2024 Q3 Form 10-Q Financial Statement

#000155837024011396 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $52.25M $47.48M
YoY Change 36.05% 38.03%
Cost Of Revenue $29.68M $36.72M
YoY Change -14.34% -3.02%
Gross Profit $13.80M $10.76M
YoY Change 267.59% -410.21%
Gross Profit Margin 26.42% 22.66%
Selling, General & Admin $4.606M $7.451M
YoY Change -80.94% -76.61%
% of Gross Profit 33.37% 69.26%
Research & Development $5.329M $4.984M
YoY Change 14.11% -14.83%
% of Gross Profit 38.61% 46.33%
Depreciation & Amortization $8.921M $7.652M
YoY Change 4.83% -10.16%
% of Gross Profit 64.63% 71.13%
Operating Expenses $10.82M $12.59M
YoY Change -63.84% -67.41%
Operating Profit -$97.00K -$13.95M
YoY Change -99.66% -67.57%
Interest Expense -$4.464M -$13.87M
YoY Change 32.07% 330.44%
% of Operating Profit
Other Income/Expense, Net -$1.170M -$1.424M
YoY Change -624.66% -38.03%
Pretax Income -$1.267M -$15.37M
YoY Change -95.57% -66.08%
Income Tax $814.0K -$2.376M
% Of Pretax Income
Net Earnings -$2.081M -$13.00M
YoY Change -88.72% -39.91%
Net Earnings / Revenue -3.98% -27.37%
Basic Earnings Per Share -$0.04 -$0.26
Diluted Earnings Per Share -$0.04 -$0.26
COMMON SHARES
Basic Shares Outstanding 51.09M 49.44M
Diluted Shares Outstanding 51.95M 49.72M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.23M $42.63M
YoY Change -66.38% -62.61%
Cash & Equivalents $29.23M $40.70M
Short-Term Investments $1.001M $1.945M
Other Short-Term Assets $5.312M $4.052M
YoY Change -32.76% -27.76%
Inventory $21.93M $19.99M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $59.57M $72.15M
YoY Change -52.64% -50.21%
LONG-TERM ASSETS
Property, Plant & Equipment $201.2M $167.8M
YoY Change -40.82% -50.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $401.1M $390.1M
YoY Change 365.8% 339.43%
Other Assets $171.0K $673.0K
YoY Change -74.59% -11.1%
Total Long-Term Assets $608.2M $573.0M
YoY Change 36.1% 27.82%
TOTAL ASSETS
Total Short-Term Assets $59.57M $72.15M
Total Long-Term Assets $608.2M $573.0M
Total Assets $667.8M $645.1M
YoY Change 16.61% 8.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.83M $24.78M
YoY Change -25.69% -29.41%
Accrued Expenses $890.0K $679.0K
YoY Change -11.0% -36.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $9.000M $6.000M
YoY Change
Total Short-Term Liabilities $50.94M $43.02M
YoY Change -4.72% -18.68%
LONG-TERM LIABILITIES
Long-Term Debt $40.00M $40.00M
YoY Change 0.0% 0.0%
Other Long-Term Liabilities $4.251M $4.293M
YoY Change -5.2% 1.25%
Total Long-Term Liabilities $44.25M $44.29M
YoY Change -0.52% 0.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $50.94M $43.02M
Total Long-Term Liabilities $44.25M $44.29M
Total Liabilities $165.7M $159.9M
YoY Change 19.44% 21.99%
SHAREHOLDERS EQUITY
Retained Earnings -$1.301B -$1.299B
YoY Change -7.33% -6.25%
Common Stock $1.804B $1.785B
YoY Change 2.8% 1.74%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $502.1M $485.2M
YoY Change
Total Liabilities & Shareholders Equity $667.8M $645.1M
YoY Change 16.61% 8.76%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$2.081M -$13.00M
YoY Change -88.72% -39.91%
Depreciation, Depletion And Amortization $8.921M $7.652M
YoY Change 4.83% -10.16%
Cash From Operating Activities $23.18M $3.606M
YoY Change -1116.62% -114.34%
INVESTING ACTIVITIES
Capital Expenditures $19.14M $6.631M
YoY Change 16.92% -78.51%
Acquisitions
YoY Change
Other Investing Activities -$14.88M $82.00K
YoY Change -72.2%
Cash From Investing Activities -$34.02M -$6.549M
YoY Change 107.81% -78.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -502.0K 20.18M
YoY Change -10.36% -179.01%
NET CHANGE
Cash From Operating Activities 23.18M 3.606M
Cash From Investing Activities -34.02M -6.549M
Cash From Financing Activities -502.0K 20.18M
Net Change In Cash -11.34M 17.24M
YoY Change -40.96% -121.21%
FREE CASH FLOW
Cash From Operating Activities $23.18M $3.606M
Capital Expenditures $19.14M $6.631M
Free Cash Flow $4.039M -$3.025M
YoY Change -121.66% -94.6%

Facts In Submission

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