2024 Q1 Form 10-K Financial Statement

#000155837024003672 Filed on March 21, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.364M $3.963M $19.71M
YoY Change -19.54% -19.92% -9.23%
% of Gross Profit
Research & Development $11.40M $11.83M $47.93M
YoY Change -2.14% -7.76% -11.56%
% of Gross Profit
Depreciation & Amortization $790.0K $824.0K $3.700M
YoY Change -17.71% -18.17% -9.76%
% of Gross Profit
Operating Expenses $18.30M $15.79M $67.64M
YoY Change 7.22% -11.15% -10.9%
Operating Profit -$18.30M -$67.64M
YoY Change 7.22% -10.9%
Interest Expense $1.197M $1.323M $4.914M
YoY Change 22.77% 180.89% 317.86%
% of Operating Profit
Other Income/Expense, Net $1.197M $1.323M $4.914M
YoY Change 22.77% 317.86%
Pretax Income -$17.11M -$14.47M -$62.72M
YoY Change 6.28% -16.38% -16.07%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$17.11M -$14.47M -$62.72M
YoY Change 6.28% -16.38% -16.07%
Net Earnings / Revenue
Basic Earnings Per Share -$0.61 -$2.25
Diluted Earnings Per Share -$0.61 -$0.52 -$2.25
COMMON SHARES
Basic Shares Outstanding 27.90M 27.90M 27.84M
Diluted Shares Outstanding 27.90M 27.84M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $96.00M $108.3M $108.3M
YoY Change -34.02% -32.28% -32.28%
Cash & Equivalents $18.36M $13.08M $13.08M
Short-Term Investments $77.64M $95.22M $95.22M
Other Short-Term Assets $6.551M $4.426M $4.426M
YoY Change 91.27% 8.69% 8.69%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $102.6M $112.7M $112.7M
YoY Change -31.14% -31.26% -31.26%
LONG-TERM ASSETS
Property, Plant & Equipment $7.097M $9.033M $13.43M
YoY Change -36.55% -24.07% -20.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.878M $1.882M $1.882M
YoY Change -33.48% -42.36% -42.36%
Total Long-Term Assets $12.61M $15.31M $15.31M
YoY Change -33.2% -24.11% -24.11%
TOTAL ASSETS
Total Short-Term Assets $102.6M $112.7M $112.7M
Total Long-Term Assets $12.61M $15.31M $15.31M
Total Assets $115.2M $128.0M $128.0M
YoY Change -31.37% -30.47% -30.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.491M $2.330M $2.330M
YoY Change 134.03% -45.43% -45.43%
Accrued Expenses $5.092M $4.553M $4.553M
YoY Change 17.14% -6.26% -6.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.583M $6.883M $6.883M
YoY Change 52.94% -24.59% -24.59%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $755.0K $785.0K $6.734M
YoY Change -13.42% -12.68% -10.26%
Total Long-Term Liabilities $755.0K $785.0K $6.734M
YoY Change -13.42% -12.68% -10.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.583M $6.883M $6.883M
Total Long-Term Liabilities $755.0K $785.0K $6.734M
Total Liabilities $16.11M $13.62M $13.62M
YoY Change 18.57% -18.12% -18.12%
SHAREHOLDERS EQUITY
Retained Earnings -$341.6M -$324.5M
YoY Change 22.94% 23.96%
Common Stock $28.00K $28.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $99.05M $114.4M $114.4M
YoY Change
Total Liabilities & Shareholders Equity $115.2M $128.0M $128.0M
YoY Change -31.37% -30.47% -30.47%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$17.11M -$14.47M -$62.72M
YoY Change 6.28% -16.38% -16.07%
Depreciation, Depletion And Amortization $790.0K $824.0K $3.700M
YoY Change -17.71% -18.17% -9.76%
Cash From Operating Activities -$12.61M -$10.67M -$52.97M
YoY Change -14.7% 19.23% -1.69%
INVESTING ACTIVITIES
Capital Expenditures $37.00K $13.00K $820.0K
YoY Change -85.08% -98.5% -61.25%
Acquisitions
YoY Change
Other Investing Activities $17.92M $4.175M $40.09M
YoY Change -2.46% -21.71% -42.8%
Cash From Investing Activities $17.88M $4.162M $39.27M
YoY Change -1.33% -6.85% -42.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.000K 71.00K 154.0K
YoY Change 16.39% -23.0%
NET CHANGE
Cash From Operating Activities -12.61M -10.67M -52.97M
Cash From Investing Activities 17.88M 4.162M 39.27M
Cash From Financing Activities 1.000K 71.00K 154.0K
Net Change In Cash 5.276M -6.437M -13.55M
YoY Change 57.82% 45.63% -194.79%
FREE CASH FLOW
Cash From Operating Activities -$12.61M -$10.67M -$52.97M
Capital Expenditures $37.00K $13.00K $820.0K
Free Cash Flow -$12.64M -$10.68M -$53.79M
YoY Change -15.86% 8.85% -3.94%

Facts In Submission

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