2.253B | $1.989B |
| Total Long-Term Assets | $265.0M | $266.0M | $259.2M |
| Total Assets | $2.456B | $2.519B | $2.249B |
| YoY Change | -1.64% | 12.03% | -27.25% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $10.35M | $16.13M | $9.500M |
| YoY Change | -29.38% | 69.74% | -55.19% |
| Accrued Expenses | $159.3M | $115.8M | $108.0M |
| YoY Change | 51.2% | 7.2% | 36.88% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $4.732M | $4.206M | $69.50M |
| YoY Change | -93.23% | -93.95% | 1554.76% |
| Total Short-Term Liabilities | $267.8M | $228.5M | $295.1M |
| YoY Change | -8.85% | -22.59% | 14.38% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $1.248B | $1.248B | $870.9M |
| YoY Change | 0.62% | 43.29% | 9.6% |
| Other Long-Term Liabilities | $315.2M | $333.1M | $402.0M |
| YoY Change | -17.03% | -17.13% | -14.07% |
| Total Long-Term Liabilities | $1.564B | $1.581B | $1.273B |
| YoY Change | -3.52% | 24.21% | 0.83% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $267.8M | $228.5M | $295.1M |
| Total Long-Term Liabilities | $1.564B | $1.581B | $1.273B |
| Total Liabilities | $1.831B | $1.810B | $1.568B |
| YoY Change | -4.33% | 15.4% | -9.4% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $624.7M | $709.6M | $680.6M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $2.456B | $2.519B | $2.249B |
| YoY Change | -1.64% | 12.03% | -27.25% |
Cashflow Statement
| Concept | 2022 Q2 | 2022 Q1 | 2021 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$105.1M | -$65.17M | -$89.87M |
| YoY Change | 30.0% | -27.49% | 86.35% |
| Depreciation, Depletion And Amortization | $4.388M | $4.293M | $4.400M |
| YoY Change | -6.4% | -2.43% | 18.92% |
| Cash From Operating Activities | -$18.10M | -$31.65M | -$54.70M |
| YoY Change | -71.1% | -42.14% | 619.74% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$3.335M | -$2.705M | -$1.800M |
| YoY Change | -22.98% | 50.28% | -80.22% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $31.00K | -$284.8M | $80.60M |
| YoY Change | -100.03% | -453.4% | -193.83% |
| Cash From Investing Activities | -$3.304M | -$287.5M | $78.90M |
| YoY Change | -96.73% | -464.45% | -183.05% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 1.215M | -7.325M | -7.600M |
| YoY Change | -99.61% | -3.62% | -91.96% |
| NET CHANGE | |||
| Cash From Operating Activities | -18.10M | -31.65M | -54.70M |
| Cash From Investing Activities | -3.304M | -287.5M | 78.90M |
| Cash From Financing Activities | 1.215M | -7.325M | -7.600M |
| Net Change In Cash | -20.19M | -326.5M | 16.60M |
| YoY Change | -113.38% | -2067.01% | -108.42% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$18.10M | -$31.65M | -$54.70M |
| Capital Expenditures | -$3.335M | -$2.705M | -$1.800M |
| Free Cash Flow | -$14.76M | -$28.95M | -$52.90M |
| YoY Change | -74.67% | -45.28% | -3626.67% |
Facts In Submission
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