2023 Q4 Form 10-Q Financial Statement

#000155837023018256 Filed on November 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $58.68M $38.40M
YoY Change 107.79% 47.78%
Cost Of Revenue $45.04M $34.65M
YoY Change 57.87% 41.52%
Gross Profit $13.05M $3.755M
YoY Change -4631.25% 149.83%
Gross Profit Margin 22.24% 9.78%
Selling, General & Admin $5.684M $24.16M
YoY Change -83.74% 83.46%
% of Gross Profit 43.56% 643.41%
Research & Development $3.741M $4.670M
YoY Change 5.65% 18.86%
% of Gross Profit 28.67% 124.37%
Depreciation & Amortization $6.073M $8.510M
YoY Change -17.55% 82.07%
% of Gross Profit 46.54% 226.63%
Operating Expenses $10.31M $29.92M
YoY Change -73.91% 67.73%
Operating Profit $2.740M -$28.84M
YoY Change -106.88% 85.14%
Interest Expense -$47.93M -$3.380M
YoY Change -927.84% -171.81%
% of Operating Profit -1749.34%
Other Income/Expense, Net $352.0K $223.0K
YoY Change -138.34% -95.06%
Pretax Income $177.9M -$28.62M
YoY Change -609.23% 158.6%
Income Tax $36.69M -$244.0K
% Of Pretax Income 20.62%
Net Earnings $138.5M -$18.45M
YoY Change -470.55% 75.22%
Net Earnings / Revenue 235.95% -48.04%
Basic Earnings Per Share $2.89 -$0.39
Diluted Earnings Per Share $2.89 -$0.39
COMMON SHARES
Basic Shares Outstanding 47.49M 47.47M
Diluted Shares Outstanding 47.84M 47.47M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.76M $89.90M
YoY Change -39.72% 59.64%
Cash & Equivalents $23.00M $49.12M
Short-Term Investments $1.743M $40.80M
Other Short-Term Assets $3.067M $7.900M
YoY Change -48.64% 3.76%
Inventory $19.94M $27.16M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $52.66M $125.8M
YoY Change -35.51% 30.94%
LONG-TERM ASSETS
Property, Plant & Equipment $170.0M $340.0M
YoY Change -50.92% -1.88%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $419.4M $86.10M
YoY Change 348.75% -7.24%
Other Assets $673.0K $673.0K
YoY Change -39.15% -38.98%
Total Long-Term Assets $604.6M $446.9M
YoY Change 35.23% -0.48%
TOTAL ASSETS
Total Short-Term Assets $52.66M $125.8M
Total Long-Term Assets $604.6M $446.9M
Total Assets $657.2M $572.7M
YoY Change 24.31% 5.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.66M $38.80M
YoY Change -46.72% 27.18%
Accrued Expenses $978.0K $1.000M
YoY Change -19.51% -34.81%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $30.00M $53.46M
YoY Change -64.36% -7.92%
LONG-TERM LIABILITIES
Long-Term Debt $40.00M $40.00M
YoY Change -25.9% -37.34%
Other Long-Term Liabilities $3.840M $4.484M
YoY Change 0.55% 53.19%
Total Long-Term Liabilities $43.84M $44.48M
YoY Change 1047.94% -33.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $30.00M $53.46M
Total Long-Term Liabilities $43.84M $44.48M
Total Liabilities $154.8M $138.7M
YoY Change -10.22% -5.51%
SHAREHOLDERS EQUITY
Retained Earnings -$1.266B -$1.404B
YoY Change -4.19% 9.37%
Common Stock $1.768B $1.754B
YoY Change 7.56% 6.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $502.4M $349.9M
YoY Change
Total Liabilities & Shareholders Equity $657.2M $572.7M
YoY Change 24.31% 5.06%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $138.5M -$18.45M
YoY Change -470.55% 75.22%
Depreciation, Depletion And Amortization $6.073M $8.510M
YoY Change -17.55% 82.07%
Cash From Operating Activities $16.41M -$2.280M
YoY Change -303.61% -63.21%
INVESTING ACTIVITIES
Capital Expenditures $8.072M $16.37M
YoY Change 14.55% -284.18%
Acquisitions
YoY Change
Other Investing Activities -$39.68M $0.00
YoY Change
Cash From Investing Activities -$47.75M -$16.37M
YoY Change 577.56% 84.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 13.30M -560.0K
YoY Change 332450.0% -102.16%
NET CHANGE
Cash From Operating Activities 16.41M -2.280M
Cash From Investing Activities -47.75M -16.37M
Cash From Financing Activities 13.30M -560.0K
Net Change In Cash -18.04M -19.21M
YoY Change 19.48% -276.87%
FREE CASH FLOW
Cash From Operating Activities $16.41M -$2.280M
Capital Expenditures $8.072M $16.37M
Free Cash Flow $8.333M -$18.65M
YoY Change -155.17% -793.05%

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