2023 Q3 Form 10-Q Financial Statement

#000155837023014282 Filed on August 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $38.40M $34.40M
YoY Change 47.78% 12.23%
Cost Of Revenue $34.65M $37.86M
YoY Change 41.52% 43.36%
Gross Profit $3.755M -$3.468M
YoY Change 149.83% -181.89%
Gross Profit Margin 9.78% -10.08%
Selling, General & Admin $24.16M $31.85M
YoY Change 83.46% 83.27%
% of Gross Profit 643.41%
Research & Development $4.670M $5.852M
YoY Change 18.86% 36.31%
% of Gross Profit 124.37%
Depreciation & Amortization $8.510M $8.517M
YoY Change 82.07% 119.17%
% of Gross Profit 226.63%
Operating Expenses $29.92M $38.63M
YoY Change 67.73% 65.69%
Operating Profit -$28.84M -$43.01M
YoY Change 85.14% 159.59%
Interest Expense -$3.380M -$3.223M
YoY Change -171.81% -145.34%
% of Operating Profit
Other Income/Expense, Net $223.0K -$2.298M
YoY Change -95.06% -155.2%
Pretax Income -$28.62M -$45.31M
YoY Change 158.6% 265.23%
Income Tax -$244.0K -$2.049M
% Of Pretax Income
Net Earnings -$18.45M -$21.63M
YoY Change 75.22% 73.68%
Net Earnings / Revenue -48.04% -62.88%
Basic Earnings Per Share -$0.39 -$0.46
Diluted Earnings Per Share -$0.39 -$0.46
COMMON SHARES
Basic Shares Outstanding 47.47M 47.43M
Diluted Shares Outstanding 47.47M 47.43M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $89.90M $114.0M
YoY Change 59.64% 145.63%
Cash & Equivalents $49.12M $84.80M
Short-Term Investments $40.80M $29.19M
Other Short-Term Assets $7.900M $5.609M
YoY Change 3.76% 11.33%
Inventory $27.16M $24.05M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $125.8M $144.9M
YoY Change 30.94% 100.41%
LONG-TERM ASSETS
Property, Plant & Equipment $340.0M $338.9M
YoY Change -1.88% -1.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $86.10M $88.78M
YoY Change -7.24% -3.57%
Other Assets $673.0K $757.0K
YoY Change -38.98% -22.99%
Total Long-Term Assets $446.9M $448.3M
YoY Change -0.48% -0.01%
TOTAL ASSETS
Total Short-Term Assets $125.8M $144.9M
Total Long-Term Assets $446.9M $448.3M
Total Assets $572.7M $593.2M
YoY Change 5.06% 13.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $38.80M $35.11M
YoY Change 27.18% 35.95%
Accrued Expenses $1.000M $1.070M
YoY Change -34.81% -50.71%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $53.46M $52.90M
YoY Change -7.92% 19.68%
LONG-TERM LIABILITIES
Long-Term Debt $40.00M $40.00M
YoY Change -37.34% -37.2%
Other Long-Term Liabilities $4.484M $4.240M
YoY Change 53.19% 46.06%
Total Long-Term Liabilities $44.48M $44.24M
YoY Change -33.37% -33.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $53.46M $52.90M
Total Long-Term Liabilities $44.48M $44.24M
Total Liabilities $138.7M $131.1M
YoY Change -5.51% -5.45%
SHAREHOLDERS EQUITY
Retained Earnings -$1.404B -$1.386B
YoY Change 9.37% 8.83%
Common Stock $1.754B $1.754B
YoY Change 6.7% 7.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $349.9M $368.1M
YoY Change
Total Liabilities & Shareholders Equity $572.7M $593.2M
YoY Change 5.06% 13.93%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$18.45M -$21.63M
YoY Change 75.22% 73.68%
Depreciation, Depletion And Amortization $8.510M $8.517M
YoY Change 82.07% 119.17%
Cash From Operating Activities -$2.280M -$25.15M
YoY Change -63.21% -12.46%
INVESTING ACTIVITIES
Capital Expenditures $16.37M $30.86M
YoY Change -284.18% -833.61%
Acquisitions
YoY Change
Other Investing Activities $0.00 $295.0K
YoY Change 3.15%
Cash From Investing Activities -$16.37M -$30.57M
YoY Change 84.18% 679.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -560.0K -25.54M
YoY Change -102.16% -354.28%
NET CHANGE
Cash From Operating Activities -2.280M -25.15M
Cash From Investing Activities -16.37M -30.57M
Cash From Financing Activities -560.0K -25.54M
Net Change In Cash -19.21M -81.26M
YoY Change -276.87% 259.38%
FREE CASH FLOW
Cash From Operating Activities -$2.280M -$25.15M
Capital Expenditures $16.37M $30.86M
Free Cash Flow -$18.65M -$56.02M
YoY Change -793.05% 128.38%

Facts In Submission

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0001558370-23-014282.txt Edgar Link pending
0001558370-23-014282-xbrl.zip Edgar Link pending
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