2022 Q4 Form 20-F Financial Statement

#000114036123021095 Filed on April 28, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $27.77M $75.17M $9.647M
YoY Change 187.83% 106.0% 224.81%
Cost Of Revenue $7.079M $28.69M $7.890M
YoY Change -10.28% -8.94% 146.56%
Gross Profit $20.69M $46.48M $1.757M
YoY Change 1077.46% 832.48% -863.91%
Gross Profit Margin 74.51% 61.84% 18.21%
Selling, General & Admin $2.061M $6.784M $1.644M
YoY Change 25.36% 14.17% -0.36%
% of Gross Profit 9.96% 14.59% 93.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.715M $9.281M $1.911M
YoY Change 42.07% 24.21% 24.9%
% of Gross Profit 13.12% 19.97% 108.76%
Operating Expenses $4.776M $16.07M $3.555M
YoY Change 34.35% 19.76% 11.79%
Operating Profit $15.91M $30.42M -$1.798M
YoY Change -984.98% -460.89% -47.27%
Interest Expense -$1.618M -$3.662M -$389.0K
YoY Change 315.94% 109.02% -37.26%
% of Operating Profit -10.17% -12.04%
Other Income/Expense, Net -$96.00K -$400.0K
YoY Change 54.84%
Pretax Income $23.84M $36.30M -$2.450M
YoY Change -1072.94% -459.19% -39.21%
Income Tax
% Of Pretax Income
Net Earnings $9.412M $12.00M -$2.050M
YoY Change -559.12% -223.67% -19.61%
Net Earnings / Revenue 33.9% 15.97% -21.25%
Basic Earnings Per Share $6.49
Diluted Earnings Per Share $0.70 $1.86 -$407.3K
COMMON SHARES
Basic Shares Outstanding 4.188M 1.850M
Diluted Shares Outstanding 6.448M

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $39.73M $39.73M $9.573M
YoY Change 314.98% 314.98% -55.27%
Cash & Equivalents $39.73M $39.73M $9.573M
Short-Term Investments
Other Short-Term Assets $2.590M $2.590M $1.775M
YoY Change 45.92% 45.92% 10.94%
Inventory $3.037M $3.037M $4.286M
Prepaid Expenses
Receivables $9.110M $9.110M $3.792M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $39.73M $39.73M $19.43M
YoY Change 104.5% 104.5% -31.6%
LONG-TERM ASSETS
Property, Plant & Equipment $236.7M $236.7M $123.3M
YoY Change 92.0% 92.0% -4.74%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $16.57M $16.57M $2.227M
YoY Change 644.23% 644.23%
Total Long-Term Assets $253.3M $253.3M $125.5M
YoY Change 101.8% 101.8% -3.09%
TOTAL ASSETS
Total Short-Term Assets $39.73M $39.73M $19.43M
Total Long-Term Assets $253.3M $253.3M $125.5M
Total Assets $293.0M $293.0M $144.9M
YoY Change 102.16% 102.16% -8.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.580M $4.915M $5.869M
YoY Change -21.96% -16.25% 291.27%
Accrued Expenses $2.889M $2.962M $1.408M
YoY Change 105.18% 110.37% 17.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $16.75M $16.75M $7.788M
YoY Change 115.02% 115.02% -0.15%
Total Short-Term Liabilities $26.10M $26.10M $15.19M
YoY Change 71.87% 71.87% 40.6%
LONG-TERM LIABILITIES
Long-Term Debt $127.7M $127.7M $42.11M
YoY Change 203.19% 203.19% -15.61%
Other Long-Term Liabilities $9.599M $9.599M $280.0K
YoY Change 3328.21% 3328.21% -6.67%
Total Long-Term Liabilities $137.3M $137.3M $42.39M
YoY Change 223.84% 223.84% -15.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.10M $26.10M $15.19M
Total Long-Term Liabilities $137.3M $137.3M $42.39M
Total Liabilities $137.3M $137.3M $57.58M
YoY Change 138.43% 138.43% -5.77%
SHAREHOLDERS EQUITY
Retained Earnings -$358.0M -$370.1M
YoY Change -3.27%
Common Stock $42.00K $3.000K
YoY Change 1300.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $155.7M $155.7M $87.35M
YoY Change
Total Liabilities & Shareholders Equity $293.0M $293.0M $144.9M
YoY Change 102.16% 102.16% -8.22%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income $9.412M $12.00M -$2.050M
YoY Change -559.12% -223.67% -19.61%
Depreciation, Depletion And Amortization $2.715M $9.281M $1.911M
YoY Change 42.07% 24.21% 24.9%
Cash From Operating Activities $13.51M $33.85M
YoY Change -1183.8%
INVESTING ACTIVITIES
Capital Expenditures $570.0K $2.136M
YoY Change -219.66%
Acquisitions
YoY Change
Other Investing Activities -$44.86M -$113.0M
YoY Change -11228.08%
Cash From Investing Activities -$43.29M -$113.0M
YoY Change 14568.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.155M 109.3M
YoY Change -1481.05%
NET CHANGE
Cash From Operating Activities 13.51M 33.85M
Cash From Investing Activities -43.29M -113.0M
Cash From Financing Activities 8.155M 109.3M
Net Change In Cash -21.62M 30.15M
YoY Change -355.44%
FREE CASH FLOW
Cash From Operating Activities $13.51M $33.85M
Capital Expenditures $570.0K $2.136M
Free Cash Flow $12.94M $31.71M
YoY Change -2470.03%

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