2024 Q1 Form 10-K Financial Statement

#000162828024009809 Filed on March 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $148.0K $141.6K $391.7K
YoY Change 123.7% 205.88% -73.93%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $7.168M $7.688M $31.09M
YoY Change -14.09% 15.38% -4.15%
% of Gross Profit
Research & Development $10.40M $10.64M $28.59M
YoY Change 57.18% 91.53% 16.12%
% of Gross Profit
Depreciation & Amortization $136.0K $140.5K $568.3K
YoY Change -5.98% -24.04% 10.88%
% of Gross Profit
Operating Expenses $17.57M $18.33M $59.67M
YoY Change 17.43% 50.01% 4.6%
Operating Profit -$17.42M -$59.28M
YoY Change 16.95% 6.72%
Interest Expense $5.723M $2.866M $6.943M
YoY Change 403.74% 168.35% 269.45%
% of Operating Profit
Other Income/Expense, Net $5.723M $6.943M
YoY Change 272.57% 403.4%
Pretax Income -$11.69M -$15.32M -$52.34M
YoY Change -12.45% 33.18% -3.38%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$11.69M -$15.32M -$52.34M
YoY Change -12.45% 33.18% -3.38%
Net Earnings / Revenue -7901.35% -10823.7% -13362.17%
Basic Earnings Per Share -$0.17 -$0.74
Diluted Earnings Per Share -$0.17 -$0.22 -$0.74
COMMON SHARES
Basic Shares Outstanding 70.71M shares 70.68M shares 70.58M shares
Diluted Shares Outstanding 70.72M shares 70.58M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $90.26M $105.8M $105.8M
YoY Change -23.33% -17.96% -17.96%
Cash & Equivalents $30.77M $27.04M $24.34M
Short-Term Investments $59.49M $78.79M $78.79M
Other Short-Term Assets $2.911M $3.764M $3.764M
YoY Change 61.78% 58.21% 58.21%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $93.17M $109.6M $109.6M
YoY Change -22.05% -16.58% -16.58%
LONG-TERM ASSETS
Property, Plant & Equipment $686.0K $768.8K $14.66M
YoY Change -34.86% -33.03% -8.76%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $22.02M $17.63M $17.63M
YoY Change 268.11% 245.6% 213.48%
Other Assets $174.0K $209.6K $1.957M
YoY Change -18.12% -19.76% -0.63%
Total Long-Term Assets $38.44M $34.43M $34.43M
YoY Change 61.2% 44.14% 44.14%
TOTAL ASSETS
Total Short-Term Assets $93.17M $109.6M $109.6M
Total Long-Term Assets $38.44M $34.43M $34.43M
Total Assets $131.6M $144.0M $144.0M
YoY Change -8.2% -7.24% -7.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.596M $3.703M $3.703M
YoY Change 96.34% 89.61% 89.61%
Accrued Expenses $4.039M $6.525M $7.771M
YoY Change -1.14% 44.85% 54.24%
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 $8.903M $11.47M $11.47M
YoY Change 32.47% 64.12% 64.12%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $44.43M $44.76M $44.76M
YoY Change 183.03% 179.69% 179.69%
Total Long-Term Liabilities $44.43M $44.76M $44.76M
YoY Change 183.03% 179.69% 179.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.903M $11.47M $11.47M
Total Long-Term Liabilities $44.43M $44.76M $44.76M
Total Liabilities $53.33M $56.23M $56.23M
YoY Change 137.89% 144.55% 144.55%
SHAREHOLDERS EQUITY
Retained Earnings -$289.6M -$277.9M
YoY Change 21.22% 23.24%
Common Stock $71.00K $70.69K
YoY Change 0.72% 0.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $78.28M $87.80M $87.80M
YoY Change
Total Liabilities & Shareholders Equity $131.6M $144.0M $144.0M
YoY Change -8.2% -7.24% -7.24%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$11.69M -$15.32M -$52.34M
YoY Change -12.45% 33.18% -3.38%
Depreciation, Depletion And Amortization $136.0K $140.5K $568.3K
YoY Change -5.98% -24.04% 10.88%
Cash From Operating Activities -$16.70M -$11.91M -$45.80M
YoY Change 38.02% 29.82% -17.03%
INVESTING ACTIVITIES
Capital Expenditures $19.00K $1.220K $40.31K
YoY Change 40.12% -98.06% -96.71%
Acquisitions
YoY Change
Other Investing Activities $20.21M -$48.51M -$2.443M
YoY Change -33.18% 1081.42% -97.17%
Cash From Investing Activities $20.19M -$48.52M -$2.581M
YoY Change -33.22% 1063.59% -97.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $228.0K 30.03M $30.54M
YoY Change 240.33% -68983.92% 16802.21%
NET CHANGE
Cash From Operating Activities -$16.70M -11.91M -$45.80M
Cash From Investing Activities $20.19M -48.52M -$2.581M
Cash From Financing Activities $228.0K 30.03M $30.54M
Net Change In Cash $3.716M -30.40M -$17.85M
YoY Change -79.58% 127.02% -87.51%
FREE CASH FLOW
Cash From Operating Activities -$16.70M -$11.91M -$45.80M
Capital Expenditures $19.00K $1.220K $40.31K
Free Cash Flow -$16.72M -$11.91M -$45.84M
YoY Change 38.02% 28.95% -18.76%

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