2018 Q1 Form 10-Q Financial Statement

#000112534518000058 Filed on May 07, 2018

View on sec.gov

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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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

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