2022 Q3 Form 10-Q Financial Statement

#000156459022028450 Filed on August 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $21.85M $17.38M $14.78M
YoY Change 436.53% 206.51% 144.11%
Cost Of Revenue $1.890M $1.826M $1.627M
YoY Change 7.83% 9.88% 10.67%
Gross Profit $19.95M $17.94M $13.32M
YoY Change 91.3% 88.95% 92.19%
Gross Profit Margin 91.35% 103.23% 90.09%
Selling, General & Admin $5.541M $4.308M $4.233M
YoY Change 46.95% 12.97% 25.23%
% of Gross Profit 27.77% 24.01% 31.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.550M $2.023M $2.121M
YoY Change -1.22% -5.37% 19.31%
% of Gross Profit 7.77% 11.27% 15.93%
Operating Expenses $7.092M $6.331M $6.354M
YoY Change 32.79% 6.38% 23.14%
Operating Profit $12.86M $11.61M $6.965M
YoY Change 152.68% 227.52% 293.5%
Interest Expense -$4.770M $286.3K $230.2K
YoY Change -42.65% 29.9% -14.06%
% of Operating Profit -37.09% 2.47% 3.31%
Other Income/Expense, Net
YoY Change
Pretax Income $11.59M $9.565M -$3.987M
YoY Change -449.79% -540.26% 456.35%
Income Tax $2.431M $976.0K $33.00K
% Of Pretax Income 20.98% 10.2%
Net Earnings $9.158M $8.589M -$4.020M
YoY Change -343.3% -733.13% 704.54%
Net Earnings / Revenue 41.92% 49.41% -27.19%
Basic Earnings Per Share $0.26 $0.25 -$0.12
Diluted Earnings Per Share $252.9K $0.25 -$0.12
COMMON SHARES
Basic Shares Outstanding 36.43M 34.65M 34.29M
Diluted Shares Outstanding 35.92M 34.85M 34.29M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.397M $4.489M $1.704M
YoY Change 39.3% 54.35% 31.05%
Cash & Equivalents $3.397M $4.489M $1.704M
Short-Term Investments
Other Short-Term Assets $1.373M $1.277M $1.188M
YoY Change 45.72% 165.7% 48.54%
Inventory
Prepaid Expenses
Receivables $13.15M $11.78M $9.451M
Other Receivables $0.00 $860.4K $0.00
Total Short-Term Assets $17.92M $18.41M $12.34M
YoY Change 46.62% 69.13% 34.17%
LONG-TERM ASSETS
Property, Plant & Equipment $133.8M $124.2M $117.5M
YoY Change 28.42% 26.25% 36.42%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $757.1K $764.1K $537.2K
YoY Change 30.85% 36.77% -10.47%
Total Long-Term Assets $134.6M $125.0M $118.0M
YoY Change 28.43% 26.31% 36.1%
TOTAL ASSETS
Total Short-Term Assets $17.92M $18.41M $12.34M
Total Long-Term Assets $134.6M $125.0M $118.0M
Total Assets $152.5M $143.4M $130.3M
YoY Change 30.33% 30.56% 35.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $647.2K $486.0K $602.4K
YoY Change -16.24% -58.57% -13.94%
Accrued Expenses $2.246M $1.680M $1.642M
YoY Change 15.66% 15.41% 9.45%
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 $11.26M $12.36M $17.29M
YoY Change -25.59% 31.68% 232.53%
LONG-TERM LIABILITIES
Long-Term Debt $28.30M $28.30M $24.00M
YoY Change 61.71% 42.21% 2.13%
Other Long-Term Liabilities $3.575M $4.200M $3.931M
YoY Change -32.83% -16.38% -10.66%
Total Long-Term Liabilities $28.30M $28.30M $24.00M
YoY Change 61.71% 13.55% -13.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.26M $12.36M $17.29M
Total Long-Term Liabilities $28.30M $28.30M $24.00M
Total Liabilities $44.72M $45.41M $45.59M
YoY Change 16.76% 31.54% 33.7%
SHAREHOLDERS EQUITY
Retained Earnings $67.12M $58.68M
YoY Change 37.07% 10.64%
Common Stock $44.77M $43.44M
YoY Change 32.62% 64.89%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.609M $5.609M
YoY Change -3.06% -3.06%
Treasury Stock Shares $377.2K $377.2K
Shareholders Equity $107.8M $97.96M $84.75M
YoY Change
Total Liabilities & Shareholders Equity $152.5M $143.4M $130.3M
YoY Change 30.33% 30.56% 35.91%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $9.158M $8.589M -$4.020M
YoY Change -343.3% -733.13% 704.54%
Depreciation, Depletion And Amortization $1.550M $2.023M $2.121M
YoY Change -1.22% -5.37% 19.31%
Cash From Operating Activities $13.19M $8.405M $7.296M
YoY Change -309.47% 51.15% 73.31%
INVESTING ACTIVITIES
Capital Expenditures -$201.1K -$72.17K -$86.67K
YoY Change 452.38% -72.95% -71.11%
Acquisitions $9.274M
YoY Change
Other Investing Activities -$8.287M -$7.983M -$6.980M
YoY Change 896.25% -26.72% 17349.9%
Cash From Investing Activities -$8.488M -$8.055M -$7.067M
YoY Change 877.63% -27.83% 1978.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.000M
YoY Change
Cash From Financing Activities -5.797M 2.436M -85.37K
YoY Change -186.56% -66.35% -97.73%
NET CHANGE
Cash From Operating Activities 13.19M 8.405M 7.296M
Cash From Investing Activities -8.488M -8.055M -7.067M
Cash From Financing Activities -5.797M 2.436M -85.37K
Net Change In Cash -1.092M 2.786M 144.3K
YoY Change 132.45% 70.05% 31.2%
FREE CASH FLOW
Cash From Operating Activities $13.19M $8.405M $7.296M
Capital Expenditures -$201.1K -$72.17K -$86.67K
Free Cash Flow $13.39M $8.477M $7.383M
YoY Change -313.9% 45.47% 63.7%

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0
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
11862
us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
0
CY2021Q2 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
37879
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
37879
CY2021Q2 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
7976
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
7976
CY2022Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
11258090
CY2021Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
13784467
CY2022Q2 phx Net Cash Received Paid On Derivative Contracts Settled
NetCashReceivedPaidOnDerivativeContractsSettled
-5670147
CY2022Q2 phx Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral Non Current
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateralNonCurrent
21155
CY2021Q3 phx Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral Current
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateralCurrent
17395
CY2021Q3 phx Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral Current
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateralCurrent
17395
phx Net Cash Received Paid On Derivative Contracts Settled
NetCashReceivedPaidOnDerivativeContractsSettled
-688807
CY2022Q2 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
3282921
CY2022Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
10189546
CY2022Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
1068544
CY2021Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
12087988
CY2021Q3 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
1696479

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