2021 Q3 Form 10-Q Financial Statement

#000107997321001156 Filed on November 15, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3
Revenue $64.81M $2.462M
YoY Change 2532.33% 41.49%
Cost Of Revenue $25.02M $1.302M
YoY Change 1821.27% -11.79%
Gross Profit $39.79M $1.160M
YoY Change 3330.43% 339.39%
Gross Profit Margin 61.4% 47.12%
Selling, General & Admin $40.31M $2.000M
YoY Change 1915.35% 13.51%
% of Gross Profit 101.29% 172.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.300M $1.300M
YoY Change 461.54% 6400.0%
% of Gross Profit 18.34% 112.07%
Operating Expenses $40.31M $2.000M
YoY Change 1915.35% 13.51%
Operating Profit -$4.212M -$2.107M
YoY Change 99.91% 11.25%
Interest Expense -$1.126M
YoY Change
% of Operating Profit
Other Income/Expense, Net -$11.13M $390.0K
YoY Change -2954.1% 550.0%
Pretax Income -$15.34M -$1.720M
YoY Change 792.03% -6.01%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$15.34M -$1.717M
YoY Change 793.59% -6.38%
Net Earnings / Revenue -23.67% -69.74%
Basic Earnings Per Share -$0.16 -$0.04
Diluted Earnings Per Share -$0.16 -$0.04
COMMON SHARES
Basic Shares Outstanding 96.06M shares 44.77M shares
Diluted Shares Outstanding 96.06M shares 44.77M shares

Balance Sheet

Concept 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $173.8M $39.10M
YoY Change 344.6% 113.66%
Cash & Equivalents $57.88M $30.09M
Short-Term Investments $13.65M $9.000M
Other Short-Term Assets $1.552M $1.500M
YoY Change 3.47% -25.0%
Inventory
Prepaid Expenses
Receivables $3.632M
Other Receivables $0.00
Total Short-Term Assets $179.0M $40.59M
YoY Change 341.07% 99.95%
LONG-TERM ASSETS
Property, Plant & Equipment $200.8M $8.568M
YoY Change 2243.03% 678.91%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $310.0K $300.0K
YoY Change 3.33% -97.12%
Other Assets $121.2M
YoY Change
Total Long-Term Assets $775.4M $22.04M
YoY Change 3417.75% 73.56%
TOTAL ASSETS
Total Short-Term Assets $179.0M $40.59M
Total Long-Term Assets $775.4M $22.04M
Total Assets $954.4M $62.63M
YoY Change 1423.86% 89.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.65M $780.0K
YoY Change 1778.33% -2.5%
Accrued Expenses $7.252M $383.0K
YoY Change 1793.47% -86.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $25.57M $1.260M
YoY Change 1929.68% -66.84%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $117.0M $700.0K
YoY Change 16618.14% -12.5%
Total Long-Term Liabilities $117.0M $700.0K
YoY Change 16618.14% -12.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.57M $1.260M
Total Long-Term Liabilities $117.0M $700.0K
Total Liabilities $184.1M $1.963M
YoY Change 9278.09% -59.1%
SHAREHOLDERS EQUITY
Retained Earnings -$218.4M
YoY Change
Common Stock $988.7M $294.5M
YoY Change 235.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $770.3M $60.68M
YoY Change
Total Liabilities & Shareholders Equity $954.4M $62.63M
YoY Change 1423.86% 89.79%

Cashflow Statement

Concept 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income -$15.34M -$1.717M
YoY Change 793.59% -6.38%
Depreciation, Depletion And Amortization $7.300M $1.300M
YoY Change 461.54% 6400.0%
Cash From Operating Activities -$33.79M -$3.530M
YoY Change 857.34% -25.68%
INVESTING ACTIVITIES
Capital Expenditures -$71.73M -$4.820M
YoY Change 1388.22% 48100.0%
Acquisitions
YoY Change
Other Investing Activities -$18.09M -$4.810M
YoY Change 276.13%
Cash From Investing Activities -$89.82M -$9.630M
YoY Change 832.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 34.32M 34.10M
YoY Change 0.63% 795.01%
NET CHANGE
Cash From Operating Activities -33.79M -3.530M
Cash From Investing Activities -89.82M -9.630M
Cash From Financing Activities 34.32M 34.10M
Net Change In Cash -89.30M 20.94M
YoY Change -526.47% -2327.66%
FREE CASH FLOW
Cash From Operating Activities -$33.79M -$3.530M
Capital Expenditures -$71.73M -$4.820M
Free Cash Flow $37.94M $1.290M
YoY Change 2840.93% -127.22%

Facts In Submission

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riot Impairment Gain Loss On Cryptocurrencies
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CY2021Q3 riot Reversal Of Registration Rights Penalty
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riot Reversal Of Registration Rights Penalty
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GainLossOnSaleOfPropertyPlantEquipment
31000 USD
CY2021Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
40000 USD
CY2020Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
12000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
295000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
27000 USD
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-85000 USD
CY2020Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1425000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-5000 USD
CY2021Q3 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
USD
CY2020Q3 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
26260000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
USD
CY2021Q3 us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
65000 USD
CY2020Q3 us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
385000 USD
us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
94000 USD
us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
491000 USD
CY2021Q3 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-11151000 USD
CY2020Q3 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
USD
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-10812000 USD
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
USD
CY2021Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
USD
CY2020Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3730000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
USD
CY2021Q3 us-gaap Profit Loss
ProfitLoss
-15343000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-1717000 USD
us-gaap Profit Loss
ProfitLoss
11524000 USD
us-gaap Profit Loss
ProfitLoss
-16584000 USD
riot Time Based Restricted Stock Units Granted
TimeBasedRestrictedStockUnitsGranted
9131 shares
us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
300000 shares
riot Performancebased Restricted Stock Units
PerformancebasedRestrictedStockUnits
118805 shares
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
3700000 USD

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