2024 Q4 Form 10-Q Financial Statement

#000162828024046320 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $8.400M $4.700M
YoY Change 78.72% -339.01%
Cost Of Revenue $20.00M $4.200M
YoY Change 376.19% 17.59%
Gross Profit -$11.60M $500.0K
YoY Change -2420.0% -109.03%
Gross Profit Margin -138.1% 10.64%
Selling, General & Admin $12.90M $34.10M
YoY Change -62.17% 44.09%
% of Gross Profit 6820.0%
Research & Development $700.0K $2.200M
YoY Change -68.18% 327.38%
% of Gross Profit 440.0%
Depreciation & Amortization $4.200M $4.600M
YoY Change -8.7% 33.23%
% of Gross Profit 920.0%
Operating Expenses $12.90M $44.10M
YoY Change -70.75% 52.62%
Operating Profit -$25.20M -$43.60M
YoY Change -42.2% 26.62%
Interest Expense $81.70M $9.800M
YoY Change 733.67% 40.15%
% of Operating Profit
Other Income/Expense, Net $81.70M -$200.0K
YoY Change -40950.0% 144.44%
Pretax Income $56.50M -$130.5M
YoY Change -143.3% 374.17%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings $56.50M -$130.5M
YoY Change -143.3% 374.9%
Net Earnings / Revenue 672.62% -2776.6%
Basic Earnings Per Share $2.15 -$1.38
Diluted Earnings Per Share $2.43 -$0.73
COMMON SHARES
Basic Shares Outstanding 23.22M shares 22.50M shares 22.30M shares
Diluted Shares Outstanding 26.20M shares 22.30M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $32.20M $137.4M
YoY Change -76.56% -78.83%
Cash & Equivalents $32.20M $137.4M
Short-Term Investments
Other Short-Term Assets $31.30M $51.80M
YoY Change -39.58% -44.73%
Inventory $9.200M $3.900M
Prepaid Expenses
Receivables $8.200M $2.300M
Other Receivables $1.200M $3.500M
Total Short-Term Assets $82.10M $198.9M
YoY Change -58.72% -73.76%
LONG-TERM ASSETS
Property, Plant & Equipment $693.2M $549.9M
YoY Change 26.06% 280.12%
Goodwill
YoY Change
Intangibles $1.700M
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.800M $12.10M
YoY Change -43.8% 473.58%
Total Long-Term Assets $788.5M $562.0M
YoY Change 40.3% 282.9%
TOTAL ASSETS
Total Short-Term Assets $82.10M $198.9M
Total Long-Term Assets $788.5M $562.0M
Total Assets $870.6M $760.9M
YoY Change 14.42% -15.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $105.1M $19.30M
YoY Change 444.56% 14.39%
Accrued Expenses $24.20M $79.80M
YoY Change -69.67% 269.68%
Deferred Revenue $0.00
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.700M
YoY Change 3.9%
Total Short-Term Liabilities $135.8M $104.8M
YoY Change 29.58% 138.48%
LONG-TERM LIABILITIES
Long-Term Debt $342.6M $344.6M
YoY Change -0.58% 2.45%
Other Long-Term Liabilities $96.90M $7.900M
YoY Change 1126.58% 1718.22%
Total Long-Term Liabilities $439.5M $352.5M
YoY Change 24.68% 4.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $135.8M $104.8M
Total Long-Term Liabilities $439.5M $352.5M
Total Liabilities $575.3M $457.3M
YoY Change 25.8% 20.02%
SHAREHOLDERS EQUITY
Retained Earnings -$360.0M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $295.3M $303.6M
YoY Change
Total Liabilities & Shareholders Equity $870.6M $760.9M
YoY Change 14.42% -15.91%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income $56.50M -$130.5M
YoY Change -143.3% 374.9%
Depreciation, Depletion And Amortization $4.200M $4.600M
YoY Change -8.7% 33.23%
Cash From Operating Activities -$20.50M -$22.40M
YoY Change -8.48% -11.07%
INVESTING ACTIVITIES
Capital Expenditures $5.200M $177.3M
YoY Change -97.07% -699.89%
Acquisitions
YoY Change
Other Investing Activities $52.10M
YoY Change -199.13%
Cash From Investing Activities -$5.200M -$125.2M
YoY Change -95.85% 52.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.200M -3.800M
YoY Change -131.58% -101.54%
NET CHANGE
Cash From Operating Activities -20.50M -22.40M
Cash From Investing Activities -5.200M -125.2M
Cash From Financing Activities 1.200M -3.800M
Net Change In Cash -24.50M -151.4M
YoY Change -83.82% -208.37%
FREE CASH FLOW
Cash From Operating Activities -$20.50M -$22.40M
Capital Expenditures $5.200M $177.3M
Free Cash Flow -$25.70M -$199.7M
YoY Change -87.13% -4673.77%

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2024-09-30
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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13600000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Three
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2023Q4 us-gaap Other Assets Noncurrent
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CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
400000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
200000 usd
CY2024Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1700000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1800000 usd
CY2024Q3 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
108400000 usd
CY2023Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
134500000 usd
CY2024Q3 licy Accrued Expenses
AccruedExpenses
17400000 usd
CY2023Q4 licy Accrued Expenses
AccruedExpenses
