2021 Form 10-K Financial Statement

#000114036121042974 Filed on December 27, 2021

View on sec.gov

Income Statement

Concept 2021 2020 Q3 2020
Revenue $146.4M $24.99M $82.43M
YoY Change 77.63% 20.45% -2.28%
Cost Of Revenue $114.0M $18.84M $58.91M
YoY Change 93.5% 29.21% -0.57%
Gross Profit $32.43M $6.145M $23.52M
YoY Change 37.89% -0.29% -6.31%
Gross Profit Margin 22.15% 24.59% 28.53%
Selling, General & Admin $27.36M $6.139M $24.29M
YoY Change 12.65% 3.51% 7.42%
% of Gross Profit 84.36% 99.9% 103.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $371.0K $302.0K $274.0K
YoY Change 35.4% 2.72% -2.84%
% of Gross Profit 1.14% 4.91% 1.16%
Operating Expenses $28.48M $6.365M $25.25M
YoY Change 12.82% 3.13% 7.3%
Operating Profit $3.951M -$220.0K -$1.724M
YoY Change -329.18% 2344.44% -209.18%
Interest Expense -$589.0K -$94.00K -$521.0K
YoY Change 13.05% 4.44% -24.93%
% of Operating Profit -14.91%
Other Income/Expense, Net
YoY Change
Pretax Income $6.164M -$314.0K -$2.230M
YoY Change -376.41% 217.17% -335.73%
Income Tax $961.0K -$943.0K -$505.0K
% Of Pretax Income 15.59%
Net Earnings $5.203M $629.0K -$1.725M
YoY Change -401.62% -961.64% -380.03%
Net Earnings / Revenue 3.55% 2.52% -2.09%
Basic Earnings Per Share $4.73 -$2.75
Diluted Earnings Per Share $4.48 $711.2K -$2.75
COMMON SHARES
Basic Shares Outstanding 938.5K 865.7K 872.1K
Diluted Shares Outstanding 989.5K 872.1K

Balance Sheet

Concept 2021 2020 Q3 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.234M $3.349M $3.349M
YoY Change 86.15% 54.83% 54.83%
Cash & Equivalents $6.234M $3.349M $3.349M
Short-Term Investments
Other Short-Term Assets $3.002M $433.0K $433.0K
YoY Change 593.3% -18.46% -18.46%
Inventory $3.227M $3.666M $3.666M
Prepaid Expenses
Receivables $52.31M $20.25M $20.25M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $64.78M $27.69M $27.69M
YoY Change 133.9% -3.02% -3.02%
LONG-TERM ASSETS
Property, Plant & Equipment $7.913M $4.977M $7.598M
YoY Change 4.15% 25.87% 92.16%
Goodwill $14.15M
YoY Change 4.59%
Intangibles $13.33M
YoY Change -1.95%
Long-Term Investments
YoY Change
Other Assets $577.0K $30.37M $265.0K
YoY Change 117.74% 11.6% 204.6%
Total Long-Term Assets $51.15M $35.34M $35.34M
YoY Change 44.73% 13.41% 13.41%
TOTAL ASSETS
Total Short-Term Assets $64.78M $27.69M $27.69M
Total Long-Term Assets $51.15M $35.34M $35.34M
Total Assets $115.9M $63.04M $63.04M
YoY Change 83.9% 5.55% 5.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $37.24M $20.77M $20.77M
YoY Change 79.32% -5.86% -5.86%
Accrued Expenses $7.592M $3.007M $3.727M
YoY Change 103.7% 32.35% 64.04%
Deferred Revenue
YoY Change
Short-Term Debt $29.64M $8.447M $8.447M
YoY Change 250.86% 0.67% 0.67%
Long-Term Debt Due $2.472M $3.283M $3.283M
YoY Change -24.7% 296.5% 235.0%
Total Short-Term Liabilities $79.56M $38.07M $38.07M
YoY Change 109.01% 9.56% 9.56%
LONG-TERM LIABILITIES
Long-Term Debt $12.82M $7.431M $7.431M
YoY Change 72.45% 12.56% 4.03%
Other Long-Term Liabilities $2.349M $388.0K $2.684M
YoY Change -12.48% 16.17% 703.59%
Total Long-Term Liabilities $15.16M $12.29M $10.12M
YoY Change 49.92% 21.71% 35.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $79.56M $38.07M $38.07M
Total Long-Term Liabilities $15.16M $12.29M $10.12M
Total Liabilities $97.81M $50.35M $50.35M
YoY Change 94.24% 12.29% 12.29%
SHAREHOLDERS EQUITY
Retained Earnings -$1.683M
YoY Change -4107.14%
Common Stock $1.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $240.0K
YoY Change 0.0%
Treasury Stock Shares $20.00K
Shareholders Equity $18.12M $12.68M $12.68M
YoY Change
Total Liabilities & Shareholders Equity $115.9M $63.04M $63.04M
YoY Change 83.9% 5.55% 5.55%

Cashflow Statement

Concept 2021 2020 Q3 2020
OPERATING ACTIVITIES
Net Income $5.203M $629.0K -$1.725M
YoY Change -401.62% -961.64% -380.03%
Depreciation, Depletion And Amortization $371.0K $302.0K $274.0K
YoY Change 35.4% 2.72% -2.84%
Cash From Operating Activities -$201.0K -$1.817M -$554.0K
YoY Change -63.72% -145.61% -107.69%
INVESTING ACTIVITIES
Capital Expenditures $234.0K -$1.009M $1.297M
YoY Change -81.96% 755.08% 208.08%
Acquisitions $15.87M $247.0K
YoY Change 6326.72%
Other Investing Activities -$15.87M -$132.0K -$247.0K
YoY Change 6326.72% -96.89% -96.0%
Cash From Investing Activities -$16.11M -$1.141M -$1.544M
YoY Change 943.26% -73.84% -76.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 19.19M 3.628M 3.284M
YoY Change 484.47% 207.72% 236.82%
NET CHANGE
Cash From Operating Activities -201.0K -1.817M -554.0K
Cash From Investing Activities -16.11M -1.141M -1.544M
Cash From Financing Activities 19.19M 3.628M 3.284M
Net Change In Cash 2.885M 670.0K 1.186M
YoY Change 143.25% -16.35% -24.84%
FREE CASH FLOW
Cash From Operating Activities -$201.0K -$1.817M -$554.0K
Capital Expenditures $234.0K -$1.009M $1.297M
Free Cash Flow -$435.0K -$808.0K -$1.851M
YoY Change -76.5% -119.7% -127.29%

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