2021 Form 10-K Financial Statement
#000121390022015871 Filed on March 29, 2022
Income Statement
| Concept | 2021 | 2020 | 2019 |
|---|---|---|---|
| Revenue | $152.0M | $107.5M | $76.43M |
| YoY Change | 41.35% | 40.67% | -56.13% |
| Cost Of Revenue | $194.7M | $90.38M | $76.67M |
| YoY Change | 115.45% | 17.89% | -50.02% |
| Gross Profit | -$42.74M | $17.14M | -$231.0K |
| YoY Change | -349.38% | -7519.91% | -101.11% |
| Gross Profit Margin | -28.12% | 15.94% | -0.3% |
| Selling, General & Admin | $120.6M | $32.61M | $30.88M |
| YoY Change | 269.89% | 5.61% | -35.17% |
| % of Gross Profit | 190.26% | ||
| Research & Development | $34.39M | $16.64M | $26.00M |
| YoY Change | 106.68% | -36.0% | -19.89% |
| % of Gross Profit | 97.07% | ||
| Depreciation & Amortization | $20.71M | $16.79M | $15.39M |
| YoY Change | 23.35% | 9.13% | 20.72% |
| % of Gross Profit | 97.97% | ||
| Operating Expenses | $155.0M | $49.25M | $56.87M |
| YoY Change | 214.75% | -13.41% | -28.98% |
| Operating Profit | -$197.7M | -$32.11M | -$57.10M |
| YoY Change | 515.9% | -43.77% | -3.58% |
| Interest Expense | -$2.496M | -$5.167M | -$5.468M |
| YoY Change | -51.69% | -5.5% | 177.28% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$9.923M | $650.0K | -$145.0K |
| YoY Change | -1626.62% | -548.28% | -94.44% |
| Pretax Income | -$206.5M | -$33.62M | -$59.47M |
| YoY Change | 514.09% | -43.46% | 9.6% |
| Income Tax | $1.000K | $189.0K | |
| % Of Pretax Income | |||
| Net Earnings | -$206.5M | -$33.63M | -$57.54M |
| YoY Change | 514.08% | -41.56% | 4.82% |
| Net Earnings / Revenue | -135.87% | -31.27% | -75.28% |
| Basic Earnings Per Share | -$1.26 | -$0.82 | |
| Diluted Earnings Per Share | -$687.1K | -$111.9K | -$191.5K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 185.9M shares | 99.03M shares | |
| Diluted Shares Outstanding | 185.9M shares | 99.03M shares |
Balance Sheet
| Concept | 2021 | 2020 | 2019 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $480.9M | $21.50M | $28.94M |
| YoY Change | 2137.3% | -25.71% | 144580.0% |
| Cash & Equivalents | $480.9M | $21.50M | $27.98M |
| Short-Term Investments | $0.00 | $958.0K | |
| Other Short-Term Assets | $68.00M | $22.56M | $15.38M |
| YoY Change | 201.36% | 46.71% | |
| Inventory | $53.42M | $44.97M | $57.30M |
| Prepaid Expenses | |||
| Receivables | $99.86M | $97.14M | $101.0M |
| Other Receivables | $4.394M | $3.159M | $4.231M |
| Total Short-Term Assets | $706.6M | $189.3M | $206.8M |
| YoY Change | 273.23% | -8.47% | 1034135.0% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $253.1M | $198.0M | $191.3M |
| YoY Change | 27.8% | 3.5% | |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $33.75M | $14.89M | $14.99M |
| YoY Change | 126.62% | -0.68% | 18641.25% |
| Total Long-Term Assets | $288.7M | $215.2M | $209.0M |
| YoY Change | 34.16% | 2.97% | 261116.25% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $706.6M | $189.3M | $206.8M |
| Total Long-Term Assets | $288.7M | $215.2M | $209.0M |
| Total Assets | $995.3M | $404.5M | $415.8M |
| YoY Change | 146.05% | -2.72% | 415720.0% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $40.41M | $42.01M | $35.58M |
| YoY Change | -3.81% | 18.06% | |
| Accrued Expenses | $28.68M | $54.14M | $32.32M |
| YoY Change | -47.03% | 67.5% | |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $74.25M | $47.97M | $47.09M |
| YoY Change | 54.81% | 1.86% | 58760.0% |
| Long-Term Debt Due | $0.00 | $29.92M | $73.80M |
| YoY Change | -100.0% | -59.47% | |
| Total Short-Term Liabilities | $175.6M | $183.6M | $195.8M |
| YoY Change | -4.37% | -6.22% | 244647.5% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $73.15M | $94.94M | $51.05M |
| YoY Change | -22.95% | 85.97% | |
| Other Long-Term Liabilities | $59.85M | $110.6M | $131.0M |
| YoY Change | -45.88% | -15.54% | |
| Total Long-Term Liabilities | $133.0M | $205.5M | $182.0M |
| YoY Change | -35.29% | 12.93% | |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $175.6M | $183.6M | $195.8M |
| Total Long-Term Liabilities | $133.0M | $205.5M | $182.0M |
| Total Liabilities | $308.6M | $480.0M | $458.4M |
| YoY Change | -35.71% | 4.72% | 572852.5% |
| 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 | $686.7M | -$75.47M | -$42.54M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $995.3M | $404.5M | $415.8M |
| YoY Change | 146.05% | -2.72% | 415720.0% |
Cashflow Statement
| Concept | 2021 | 2020 | 2019 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$206.5M | -$33.63M | -$57.54M |
| YoY Change | 514.08% | -41.56% | 4.82% |
| Depreciation, Depletion And Amortization | $20.71M | $16.79M | $15.39M |
| YoY Change | 23.35% | 9.13% | 20.72% |
| Cash From Operating Activities | -$45.04M | $15.56M | $13.37M |
| YoY Change | -389.53% | 16.34% | -343.46% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$87.86M | -$18.65M | -$20.26M |
| YoY Change | 371.24% | -7.97% | -33.27% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | $971.0K | $16.31M |
| YoY Change | -100.0% | -94.05% | -91.25% |
| Cash From Investing Activities | -$87.86M | -$17.67M | -$3.954M |
| YoY Change | 397.13% | 346.99% | -102.53% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 624.9M | -507.0K | -52.18M |
| YoY Change | -123364.1% | -99.03% | -69.29% |
| NET CHANGE | |||
| Cash From Operating Activities | -45.04M | 15.56M | 13.37M |
| Cash From Investing Activities | -87.86M | -17.67M | -3.954M |
| Cash From Financing Activities | 624.9M | -507.0K | -52.18M |
| Net Change In Cash | 492.0M | -2.625M | -42.76M |
| YoY Change | -18844.69% | -93.86% | 121.0% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$45.04M | $15.56M | $13.37M |
| Capital Expenditures | -$87.86M | -$18.65M | -$20.26M |
| Free Cash Flow | $42.82M | $34.20M | $33.63M |
| YoY Change | 25.21% | 1.69% | 35.22% |
Facts In Submission
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