$OSUR
OraSure Technologies Inc

2023 Q2 Form 10-Q Financial Statement

#000095017023020645 Filed on May 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $85.44M $155.0M
YoY Change 6.49% 128.87%
Cost Of Revenue $59.07M $89.15M
YoY Change 12.2% 105.24%
Gross Profit $26.37M $65.82M
YoY Change -4.4% 171.16%
Gross Profit Margin 30.86% 42.47%
Selling, General & Admin $24.96M $29.85M
YoY Change -14.71% -6.34%
% of Gross Profit 94.65% 45.36%
Research & Development $7.661M $10.56M
YoY Change -15.52% 25.52%
% of Gross Profit 29.05% 16.04%
Depreciation & Amortization $10.32M $3.696M
YoY Change 172.74% 0.38%
% of Gross Profit 39.11% 5.62%
Operating Expenses $32.80M $41.49M
YoY Change -14.43% 3.09%
Operating Profit -$6.429M $24.32M
YoY Change -40.18% -252.22%
Interest Expense -$492.0K $50.00K
YoY Change -162.84% -106.86%
% of Operating Profit 0.21%
Other Income/Expense, Net $1.467M $2.673M
YoY Change 174.21% -5143.4%
Pretax Income -$4.962M $26.99M
YoY Change -75.15% -268.39%
Income Tax -$166.0K -$225.0K
% Of Pretax Income -0.83%
Net Earnings -$4.796M $27.22M
YoY Change -74.49% -236.32%
Net Earnings / Revenue -5.61% 17.56%
Basic Earnings Per Share -$0.07 $0.37
Diluted Earnings Per Share -$0.07 $0.37
COMMON SHARES
Basic Shares Outstanding 73.26M 73.24M
Diluted Shares Outstanding 73.32M shares 73.97M

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $185.9M $112.4M
YoY Change 94.12% 0.13%
Cash & Equivalents $185.9M $90.19M
Short-Term Investments $0.00 $22.18M
Other Short-Term Assets $24.35M $40.43M
YoY Change -34.78% 55.33%
Inventory $73.28M $77.19M
Prepaid Expenses $5.248M $6.161M
Receivables $52.75M $107.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $341.6M $343.6M
YoY Change 27.78% 28.03%
LONG-TERM ASSETS
Property, Plant & Equipment $49.28M $57.34M
YoY Change -56.01% -41.23%
Goodwill $35.61M $35.20M
YoY Change -12.84%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $998.0K $1.031M
YoY Change -2.54% -6.78%
Total Long-Term Assets $112.0M $115.8M
YoY Change -30.83% -30.72%
TOTAL ASSETS
Total Short-Term Assets $341.6M $343.6M
Total Long-Term Assets $112.0M $115.8M
Total Assets $453.6M $459.4M
YoY Change 5.67% 5.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.75M $27.40M
YoY Change -50.99% 1.25%
Accrued Expenses $25.71M $24.43M
YoY Change 4.5% 6.52%
Deferred Revenue $1.841M $1.989M
YoY Change -31.56%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.080M $1.229M
YoY Change -8.63% -27.66%
Total Short-Term Liabilities $46.42M $55.12M
YoY Change -29.11% -0.83%
LONG-TERM LIABILITIES
Long-Term Debt $436.0K $472.0K
YoY Change -69.83% -60.89%
Other Long-Term Liabilities $586.0K $609.0K
YoY Change -96.24% 10.33%
Total Long-Term Liabilities $13.04M $10.11M
YoY Change -23.45% -32.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $46.42M $55.12M
Total Long-Term Liabilities $13.04M $10.11M
Total Liabilities $59.46M $65.24M
YoY Change -30.1% -7.66%
SHAREHOLDERS EQUITY
Retained Earnings -$115.2M -$110.4M
YoY Change -21.4%
Common Stock $523.9M $522.0M
YoY Change 1.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $394.1M $394.2M
YoY Change
Total Liabilities & Shareholders Equity $453.6M $459.4M
YoY Change 5.67% 5.48%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income -$4.796M $27.22M
YoY Change -74.49% -236.32%
Depreciation, Depletion And Amortization $10.32M $3.696M
YoY Change 172.74% 0.38%
Cash From Operating Activities $57.27M $6.002M
YoY Change -692.35% -116.76%
INVESTING ACTIVITIES
Capital Expenditures $2.969M $1.191M
YoY Change -127.4% -94.11%
Acquisitions
YoY Change
Other Investing Activities $40.12M $4.974M
YoY Change 116.76%
Cash From Investing Activities $37.16M $1.016M
YoY Change 384.1% -110.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -632.0K -1.331M
YoY Change -44.76% -4.59%
NET CHANGE
Cash From Operating Activities 57.27M 6.002M
Cash From Investing Activities 37.16M 1.016M
Cash From Financing Activities -632.0K -1.331M
Net Change In Cash 93.79M 6.214M
YoY Change -3089.83% -113.5%
FREE CASH FLOW
Cash From Operating Activities $57.27M $6.002M
Capital Expenditures $2.969M $1.191M
Free Cash Flow $54.30M $4.811M
YoY Change 4548.89% -108.58%

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CY2023Q1 osur Estimated Fair Value On Manufacturing Equipment And Various Market Data Points
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CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q1 us-gaap Income Tax Expense Benefit
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CY2022Q1 us-gaap Stockholders Equity
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CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1

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