2022 Q1 Form 10-Q Financial Statement

#000173128922000085 Filed on May 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $1.887M $0.00
YoY Change -100.0%
Cost Of Revenue $1.456M $0.00
YoY Change -100.0%
Gross Profit $431.0K $0.00
YoY Change -100.0%
Gross Profit Margin 22.84%
Selling, General & Admin $77.18M $65.43M
YoY Change 17.97% 724.54%
% of Gross Profit 17907.89%
Research & Development $74.56M $55.16M
YoY Change 35.16% 129.11%
% of Gross Profit 17298.61%
Depreciation & Amortization $3.111M $1.805M
YoY Change 72.35% 28.2%
% of Gross Profit 721.81%
Operating Expenses $151.7M $120.6M
YoY Change 25.83% 276.7%
Operating Profit -$151.3M -$120.6M
YoY Change 25.47% 276.88%
Interest Expense -$211.0K -$9.000K
YoY Change 2244.44% -114.52%
% of Operating Profit
Other Income/Expense, Net $1.833M $219.0K
YoY Change 736.99% 92.11%
Pretax Income -$150.1M -$119.4M
YoY Change 25.7% 260.32%
Income Tax $0.00 $1.000K
% Of Pretax Income
Net Earnings -$152.9M -$120.2M
YoY Change 27.21% 262.71%
Net Earnings / Revenue -8104.98%
Basic Earnings Per Share -$0.37 -$0.31
Diluted Earnings Per Share -$0.37 -$0.31
COMMON SHARES
Basic Shares Outstanding 415.2M shares 392.2M shares
Diluted Shares Outstanding 415.2M shares 392.5M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $360.1M $763.8M
YoY Change -52.85% 63550.0%
Cash & Equivalents $360.1M $763.8M
Short-Term Investments
Other Short-Term Assets $31.73M $40.60M
YoY Change -21.85%
Inventory $25.85M
Prepaid Expenses $6.846M
Receivables $1.339M
Other Receivables $0.00
Total Short-Term Assets $419.0M $804.4M
YoY Change -47.91% 66932.92%
LONG-TERM ASSETS
Property, Plant & Equipment $264.1M $123.4M
YoY Change 114.0%
Goodwill $5.238M $5.238M
YoY Change 0.0%
Intangibles $97.18M $50.00M
YoY Change 94.36%
Long-Term Investments $62.63M $7.312M
YoY Change 756.59%
Other Assets $3.353M $0.00
YoY Change -100.0%
Total Long-Term Assets $491.3M $198.9M
YoY Change 146.99% -16.52%
TOTAL ASSETS
Total Short-Term Assets $419.0M $804.4M
Total Long-Term Assets $491.3M $198.9M
Total Assets $910.4M $1.003B
YoY Change -9.26% 318.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $77.48M $40.80M
YoY Change 89.9% 40700.0%
Accrued Expenses $108.2M $29.00M
YoY Change 273.1% 28900.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $507.0K $0.00
YoY Change
Total Short-Term Liabilities $183.6M $70.97M
YoY Change 158.76% 5359.31%
LONG-TERM LIABILITIES
Long-Term Debt $25.05M $13.70M
YoY Change 82.81%
Other Long-Term Liabilities $72.23M $6.400M
YoY Change 1028.61%
Total Long-Term Liabilities $72.23M $20.10M
YoY Change 259.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $183.6M $70.97M
Total Long-Term Liabilities $72.23M $20.10M
Total Liabilities $288.2M $91.04M
YoY Change 216.57% 6902.69%
SHAREHOLDERS EQUITY
Retained Earnings -$1.404B -$680.4M
YoY Change 106.28%
Common Stock $42.00K $39.00K
YoY Change 7.69%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $622.2M $912.3M
YoY Change
Total Liabilities & Shareholders Equity $910.4M $1.003B
YoY Change -9.26% 318.92%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$152.9M -$120.2M
YoY Change 27.21% 262.71%
Depreciation, Depletion And Amortization $3.111M $1.805M
YoY Change 72.35% 28.2%
Cash From Operating Activities -$131.3M -$59.25M
YoY Change 121.65% 170.58%
INVESTING ACTIVITIES
Capital Expenditures -$30.11M -$24.52M
YoY Change 22.78%
Acquisitions
YoY Change
Other Investing Activities -$3.348M
YoY Change
Cash From Investing Activities -$33.45M -$24.52M
YoY Change 36.43% 1604.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $27.38M $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $27.65M -$1.758M
YoY Change -1673.04% -113.37%
NET CHANGE
Cash From Operating Activities -$131.3M -$59.25M
Cash From Investing Activities -$33.45M -$24.52M
Cash From Financing Activities $27.65M -$1.758M
Net Change In Cash -$137.1M -$85.53M
YoY Change 60.33% 739.74%
FREE CASH FLOW
Cash From Operating Activities -$131.3M -$59.25M
Capital Expenditures -$30.11M -$24.52M
Free Cash Flow -$101.2M -$34.73M
YoY Change 191.45%

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