2024 Q3 Form 10-Q Financial Statement

#000135609024000017 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $953.0K $717.0K
YoY Change -30.94% -59.42%
Cost Of Revenue $1.009M $1.014M
YoY Change -34.48% -40.25%
Gross Profit -$56.00K -$297.0K
YoY Change -65.0% -524.29%
Gross Profit Margin -5.88% -41.42%
Selling, General & Admin $9.836M $10.31M
YoY Change 6.91% 10.63%
% of Gross Profit
Research & Development $11.37M $15.69M
YoY Change -1.81% 32.16%
% of Gross Profit
Depreciation & Amortization $356.0K $388.0K
YoY Change -17.97% -18.32%
% of Gross Profit
Operating Expenses $21.21M $26.00M
YoY Change 2.05% 22.69%
Operating Profit -$21.26M -$26.30M
YoY Change 1.54% 24.51%
Interest Expense $281.0K $317.0K
YoY Change -67.33% -54.19%
% of Operating Profit
Other Income/Expense, Net -$2.985M $43.00K
YoY Change -1166.07% 16.22%
Pretax Income -$23.97M -$60.48M
YoY Change 21.03% 196.71%
Income Tax $12.00K -$1.689M
% Of Pretax Income
Net Earnings -$23.98M -$58.79M
YoY Change 21.13% 189.34%
Net Earnings / Revenue -2516.05% -8199.72%
Basic Earnings Per Share -$0.09 -$0.23
Diluted Earnings Per Share -$0.09 -$0.23
COMMON SHARES
Basic Shares Outstanding 252.8M shares 252.4M shares
Diluted Shares Outstanding 275.9M shares 252.4M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $28.63M $19.54M
YoY Change -61.2% -77.91%
Cash & Equivalents $24.73M $9.345M
Short-Term Investments $3.906M $10.19M
Other Short-Term Assets $5.153M $3.163M
YoY Change 1.04% 13.29%
Inventory
Prepaid Expenses
Receivables $479.0K $511.0K
Other Receivables $250.0K $505.0K
Total Short-Term Assets $34.51M $23.72M
YoY Change -62.88% -77.55%
LONG-TERM ASSETS
Property, Plant & Equipment $13.54M $13.45M
YoY Change 90.27% 104.61%
Goodwill $24.92M $24.92M
YoY Change -32.46% -32.59%
Intangibles $4.773M $5.091M
YoY Change -88.19% -88.06%
Long-Term Investments
YoY Change
Other Assets $425.0K $435.0K
YoY Change -46.68% -54.16%
Total Long-Term Assets $48.96M $49.45M
YoY Change -49.89% -51.47%
TOTAL ASSETS
Total Short-Term Assets $34.51M $23.72M
Total Long-Term Assets $48.96M $49.45M
Total Assets $83.47M $73.16M
YoY Change -56.22% -64.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.320M $4.846M
YoY Change 83.75% 93.07%
Accrued Expenses $16.49M $17.80M
YoY Change -45.04% -36.99%
Deferred Revenue $407.0K $378.0K
YoY Change -20.04% 2420.0%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $21.22M $23.02M
YoY Change -35.46% -25.18%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $6.793M $6.890M
YoY Change -15.09% -17.61%
Total Long-Term Liabilities $6.793M $6.890M
YoY Change -15.09% -17.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.22M $23.02M
Total Long-Term Liabilities $6.793M $6.890M
Total Liabilities $28.10M $29.99M
YoY Change -34.67% -27.41%
SHAREHOLDERS EQUITY
Retained Earnings -$2.071B -$2.047B
YoY Change 7.23% 7.08%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $55.38M $43.17M
YoY Change
Total Liabilities & Shareholders Equity $83.47M $73.16M
YoY Change -56.22% -64.75%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$23.98M -$58.79M
YoY Change 21.13% 189.34%
Depreciation, Depletion And Amortization $356.0K $388.0K
YoY Change -17.97% -18.32%
Cash From Operating Activities -$22.73M -$23.11M
YoY Change 33.72% 46.54%
INVESTING ACTIVITIES
Capital Expenditures $882.0K $2.323M
YoY Change 283.48% 2200.0%
Acquisitions
YoY Change
Other Investing Activities $6.535M $17.28M
YoY Change -39.27% -26.8%
Cash From Investing Activities $5.653M $14.95M
YoY Change -46.32% -36.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 32.13M 52.00K
YoY Change -100.36%
NET CHANGE
Cash From Operating Activities -22.73M -23.11M
Cash From Investing Activities 5.653M 14.95M
Cash From Financing Activities 32.13M 52.00K
Net Change In Cash 15.05M -8.100M
YoY Change -332.57% 18.25%
FREE CASH FLOW
Cash From Operating Activities -$22.73M -$23.11M
Capital Expenditures $882.0K $2.323M
Free Cash Flow -$23.61M -$25.43M
YoY Change 37.06% 60.25%

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CY2023Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
4380000 usd
CY2024Q2 pgen Breeding And Production Animals Gross
BreedingAndProductionAnimalsGross
83000 usd
CY2023Q4 pgen Breeding And Production Animals Gross
BreedingAndProductionAnimalsGross
79000 usd
CY2024Q2 pgen Computer Hardware And Software
ComputerHardwareAndSoftware
3213000 usd
CY2023Q4 pgen Computer Hardware And Software
ComputerHardwareAndSoftware
3459000 usd
CY2024Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
8109000 usd
CY2023Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
1577000 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
35680000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
31394000 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
22229000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
24283000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13451000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7111000 usd
CY2024Q2 us-gaap Depreciation
Depreciation
388000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
475000 usd
us-gaap Depreciation
Depreciation
768000 usd
us-gaap Depreciation
Depreciation
981000 usd
CY2024Q2 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
110000 usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
110000 usd
CY2024Q2 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
488000 usd
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
488000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
26612000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1630000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-64000 usd
CY2024Q2 us-gaap Goodwill
Goodwill
24918000 usd
CY2024Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
26503000 usd
CY2023Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
24873000 usd
CY2024Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1630000 usd
CY2024Q2 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
-32317000 usd
