2022 Q3 Form 10-Q Financial Statement

#000155837022013308 Filed on August 11, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $420.0K $2.100M $1.372M
YoY Change -86.31% -31.17% -57.99%
Cost Of Revenue $11.00K $1.774M $775.0K
YoY Change -98.79% 74.61% 1.97%
Gross Profit $409.0K $326.0K $597.0K
YoY Change -81.06% -83.98% -76.22%
Gross Profit Margin 97.38% 15.52% 43.51%
Selling, General & Admin $9.549M $22.67M $26.98M
YoY Change -62.33% -18.98% -2.59%
% of Gross Profit 2334.72% 6954.91% 4519.6%
Research & Development $5.391M $4.473M $4.466M
YoY Change 87.12% 44.57% 42.87%
% of Gross Profit 1318.09% 1372.09% 748.07%
Depreciation & Amortization $151.0K $149.0K $157.0K
YoY Change -41.7% -41.34% -36.69%
% of Gross Profit 36.92% 45.71% 26.3%
Operating Expenses $14.99M $28.07M $32.29M
YoY Change -48.56% -12.54% 2.24%
Operating Profit -$14.57M -$25.97M -$30.91M
YoY Change -44.12% -10.58% 9.18%
Interest Expense $1.447M $2.207M $2.035M
YoY Change -30.16% 5.55% -4.95%
% of Operating Profit
Other Income/Expense, Net $43.64M -$2.139M -$2.027M
YoY Change -2222.67%
Pretax Income $29.07M -$28.11M -$32.94M
YoY Change -203.36% -22.98% 8.32%
Income Tax
% Of Pretax Income
Net Earnings $29.07M -$28.11M -$32.94M
YoY Change -203.36% -22.98% 8.32%
Net Earnings / Revenue 6922.14% -1338.62% -2400.95%
Basic Earnings Per Share $19.39 -$0.38 -$0.45
Diluted Earnings Per Share $19.25 -$0.38 -$0.45
COMMON SHARES
Basic Shares Outstanding 73.21M 73.68M 73.64M
Diluted Shares Outstanding 1.510M 73.68M 73.64M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $52.39M $44.57M $70.16M
YoY Change -57.92% -70.22% -55.02%
Cash & Equivalents $52.39M $42.57M $65.17M
Short-Term Investments $1.999M $4.992M
Other Short-Term Assets $32.09M $25.10M $4.542M
YoY Change 655.92% 1051.38% 74.69%
Inventory $0.00 $25.00K $10.53M
Prepaid Expenses
Receivables $190.0K $13.82M $13.02M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $84.67M $83.52M $98.26M
YoY Change -43.21% -51.37% -45.13%
LONG-TERM ASSETS
Property, Plant & Equipment $517.0K $891.0K $2.704M
YoY Change -83.55% -73.92% -11.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $475.0K $519.0K $9.230M
YoY Change -96.67% -95.81% -51.93%
Total Long-Term Assets $1.026M $1.461M $13.32M
YoY Change -97.71% -96.66% -73.76%
TOTAL ASSETS
Total Short-Term Assets $84.67M $83.52M $98.26M
Total Long-Term Assets $1.026M $1.461M $13.32M
Total Assets $85.70M $84.98M $111.6M
YoY Change -55.78% -60.56% -51.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.348M $10.54M $6.218M
YoY Change 25.71% 270.68% 117.79%
Accrued Expenses $25.37M $18.31M $21.24M
YoY Change 30.33% -13.87% 40.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $40.24M $32.89M $32.76M
YoY Change 47.97% 26.14% 63.88%
LONG-TERM LIABILITIES
Long-Term Debt $42.64M $79.80M $79.36M
YoY Change -45.67% 2.24% 9.43%
Other Long-Term Liabilities $3.783M $3.839M $4.739M
YoY Change -85.81% -85.81% -82.77%
Total Long-Term Liabilities $46.43M $83.64M $84.10M
YoY Change -55.85% -20.43% -15.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $40.24M $32.89M $32.76M
Total Long-Term Liabilities $46.43M $83.64M $84.10M
Total Liabilities $86.67M $116.5M $116.9M
YoY Change -34.52% -11.18% -2.65%
SHAREHOLDERS EQUITY
Retained Earnings -$574.4M -$603.4M -$575.3M
YoY Change 16.08% 29.3% 33.74%
Common Stock $1.000K $73.00K $73.00K
YoY Change -98.46% 12.31% 14.06%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$968.0K -$31.55M -$5.284M
YoY Change
Total Liabilities & Shareholders Equity $85.70M $84.98M $111.6M
YoY Change -55.78% -60.56% -51.45%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $29.07M -$28.11M -$32.94M
YoY Change -203.36% -22.98% 8.32%
Depreciation, Depletion And Amortization $151.0K $149.0K $157.0K
YoY Change -41.7% -41.34% -36.69%
Cash From Operating Activities -$15.67M -$25.42M -$24.09M
YoY Change -39.94% 17.64% -26.2%
INVESTING ACTIVITIES
Capital Expenditures -$38.00K -$172.0K -$81.00K
YoY Change -88.45% -47.08% -63.18%
Acquisitions
YoY Change
Other Investing Activities $64.95M $3.000M -$4.992M
YoY Change 1186.12% -86.96% -110.35%
Cash From Investing Activities $64.91M $2.828M -$5.073M
YoY Change 1274.94% -87.53% -110.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -39.87M -10.00K 154.0K
YoY Change -3341.63% -100.17% -99.56%
NET CHANGE
Cash From Operating Activities -15.67M -25.42M -24.09M
Cash From Investing Activities 64.91M 2.828M -5.073M
Cash From Financing Activities -39.87M -10.00K 154.0K
Net Change In Cash 9.374M -22.60M -29.01M
YoY Change -146.56% -427.03% -157.21%
FREE CASH FLOW
Cash From Operating Activities -$15.67M -$25.42M -$24.09M
Capital Expenditures -$38.00K -$172.0K -$81.00K
Free Cash Flow -$15.63M -$25.25M -$24.01M
YoY Change -39.32% 18.63% -25.95%

Facts In Submission

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kala Payment Of Principal On Venture Debt Facility
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CashAndCashEquivalentsAtCarryingValue
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CashAndCashEquivalentsAtCarryingValue
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kala Capital Expenditures Incurred But Not Yet Paid Accounts Payable
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kala Gain Loss On Fair Value Re Measurement Of Deferred Purchase Consideration
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CY2022Q2 us-gaap Available For Sale Securities Debt Securities
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CY2022Q2 us-gaap Lease Cost
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CY2021Q2 us-gaap Lease Cost
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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0.75
CY2022Q2 kala Number Of Employees To Be Terminated
NumberOfEmployeesToBeTerminated
113

Files In Submission

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0001558370-22-013308-index-headers.html Edgar Link pending
0001558370-22-013308-index.html Edgar Link pending
0001558370-22-013308.txt Edgar Link pending
0001558370-22-013308-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
kala-20220630.xsd Edgar Link pending
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kala-20220630_def.xml Edgar Link unprocessable