$ISPC
iSpecimen Inc.

2022 Q4 Form 10-Q Financial Statement

#000155837022016722 Filed on November 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $2.962M $2.583M $2.719M
YoY Change 16.18% -4.97% 20.82%
Cost Of Revenue $1.410M $1.182M $913.8K
YoY Change 15.32% 29.3% 1.1%
Gross Profit $1.552M $1.402M $1.805M
YoY Change 16.97% -22.32% 34.05%
Gross Profit Margin 52.4% 54.26% 66.39%
Selling, General & Admin $3.694M $3.068M $2.149M
YoY Change 11.19% 42.71% 67.77%
% of Gross Profit 237.99% 218.82% 119.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $365.8K $4.454K $11.13K
YoY Change 42.8% -59.98% 127.93%
% of Gross Profit 23.57% 0.32% 0.62%
Operating Expenses $3.694M $3.068M $2.149M
YoY Change 11.19% 42.71% 67.77%
Operating Profit -$2.142M -$3.101M -$1.459M
YoY Change 7.35% 112.54% 101.79%
Interest Expense -$18.05K $58.59K $75.92K
YoY Change -44.65% -22.83% -83.83%
% of Operating Profit
Other Income/Expense, Net $0.00 $5.369K -$93.95K
YoY Change -100.0% -105.71% -82.05%
Pretax Income -$2.160M -$3.096M -$1.553M
YoY Change 5.33% 99.33% 24.59%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$2.160M -$3.096M -$1.553M
YoY Change 5.33% 99.33% 24.59%
Net Earnings / Revenue -72.92% -119.83% -57.13%
Basic Earnings Per Share -$0.35 -$0.22
Diluted Earnings Per Share -$0.24 -$0.35 -$223.1K
COMMON SHARES
Basic Shares Outstanding 8.761M 8.881M 6.923M
Diluted Shares Outstanding 8.879M 6.960M

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.31M $20.66M $9.791M
YoY Change -44.81% 110.99% 919.87%
Cash & Equivalents $15.31M $20.66M $9.791M
Short-Term Investments $0.00
Other Short-Term Assets $300.4K $341.6K $459.3K
YoY Change -8.14% -25.64% 317.56%
Inventory
Prepaid Expenses
Receivables $3.926M $1.785M $2.719M
Other Receivables $140.9K $140.9K $179.4K
Total Short-Term Assets $19.68M $24.24M $14.90M
YoY Change -40.28% 62.67% 343.42%
LONG-TERM ASSETS
Property, Plant & Equipment $410.5K $19.19K $44.75K
YoY Change 1152.37% -57.11% -50.28%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $27.60K $27.60K $27.60K
YoY Change 0.0% 0.0% -8.0%
Total Long-Term Assets $4.942M $3.704M $2.723M
YoY Change 78.33% 36.01% 1.23%
TOTAL ASSETS
Total Short-Term Assets $19.68M $24.24M $14.90M
Total Long-Term Assets $4.942M $3.704M $2.723M
Total Assets $24.62M $27.94M $17.62M
YoY Change -31.08% 58.55% 191.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.459M $967.7K $351.4K
YoY Change 195.32% 175.38% -70.96%
Accrued Expenses $1.690M $885.6K $1.025M
YoY Change 67.33% -13.62% -72.44%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $816.7K $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $4.281M $2.833M $2.103M
YoY Change 70.87% 34.74% -89.62%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $2.615M $3.428M
YoY Change -100.0% -23.72% 1005.93%
Other Long-Term Liabilities $27.40K $67.99K
YoY Change
Total Long-Term Liabilities $27.40K $2.683M $3.428M
YoY Change -99.2% -21.74% 1005.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.281M $2.833M $2.103M
Total Long-Term Liabilities $27.40K $2.683M $3.428M
Total Liabilities $4.308M $5.516M $5.531M
YoY Change -27.32% -0.27% -73.11%
SHAREHOLDERS EQUITY
Retained Earnings -$48.27M -$46.11M -$35.97M
YoY Change 26.95% 28.18%
Common Stock $892.00 $888.00 $697.00
YoY Change 2.18% 27.4%
Preferred Stock
YoY Change
Treasury Stock (at cost) $172.00 $172.00 $172.00
YoY Change 0.0% 0.0%
Treasury Stock Shares $31.00K $31.00K $31.00K
Shareholders Equity $20.31M $22.42M $12.09M
YoY Change
Total Liabilities & Shareholders Equity $24.62M $27.94M $17.62M
YoY Change -31.08% 58.55% 191.27%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$2.160M -$3.096M -$1.553M
YoY Change 5.33% 99.33% 24.59%
Depreciation, Depletion And Amortization $365.8K $4.454K $11.13K
YoY Change 42.8% -59.98% 127.93%
Cash From Operating Activities -$207.3K -$2.256M -$6.080M
YoY Change -84.29% -62.89% -3762.53%
INVESTING ACTIVITIES
Capital Expenditures $1.642M -$772.1K -$290.8K
YoY Change -639.75% 165.47% -52.31%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.642M -$772.1K -$290.8K
YoY Change 439.75% 165.47% -52.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.500M -4.960K 2.977M
YoY Change -117.88% -100.17% 189.07%
NET CHANGE
Cash From Operating Activities -207.3K -2.256M -6.080M
Cash From Investing Activities -1.642M -772.1K -290.8K
Cash From Financing Activities -3.500M -4.960K 2.977M
Net Change In Cash -5.349M -3.033M -3.394M
YoY Change -129.8% -10.61% -678.9%
FREE CASH FLOW
Cash From Operating Activities -$207.3K -$2.256M -$6.080M
Capital Expenditures $1.642M -$772.1K -$290.8K
Free Cash Flow -$1.849M -$1.484M -$5.789M
YoY Change 82.1% -74.36% -846.23%

Facts In Submission

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