2022 Form 10-K Financial Statement
#000149315222018107 Filed on June 29, 2022
Income Statement
| Concept | 2022 | 2021 Q1 | 2021 |
|---|---|---|---|
| Revenue | $240.3M | $24.19M | $62.48M |
| YoY Change | 284.54% | 408.18% | 322.75% |
| Cost Of Revenue | $151.5M | $18.51M | $51.10M |
| YoY Change | 196.51% | 199.93% | 176.79% |
| Gross Profit | $88.76M | $5.684M | $11.39M |
| YoY Change | 679.54% | -503.1% | -409.42% |
| Gross Profit Margin | 36.94% | 23.5% | 18.22% |
| Selling, General & Admin | $37.91M | $5.728M | $14.11M |
| YoY Change | 168.74% | 168.94% | 64.81% |
| % of Gross Profit | 42.71% | 100.79% | 123.89% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $17.34M | $1.287M | $4.877M |
| YoY Change | 255.56% | -14.22% | 9.34% |
| % of Gross Profit | 19.54% | 22.64% | 42.83% |
| Operating Expenses | $51.61M | $6.145M | $15.77M |
| YoY Change | 227.36% | 113.36% | 55.18% |
| Operating Profit | $37.15M | -$461.0K | -$4.380M |
| YoY Change | -948.16% | -89.25% | -68.35% |
| Interest Expense | -$637.8K | -$304.8K | -$3.009M |
| YoY Change | -78.8% | 177.07% | 317.93% |
| % of Operating Profit | -1.72% | ||
| Other Income/Expense, Net | $21.84K | $302.4K | $576.8K |
| YoY Change | -96.21% | ||
| Pretax Income | $36.53M | -$463.4K | -$7.812M |
| YoY Change | -567.64% | -89.49% | -46.34% |
| Income Tax | $3.286M | ||
| % Of Pretax Income | 8.99% | ||
| Net Earnings | $33.25M | -$463.4K | -$7.812M |
| YoY Change | -525.58% | -89.49% | -46.34% |
| Net Earnings / Revenue | 13.84% | -1.92% | -12.5% |
| Basic Earnings Per Share | $0.27 | -$0.14 | |
| Diluted Earnings Per Share | $291.2K | -$6.412K | -$141.9K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 112.3M shares | 55.04M shares | |
| Diluted Shares Outstanding | 114.2M shares | 55.04M shares |
Balance Sheet
| Concept | 2022 | 2021 Q1 | 2021 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $23.28M | $118.3M | $118.3M |
| YoY Change | -80.33% | 13347.89% | 13347.89% |
| Cash & Equivalents | $118.3M | ||
| Short-Term Investments | |||
| Other Short-Term Assets | $3.424M | $2.402M | $2.402M |
| YoY Change | 42.52% | 186.0% | 186.0% |
| Inventory | $59.02M | $15.87M | $15.87M |
| Prepaid Expenses | |||
| Receivables | $43.96M | $8.994M | $8.994M |
| Other Receivables | $15.00K | $15.66K | $15.66K |
| Total Short-Term Assets | $129.7M | $145.6M | $145.6M |
| YoY Change | -10.94% | 1489.74% | 1489.74% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $40.43M | $23.64M | $23.64M |
| YoY Change | 71.0% | 10.07% | 10.07% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $11.36M | $1.833M | $1.833M |
| YoY Change | 519.62% | 733.38% | 733.38% |
| Total Long-Term Assets | $284.5M | $33.76M | $33.76M |
| YoY Change | 742.7% | 5.66% | 5.66% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $129.7M | $145.6M | $145.6M |
| Total Long-Term Assets | $284.5M | $33.76M | $33.76M |
| Total Assets | $414.2M | $179.4M | $179.4M |
| YoY Change | 130.9% | 336.34% | 336.34% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $26.82M | $4.372M | $4.372M |
| YoY Change | 513.39% | -15.92% | -15.92% |
| Accrued Expenses | $7.010M | $4.127M | $4.127M |
| YoY Change | 69.88% | 106.33% | 106.33% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $825.7K | $1.091M | $1.091M |
| YoY Change | -24.33% | -59.59% | -59.59% |
| Long-Term Debt Due | $684.6K | $625.2K | $625.2K |
| YoY Change | 9.52% | ||
| Total Short-Term Liabilities | $35.82M | $12.10M | $12.10M |
| YoY Change | 196.1% | -1.08% | -1.08% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $219.5K | $4.866M | $4.866M |
| YoY Change | -95.49% | -16.11% | -16.11% |
| Other Long-Term Liabilities | $2.295M | $2.068M | $2.068M |
| YoY Change | 11.02% | -45.88% | -45.88% |
| Total Long-Term Liabilities | $2.515M | $6.933M | $6.933M |
| YoY Change | -63.73% | -27.93% | -27.93% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $35.82M | $12.10M | $12.10M |
| Total Long-Term Liabilities | $2.515M | $6.933M | $6.933M |
| Total Liabilities | $39.87M | $19.03M | $19.03M |
| YoY Change | 109.52% | -12.9% | -12.9% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $374.3M | $160.3M | $160.3M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $414.2M | $179.4M | $179.4M |
| YoY Change | 130.9% | 336.34% | 336.34% |
Cashflow Statement
| Concept | 2022 | 2021 Q1 | 2021 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $33.25M | -$463.4K | -$7.812M |
| YoY Change | -525.58% | -89.49% | -46.34% |
| Depreciation, Depletion And Amortization | $17.34M | $1.287M | $4.877M |
| YoY Change | 255.56% | -14.22% | 9.34% |
| Cash From Operating Activities | $2.850M | -$9.166M | -$14.42M |
| YoY Change | -119.77% | 305.56% | 168.95% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$19.22M | -$2.947M | -$7.437M |
| YoY Change | 158.43% | 2847.27% | 1516.8% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$50.46M | ||
| YoY Change | |||
| Cash From Investing Activities | -$69.68M | -$2.947M | -$7.437M |
| YoY Change | 836.9% | 2847.27% | 1516.8% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $0.00 | ||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -28.24M | 111.4M | 139.3M |
| YoY Change | -120.27% | 3483.28% | 2982.08% |
| NET CHANGE | |||
| Cash From Operating Activities | 2.850M | -9.166M | -14.42M |
| Cash From Investing Activities | -69.68M | -2.947M | -7.437M |
| Cash From Financing Activities | -28.24M | 111.4M | 139.3M |
| Net Change In Cash | -95.07M | 99.33M | 117.5M |
| YoY Change | -180.94% | 13143.63% | -9135.17% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $2.850M | -$9.166M | -$14.42M |
| Capital Expenditures | -$19.22M | -$2.947M | -$7.437M |
| Free Cash Flow | $22.07M | -$6.218M | -$6.978M |
| YoY Change | -416.27% | 187.88% | 42.41% |
Facts In Submission
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|---|---|---|---|---|
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Current State And Local Tax Expense Benefit
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