2022 Q1 Form 10-Q Financial Statement

#000106505922000021 Filed on May 06, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $35.30M $55.60M
YoY Change -36.51% 23.56%
Cost Of Revenue $29.00M $43.90M
YoY Change -33.94% 72.83%
Gross Profit $6.300M $11.70M
YoY Change -46.15% -40.31%
Gross Profit Margin 17.85% 21.04%
Selling, General & Admin $7.500M $8.200M
YoY Change -8.54% -3.53%
% of Gross Profit 119.05% 70.09%
Research & Development $1.100M $500.0K
YoY Change 120.0% -44.44%
% of Gross Profit 17.46% 4.27%
Depreciation & Amortization $1.300M $2.200M
YoY Change -40.91% 46.67%
% of Gross Profit 20.63% 18.8%
Operating Expenses $8.600M $8.700M
YoY Change -1.15% -7.45%
Operating Profit -$3.400M $900.0K
YoY Change -477.78% -89.89%
Interest Expense $0.00
YoY Change -100.0%
% of Operating Profit 0.0%
Other Income/Expense, Net $3.300M $4.300M
YoY Change -23.26% 95.45%
Pretax Income -$100.0K $5.200M
YoY Change -101.92% -54.39%
Income Tax $300.0K $100.0K
% Of Pretax Income 1.92%
Net Earnings -$400.0K $5.100M
YoY Change -107.84% -54.87%
Net Earnings / Revenue -1.13% 9.17%
Basic Earnings Per Share -$0.03 -$0.17
Diluted Earnings Per Share -$0.03 -$0.17
COMMON SHARES
Basic Shares Outstanding 14.55M shares 12.82M shares
Diluted Shares Outstanding 14.55M shares 12.82M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $168.5M $163.3M
YoY Change 3.18% 49.54%
Cash & Equivalents $168.5M $163.3M
Short-Term Investments
Other Short-Term Assets $9.400M $7.800M
YoY Change 20.51% 0.0%
Inventory $89.40M $83.50M
Prepaid Expenses
Receivables $12.50M $15.50M
Other Receivables $5.300M $6.800M
Total Short-Term Assets $423.1M $406.1M
YoY Change 4.19% 17.2%
LONG-TERM ASSETS
Property, Plant & Equipment $5.500M $5.000M
YoY Change 10.0% 38.89%
Goodwill
YoY Change
Intangibles $53.60M $60.70M
YoY Change -11.7% -10.87%
Long-Term Investments
YoY Change
Other Assets $2.000M $6.200M
YoY Change -67.74% -10.14%
Total Long-Term Assets $114.5M $77.60M
YoY Change 47.55% -7.95%
TOTAL ASSETS
Total Short-Term Assets $423.1M $406.1M
Total Long-Term Assets $114.5M $77.60M
Total Assets $537.6M $483.7M
YoY Change 11.14% 12.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $33.70M $16.90M
YoY Change 99.41% 177.05%
Accrued Expenses $47.10M
YoY Change -7.1%
Deferred Revenue $302.8M $255.5M
YoY Change 18.51% 5.14%
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $6.100M $6.100M
YoY Change 0.0%
Total Short-Term Liabilities $352.5M $338.9M
YoY Change 4.01% 8.17%
LONG-TERM LIABILITIES
Long-Term Debt $130.6M $104.9M
YoY Change 24.5% -5.5%
Other Long-Term Liabilities $9.300M $32.40M
YoY Change -71.3% 5.88%
Total Long-Term Liabilities $9.300M $32.40M
YoY Change -71.3% 5.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $352.5M $338.9M
Total Long-Term Liabilities $9.300M $32.40M
Total Liabilities $670.6M $768.5M
YoY Change -12.74% 1.63%
SHAREHOLDERS EQUITY
Retained Earnings -$285.0M -$410.2M
YoY Change -30.52% 4.19%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$133.0M -$284.8M
YoY Change
Total Liabilities & Shareholders Equity $537.6M $483.7M
YoY Change 11.14% 12.28%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$400.0K $5.100M
YoY Change -107.84% -54.87%
Depreciation, Depletion And Amortization $1.300M $2.200M
YoY Change -40.91% 46.67%
Cash From Operating Activities -$12.60M -$8.500M
YoY Change 48.24% -54.05%
INVESTING ACTIVITIES
Capital Expenditures $100.0K $400.0K
YoY Change -75.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$100.0K -$400.0K
YoY Change -75.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $23.20M
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$3.200M $20.20M
YoY Change -115.84% -773.33%
NET CHANGE
Cash From Operating Activities -$12.60M -$8.500M
Cash From Investing Activities -$100.0K -$400.0K
Cash From Financing Activities -$3.200M $20.20M
Net Change In Cash -$15.90M $11.30M
YoY Change -240.71% -152.56%
FREE CASH FLOW
Cash From Operating Activities -$12.60M -$8.500M
Capital Expenditures $100.0K $400.0K
Free Cash Flow -$12.70M -$8.900M
YoY Change 42.7% -51.89%

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