2022 Q1 Form 10-Q Financial Statement
#000121390022027127 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $69.71M | $33.13M |
| YoY Change | 110.43% | 97.2% |
| Cost Of Revenue | $21.20M | $9.903M |
| YoY Change | 114.12% | 1000.33% |
| Gross Profit | $48.51M | $23.23M |
| YoY Change | 108.85% | 47.01% |
| Gross Profit Margin | 69.58% | 70.11% |
| Selling, General & Admin | $23.21M | $10.15M |
| YoY Change | 128.71% | -32.35% |
| % of Gross Profit | 47.84% | 43.69% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $3.421M | $514.0K |
| YoY Change | 565.56% | 71.33% |
| % of Gross Profit | 7.05% | 2.21% |
| Operating Expenses | $79.07M | $24.00M |
| YoY Change | 229.51% | 8.57% |
| Operating Profit | -$30.56M | -$768.0K |
| YoY Change | 3878.52% | -87.81% |
| Interest Expense | -$6.174M | -$41.41M |
| YoY Change | -85.09% | 6801.67% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$1.666M | -$31.20M |
| YoY Change | -94.66% | |
| Pretax Income | -$38.40M | -$73.38M |
| YoY Change | -47.68% | 979.13% |
| Income Tax | -$28.42M | $25.00K |
| % Of Pretax Income | ||
| Net Earnings | -$9.978M | -$76.17M |
| YoY Change | -86.9% | 468.46% |
| Net Earnings / Revenue | -14.31% | -229.92% |
| Basic Earnings Per Share | -$0.03 | -$1.68 |
| Diluted Earnings Per Share | -$43.24K | -$290.1K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 230.7M shares | 48.35M shares |
| Diluted Shares Outstanding | 7.691M |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $185.0M | $590.0K |
| YoY Change | 31257.46% | |
| Cash & Equivalents | $249.0M | |
| Short-Term Investments | ||
| Other Short-Term Assets | $8.370M | $120.0K |
| YoY Change | 6875.0% | |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $131.3M | |
| Other Receivables | $14.21M | |
| Total Short-Term Assets | $338.9M | $710.0K |
| YoY Change | 47636.48% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $10.86M | |
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $350.3M | |
| YoY Change | ||
| Other Assets | $63.98M | |
| YoY Change | ||
| Total Long-Term Assets | $470.3M | $350.3M |
| YoY Change | 34.27% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $338.9M | $710.0K |
| Total Long-Term Assets | $470.3M | $350.3M |
| Total Assets | $809.2M | $351.0M |
| YoY Change | 130.56% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $43.93M | $340.0K |
| YoY Change | 12821.47% | |
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $43.93M | $350.0K |
| YoY Change | 12452.29% | |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $240.9M | |
| YoY Change | ||
| Other Long-Term Liabilities | $86.30M | $43.04M |
| YoY Change | 100.51% | |
| Total Long-Term Liabilities | $327.2M | $43.04M |
| YoY Change | 660.25% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $43.93M | $350.0K |
| Total Long-Term Liabilities | $327.2M | $43.04M |
| Total Liabilities | $371.1M | $43.39M |
| YoY Change | 755.37% | |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $438.1M | $307.6M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $809.2M | $351.0M |
| YoY Change | 130.56% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$9.978M | -$76.17M |
| YoY Change | -86.9% | 468.46% |
| Depreciation, Depletion And Amortization | $3.421M | $514.0K |
| YoY Change | 565.56% | 71.33% |
| Cash From Operating Activities | -$8.651M | $3.291M |
| YoY Change | -362.87% | |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$823.0K | -$35.00K |
| YoY Change | 2251.43% | |
| Acquisitions | $18.58M | |
| YoY Change | ||
| Other Investing Activities | -$41.46M | -$15.11M |
| YoY Change | 174.36% | |
| Cash From Investing Activities | -$42.28M | -$15.15M |
| YoY Change | 179.16% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 53.69M | 50.74M |
| YoY Change | 5.81% | |
| NET CHANGE | ||
| Cash From Operating Activities | -8.651M | 3.291M |
| Cash From Investing Activities | -42.28M | -15.15M |
| Cash From Financing Activities | 53.69M | 50.74M |
| Net Change In Cash | 2.763M | 38.89M |
| YoY Change | -92.9% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$8.651M | $3.291M |
| Capital Expenditures | -$823.0K | -$35.00K |
| Free Cash Flow | -$7.828M | $3.326M |
| YoY Change | -335.36% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | dei |
Entity Central Index Key
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Earnings Per Share Basic
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|
-0.03 | |
| CY2021Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.68 | |
| CY2022Q1 | us-gaap |
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|
230737284 | shares |
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Weighted Average Number Of Shares Outstanding Basic
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|
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|
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