2023 Q3 Form 10-Q Financial Statement

#000174647323000053 Filed on August 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $0.00 $248.0K
YoY Change -100.0% -95.03%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $15.35M $14.57M
YoY Change 73.98% 75.68%
% of Gross Profit
Research & Development $32.34M $33.00M
YoY Change 31.43% 25.32%
% of Gross Profit
Depreciation & Amortization $500.0K $477.0K
YoY Change 0.0% -4.6%
% of Gross Profit
Operating Expenses $47.69M $47.58M
YoY Change 42.65% 37.38%
Operating Profit -$47.69M -$47.33M
YoY Change 49.26% 59.67%
Interest Expense $317.0K $319.0K
YoY Change -76.2% 232.29%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$41.49M -$41.19M
YoY Change 35.52% 39.42%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$41.49M -$41.19M
YoY Change 35.51% 39.42%
Net Earnings / Revenue -16609.68%
Basic Earnings Per Share -$0.70 -$0.70
Diluted Earnings Per Share -$0.70 -$0.70
COMMON SHARES
Basic Shares Outstanding 59.83M shares 59.16M shares
Diluted Shares Outstanding 59.69M shares 59.17M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $523.6M $555.2M
YoY Change 45.35% 239.35%
Cash & Equivalents $57.68M $54.95M
Short-Term Investments $465.9M $500.2M
Other Short-Term Assets $8.600M $6.520M
YoY Change 106.78% 34.24%
Inventory
Prepaid Expenses
Receivables $0.00 $1.580M
Other Receivables $2.100M $2.442M
Total Short-Term Assets $534.3M $565.7M
YoY Change 46.01% 226.0%
LONG-TERM ASSETS
Property, Plant & Equipment $3.969M $8.518M
YoY Change -17.3% 87.87%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $392.0K $672.0K
YoY Change -1.26% -26.4%
Total Long-Term Assets $6.129M $9.190M
YoY Change -45.35% -17.15%
TOTAL ASSETS
Total Short-Term Assets $534.3M $565.7M
Total Long-Term Assets $6.129M $9.190M
Total Assets $540.5M $574.9M
YoY Change 43.29% 211.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.360M $2.310M
YoY Change 4.8% -25.87%
Accrued Expenses $8.310M $27.21M
YoY Change -59.08% 56.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $27.40M $29.52M
YoY Change 4.72% 30.89%
LONG-TERM LIABILITIES
Long-Term Debt $10.00M $9.988M
YoY Change -28.7% -30.05%
Other Long-Term Liabilities $0.00 $2.318M
YoY Change -100.0% -47.4%
Total Long-Term Liabilities $10.00M $12.31M
YoY Change -28.7% -13.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.40M $29.52M
Total Long-Term Liabilities $10.00M $12.31M
Total Liabilities $37.42M $41.83M
YoY Change -6.9% 13.56%
SHAREHOLDERS EQUITY
Retained Earnings -$458.6M -$417.2M
YoY Change 51.19% 52.95%
Common Stock $963.6M $952.5M
YoY Change 49.91% 125.82%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $503.0M $533.1M
YoY Change
Total Liabilities & Shareholders Equity $540.5M $574.9M
YoY Change 43.29% 211.39%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$41.49M -$41.19M
YoY Change 35.51% 39.42%
Depreciation, Depletion And Amortization $500.0K $477.0K
YoY Change 0.0% -4.6%
Cash From Operating Activities -$36.22M -$24.76M
YoY Change 95.8% 1.49%
INVESTING ACTIVITIES
Capital Expenditures $90.00K $603.0K
YoY Change -112.93% -337.4%
Acquisitions
YoY Change
Other Investing Activities $38.35M -$22.38M
YoY Change -121.6% -431.53%
Cash From Investing Activities $38.26M -$22.98M
YoY Change -121.46% -453.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 700.0K 161.0K
YoY Change -99.68% -98.46%
NET CHANGE
Cash From Operating Activities -36.22M -24.76M
Cash From Investing Activities 38.26M -22.98M
Cash From Financing Activities 700.0K 161.0K
Net Change In Cash 2.740M -47.58M
YoY Change -85.98% 536.47%
FREE CASH FLOW
Cash From Operating Activities -$36.22M -$24.76M
Capital Expenditures $90.00K $603.0K
Free Cash Flow -$36.31M -$25.36M
YoY Change 103.97% 5.05%

Facts In Submission

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WeightedAverageNumberOfDilutedSharesOutstanding
36173135 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57623842 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57623842 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36144944 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36144944 shares
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.70
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.70
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.82
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.82
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.37
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.37
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.59
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.59

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0001746473-23-000053.txt Edgar Link pending
0001746473-23-000053-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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