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1208000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1218000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2423000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2423000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1689000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-65000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1718000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-120000 usd
CY2023Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
43962640 shares
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
72808000 usd
CY2023Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
43962640 shares
CY2018Q3 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
7479431 shares
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1964000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2188000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4545000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5320000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
22057340 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.90
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y5M19D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
6852634 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.41
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
36458 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.42
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
611750 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
1.51
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
857997 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
16.23
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
27403769 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.36
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y5M19D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
15595522 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
8.17
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y2M12D
pgen Lessee Operating Lease Termination Period
LesseeOperatingLeaseTerminationPeriod
P1Y
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
609000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
617000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1218000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1232000 usd
CY2024Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
22000 usd
CY2023Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
10000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
35000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
30000 usd
CY2024Q2 us-gaap Variable Lease Cost
VariableLeaseCost
92000 usd
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
86000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
184000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
206000 usd
CY2024Q2 us-gaap Lease Cost
LeaseCost
723000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
713000 usd
us-gaap Lease Cost
LeaseCost
1437000 usd
us-gaap Lease Cost
LeaseCost
1468000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1090000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1611000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1473000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1303000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1260000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1295000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
552000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
8584000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2243000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
6341000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1269000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5072000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
6341000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M6D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y4M20D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.114
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.112
us-gaap Operating Lease Payments
OperatingLeasePayments
1144000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1022000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
572000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
373000 usd
CY2024Q2 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
0 usd
CY2023Q4 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
0 usd
CY2024Q2 pgen Net Income Loss Attributable To Parent Adjusted Ebitda Including Cash Paid For Capital Expenditures And Investments In Affiliates
NetIncomeLossAttributableToParentAdjustedEBITDAIncludingCashPaidForCapitalExpendituresAndInvestmentsInAffiliates
-28057000 usd
CY2023Q2 pgen Net Income Loss Attributable To Parent Adjusted Ebitda Including Cash Paid For Capital Expenditures And Investments In Affiliates
NetIncomeLossAttributableToParentAdjustedEBITDAIncludingCashPaidForCapitalExpendituresAndInvestmentsInAffiliates
-17337000 usd
pgen Net Income Loss Attributable To Parent Adjusted Ebitda Including Cash Paid For Capital Expenditures And Investments In Affiliates
NetIncomeLossAttributableToParentAdjustedEBITDAIncludingCashPaidForCapitalExpendituresAndInvestmentsInAffiliates
-52077000 usd
pgen Net Income Loss Attributable To Parent Adjusted Ebitda Including Cash Paid For Capital Expenditures And Investments In Affiliates
NetIncomeLossAttributableToParentAdjustedEBITDAIncludingCashPaidForCapitalExpendituresAndInvestmentsInAffiliates
-38559000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-60481000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-20384000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-84248000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-43173000 usd
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
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0001356090-24-000017-index.html Edgar Link pending
0001356090-24-000017.txt Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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pgen-20240630_cal.xml Edgar Link unprocessable
pgen-20240630_def.xml Edgar Link unprocessable
pgen-20240630_lab.xml Edgar Link unprocessable
pgen-20240630_pre.xml Edgar Link unprocessable
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