2022 Q1 Form 10-Q Financial Statement

#000095017022006947 Filed on May 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $9.622M $18.70M
YoY Change -48.55% 445.57%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $10.61M $5.910M
YoY Change 79.54%
% of Gross Profit
Research & Development $35.94M $25.96M
YoY Change 38.45% 114.28%
% of Gross Profit
Depreciation & Amortization $687.0K $485.0K
YoY Change 41.65% 25.32%
% of Gross Profit
Operating Expenses $46.56M $31.87M
YoY Change 46.07% 117.18%
Operating Profit -$36.93M -$13.17M
YoY Change 180.45% 17.09%
Interest Expense $249.0K $90.00K
YoY Change 176.67%
% of Operating Profit
Other Income/Expense, Net $249.0K $94.00K
YoY Change 164.89% -70.16%
Pretax Income -$36.68M -$13.08M
YoY Change 180.46%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$36.68M -$13.08M
YoY Change 180.57% 19.6%
Net Earnings / Revenue -381.25% -69.91%
Basic Earnings Per Share -$0.71
Diluted Earnings Per Share -$710.2K -$292.9K
COMMON SHARES
Basic Shares Outstanding 51.70M 44.81M
Diluted Shares Outstanding 51.65M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $420.8M $333.5M
YoY Change 26.18%
Cash & Equivalents $33.73M $53.10M
Short-Term Investments $387.1M $280.4M
Other Short-Term Assets $9.307M $5.500M
YoY Change 69.22%
Inventory
Prepaid Expenses
Receivables $1.263M $900.0K
Other Receivables $0.00 $800.0K
Total Short-Term Assets $431.4M $340.8M
YoY Change 26.58%
LONG-TERM ASSETS
Property, Plant & Equipment $11.76M $20.50M
YoY Change -42.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $102.5M $101.6M
YoY Change 0.86%
Other Assets $2.022M $1.600M
YoY Change 26.38%
Total Long-Term Assets $131.7M $123.8M
YoY Change 6.36%
TOTAL ASSETS
Total Short-Term Assets $431.4M $340.8M
Total Long-Term Assets $131.7M $123.8M
Total Assets $563.1M $464.6M
YoY Change 21.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.567M $8.300M
YoY Change -69.07%
Accrued Expenses $20.78M $13.00M
YoY Change 59.82%
Deferred Revenue $60.85M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.087M $600.0K
YoY Change 81.17%
Total Short-Term Liabilities $88.34M $110.1M
YoY Change -19.79%
LONG-TERM LIABILITIES
Long-Term Debt $927.0K $500.0K
YoY Change 85.4%
Other Long-Term Liabilities $273.0K $92.00K
YoY Change 196.74%
Total Long-Term Liabilities $273.0K $92.00K
YoY Change 196.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $88.34M $110.1M
Total Long-Term Liabilities $273.0K $92.00K
Total Liabilities $134.3M $189.3M
YoY Change -29.04%
SHAREHOLDERS EQUITY
Retained Earnings -$265.7M -$141.8M
YoY Change 87.32%
Common Stock $697.6M $417.1M
YoY Change 67.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $428.7M $275.2M
YoY Change
Total Liabilities & Shareholders Equity $563.1M $464.6M
YoY Change 21.2%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$36.68M -$13.08M
YoY Change 180.57% 19.6%
Depreciation, Depletion And Amortization $687.0K $485.0K
YoY Change 41.65% 25.32%
Cash From Operating Activities -$40.30M -$22.82M
YoY Change 76.55% 89.29%
INVESTING ACTIVITIES
Capital Expenditures $482.0K $164.0K
YoY Change 193.9% -88.24%
Acquisitions
YoY Change
Other Investing Activities $26.35M $44.50M
YoY Change -40.8%
Cash From Investing Activities $25.86M $44.32M
YoY Change -41.65% -218.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 185.0K 595.0K
YoY Change -68.91% -99.36%
NET CHANGE
Cash From Operating Activities -40.30M -22.82M
Cash From Investing Activities 25.86M 44.32M
Cash From Financing Activities 185.0K 595.0K
Net Change In Cash -14.25M 22.10M
YoY Change -164.48% -49.39%
FREE CASH FLOW
Cash From Operating Activities -$40.30M -$22.82M
Capital Expenditures $482.0K $164.0K
Free Cash Flow -$40.78M -$22.99M
YoY Change 77.39% 70.88%

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