2019 Q4 Form 10-Q Financial Statement

#000112534519000112 Filed on November 06, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q4
Revenue $25.19M $18.74M $15.79M
YoY Change 59.5% -9.89% -89.63%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $11.90M $11.80M $10.50M
YoY Change 13.33% 22.92% 25.0%
% of Gross Profit
Research & Development $52.00M $44.85M $46.90M
YoY Change 10.87% -2.96% 20.26%
% of Gross Profit
Depreciation & Amortization $2.730M $2.640M $3.010M
YoY Change -9.3% -3.3% 124.63%
% of Gross Profit
Operating Expenses $63.80M $44.85M $57.50M
YoY Change 10.96% -2.96% 21.31%
Operating Profit -$37.94M
YoY Change 8.4%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $8.300M -$6.687M -$3.000M
YoY Change -376.67% -785.85% -475.0%
Pretax Income -$30.40M -$44.60M -$44.60M
YoY Change -31.84% 31.18% -142.19%
Income Tax
% Of Pretax Income
Net Earnings -$30.40M -$44.63M -$44.64M
YoY Change -31.91% 31.16% -142.23%
Net Earnings / Revenue -120.66% -238.15% -282.66%
Basic Earnings Per Share
Diluted Earnings Per Share -$621.7K -$912.1K -$1.054M
COMMON SHARES
Basic Shares Outstanding 48.92M shares 48.89M shares 42.26M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $215.8M $254.4M $232.9M
YoY Change -7.34% -2.19% -23.66%
Cash & Equivalents $126.5M $156.6M $220.1M
Short-Term Investments $89.30M $97.80M $12.70M
Other Short-Term Assets $11.30M $12.30M $6.700M
YoY Change 68.66% 173.33% 86.11%
Inventory
Prepaid Expenses $11.29M $12.02M $6.678M
Receivables $12.74M $9.503M $29.58M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $239.8M $276.2M $269.1M
YoY Change -10.9% -3.29% -16.5%
LONG-TERM ASSETS
Property, Plant & Equipment $48.21M $49.97M $56.71M
YoY Change -14.99% -14.81% 13.46%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $24.51M $25.25M $6.294M
YoY Change 289.34% 128.22% 292.88%
Total Long-Term Assets $72.72M $75.22M $63.01M
YoY Change 15.41% 7.9% 22.14%
TOTAL ASSETS
Total Short-Term Assets $239.8M $276.2M $269.1M
Total Long-Term Assets $72.72M $75.22M $63.01M
Total Assets $312.5M $351.5M $332.1M
YoY Change -5.91% -1.1% -11.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.308M $2.543M $4.005M
YoY Change 7.57% 157.91% 63.4%
Accrued Expenses $27.14M $28.39M $33.20M
YoY Change -18.25% -26.22% -13.96%
Deferred Revenue $10.70M $23.57M $21.72M
YoY Change -50.74%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $45.17M $57.63M $59.94M
YoY Change -24.65% 20.01% 20.47%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $38.60M $29.30M
YoY Change -100.0% 56.28% 17.67%
Total Long-Term Liabilities $0.00 $38.60M $29.30M
YoY Change -100.0% 56.28% 17.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.17M $57.63M $59.94M
Total Long-Term Liabilities $0.00 $38.60M $29.30M
Total Liabilities $81.87M $96.25M $89.25M
YoY Change -8.27% 32.38% 19.57%
SHAREHOLDERS EQUITY
Retained Earnings -$642.1M -$611.7M -$490.3M
YoY Change 30.96% 37.26% 56.97%
Common Stock $872.7M $866.9M $733.2M
YoY Change 19.03% 19.03% 19.87%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $230.6M $255.2M $242.9M
YoY Change
Total Liabilities & Shareholders Equity $312.5M $351.5M $332.1M
YoY Change -5.91% -1.1% -11.17%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q4
OPERATING ACTIVITIES
Net Income -$30.40M -$44.63M -$44.64M
YoY Change -31.91% 31.16% -142.23%
Depreciation, Depletion And Amortization $2.730M $2.640M $3.010M
YoY Change -9.3% -3.3% 124.63%
Cash From Operating Activities -$38.04M -$17.39M -$27.22M
YoY Change 39.75% -52.97% -124.34%
INVESTING ACTIVITIES
Capital Expenditures -$1.250M -$780.0K -$710.0K
YoY Change 76.06% -81.52% -93.4%
Acquisitions
YoY Change
Other Investing Activities $8.870M -$5.590M $45.79M
YoY Change -80.63% -232.78% 136.03%
Cash From Investing Activities $7.620M -$6.370M $45.07M
YoY Change -83.09% 63600.0% 421.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 290.0K 40.00K 470.0K
YoY Change -38.3% -71.43% 30.56%
NET CHANGE
Cash From Operating Activities -38.04M -17.39M -27.22M
Cash From Investing Activities 7.620M -6.370M 45.07M
Cash From Financing Activities 290.0K 40.00K 470.0K
Net Change In Cash -30.13M -23.72M 18.32M
YoY Change -264.47% -35.63% -84.84%
FREE CASH FLOW
Cash From Operating Activities -$38.04M -$17.39M -$27.22M
Capital Expenditures -$1.250M -$780.0K -$710.0K
Free Cash Flow -$36.79M -$16.61M -$26.51M
YoY Change 38.78% -49.3% -121.62%

Facts In Submission

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us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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P6Y9M18D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P6Y3M
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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us-gaap Stock Issued During Period Shares Stock Options Exercised
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
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CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
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CY2019Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
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P7Y2M12D
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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14.33
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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18.07
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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2800000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Proceeds From Stock Options Exercised
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900000 USD
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12800000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
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11900000 USD
CY2019Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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40800000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y7M6D

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