2023 Q4 Form 10-Q Financial Statement

#000159699323000065 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $163.1M $144.7M
YoY Change 57.82% 90.47%
Cost Of Revenue $9.133M $13.30M
YoY Change 61.94% 97.74%
Gross Profit $153.9M $131.4M
YoY Change 57.58% 89.77%
Gross Profit Margin 94.4% 90.81%
Selling, General & Admin $7.659M $13.60M
YoY Change 10.24% 66.34%
% of Gross Profit 4.98% 10.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.38M $17.00M
YoY Change 8.91% 6.67%
% of Gross Profit 11.29% 12.94%
Operating Expenses $43.59M $50.90M
YoY Change 8.47% 23.83%
Operating Profit $110.3M $80.49M
YoY Change 91.92% 186.05%
Interest Expense -$10.35M -$4.100M
YoY Change 57.79% -45.0%
% of Operating Profit -9.38% -5.09%
Other Income/Expense, Net -$10.37M -$3.975M
YoY Change 66.41% -49.2%
Pretax Income $99.97M $76.50M
YoY Change 95.02% 276.63%
Income Tax
% Of Pretax Income
Net Earnings $99.97M $76.51M
YoY Change 95.02% 276.7%
Net Earnings / Revenue 61.31% 52.88%
Basic Earnings Per Share $2.48 $1.90
Diluted Earnings Per Share $2.47 $1.89
COMMON SHARES
Basic Shares Outstanding 40.61M 40.39M
Diluted Shares Outstanding 40.51M 40.41M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $208.5M $192.0M
YoY Change 60.58% 35.89%
Cash & Equivalents $208.5M $192.0M
Short-Term Investments
Other Short-Term Assets $14.96M $15.70M
YoY Change 58.83% 71.66%
Inventory $2.573M $2.685M
Prepaid Expenses
Receivables $2.782M $1.011M
Other Receivables $110.6M $65.99M
Total Short-Term Assets $339.3M $277.4M
YoY Change 48.79% 33.21%
LONG-TERM ASSETS
Property, Plant & Equipment $1.224B $1.238B
YoY Change 0.33% 0.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $9.718M $9.500M
YoY Change
Other Assets $2.537M $83.42K
YoY Change 18.82% -96.18%
Total Long-Term Assets $1.481B $1.507B
YoY Change 13.72% 17.68%
TOTAL ASSETS
Total Short-Term Assets $339.3M $277.4M
Total Long-Term Assets $1.481B $1.507B
Total Assets $1.820B $1.784B
YoY Change 18.94% 19.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.44M $12.45M
YoY Change 14.74% 43.73%
Accrued Expenses $4.170M $5.095M
YoY Change -32.75% -2.81%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $53.43M $53.32M
YoY Change 2.49% 2.48%
Total Short-Term Liabilities $102.5M $105.3M
YoY Change 22.15% 48.34%
LONG-TERM LIABILITIES
Long-Term Debt $564.7M $578.2M
YoY Change -2.17% -2.0%
Other Long-Term Liabilities $1.512M $1.454M
YoY Change -0.47% 3.53%
Total Long-Term Liabilities $733.8M $755.4M
YoY Change 20.46% 27.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $102.5M $105.3M
Total Long-Term Liabilities $733.8M $755.4M
Total Liabilities $836.3M $860.7M
YoY Change 20.66% 29.8%
SHAREHOLDERS EQUITY
Retained Earnings $338.5M $279.1M
YoY Change 72.56% 50.68%
Common Stock $519.6K $519.6K
YoY Change 0.7% 0.73%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $984.1M $923.3M
YoY Change
Total Liabilities & Shareholders Equity $1.820B $1.784B
YoY Change 18.94% 19.86%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $99.97M $76.51M
YoY Change 95.02% 276.7%
Depreciation, Depletion And Amortization $17.38M $17.00M
YoY Change 8.91% 6.67%
Cash From Operating Activities $70.61M $100.3M
YoY Change 65.09% 103.95%
INVESTING ACTIVITIES
Capital Expenditures $551.5K $5.100M
YoY Change -36.2% -1247.23%
Acquisitions
YoY Change
Other Investing Activities $51.55K -$2.000M
YoY Change 11.01%
Cash From Investing Activities -$499.9K -$7.100M
YoY Change -42.16% 216.1%
FINANCING ACTIVITIES
Cash Dividend Paid $40.30M $700.0K
YoY Change 0.5% 75.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -53.69M -56.70M
YoY Change -0.02% -6.85%
NET CHANGE
Cash From Operating Activities 70.61M 100.3M
Cash From Investing Activities -499.9K -7.100M
Cash From Financing Activities -53.69M -56.70M
Net Change In Cash 16.42M 36.50M
YoY Change -239.19% -361.88%
FREE CASH FLOW
Cash From Operating Activities $70.61M $100.3M
Capital Expenditures $551.5K $5.100M
Free Cash Flow $70.06M $95.20M
YoY Change 67.18% 91.84%

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CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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