2013 Q3 Form 10-Q Financial Statement

#000110465913058569 Filed on August 01, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2013 Q2 2012 Q2
Revenue $0.00 $0.00 $0.00
YoY Change -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.200M $4.200M $2.900M
YoY Change 50.0% 44.83% 0.0%
% of Gross Profit
Research & Development $17.62M $17.88M $11.25M
YoY Change 50.07% 58.87% 8.02%
% of Gross Profit
Depreciation & Amortization $100.0K $100.0K $300.0K
YoY Change -50.0% -66.67% -25.0%
% of Gross Profit
Operating Expenses $21.79M $22.06M $14.13M
YoY Change 49.9% 56.1% 5.77%
Operating Profit -$21.79M -$22.06M -$14.13M
YoY Change 49.9% 56.1% 17.7%
Interest Expense -$721.0K -$724.0K -$486.0K
YoY Change 57.77% 48.97% -1.42%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$22.50M -$22.80M -$14.60M
YoY Change 50.0% 56.16% 16.8%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$22.50M -$22.80M -$14.60M
YoY Change 50.0% 56.16% 16.8%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$11.25M -$11.40M -$9.125M
COMMON SHARES
Basic Shares Outstanding 69.06M shares 69.13M shares 57.64M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q3 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $53.40M $70.20M $44.70M
YoY Change -3.09% 57.05% -28.93%
Cash & Equivalents $25.48M $33.78M $25.59M
Short-Term Investments $27.90M $36.40M $19.10M
Other Short-Term Assets $1.400M $1.600M $800.0K
YoY Change 75.0% 100.0% 0.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $54.74M $71.84M $45.50M
YoY Change -2.07% 57.89% -28.57%
LONG-TERM ASSETS
Property, Plant & Equipment $1.488M $1.620M $1.166M
YoY Change 23.49% 38.94% -16.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $433.0K $464.0K $500.0K
YoY Change -7.08% -7.2% 0.0%
Total Long-Term Assets $1.921M $2.084M $1.700M
YoY Change 12.14% 22.59% -10.53%
TOTAL ASSETS
Total Short-Term Assets $54.74M $71.84M $45.50M
Total Long-Term Assets $1.921M $2.084M $1.700M
Total Assets $56.66M $73.92M $47.20M
YoY Change -1.65% 56.62% -28.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.693M $5.222M $3.500M
YoY Change 54.28% 49.2% 75.0%
Accrued Expenses $12.80M $9.500M $6.900M
YoY Change 72.97% 37.68% 18.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.400M $5.300M $7.900M
YoY Change -6.33% -32.91% 154.84%
Total Short-Term Liabilities $25.93M $20.07M $18.25M
YoY Change 36.73% 9.95% 19.31%
LONG-TERM LIABILITIES
Long-Term Debt $16.10M $18.40M $8.400M
YoY Change 147.69% 119.05% -39.13%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $16.12M $18.42M $8.400M
YoY Change 149.61% 119.25% -39.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.93M $20.07M $18.25M
Total Long-Term Liabilities $16.12M $18.42M $8.400M
Total Liabilities $42.05M $38.49M $26.70M
YoY Change 65.41% 44.15% -8.56%
SHAREHOLDERS EQUITY
Retained Earnings -$527.3M -$504.7M
YoY Change 18.99%
Common Stock $541.9M $540.2M
YoY Change 14.01%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $14.61M $35.44M $20.46M
YoY Change
Total Liabilities & Shareholders Equity $56.66M $73.92M $47.16M
YoY Change -1.65% 56.74% -28.1%

Cashflow Statement

Concept 2013 Q3 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income -$22.50M -$22.80M -$14.60M
YoY Change 50.0% 56.16% 16.8%
Depreciation, Depletion And Amortization $100.0K $100.0K $300.0K
YoY Change -50.0% -66.67% -25.0%
Cash From Operating Activities -$16.59M -$19.92M -$13.10M
YoY Change 25.11% 52.06% 7.82%
INVESTING ACTIVITIES
Capital Expenditures -$20.00K -$390.0K -$60.00K
YoY Change -90.48% 550.0% 50.0%
Acquisitions
YoY Change
Other Investing Activities $8.510M $19.01M $3.760M
YoY Change -228.36% 405.59% -126.61%
Cash From Investing Activities $8.500M $18.62M $3.700M
YoY Change -224.27% 403.24% -126.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -210.0K 120.0K 440.0K
YoY Change -100.88% -72.73% -98.74%
NET CHANGE
Cash From Operating Activities -16.59M -19.92M -13.10M
Cash From Investing Activities 8.500M 18.62M 3.700M
Cash From Financing Activities -210.0K 120.0K 440.0K
Net Change In Cash -8.300M -1.180M -8.960M
YoY Change -315.58% -86.83% -205.16%
FREE CASH FLOW
Cash From Operating Activities -$16.59M -$19.92M -$13.10M
Capital Expenditures -$20.00K -$390.0K -$60.00K
Free Cash Flow -$16.57M -$19.53M -$13.04M
YoY Change 26.97% 49.77% 7.68%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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ShareBasedCompensation
1558000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
851000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
278000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
6000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-128000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-440000 USD
snta Increase Decrease Accrued Contract And Research Costs
IncreaseDecreaseAccruedContractAndResearchCosts
935000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-1503000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-1475000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-42133000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-28349000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
61284000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
13345000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
671000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
212000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-17996000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-9624000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1071000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
306000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
6000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
5000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
12400000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
33491000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-47729000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-4482000 USD
us-gaap Interest Paid
InterestPaid
1322000 USD
us-gaap Interest Paid
InterestPaid
907000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
30075000 USD
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
25593000 USD

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