2023 Q3 Form 10-Q Financial Statement
#000087401523000186 Filed on August 09, 2023
Income Statement
| Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
|---|---|---|---|
| Revenue | $144.2M | $188.4M | $133.8M |
| YoY Change | -9.74% | 40.82% | 6.39% |
| Cost Of Revenue | $2.191M | $2.537M | $4.745M |
| YoY Change | 44.62% | -46.53% | 60.41% |
| Gross Profit | $142.0M | $185.9M | $129.0M |
| YoY Change | -10.26% | 44.04% | 5.09% |
| Gross Profit Margin | 98.48% | 98.65% | 96.45% |
| Selling, General & Admin | $69.95M | $46.14M | $33.80M |
| YoY Change | 103.25% | 36.51% | -40.13% |
| % of Gross Profit | 49.26% | 24.82% | 26.19% |
| Research & Development | $215.3M | $229.9M | $180.8M |
| YoY Change | 17.66% | 27.2% | 29.76% |
| % of Gross Profit | 151.6% | 123.7% | 140.07% |
| Depreciation & Amortization | $3.200M | $3.258M | $4.388M |
| YoY Change | -27.68% | -25.75% | -6.4% |
| % of Gross Profit | 2.25% | 1.75% | 3.4% |
| Operating Expenses | $69.95M | $46.14M | $214.6M |
| YoY Change | 103.25% | -78.49% | 9.6% |
| Operating Profit | -$143.3M | -$90.20M | -$85.51M |
| YoY Change | 142.19% | 5.47% | 17.19% |
| Interest Expense | $4.203M | $2.291M | -$5.064M |
| YoY Change | 96.49% | -145.24% | -509.38% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $2.447M | $11.18M | -$12.30M |
| YoY Change | -48.08% | -190.94% | 6406.35% |
| Pretax Income | -$140.8M | -$77.45M | -$102.9M |
| YoY Change | 201.46% | -24.72% | 27.72% |
| Income Tax | $6.600M | $7.800M | $2.260M |
| % Of Pretax Income | |||
| Net Earnings | -$147.4M | -$85.29M | -$105.1M |
| YoY Change | 213.69% | -18.88% | 30.0% |
| Net Earnings / Revenue | -102.22% | -45.27% | -78.58% |
| Basic Earnings Per Share | -$1.03 | -$0.60 | -$0.74 |
| Diluted Earnings Per Share | -$1.03 | -$0.60 | -$741.5K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 143.3M | 143.1M | 141.8M |
| Diluted Shares Outstanding | 143.3M | 143.1M | 141.8M |
Balance Sheet
| Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $1.690B | $1.966B | $2.022B |
| YoY Change | 17.62% | -2.77% | -1.82% |
| Cash & Equivalents | $352.1M | $424.8M | $521.9M |
| Short-Term Investments | $1.338B | $1.541B | $1.500B |
| Other Short-Term Assets | $181.1M | $177.9M | $142.8M |
| YoY Change | 26.47% | 24.6% | 8.94% |
| Inventory | $25.63M | $25.54M | $19.81M |
| Prepaid Expenses | |||
| Receivables | $142.4M | $27.96M | $6.751M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $2.585B | $2.617B | $2.191B |
| YoY Change | 20.1% | 19.42% | -2.11% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $70.93M | $91.63M | $177.0M |
| YoY Change | -60.77% | -48.23% | -1.28% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $104.1M | $86.03M | $58.92M |
| YoY Change | 75.12% | 46.01% | 17.92% |
| Total Long-Term Assets | $349.3M | $354.4M | $265.0M |
| YoY Change | 29.45% | 33.73% | 2.45% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $2.585B | $2.617B | $2.191B |
| Total Long-Term Assets | $349.3M | $354.4M | $265.0M |
| Total Assets | $2.934B | $2.971B | $2.456B |
| YoY Change | 21.14% | 20.97% | -1.64% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $5.615M | $24.02M | $10.35M |
| YoY Change | -72.67% | 132.06% | -29.38% |
| Accrued Expenses | $119.0M | $104.7M | $159.3M |
| YoY Change | -7.06% | -34.26% | 51.2% |
| Deferred Revenue | $204.8M | $96.25M | |
| YoY Change | 105.83% | ||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $10.00M | $8.903M | $4.732M |
| YoY Change | 101.21% | 88.14% | -93.23% |
| Total Short-Term Liabilities | $404.2M | $288.0M | $267.8M |
| YoY Change | 42.6% | 7.53% | -8.85% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $1.279B | $1.315B | $1.248B |
| YoY Change | 2.38% | 5.36% | 0.62% |
| Other Long-Term Liabilities | $48.80M | $16.44M | $315.2M |
| YoY Change | -83.44% | -94.79% | -17.03% |
| Total Long-Term Liabilities | $48.80M | $16.44M | $1.564B |
| YoY Change | -96.84% | -98.95% | -3.52% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $404.2M | $288.0M | $267.8M |
| Total Long-Term Liabilities | $48.80M | $16.44M | $1.564B |
| Total Liabilities | $2.619B | $2.543B | $1.831B |
| YoY Change | 43.28% | 38.85% | -4.33% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$1.787B | -$1.639B | |
| YoY Change | 29.73% | ||
| Common Stock | $2.148B | $2.118B | |
| YoY Change | 5.58% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $315.5M | $428.3M | $624.7M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $2.934B | $2.971B | $2.456B |
| YoY Change | 21.14% | 20.97% | -1.64% |
Cashflow Statement
| Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$147.4M | -$85.29M | -$105.1M |
| YoY Change | 213.69% | -18.88% | 30.0% |
| Depreciation, Depletion And Amortization | $3.200M | $3.258M | $4.388M |
| YoY Change | -27.68% | -25.75% | -6.4% |
| Cash From Operating Activities | -$109.0M | -$97.36M | -$18.10M |
| YoY Change | 346.19% | 438.04% | -71.1% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $2.100M | $12.01M | -$3.335M |
| YoY Change | -137.89% | -460.15% | -22.98% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $70.80M | $81.53M | $31.00K |
| YoY Change | -139.69% | 262887.1% | -100.03% |
| Cash From Investing Activities | $68.70M | $69.51M | -$3.304M |
| YoY Change | -137.35% | -2203.96% | -96.73% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -32.20M | 143.5M | 1.215M |
| YoY Change | -1855.73% | 11713.83% | -99.61% |
| NET CHANGE | |||
| Cash From Operating Activities | -109.0M | -97.36M | -18.10M |
| Cash From Investing Activities | 68.70M | 69.51M | -3.304M |
| Cash From Financing Activities | -32.20M | 143.5M | 1.215M |
| Net Change In Cash | -72.50M | 115.7M | -20.19M |
| YoY Change | -64.9% | -673.14% | -113.38% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$109.0M | -$97.36M | -$18.10M |
| Capital Expenditures | $2.100M | $12.01M | -$3.335M |
| Free Cash Flow | -$111.1M | -$109.4M | -$14.76M |
| YoY Change | 488.24% | 640.97% | -74.67% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
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Gain Loss On Disposition Of Assets
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--12-31 | ||
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|
2023 | ||
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Q2 | ||
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