2022 Q3 Form 10-Q Financial Statement
#000178217022000123 Filed on August 10, 2022
Income Statement
| Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
|---|---|---|---|
| Revenue | $169.3M | $157.3M | $136.0M |
| YoY Change | 39.6% | 41.61% | 49.37% |
| Cost Of Revenue | $69.87M | $60.83M | $56.26M |
| YoY Change | 46.91% | 30.79% | 36.86% |
| Gross Profit | $99.39M | $96.43M | $79.75M |
| YoY Change | 34.88% | 49.4% | 59.67% |
| Gross Profit Margin | 58.72% | 61.32% | 58.63% |
| Selling, General & Admin | $96.98M | $98.21M | $77.83M |
| YoY Change | 44.95% | 96.56% | 70.58% |
| % of Gross Profit | 97.58% | 101.85% | 97.6% |
| Research & Development | $36.18M | $36.08M | $23.58M |
| YoY Change | 99.62% | 137.42% | 102.46% |
| % of Gross Profit | 36.4% | 37.42% | 29.56% |
| Depreciation & Amortization | $1.843M | $1.510M | $1.500M |
| YoY Change | 39.73% | 13.88% | 25.0% |
| % of Gross Profit | 1.85% | 1.57% | 1.88% |
| Operating Expenses | $135.0M | $36.08M | $102.9M |
| YoY Change | 644.93% | 137.42% | 75.89% |
| Operating Profit | -$35.62M | -$39.38M | -$23.17M |
| YoY Change | 181.18% | 1925.57% | 170.35% |
| Interest Expense | $1.070M | $332.0K | -$277.0K |
| YoY Change | 108.98% | 19.86% | 9.06% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $1.765M | $1.687M | $669.0K |
| YoY Change | 345.71% | 38.05% | -53.09% |
| Pretax Income | -$32.78M | -$37.58M | -$22.78M |
| YoY Change | 158.11% | 3680.99% | 207.86% |
| Income Tax | $287.0K | $662.0K | $528.0K |
| % Of Pretax Income | |||
| Net Earnings | -$33.07M | -$38.25M | -$23.31M |
| YoY Change | 155.12% | 2541.23% | 200.0% |
| Net Earnings / Revenue | -19.54% | -24.32% | -17.14% |
| Basic Earnings Per Share | -$0.20 | -$0.23 | -$0.14 |
| Diluted Earnings Per Share | -$196.1K | -$0.23 | -$141.8K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 168.0M shares | 166.5M shares | 166.1M shares |
| Diluted Shares Outstanding | 168.6M shares | 166.5M shares | 164.4M shares |
Balance Sheet
| Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $532.0M | $589.2M | $501.8M |
| YoY Change | -3.64% | 162.32% | 64.18% |
| Cash & Equivalents | $532.0M | $429.7M | $501.8M |
| Short-Term Investments | |||
| Other Short-Term Assets | $20.12M | $19.68M | $23.41M |
| YoY Change | 25.81% | 61.47% | 98.84% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | $666.1M | $704.1M | $606.9M |
| YoY Change | 2.91% | 137.58% | 60.01% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $19.69M | $10.24M | $16.94M |
| YoY Change | 113.44% | -26.43% | 16.36% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $4.512M | $3.578M | $3.696M |
| YoY Change | 128.8% | 52.13% | 199.27% |
| Total Long-Term Assets | $24.20M | $24.01M | $20.64M |
| YoY Change | 37.9% | 47.61% | 30.66% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $666.1M | $704.1M | $606.9M |
| Total Long-Term Assets | $24.20M | $24.01M | $20.64M |
| Total Assets | $690.3M | $728.1M | $627.5M |
| YoY Change | 3.83% | 132.9% | 58.83% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $8.180M | $5.459M | $6.048M |
| YoY Change | 19.09% | -25.55% | -52.48% |
| Accrued Expenses | $102.7M | $114.0M | $46.90M |
| YoY Change | 78.06% | 204.6% | 70.92% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | ||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $215.8M | $251.9M | $150.6M |
| YoY Change | 24.97% | 93.03% | -30.6% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $8.066M | $1.075M | $5.468M |
| YoY Change | 795.23% | -70.1% | 38.68% |
| Total Long-Term Liabilities | $8.066M | $1.075M | $5.468M |
| YoY Change | 795.23% | -70.1% | 38.68% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $215.8M | $251.9M | $150.6M |
| Total Long-Term Liabilities | $8.066M | $1.075M | $5.468M |
| Total Liabilities | $223.8M | $260.9M | $156.0M |
| YoY Change | 26.34% | 94.57% | -29.36% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$354.1M | -$321.0M | |
| YoY Change | 45.79% | ||
| Common Stock | $17.00K | $17.00K | |
| YoY Change | 6.25% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $466.5M | $467.2M | $471.5M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $690.3M | $728.1M | $627.5M |
| YoY Change | 3.83% | 132.9% | 58.83% |
Cashflow Statement
| Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$33.07M | -$38.25M | -$23.31M |
| YoY Change | 155.12% | 2541.23% | 200.0% |
| Depreciation, Depletion And Amortization | $1.843M | $1.510M | $1.500M |
| YoY Change | 39.73% | 13.88% | 25.0% |
| Cash From Operating Activities | -$53.82M | -$14.22M | $40.25M |
| YoY Change | 31.74% | 438.64% | -36.03% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$1.461M | -$1.555M | -$1.625M |
| YoY Change | 41.02% | 47.53% | 35.64% |
| Acquisitions | $0.00 | ||
| YoY Change | |||
| Other Investing Activities | -$375.0K | ||
| YoY Change | |||
| Cash From Investing Activities | -$1.836M | -$1.555M | -$1.625M |
| YoY Change | 77.22% | 47.53% | 35.64% |
| 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 | 3.753M | 1.836M | 2.601M |
| YoY Change | -98.8% | -102.97% | -123.92% |
| NET CHANGE | |||
| Cash From Operating Activities | -53.82M | -14.22M | 40.25M |
| Cash From Investing Activities | -1.836M | -1.555M | -1.625M |
| Cash From Financing Activities | 3.753M | 1.836M | 2.601M |
| Net Change In Cash | -51.90M | -13.94M | 41.23M |
| YoY Change | -119.19% | -78.71% | -18.92% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$53.82M | -$14.22M | $40.25M |
| Capital Expenditures | -$1.461M | -$1.555M | -$1.625M |
| Free Cash Flow | -$52.36M | -$12.66M | $41.88M |
| YoY Change | 31.5% | 698.55% | -34.69% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| dei |
Entity File Number
EntityFileNumber
|
021-344104 | ||
| CY2022Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
2154000 | usd |
| us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
0 | usd | |
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Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
-80000000 | usd | |
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Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | shares | |
| CY2021Q2 | rely |
Temporary Equity Issuance Costs
TemporaryEquityIssuanceCosts
|
20000 | usd |
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Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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169000 | usd |
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Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
169000 | usd | |
| us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
4034000 | usd | |
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Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
30000 | usd | |
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Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
0 | usd | |
| us-gaap |
Depreciation
Depreciation
|
3000000 | usd | |
| us-gaap |
Depreciation
Depreciation
|
2600000 | usd | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | ||
| CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | shares |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | shares | |
| CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
3.84 | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
3.76 | ||
| CY2022Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
4300000 | usd |
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
7100000 | usd | |
| CY2021Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
1900000 | usd |
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
3300000 | usd |
