2014 Q2 Form 10-Q Financial Statement

#000139681414000009 Filed on July 31, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $47.17M $17.14M
YoY Change 175.16% 38.86%
Cost Of Revenue $19.95M $10.21M
YoY Change 95.36% 52.79%
Gross Profit $27.21M $6.927M
YoY Change 292.83% 22.41%
Gross Profit Margin 57.69% 40.41%
Selling, General & Admin $24.84M $14.08M
YoY Change 76.4% 35.22%
% of Gross Profit 91.28% 203.26%
Research & Development $5.216M $4.857M
YoY Change 7.39% 159.46%
% of Gross Profit 19.17% 70.12%
Depreciation & Amortization $2.300M $800.0K
YoY Change 187.5%
% of Gross Profit 8.45% 11.55%
Operating Expenses $50.01M $29.15M
YoY Change 71.54% 53.67%
Operating Profit -$2.842M -$12.01M
YoY Change -76.34% 81.26%
Interest Expense $2.079M $1.914M
YoY Change 8.62% 287.45%
% of Operating Profit
Other Income/Expense, Net -$2.195M -$2.021M
YoY Change 8.61% 21.02%
Pretax Income -$5.037M -$14.03M
YoY Change -64.1% 69.13%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$5.037M -$14.03M
YoY Change -64.1% 69.13%
Net Earnings / Revenue -10.68% -81.86%
Basic Earnings Per Share -$0.14 -$0.42
Diluted Earnings Per Share -$0.14 -$0.42
COMMON SHARES
Basic Shares Outstanding 35.46M shares 33.08M shares
Diluted Shares Outstanding 35.46M shares 33.08M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $163.9M $96.00M
YoY Change 70.73% 13.88%
Cash & Equivalents $108.2M $8.626M
Short-Term Investments $55.70M $87.30M
Other Short-Term Assets $5.300M $3.600M
YoY Change 47.22% 12.5%
Inventory $19.19M $14.22M
Prepaid Expenses
Receivables $20.55M $7.756M
Other Receivables $0.00 $0.00
Total Short-Term Assets $208.9M $121.5M
YoY Change 71.95% 21.4%
LONG-TERM ASSETS
Property, Plant & Equipment $53.51M $42.07M
YoY Change 27.22% 40.38%
Goodwill $12.52M $8.980M
YoY Change 39.42% 12.25%
Intangibles
YoY Change
Long-Term Investments $13.50M
YoY Change
Other Assets $3.103M $3.712M
YoY Change -16.41% 518.67%
Total Long-Term Assets $83.17M $56.94M
YoY Change 46.07% 33.11%
TOTAL ASSETS
Total Short-Term Assets $208.9M $121.5M
Total Long-Term Assets $83.17M $56.94M
Total Assets $292.1M $178.4M
YoY Change 63.69% 24.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.145M $1.712M
YoY Change 83.7% 328.0%
Accrued Expenses $23.04M $12.26M
YoY Change 87.89% 31.83%
Deferred Revenue
YoY Change
Short-Term Debt $101.0M $0.00
YoY Change
Long-Term Debt Due $900.0K $900.0K
YoY Change 0.0% -25.0%
Total Short-Term Liabilities $129.5M $15.84M
YoY Change 717.85% 3.93%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $96.89M
YoY Change -100.0% 274.1%
Other Long-Term Liabilities $4.384M $2.743M
YoY Change 59.83% -61.9%
Total Long-Term Liabilities $4.384M $99.64M
YoY Change -95.6% 201.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $129.5M $15.84M
Total Long-Term Liabilities $4.384M $99.64M
Total Liabilities $144.1M $119.3M
YoY Change 20.81% 146.73%
SHAREHOLDERS EQUITY
Retained Earnings -$312.9M -$269.7M
YoY Change 16.04%
Common Stock $36.00K $33.00K
YoY Change 9.09%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.000K
YoY Change
Treasury Stock Shares 0.000 shares 1.065K shares
Shareholders Equity $148.0M $59.14M
YoY Change
Total Liabilities & Shareholders Equity $292.1M $178.4M
YoY Change 63.69% 24.86%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income -$5.037M -$14.03M
YoY Change -64.1% 69.13%
Depreciation, Depletion And Amortization $2.300M $800.0K
YoY Change 187.5%
Cash From Operating Activities $8.220M -$13.31M
YoY Change -161.76% -34.17%
INVESTING ACTIVITIES
Capital Expenditures -$6.020M -$1.740M
YoY Change 245.98% -60.18%
Acquisitions
YoY Change
Other Investing Activities -$24.55M -$3.780M
YoY Change 549.47% -91.25%
Cash From Investing Activities -$30.58M -$5.520M
YoY Change 453.99% -88.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 111.8M 1.180M
YoY Change 9374.58% -98.16%
NET CHANGE
Cash From Operating Activities 8.220M -13.31M
Cash From Investing Activities -30.58M -5.520M
Cash From Financing Activities 111.8M 1.180M
Net Change In Cash 89.44M -17.65M
YoY Change -606.74% 369.41%
FREE CASH FLOW
Cash From Operating Activities $8.220M -$13.31M
Capital Expenditures -$6.020M -$1.740M
Free Cash Flow $14.24M -$11.57M
YoY Change -223.08% -27.0%

Facts In Submission

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