2016 Q2 Form 10-Q Financial Statement

#000119312516583808 Filed on May 09, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2016 Q1 2015 Q1
Revenue $59.00K $0.00 $0.00
YoY Change -60.67% -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $5.960M $5.550M $5.400M
YoY Change -3.25% 2.78% 86.21%
% of Gross Profit
Research & Development $24.58M $21.80M $20.75M
YoY Change -8.99% 5.03% 89.01%
% of Gross Profit
Depreciation & Amortization $180.0K $180.0K $140.0K
YoY Change 20.0% 28.57% 250.0%
% of Gross Profit
Operating Expenses $30.54M $27.35M $26.15M
YoY Change -7.92% 4.59% 88.36%
Operating Profit -$30.48M -$27.35M -$26.15M
YoY Change -7.68% 4.59% 90.71%
Interest Expense $330.0K $290.0K $140.0K
YoY Change 22.22% 107.14% 600.0%
% of Operating Profit
Other Income/Expense, Net $318.0K $290.0K $83.00K
YoY Change 0.0% 249.4% 361.11%
Pretax Income -$30.16M -$27.06M -$26.07M
YoY Change -7.77% 3.79% 90.43%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$30.16M -$27.06M -$26.07M
YoY Change -7.76% 3.81% 90.35%
Net Earnings / Revenue -51115.25%
Basic Earnings Per Share
Diluted Earnings Per Share -$838.7K -$754.2K -$738.1K
COMMON SHARES
Basic Shares Outstanding 35.96M shares 35.88M shares 35.68M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q2 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $122.7M $136.4M $246.4M
YoY Change -44.53% -44.64% 70.05%
Cash & Equivalents $37.72M $42.19M $51.45M
Short-Term Investments $85.00M $94.20M $195.0M
Other Short-Term Assets $1.500M $1.700M $2.900M
YoY Change -63.41% -41.38% 7.41%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $124.2M $138.1M $249.3M
YoY Change -44.86% -44.59% 68.95%
LONG-TERM ASSETS
Property, Plant & Equipment $3.170M $3.343M $3.282M
YoY Change -1.98% 1.86% 919.25%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $42.90M $50.20M $38.50M
YoY Change 24.71% 30.39%
Other Assets $111.0K $500.0K $500.0K
YoY Change -72.25% 0.0% -49.85%
Total Long-Term Assets $46.70M $53.99M $42.72M
YoY Change 22.75% 26.39% 2385.22%
TOTAL ASSETS
Total Short-Term Assets $124.2M $138.1M $249.3M
Total Long-Term Assets $46.70M $53.99M $42.72M
Total Assets $170.9M $192.1M $292.0M
YoY Change -35.09% -34.21% 95.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.063M $4.109M $6.957M
YoY Change -9.08% -40.94% 112.56%
Accrued Expenses $11.11M $8.652M $7.417M
YoY Change 19.06% 16.65% 378.52%
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 $15.52M $13.22M $14.70M
YoY Change 10.1% -10.07% 193.16%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.800M $1.900M $1.800M
YoY Change -5.26% 5.56% 958.82%
Total Long-Term Liabilities $1.800M $1.900M $1.800M
YoY Change -5.26% 5.56% 958.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.52M $13.22M $14.70M
Total Long-Term Liabilities $1.800M $1.900M $1.800M
Total Liabilities $17.33M $15.10M $16.52M
YoY Change 8.55% -8.57% 218.51%
SHAREHOLDERS EQUITY
Retained Earnings -$313.7M -$283.6M -$164.4M
YoY Change 59.17% 72.48%
Common Stock $467.2M $460.5M $439.9M
YoY Change 5.08% 4.68% 14663833.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $153.6M $177.0M $275.5M
YoY Change
Total Liabilities & Shareholders Equity $170.9M $192.1M $292.0M
YoY Change -35.09% -34.21% 95.63%

Cashflow Statement

Concept 2016 Q2 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income -$30.16M -$27.06M -$26.07M
YoY Change -7.76% 3.81% 90.35%
Depreciation, Depletion And Amortization $180.0K $180.0K $140.0K
YoY Change 20.0% 28.57% 250.0%
Cash From Operating Activities -$20.89M -$23.17M -$20.23M
YoY Change -25.63% 14.53% 91.39%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K $39.00K $178.0K
YoY Change -98.31% -78.09% 42.4%
Acquisitions
YoY Change
Other Investing Activities $16.22M $6.790M -$169.9M
YoY Change 1018.62% -104.0% 42375.0%
Cash From Investing Activities $16.22M $6.750M -$170.1M
YoY Change 1786.05% -103.97% 31990.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $90.99M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 240.0K 200.0K 91.16M
YoY Change 1100.0% -99.78% 911500.0%
NET CHANGE
Cash From Operating Activities -20.89M -23.17M -20.23M
Cash From Investing Activities 16.22M 6.750M -170.1M
Cash From Financing Activities 240.0K 200.0K 91.16M
Net Change In Cash -4.430M -16.22M -99.15M
YoY Change -83.72% -83.64% 794.05%
FREE CASH FLOW
Cash From Operating Activities -$20.89M -$23.17M -$20.23M
Capital Expenditures -$10.00K $39.00K $178.0K
Free Cash Flow -$20.88M -$23.21M -$20.41M
YoY Change -24.07% 13.73% 90.82%

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IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-2282000
CY2016Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
196000
CY2016Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5554000
CY2016Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
294000
CY2016Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
179000
CY2016Q1 kpti Operating Leases Allowance For Improvements
OperatingLeasesAllowanceForImprovements
1616000

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