2022 Q2 Form 10-Q Financial Statement

#000164289622000040 Filed on June 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q2
Revenue $142.6M $125.8M $87.73M
YoY Change 62.59% 65.61% 72.02%
Cost Of Revenue $39.62M $38.71M $25.63M
YoY Change 54.58% 82.52% 54.39%
Gross Profit $103.0M $87.05M $62.10M
YoY Change 65.9% 59.05% 80.53%
Gross Profit Margin 72.23% 69.22% 70.79%
Selling, General & Admin $131.2M $200.6M $77.17M
YoY Change 70.0% 235.84% 4.42%
% of Gross Profit 127.34% 230.48% 124.26%
Research & Development $40.99M $126.5M $23.53M
YoY Change 74.18% 526.02% -2.77%
% of Gross Profit 39.78% 145.28% 37.89%
Depreciation & Amortization $2.360M $2.171M $2.484M
YoY Change -4.99% -9.65%
% of Gross Profit 2.29% 2.49% 4.0%
Operating Expenses $173.2M $338.8M $100.7M
YoY Change 72.03% 276.35% 2.65%
Operating Profit -$70.21M -$251.7M -$38.60M
YoY Change 81.89% 613.34% -39.41%
Interest Expense -$60.00K -$243.0K $160.0K
YoY Change -137.5% -72.07% 60.0%
% of Operating Profit
Other Income/Expense, Net -$60.00K $160.0K
YoY Change -137.5%
Pretax Income -$70.27M -$252.0M -$38.44M
YoY Change 82.8% 596.85% -39.56%
Income Tax $700.0K $787.0K $0.00
% Of Pretax Income
Net Earnings -$70.99M -$252.8M -$38.44M
YoY Change 84.68% 598.62% -39.66%
Net Earnings / Revenue -49.77% -201.0% -43.81%
Basic Earnings Per Share -$0.14 -$0.16
Diluted Earnings Per Share -$0.14 -$485.4K -$0.16
COMMON SHARES
Basic Shares Outstanding 507.3M shares 245.2M shares
Diluted Shares Outstanding 507.3M shares 245.2M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $859.8M $921.2M
YoY Change
Cash & Equivalents $859.8M $921.2M $394.0M
Short-Term Investments
Other Short-Term Assets $81.89M $63.90M
YoY Change
Inventory $41.99M $33.07M
Prepaid Expenses
Receivables $84.86M $81.99M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.069B $1.100B
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $50.85M $36.77M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.42M $14.42M
YoY Change
Total Long-Term Assets $476.4M $467.8M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $1.069B $1.100B
Total Long-Term Assets $476.4M $467.8M
Total Assets $1.545B $1.568B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $40.76M $54.71M
YoY Change
Accrued Expenses $90.68M $80.39M
YoY Change
Deferred Revenue $220.8M $203.2M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $352.3M $338.3M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.601M $6.689M
YoY Change
Total Long-Term Liabilities $3.601M $6.689M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $352.3M $338.3M
Total Long-Term Liabilities $3.601M $6.689M
Total Liabilities $582.5M $579.0M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$991.9M -$921.0M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $962.4M $988.9M -$569.1M
YoY Change
Total Liabilities & Shareholders Equity $1.545B $1.568B
YoY Change

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q2
OPERATING ACTIVITIES
Net Income -$70.99M -$252.8M -$38.44M
YoY Change 84.68% 598.62% -39.66%
Depreciation, Depletion And Amortization $2.360M $2.171M $2.484M
YoY Change -4.99% -9.65%
Cash From Operating Activities -$48.78M -$48.30M -$37.07M
YoY Change 31.59% 44.09%
INVESTING ACTIVITIES
Capital Expenditures $10.67M -$9.400M $3.508M
YoY Change 204.1% 242.32%
Acquisitions
YoY Change
Other Investing Activities -$100.0K
YoY Change 0.0%
Cash From Investing Activities -$10.67M -$9.500M -$3.508M
YoY Change 204.1% 233.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $1.000K
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.734M 703.0M $270.0K
YoY Change -742.22% 43921.79%
NET CHANGE
Cash From Operating Activities -$48.78M -48.30M -$37.07M
Cash From Investing Activities -$10.67M -9.500M -$3.508M
Cash From Financing Activities -$1.734M 703.0M $270.0K
Net Change In Cash -$61.38M 645.2M -$40.31M
YoY Change 52.27% -1955.53%
FREE CASH FLOW
Cash From Operating Activities -$48.78M -$48.30M -$37.07M
Capital Expenditures $10.67M -$9.400M $3.508M
Free Cash Flow -$59.45M -$38.90M -$40.58M
YoY Change 46.51% 26.41%

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1000000 USD
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P7Y
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CY2022Q2 us-gaap Revenue Remaining Performance Obligation
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23100000 USD
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CY2022Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
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CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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1.16
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P6Y10M24D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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10800000 USD
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CY2021Q2 us-gaap Allocated Share Based Compensation Expense
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CY2022Q2 us-gaap Allocated Share Based Compensation Expense
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CY2021Q2 us-gaap Allocated Share Based Compensation Expense
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CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
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-0.010
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
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0.000
CY2022Q2 us-gaap Income Tax Expense Benefit
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700000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
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0 USD
CY2022Q2 us-gaap Income Tax Examination Penalties And Interest Accrued
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0 USD
CY2022Q1 us-gaap Income Tax Examination Penalties And Interest Accrued
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CY2022Q2 us-gaap Net Income Loss
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CY2021Q2 us-gaap Net Income Loss
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CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022Q1 us-gaap Noncurrent Assets
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171199000 USD

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