2022 Q1 Form 10-Q Financial Statement

#000095017022007564 Filed on May 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $47.67M $23.26M
YoY Change 104.94% 28.24%
Cost Of Revenue $1.426M $930.0K
YoY Change 53.33% 13.41%
Gross Profit $46.24M $22.33M
YoY Change 107.09% 28.93%
Gross Profit Margin 97.01% 96.0%
Selling, General & Admin $38.77M $37.65M
YoY Change 2.97% 22.73%
% of Gross Profit 83.83% 168.61%
Research & Development $42.06M $37.05M
YoY Change 13.53% 8.98%
% of Gross Profit 90.96% 165.92%
Depreciation & Amortization $177.0K $235.0K
YoY Change -24.68% -2.89%
% of Gross Profit 0.38% 1.05%
Operating Expenses $82.26M $75.63M
YoY Change 8.76% 15.48%
Operating Profit -$34.59M -$52.37M
YoY Change -33.96% 10.59%
Interest Expense $6.684M $5.095M
YoY Change 31.19% -21.72%
% of Operating Profit
Other Income/Expense, Net -$6.683M -$4.892M
YoY Change 36.61% -11.2%
Pretax Income -$41.27M -$57.27M
YoY Change -27.93% 8.32%
Income Tax $130.0K $149.0K
% Of Pretax Income
Net Earnings -$41.40M -$57.41M
YoY Change -27.89% 8.47%
Net Earnings / Revenue -86.84% -246.84%
Basic Earnings Per Share -$0.53
Diluted Earnings Per Share -$533.7K -$770.4K
COMMON SHARES
Basic Shares Outstanding 79.16M
Diluted Shares Outstanding 77.57M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $205.3M $224.4M
YoY Change -8.49% -36.28%
Cash & Equivalents $153.3M $88.47M
Short-Term Investments $52.06M $135.9M
Other Short-Term Assets $29.14M $10.20M
YoY Change 185.64% 18.6%
Inventory $3.874M $3.114M
Prepaid Expenses $12.21M
Receivables $24.99M $17.80M
Other Receivables $0.00 $0.00
Total Short-Term Assets $276.5M $255.5M
YoY Change 8.23% -31.11%
LONG-TERM ASSETS
Property, Plant & Equipment $1.544M $1.984M
YoY Change -22.18% -84.85%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $7.700M
YoY Change -75.48%
Other Assets $8.438M $700.0K
YoY Change 1105.43% 0.0%
Total Long-Term Assets $17.50M $19.40M
YoY Change -9.78% -57.08%
TOTAL ASSETS
Total Short-Term Assets $276.5M $255.5M
Total Long-Term Assets $17.50M $19.40M
Total Assets $294.0M $274.9M
YoY Change 6.96% -33.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.440M $3.040M
YoY Change 13.16% 78.82%
Accrued Expenses $58.37M $55.61M
YoY Change 4.96% 22.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $66.34M $62.01M
YoY Change 6.98% 24.76%
LONG-TERM LIABILITIES
Long-Term Debt $302.5M $241.8M
YoY Change 25.1% 30.42%
Other Long-Term Liabilities $8.286M $10.70M
YoY Change -22.56% -28.19%
Total Long-Term Liabilities $310.8M $252.5M
YoY Change 23.08% 26.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $66.34M $62.01M
Total Long-Term Liabilities $310.8M $252.5M
Total Liabilities $377.1M $314.5M
YoY Change 19.89% 25.82%
SHAREHOLDERS EQUITY
Retained Earnings -$1.220B -$1.112B
YoY Change 9.72%
Common Stock $1.137B $1.072B
YoY Change 6.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$83.08M -$39.64M
YoY Change
Total Liabilities & Shareholders Equity $294.0M $274.9M
YoY Change 6.96% -33.93%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$41.40M -$57.41M
YoY Change -27.89% 8.47%
Depreciation, Depletion And Amortization $177.0K $235.0K
YoY Change -24.68% -2.89%
Cash From Operating Activities -$59.20M -$52.89M
YoY Change 11.93% 17.5%
INVESTING ACTIVITIES
Capital Expenditures $79.00K $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities -$13.96M $43.19M
YoY Change -132.31% -192.94%
Cash From Investing Activities -$14.04M $43.19M
YoY Change -132.5% -192.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 30.78M 10.68M
YoY Change 188.34% -93.52%
NET CHANGE
Cash From Operating Activities -59.20M -52.89M
Cash From Investing Activities -14.04M 43.19M
Cash From Financing Activities 30.78M 10.68M
Net Change In Cash -42.54M 883.0K
YoY Change -4917.55% -98.79%
FREE CASH FLOW
Cash From Operating Activities -$59.20M -$52.89M
Capital Expenditures $79.00K $0.00
Free Cash Flow -$59.28M -$52.89M
YoY Change 12.08% 17.47%

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