2023 Q4 Form 10-Q Financial Statement

#000162828023036564 Filed on November 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $141.6K $109.0K
YoY Change 205.88% 881.55%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $7.688M $6.800M
YoY Change 15.38% -10.9%
% of Gross Profit
Research & Development $10.64M $5.333M
YoY Change 91.53% 2.88%
% of Gross Profit
Depreciation & Amortization $140.5K $104.3K
YoY Change -24.04% 2.21%
% of Gross Profit
Operating Expenses $18.33M $12.14M
YoY Change 50.01% -5.28%
Operating Profit -$12.03M
YoY Change -6.05%
Interest Expense $2.866M $800.0K
YoY Change 168.35% -22.79%
% of Operating Profit
Other Income/Expense, Net $776.4K
YoY Change -488.22%
Pretax Income -$15.32M -$11.25M
YoY Change 33.18% -5.98%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$15.32M -$11.25M
YoY Change 33.18% -5.98%
Net Earnings / Revenue -10823.7% -10325.94%
Basic Earnings Per Share -$0.16
Diluted Earnings Per Share -$0.22 -$0.16
COMMON SHARES
Basic Shares Outstanding 70.68M shares 70.60M shares
Diluted Shares Outstanding 70.62M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $105.8M $87.07M
YoY Change -17.96% -36.84%
Cash & Equivalents $27.04M $57.44M
Short-Term Investments $78.79M $29.64M
Other Short-Term Assets $3.764M $4.600M
YoY Change 58.21% 74.21%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $109.6M $91.71M
YoY Change -16.58% -34.72%
LONG-TERM ASSETS
Property, Plant & Equipment $768.8K $856.5K
YoY Change -33.03% -26.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $17.63M $16.10M
YoY Change 245.6% 215.69%
Other Assets $209.6K $248.7K
YoY Change -19.76% -9.73%
Total Long-Term Assets $34.43M $33.32M
YoY Change 44.14% 35.79%
TOTAL ASSETS
Total Short-Term Assets $109.6M $91.71M
Total Long-Term Assets $34.43M $33.32M
Total Assets $144.0M $125.0M
YoY Change -7.24% -24.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.703M $1.217M
YoY Change 89.61% 17.76%
Accrued Expenses $6.525M $6.222M
YoY Change 44.85% 9.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.47M $8.663M
YoY Change 64.12% 28.68%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $44.76M $15.10M
YoY Change 179.69% -7.07%
Total Long-Term Liabilities $44.76M $15.10M
YoY Change 179.69% -7.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.47M $8.663M
Total Long-Term Liabilities $44.76M $15.10M
Total Liabilities $56.23M $23.74M
YoY Change 144.55% 3.29%
SHAREHOLDERS EQUITY
Retained Earnings -$277.9M -$262.5M
YoY Change 23.24% 22.66%
Common Stock $70.69K $70.68K
YoY Change 0.32% -99.98%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $87.80M $101.3M
YoY Change
Total Liabilities & Shareholders Equity $144.0M $125.0M
YoY Change -7.24% -24.24%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$15.32M -$11.25M
YoY Change 33.18% -5.98%
Depreciation, Depletion And Amortization $140.5K $104.3K
YoY Change -24.04% 2.21%
Cash From Operating Activities -$11.91M -$10.10M
YoY Change 29.82% -20.32%
INVESTING ACTIVITIES
Capital Expenditures $1.220K $0.00
YoY Change -98.06% -100.0%
Acquisitions
YoY Change
Other Investing Activities -$48.51M -$4.300M
YoY Change 1081.42% 121.45%
Cash From Investing Activities -$48.52M -$4.400M
YoY Change 1063.59% 124.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 30.03M 200.0K
YoY Change -68983.92% 145.01%
NET CHANGE
Cash From Operating Activities -11.91M -10.10M
Cash From Investing Activities -48.52M -4.400M
Cash From Financing Activities 30.03M 200.0K
Net Change In Cash -30.40M -14.30M
YoY Change 127.02% -1.75%
FREE CASH FLOW
Cash From Operating Activities -$11.91M -$10.10M
Capital Expenditures $1.220K $0.00
Free Cash Flow -$11.91M -$10.10M
YoY Change 28.95% -20.21%

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