14500000 usd
CY2024Q3 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
6800000 usd
CY2023Q4 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
3100000 usd
CY2024Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
132600000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
152100000 usd
CY2024Q3 licy Accounts Payable Noncurrent
AccountsPayableNoncurrent
3300000 usd
CY2023Q4 licy Accounts Payable Noncurrent
AccountsPayableNoncurrent
0 usd
CY2024Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
129300000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
152100000 usd
licy Restructuring And Related Cost Payment Extensions Term Of Original Payment
RestructuringAndRelatedCostPaymentExtensionsTermOfOriginalPayment
P1Y
CY2024Q1 licy Restructuring And Related Cost Number Of Positions Expected To Be Eliminated Percent
RestructuringAndRelatedCostNumberOfPositionsExpectedToBeEliminatedPercent
0.17
CY2024Q3 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
342600000 usd
CY2023Q4 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
288100000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
163700000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
314500000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
130900000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
609100000 usd
licy Debt Instrument Increase Decrease In Equity Component Of Convertible Debt
DebtInstrumentIncreaseDecreaseInEquityComponentOfConvertibleDebt
156000000.0 usd
licy Debt Instrument Increase Decrease Liability Component Of Convertible Debt
DebtInstrumentIncreaseDecreaseLiabilityComponentOfConvertibleDebt
-22100000 usd
us-gaap Debt Instrument Increase Decrease For Period Net
DebtInstrumentIncreaseDecreaseForPeriodNet
133900000 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
75000000.0 usd
CY2024Q3 us-gaap Receivables Fair Value Disclosure
ReceivablesFairValueDisclosure
100000 usd
CY2024Q3 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
46300000 usd
CY2023Q4 us-gaap Receivables Fair Value Disclosure
ReceivablesFairValueDisclosure
600000 usd
CY2023Q4 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
400000 usd
CY2023Q4 licy Number Of Shareholder Lawsuits
NumberOfShareholderLawsuits
3 lawsuit
CY2024Q3 us-gaap Other Commitment
OtherCommitment
965100000 usd
CY2024Q3 us-gaap Other Commitments Future Minimum Payments Remainder Of Fiscal Year
OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear
143100000 usd
CY2024Q3 licy Other Commitment To Be Paid Years One Through Three
OtherCommitmentToBePaidYearsOneThroughThree
180400000 usd
CY2024Q3 licy Other Commitment To Be Paid Years Three Through Five
OtherCommitmentToBePaidYearsThreeThroughFive
482300000 usd
CY2024Q3 us-gaap Other Commitment Due After Fifth Year
OtherCommitmentDueAfterFifthYear
159300000 usd
CY2024Q3 us-gaap Purchase Obligation
PurchaseObligation
5900000 usd
CY2023Q4 us-gaap Purchase Obligation
PurchaseObligation
8300000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
56500000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-30700000 usd
us-gaap Net Income Loss
NetIncomeLoss
-88400000 usd
us-gaap Net Income Loss
NetIncomeLoss
-99000000.0 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23200000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22200000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26200000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22200000 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.15
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.38
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.81
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.47
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.43
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.38
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.81
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-4.47
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
26300000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4700000 shares
CY2024Q3 licy Number Of Key Customers
NumberOfKeyCustomers
8 customer
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8400000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4700000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21000000.0 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11900000 usd
CY2024Q3 us-gaap Assets Noncurrent
AssetsNoncurrent
788500000 usd
CY2023Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
737000000.0 usd
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21000000.0 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11900000 usd
CY2024Q3 us-gaap Assets Noncurrent
AssetsNoncurrent
788500000 usd
CY2023Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
737000000.0 usd
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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