2024 Q3 Form 10-Q Financial Statement
#000087401524000187 Filed on August 01, 2024
Income Statement
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| Revenue | $133.8M | $225.3M |
| YoY Change | -7.21% | 19.55% |
| Cost Of Revenue | $1.071M | $4.164M |
| YoY Change | -51.12% | 64.13% |
| Gross Profit | $132.7M | $221.1M |
| YoY Change | -6.53% | 18.94% |
| Gross Profit Margin | 99.2% | 98.15% |
| Selling, General & Admin | $61.64M | $65.11M |
| YoY Change | -11.88% | 41.11% |
| % of Gross Profit | 46.43% | 29.45% |
| Research & Development | $220.0M | $222.0M |
| YoY Change | 2.18% | -3.45% |
| % of Gross Profit | 165.73% | 100.41% |
| Depreciation & Amortization | $2.978M | $3.087M |
| YoY Change | -6.94% | -5.25% |
| % of Gross Profit | 2.24% | 1.4% |
| Operating Expenses | $61.64M | $65.11M |
| YoY Change | -11.88% | 41.11% |
| Operating Profit | -$148.7M | -$66.09M |
| YoY Change | 3.76% | -26.72% |
| Interest Expense | $4.161M | $4.490M |
| YoY Change | -1.0% | 95.98% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $142.0K | $610.0K |
| YoY Change | -94.2% | -94.55% |
| Pretax Income | -$144.1M | -$66.20M |
| YoY Change | 2.34% | -14.52% |
| Income Tax | -$3.600M | $100.0K |
| % Of Pretax Income | ||
| Net Earnings | -$140.5M | -$66.27M |
| YoY Change | -4.7% | -22.31% |
| Net Earnings / Revenue | -104.98% | -29.42% |
| Basic Earnings Per Share | -$0.95 | -$0.45 |
| Diluted Earnings Per Share | -$0.95 | -$0.45 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 146.2M | 146.0M |
| Diluted Shares Outstanding | 148.6M | 146.0M |
Balance Sheet
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $1.829B | $1.635B |
| YoY Change | 8.27% | -16.84% |
| Cash & Equivalents | $334.6M | $294.0M |
| Short-Term Investments | $1.495B | $1.341B |
| Other Short-Term Assets | $184.2M | $194.7M |
| YoY Change | 1.72% | 9.47% |
| Inventory | $28.45M | $28.72M |
| Prepaid Expenses | ||
| Receivables | $18.00M | $27.00M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $2.714B | $2.329B |
| YoY Change | 5.0% | -10.98% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $82.50M | $75.90M |
| YoY Change | 16.32% | -17.17% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $120.3M | $118.9M |
| YoY Change | 15.6% | 38.22% |
| Total Long-Term Assets | $367.2M | $361.7M |
| YoY Change | 5.13% | 2.08% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $2.714B | $2.329B |
| Total Long-Term Assets | $367.2M | $361.7M |
| Total Assets | $3.081B | $2.691B |
| YoY Change | 5.01% | -9.42% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $9.052M | $9.243M |
| YoY Change | 61.21% | -61.52% |
| Accrued Expenses | $124.4M | $114.3M |
| YoY Change | 4.56% | 9.15% |
| Deferred Revenue | $76.02M | $94.07M |
| YoY Change | -62.89% | -2.27% |
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $44.00M | $44.00M |
| YoY Change | 340.0% | 394.22% |
| Total Short-Term Liabilities | $304.6M | $306.2M |
| YoY Change | -24.65% | 6.32% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $1.235B | $1.232B |
| YoY Change | -3.46% | -6.33% |
| Other Long-Term Liabilities | $41.74M | $41.77M |
| YoY Change | -14.48% | 154.16% |
| Total Long-Term Liabilities | $41.74M | $41.77M |
| YoY Change | -14.48% | 154.16% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $304.6M | $306.2M |
| Total Long-Term Liabilities | $41.74M | $41.77M |
| Total Liabilities | $2.419B | $2.427B |
| YoY Change | -7.63% | -4.54% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$2.145B | -$2.005B |
| YoY Change | 20.08% | 22.31% |
| Common Stock | $2.832B | $2.304B |
| YoY Change | 31.84% | 8.74% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $662.5M | $263.7M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $3.081B | $2.691B |
| YoY Change | 5.01% | -9.42% |
Cashflow Statement
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$140.5M | -$66.27M |
| YoY Change | -4.7% | -22.31% |
| Depreciation, Depletion And Amortization | $2.978M | $3.087M |
| YoY Change | -6.94% | -5.25% |
| Cash From Operating Activities | -$115.0M | -$119.9M |
| YoY Change | 5.5% | 23.13% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $9.056M | $6.234M |
| YoY Change | 331.24% | -48.1% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$331.7M | $68.68M |
| YoY Change | -568.56% | -15.75% |
| Cash From Investing Activities | -$340.8M | $62.45M |
| YoY Change | -596.06% | -10.16% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 496.0M | 2.557M |
| YoY Change | -1640.52% | -98.22% |
| NET CHANGE | ||
| Cash From Operating Activities | -115.0M | -119.9M |
| Cash From Investing Activities | -340.8M | 62.45M |
| Cash From Financing Activities | 496.0M | 2.557M |
| Net Change In Cash | 40.26M | -54.87M |
| YoY Change | -155.53% | -147.43% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$115.0M | -$119.9M |
| Capital Expenditures | $9.056M | $6.234M |
| Free Cash Flow | -$124.0M | -$126.1M |
| YoY Change | 11.65% | 15.3% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
276472000 | |
| ions |
Non Cash Capital And Patent Expenditures
NonCashCapitalAndPatentExpenditures
|
1453000 | ||
| ions |
Non Cash Capital And Patent Expenditures
NonCashCapitalAndPatentExpenditures
|
251000 | ||
| dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
| dei |
Amendment Flag
AmendmentFlag
|
false | ||
| dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
| dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2024 | ||
| dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
| dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000874015 |
