2023 Q4 Form 10-K Financial Statement

#000162527824000030 Filed on February 20, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022 Q4
Revenue $133.7M $599.4M $142.0M
YoY Change -5.85% 11.23% 42.71%
Cost Of Revenue $13.80M $54.00M $12.20M
YoY Change 13.11% 35.68% 69.44%
Gross Profit $119.9M $545.4M $129.8M
YoY Change -7.63% 9.28% 40.63%
Gross Profit Margin 89.68% 90.99% 91.41%
Selling, General & Admin $95.00M $461.3M $101.9M
YoY Change -6.77% 6.34% 35.69%
% of Gross Profit 79.23% 84.58% 78.51%
Research & Development $20.30M $80.50M $19.40M
YoY Change 4.64% 3.74% 4.3%
% of Gross Profit 16.93% 14.76% 14.95%
Depreciation & Amortization $12.20M $48.20M $11.40M
YoY Change 7.02% 30.27% 58.33%
% of Gross Profit 10.18% 8.84% 8.78%
Operating Expenses $115.3M $541.8M $121.9M
YoY Change -5.41% 5.94% 19.86%
Operating Profit $4.600M $3.600M $7.900M
YoY Change -41.77% -118.95% -184.04%
Interest Expense $700.0K $800.0K -$300.0K
YoY Change -333.33% -68.0% -123.08%
% of Operating Profit 15.22% 22.22% -3.8%
Other Income/Expense, Net $2.700M
YoY Change -370.0%
Pretax Income $5.300M $6.300M $7.600M
YoY Change -30.26% -131.5% -193.83%
Income Tax $7.600M $18.10M -$1.300M
% Of Pretax Income 143.4% 287.3% -17.11%
Net Earnings -$2.300M -$11.80M $8.900M
YoY Change -125.84% 15.69% -212.66%
Net Earnings / Revenue -1.72% -1.97% 6.27%
Basic Earnings Per Share -$0.15
Diluted Earnings Per Share -$0.03 -$0.15 $0.12
COMMON SHARES
Basic Shares Outstanding 76.70M shares
Diluted Shares Outstanding 76.70M shares

Balance Sheet

Concept 2023 Q4 2023 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $100.4M $100.4M $85.90M
YoY Change 16.88% 16.88% -49.41%
Cash & Equivalents $100.4M $100.4M $83.90M
Short-Term Investments $2.100M $2.100M $2.000M
Other Short-Term Assets $1.400M $22.50M $100.0K
YoY Change 1300.0% 114.29% 0.0%
Inventory
Prepaid Expenses $13.50M $10.40M
Receivables $75.50M $75.50M $92.80M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $198.4M $198.4M $189.2M
YoY Change 4.86% 4.86% -22.08%
LONG-TERM ASSETS
Property, Plant & Equipment $52.60M $59.80M $49.10M
YoY Change 7.13% -0.99% 40.69%
Goodwill $111.5M $111.2M
YoY Change 0.27% 153.88%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.000M $2.000M $800.0K
YoY Change 150.0% 150.0% -27.27%
Total Long-Term Assets $220.2M $220.2M $236.5M
YoY Change -6.89% -6.89% 94.97%
TOTAL ASSETS
Total Short-Term Assets $198.4M $198.4M $189.2M
Total Long-Term Assets $220.2M $220.2M $236.5M
Total Assets $418.6M $418.6M $425.7M
YoY Change -1.67% -1.67% 16.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.700M $1.700M $3.600M
YoY Change -52.78% -52.78% 12.5%
Accrued Expenses $35.60M $35.60M $37.90M
YoY Change -6.07% -6.07% 18.07%
Deferred Revenue $4.100M $0.00
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $37.30M $37.30M $72.40M
YoY Change -48.48% -48.48% 10.03%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $14.40M $14.40M $11.60M
YoY Change 24.14% 24.14% -21.09%
Total Long-Term Liabilities $14.40M $14.40M $11.60M
YoY Change 24.14% 24.14% -21.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $37.30M $37.30M $72.40M
Total Long-Term Liabilities $14.40M $14.40M $11.60M
Total Liabilities $51.70M $51.70M $84.00M
YoY Change -38.45% -38.45% -21.13%
SHAREHOLDERS EQUITY
Retained Earnings -$116.5M -$84.70M
YoY Change 37.54% 13.69%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $366.9M $366.9M $341.7M
YoY Change
Total Liabilities & Shareholders Equity $418.6M $418.6M $425.7M
YoY Change -1.67% -1.67% 16.92%

Cashflow Statement

Concept 2023 Q4 2023 2022 Q4
OPERATING ACTIVITIES
Net Income -$2.300M -$11.80M $8.900M
YoY Change -125.84% 15.69% -212.66%
Depreciation, Depletion And Amortization $12.20M $48.20M $11.40M
YoY Change 7.02% 30.27% 58.33%
Cash From Operating Activities $29.60M $72.10M $20.10M
YoY Change 47.26% 188.4% 131.03%
INVESTING ACTIVITIES
Capital Expenditures $9.400M $700.0K $7.400M
YoY Change 27.03% -84.78% -210.45%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $0.00 $0.00 $1.400M
YoY Change -100.0% -100.0%
Cash From Investing Activities -$9.400M -$29.50M -$6.000M
YoY Change 56.67% -70.59% -10.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.400M -$26.20M -68.70M
YoY Change -90.68% 211.9% -160.05%
NET CHANGE
Cash From Operating Activities 29.60M $72.10M 20.10M
Cash From Investing Activities -9.400M -$29.50M -6.000M
Cash From Financing Activities -6.400M -$26.20M -68.70M
Net Change In Cash 13.80M $16.50M -54.60M
YoY Change -125.27% -119.67% -146.91%
FREE CASH FLOW
Cash From Operating Activities $29.60M $72.10M $20.10M
Capital Expenditures $9.400M $700.0K $7.400M
Free Cash Flow $20.20M $71.40M $12.70M
YoY Change 59.06% 250.0% -17.53%

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exhibit231-auditorconsent.htm Edgar Link pending
exhibit311-302certificatio.htm Edgar Link pending
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