2017 Q4 Form 10-Q Financial Statement

#000144181617000010 Filed on December 15, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2016 Q4
Revenue $41.49M $26.31M
YoY Change 57.72%
Cost Of Revenue $11.07M $7.219M
YoY Change 53.36%
Gross Profit $30.42M $19.09M
YoY Change 59.37%
Gross Profit Margin 73.32% 72.56%
Selling, General & Admin $37.88M $25.04M
YoY Change 51.27%
% of Gross Profit 124.53% 131.2%
Research & Development $16.59M $13.30M
YoY Change 24.72%
% of Gross Profit 54.54% 69.68%
Depreciation & Amortization $930.0K $900.0K
YoY Change 3.33%
% of Gross Profit 3.06% 4.72%
Operating Expenses $54.47M $38.34M
YoY Change 42.06%
Operating Profit -$24.05M -$19.26M
YoY Change 24.9%
Interest Expense $0.00 $3.000K
YoY Change -100.0%
% of Operating Profit
Other Income/Expense, Net -$57.00K -$257.0K
YoY Change -77.82%
Pretax Income -$23.88M -$19.43M
YoY Change 22.89%
Income Tax $300.0K $100.0K
% Of Pretax Income
Net Earnings -$24.22M -$19.54M
YoY Change 23.96%
Net Earnings / Revenue -58.37% -74.26%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.333M -$1.573M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q4 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $288.6M
YoY Change
Cash & Equivalents $242.7M $43.86M
Short-Term Investments $45.81M
Other Short-Term Assets $15.10M
YoY Change
Inventory
Prepaid Expenses
Receivables $35.23M
Other Receivables $0.00
Total Short-Term Assets $338.9M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $4.430M
YoY Change
Goodwill $1.700M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.056M
YoY Change
Total Long-Term Assets $15.14M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $338.9M
Total Long-Term Assets $15.14M
Total Assets $354.0M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.147M
YoY Change
Accrued Expenses $10.79M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $117.3M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $23.30M
YoY Change
Total Long-Term Liabilities $23.30M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $117.3M
Total Long-Term Liabilities $23.30M
Total Liabilities $140.8M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$417.4M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.319M
YoY Change
Treasury Stock Shares 99.37K shares
Shareholders Equity $213.2M
YoY Change
Total Liabilities & Shareholders Equity $354.0M
YoY Change

Cashflow Statement

Concept 2017 Q4 2016 Q4
OPERATING ACTIVITIES
Net Income -$24.22M -$19.54M
YoY Change 23.96%
Depreciation, Depletion And Amortization $930.0K $900.0K
YoY Change 3.33%
Cash From Operating Activities -$10.30M -$5.670M
YoY Change 81.66%
INVESTING ACTIVITIES
Capital Expenditures -$80.00K -$780.0K
YoY Change -89.74%
Acquisitions
YoY Change
Other Investing Activities $5.870M $19.92M
YoY Change -70.53%
Cash From Investing Activities $5.790M $19.13M
YoY Change -69.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 206.5M 2.900M
YoY Change 7019.66%
NET CHANGE
Cash From Operating Activities -10.30M -5.670M
Cash From Investing Activities 5.790M 19.13M
Cash From Financing Activities 206.5M 2.900M
Net Change In Cash 202.0M 16.36M
YoY Change 1134.47%
FREE CASH FLOW
Cash From Operating Activities -$10.30M -$5.670M
Capital Expenditures -$80.00K -$780.0K
Free Cash Flow -$10.22M -$4.890M
YoY Change 109.0%

Facts In Submission

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us-gaap Proceeds From Issuance Initial Public Offering
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0 USD
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CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
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10.57
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us-gaap Stock Issued1
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us-gaap Stock Issued1
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0 USD
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">The preparation of the unaudited condensed consolidated financial statements in conformity with U.S.&#160;GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Such estimates include, but are not limited to, revenue recognition, allowances for doubtful accounts, stock-based compensation, fair value of common stock and redeemable convertible preferred stock warrants prior to the IPO, legal contingencies, fair value of acquired intangible assets and goodwill, useful lives of acquired intangible assets and property and equipment, and accounting for income taxes. The Company bases these estimates on historical and anticipated results, trends and various other assumptions that it believes are reasonable under the circumstances, including assumptions as to future events. Actual results could differ from those estimates.</font></div></div>

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