2022 Q1 Form 10-Q Financial Statement
#000114036122018515 Filed on May 10, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $442.1M | $329.6M |
| YoY Change | 34.14% | 73.51% |
| Cost Of Revenue | $299.6M | $240.8M |
| YoY Change | 24.4% | 65.65% |
| Gross Profit | $142.5M | $88.79M |
| YoY Change | 60.55% | 99.14% |
| Gross Profit Margin | 32.24% | 26.94% |
| Selling, General & Admin | $75.49M | $48.35M |
| YoY Change | 56.14% | 49.3% |
| % of Gross Profit | 52.96% | 54.45% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $4.792M | $1.300M |
| YoY Change | 268.62% | 62.5% |
| % of Gross Profit | 3.36% | 1.46% |
| Operating Expenses | $80.22M | $48.35M |
| YoY Change | 65.92% | 49.3% |
| Operating Profit | $62.32M | $38.69M |
| YoY Change | 61.07% | 356.0% |
| Interest Expense | -$4.145M | -$1.500M |
| YoY Change | 176.33% | -70.0% |
| % of Operating Profit | -6.65% | -3.88% |
| Other Income/Expense, Net | -$109.0K | -$1.550M |
| YoY Change | -92.97% | -69.21% |
| Pretax Income | $55.14M | $37.14M |
| YoY Change | 48.44% | 976.27% |
| Income Tax | $12.78M | $6.550M |
| % Of Pretax Income | 23.18% | 17.64% |
| Net Earnings | $36.30M | $20.48M |
| YoY Change | 77.27% | 1787.1% |
| Net Earnings / Revenue | 8.21% | 6.21% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | $2.543M | $1.830M |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $83.03M | $76.70M |
| YoY Change | 8.25% | 275.98% |
| Cash & Equivalents | $88.96M | $87.48M |
| Short-Term Investments | ||
| Other Short-Term Assets | $56.85M | $25.10M |
| YoY Change | 126.51% | 102.42% |
| Inventory | $293.2M | $186.1M |
| Prepaid Expenses | ||
| Receivables | $82.73M | $41.01M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $515.8M | $328.9M |
| YoY Change | 56.82% | -14.79% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $197.3M | $64.61M |
| YoY Change | 205.41% | 286.92% |
| Goodwill | $313.5M | $151.4M |
| YoY Change | 107.02% | 33.93% |
| Intangibles | $74.00M | |
| YoY Change | 20.72% | |
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $31.72M | $239.0M |
| YoY Change | -86.73% | 34.6% |
| Total Long-Term Assets | $773.6M | $303.6M |
| YoY Change | 154.8% | 56.29% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $515.8M | $328.9M |
| Total Long-Term Assets | $773.6M | $303.6M |
| Total Assets | $1.289B | $632.5M |
| YoY Change | 103.85% | 9.0% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $43.86M | $25.93M |
| YoY Change | 69.13% | 231.64% |
| Accrued Expenses | $11.66M | |
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $254.9M | $183.8M |
| YoY Change | 38.66% | -37.55% |
| Long-Term Debt Due | $17.29M | $14.00M |
| YoY Change | 23.57% | 99.59% |
| Total Short-Term Liabilities | $439.0M | $285.7M |
| YoY Change | 53.66% | -13.71% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $321.4M | $105.1M |
| YoY Change | 205.91% | -3.56% |
| Other Long-Term Liabilities | $180.0M | $8.634M |
| YoY Change | 1985.16% | 460.65% |
| Total Long-Term Liabilities | $321.4M | $113.7M |
| YoY Change | 182.68% | 2.91% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $439.0M | $285.7M |
| Total Long-Term Liabilities | $321.4M | $113.7M |
| Total Liabilities | $990.6M | $417.0M |
| YoY Change | 137.57% | -5.58% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $44.96M | |
| YoY Change | 4043.69% | |
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $298.8M | $158.2M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.289B | $632.5M |
| YoY Change | 103.85% | 9.0% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $36.30M | $20.48M |
| YoY Change | 77.27% | 1787.1% |
| Depreciation, Depletion And Amortization | $4.792M | $1.300M |
| YoY Change | 268.62% | 62.5% |
| Cash From Operating Activities | -$20.60M | $59.20M |
| YoY Change | -134.79% | -421.74% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$4.565M | -$2.700M |
| YoY Change | 69.07% | 92.86% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$10.08M | -$7.900M |
| YoY Change | 27.59% | -664.29% |
| Cash From Investing Activities | -$14.64M | -$10.50M |
| YoY Change | 39.48% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 49.43M | 8.900M |
| YoY Change | 455.39% | -68.99% |
| NET CHANGE | ||
| Cash From Operating Activities | -20.60M | 59.20M |
| Cash From Investing Activities | -14.64M | -10.50M |
| Cash From Financing Activities | 49.43M | 8.900M |
| Net Change In Cash | 14.19M | 57.60M |
| YoY Change | -75.37% | 459.22% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$20.60M | $59.20M |
| Capital Expenditures | -$4.565M | -$2.700M |
| Free Cash Flow | -$16.03M | $61.90M |
| YoY Change | -125.9% | -464.12% |
Facts In Submission
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