2018 Q1 Form 10-Q Financial Statement
#000112534518000058 Filed on May 07, 2018
Income Statement
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
Revenue | $4.695M | $2.055M |
YoY Change | 128.47% | -27.79% |
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $9.200M | $7.500M |
YoY Change | 22.67% | 22.95% |
% of Gross Profit | ||
Research & Development | $45.67M | $32.80M |
YoY Change | 39.23% | 19.95% |
% of Gross Profit | ||
Depreciation & Amortization | $1.338M | $1.978M |
YoY Change | -32.36% | 11.69% |
% of Gross Profit | ||
Operating Expenses | $45.67M | $32.80M |
YoY Change | 39.23% | 19.95% |
Operating Profit | -$50.21M | -$38.21M |
YoY Change | 31.41% | 24.73% |
Interest Expense | ||
YoY Change | ||
% of Operating Profit | ||
Other Income/Expense, Net | $674.0K | $553.0K |
YoY Change | 21.88% | 104.81% |
Pretax Income | -$49.50M | -$37.70M |
YoY Change | 31.3% | 24.01% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$49.54M | -$37.66M |
YoY Change | 31.55% | 24.02% |
Net Earnings / Revenue | -1055.08% | -1832.36% |
Basic Earnings Per Share | -$1.08 | |
Diluted Earnings Per Share | -$1.341M | -$1.08 |
COMMON SHARES | ||
Basic Shares Outstanding | 36.94M shares | 34.96M shares |
Diluted Shares Outstanding | 36.94M shares | 34.96M shares |
Balance Sheet
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $260.1M | $243.1M |
YoY Change | 6.99% | -20.14% |
Cash & Equivalents | $200.4M | $40.52M |
Short-Term Investments | $59.60M | $202.6M |
Other Short-Term Assets | $3.600M | $5.800M |
YoY Change | -37.93% | 152.17% |
Inventory | ||
Prepaid Expenses | $3.328M | $5.018M |
Receivables | $7.281M | $2.093M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $271.0M | $251.0M |
YoY Change | 7.98% | -18.85% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $53.44M | $17.38M |
YoY Change | 207.57% | 21.51% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $5.000M | |
YoY Change | ||
Other Assets | $1.596M | $1.360M |
YoY Change | 17.35% | -32.0% |
Total Long-Term Assets | $55.04M | $23.71M |
YoY Change | 132.09% | 44.6% |
TOTAL ASSETS | ||
Total Short-Term Assets | $271.0M | $251.0M |
Total Long-Term Assets | $55.04M | $23.71M |
Total Assets | $326.1M | $274.7M |
YoY Change | 18.69% | -15.65% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $10.27M | $1.515M |
YoY Change | 577.62% | 37.73% |
Accrued Expenses | $30.49M | $17.96M |
YoY Change | 69.79% | 85.12% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $0.00 | $1.500M |
YoY Change | -100.0% | -28.57% |
Total Short-Term Liabilities | $49.96M | $26.55M |
YoY Change | 88.14% | 49.17% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | -100.0% | |
Other Long-Term Liabilities | $28.80M | $13.50M |
YoY Change | 113.33% | -30.77% |
Total Long-Term Liabilities | $28.80M | $13.50M |
YoY Change | 113.33% | -37.5% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $49.96M | $26.55M |
Total Long-Term Liabilities | $28.80M | $13.50M |
Total Liabilities | $78.80M | $40.08M |
YoY Change | 96.6% | 1.73% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$318.8M | -$330.4M |
YoY Change | -3.5% | |
Common Stock | $615.7M | $565.1M |
YoY Change | 8.94% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $247.3M | $234.6M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $326.1M | $274.7M |
YoY Change | 18.69% | -15.65% |
Cashflow Statement
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$49.54M | -$37.66M |
YoY Change | 31.55% | 24.02% |
Depreciation, Depletion And Amortization | $1.338M | $1.978M |
YoY Change | -32.36% | 11.69% |
Cash From Operating Activities | -$31.30M | -$35.33M |
YoY Change | -11.41% | 10.72% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $14.52M | $1.492M |
YoY Change | 873.12% | -47.3% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $33.91M | -$6.870M |
YoY Change | -593.6% | -29.18% |
Cash From Investing Activities | $19.39M | -$8.360M |
YoY Change | -331.94% | -33.28% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $0.00 | |
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 630.0K | 110.0K |
YoY Change | 472.73% | -50.0% |
NET CHANGE | ||
Cash From Operating Activities | -31.30M | -35.33M |
Cash From Investing Activities | 19.39M | -8.360M |
Cash From Financing Activities | 630.0K | 110.0K |
Net Change In Cash | -11.28M | -43.58M |
YoY Change | -74.12% | -1.45% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$31.30M | -$35.33M |
Capital Expenditures | $14.52M | $1.492M |
Free Cash Flow | -$45.82M | -$36.82M |
YoY Change | 24.43% | 5.99% |
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|
58358000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
600000 | USD |
CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
49983000 | USD |
CY2018Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
53443000 | USD |
CY2017Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
32801000 | USD |
CY2018Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
45670000 | USD |
CY2017Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
298000 | USD |
CY2018Q1 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
0 | USD |
CY2017Q4 | us-gaap |
Restructuring Reserve Current
RestructuringReserveCurrent
|
298000 | USD |
CY2018Q1 | us-gaap |
Restructuring Reserve Current
RestructuringReserveCurrent
|
0 | USD |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-312340000 | USD |
CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-368355000 | USD |
CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-318819000 | USD |
CY2017Q1 | us-gaap |
Revenue From Grants
RevenueFromGrants
|
777000 | USD |
CY2018Q1 | us-gaap |
Revenue From Grants
RevenueFromGrants
|
194000 | USD |
CY2017Q1 | us-gaap |
Revenues
Revenues
|
2055000 | USD |
CY2018Q1 | us-gaap |
Revenues
Revenues
|
4695000 | USD |
CY2017Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3461000 | USD |
CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3432000 | USD |
CY2017Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
2940789 | shares |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
18.61 | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
3600000 | USD |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
51423 | shares |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
1038874 | shares |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
18.75 | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
29749000 | USD |
CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
4504642 | shares |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
5315477 | shares |
CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
19.79 | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
21.97 | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
29334000 | USD |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
5074332 | shares |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
21.76 | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
5.03 | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
20.90 | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
28.49 | |
CY2017Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y3M | |
CY2018Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y3M | |
CY2018Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
25431000 | USD |
CY2018Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P6Y1M6D | |
CY2017 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P7Y | |
CY2018Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P7Y4M24D | |
CY2018Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P7Y4M24D | |
CY2018Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
3300000 | USD |
CY2018Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
176616 | shares |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
299238000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
247276000 | USD |
CY2017Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares |
CY2018Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares |
CY2017Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
34958228 | shares |
CY2018Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
36936560 | shares |
CY2017Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
34958228 | shares |
CY2018Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
36936560 | shares |
CY2017Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
34958228 | shares |
CY2018Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
36936560 | shares |