2022 Q1 Form 10-Q Financial Statement
#000178217022000078 Filed on May 13, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $136.0M | $91.06M |
| YoY Change | 49.37% | 99.25% |
| Cost Of Revenue | $56.26M | $41.11M |
| YoY Change | 36.86% | 93.92% |
| Gross Profit | $79.75M | $49.95M |
| YoY Change | 59.67% | 103.86% |
| Gross Profit Margin | 58.63% | 54.85% |
| Selling, General & Admin | $77.83M | $45.63M |
| YoY Change | 70.58% | 78.94% |
| % of Gross Profit | 97.6% | 91.36% |
| Research & Development | $23.58M | $11.64M |
| YoY Change | 102.46% | 27.96% |
| % of Gross Profit | 29.56% | 23.31% |
| Depreciation & Amortization | $1.500M | $1.200M |
| YoY Change | 25.0% | 37.93% |
| % of Gross Profit | 1.88% | 2.4% |
| Operating Expenses | $102.9M | $58.52M |
| YoY Change | 75.89% | 64.84% |
| Operating Profit | -$23.17M | -$8.572M |
| YoY Change | 170.35% | -22.07% |
| Interest Expense | -$277.0K | -$254.0K |
| YoY Change | 9.06% | 27.0% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $669.0K | $1.426M |
| YoY Change | -53.09% | -183.88% |
| Pretax Income | -$22.78M | -$7.400M |
| YoY Change | 207.86% | -42.64% |
| Income Tax | $528.0K | $370.0K |
| % Of Pretax Income | ||
| Net Earnings | -$23.31M | -$7.770M |
| YoY Change | 200.0% | -40.69% |
| Net Earnings / Revenue | -17.14% | -8.53% |
| Basic Earnings Per Share | -$0.14 | |
| Diluted Earnings Per Share | -$141.8K | -$48.13K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 166.1M shares | |
| Diluted Shares Outstanding | 164.4M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $501.8M | $305.6M |
| YoY Change | 64.18% | |
| Cash & Equivalents | $501.8M | $305.6M |
| Short-Term Investments | ||
| Other Short-Term Assets | $23.41M | $11.78M |
| YoY Change | 98.84% | |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $606.9M | $379.3M |
| YoY Change | 60.01% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $16.94M | $14.56M |
| YoY Change | 16.36% | |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $3.696M | $1.235M |
| YoY Change | 199.27% | |
| Total Long-Term Assets | $20.64M | $15.80M |
| YoY Change | 30.66% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $606.9M | $379.3M |
| Total Long-Term Assets | $20.64M | $15.80M |
| Total Assets | $627.5M | $395.1M |
| YoY Change | 58.83% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $6.048M | $12.73M |
| YoY Change | -52.48% | |
| Accrued Expenses | $46.90M | $27.44M |
| YoY Change | 70.92% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $65.00M |
| YoY Change | -100.0% | |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $150.6M | $216.9M |
| YoY Change | -30.6% | |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $5.468M | $3.943M |
| YoY Change | 38.68% | |
| Total Long-Term Liabilities | $5.468M | $3.943M |
| YoY Change | 38.68% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $150.6M | $216.9M |
| Total Long-Term Liabilities | $5.468M | $3.943M |
| Total Liabilities | $156.0M | $220.9M |
| YoY Change | -29.36% | |
| 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 | $471.5M | -$216.5M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $627.5M | $395.1M |
| YoY Change | 58.83% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$23.31M | -$7.770M |
| YoY Change | 200.0% | -40.69% |
| Depreciation, Depletion And Amortization | $1.500M | $1.200M |
| YoY Change | 25.0% | 37.93% |
| Cash From Operating Activities | $40.25M | $62.92M |
| YoY Change | -36.03% | -1043.27% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$1.625M | -$1.198M |
| YoY Change | 35.64% | -184.37% |
| Acquisitions | $0.00 | |
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$1.625M | -$1.198M |
| YoY Change | 35.64% | -15.63% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | $0.00 | |
| YoY Change | ||
| Cash From Financing Activities | 2.601M | -10.87M |
| YoY Change | -123.92% | -75.63% |
| NET CHANGE | ||
| Cash From Operating Activities | 40.25M | 62.92M |
| Cash From Investing Activities | -1.625M | -1.198M |
| Cash From Financing Activities | 2.601M | -10.87M |
| Net Change In Cash | 41.23M | 50.84M |
| YoY Change | -18.92% | -196.46% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $40.25M | $62.92M |
| Capital Expenditures | -$1.625M | -$1.198M |
| Free Cash Flow | $41.88M | $64.11M |
| YoY Change | -34.69% | -892.51% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
1882000 | USD |
| CY2021Q1 | rely |
Temporary Equity Stock Issued During Period Shares New Issues
TemporaryEquityStockIssuedDuringPeriodSharesNewIssues
|
328026 | shares |
| CY2021Q1 | us-gaap |
Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
|
3000000 | USD |
| CY2022Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
500000 | USD |
| CY2021Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
300000 | USD |
| CY2021Q1 | us-gaap |
Hosting Arrangement Service Contract Implementation Cost Impairment
HostingArrangementServiceContractImplementationCostImpairment
|
0 | USD |
| CY2022Q1 | us-gaap |
Hosting Arrangement Service Contract Implementation Cost Impairment
HostingArrangementServiceContractImplementationCostImpairment
|
0 | USD |
| CY2021Q4 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
18900000 | USD |
| CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-23310000 | USD |
| CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7770000 | USD |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | shares |
| CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
2.69 | |
| CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
2900000 | USD |
