2020 Q1 Form 10-Q Financial Statement

#000091727320000011 Filed on May 08, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $65.78M $48.38M
YoY Change 35.95% 4.22%
Cost Of Revenue $15.89M $11.20M
YoY Change 41.86% -7.62%
Gross Profit $49.89M $37.19M
YoY Change 34.17% 8.4%
Gross Profit Margin 75.85% 76.86%
Selling, General & Admin $23.31M $26.52M
YoY Change -12.12% -12.18%
% of Gross Profit 46.71% 71.32%
Research & Development $36.66M $40.62M
YoY Change -9.74% 1.25%
% of Gross Profit 73.49% 109.23%
Depreciation & Amortization $7.711M $4.809M
YoY Change 60.35% 63.46%
% of Gross Profit 15.46% 12.93%
Operating Expenses $59.35M $68.60M
YoY Change -13.47% -2.45%
Operating Profit -$9.462M -$31.41M
YoY Change -69.87% -27.98%
Interest Expense $2.555M $2.271M
YoY Change 12.51% -48.63%
% of Operating Profit
Other Income/Expense, Net $3.888M $5.142M
YoY Change -24.39% 9.52%
Pretax Income -$5.574M -$26.27M
YoY Change -78.78% -32.51%
Income Tax $1.000M $300.0K
% Of Pretax Income
Net Earnings -$6.539M -$26.58M
YoY Change -75.4% -25.53%
Net Earnings / Revenue -9.94% -54.93%
Basic Earnings Per Share -$0.06 -$0.24
Diluted Earnings Per Share -$0.06 -$0.24
COMMON SHARES
Basic Shares Outstanding 112.9M shares 109.7M shares
Diluted Shares Outstanding 112.9M shares 109.7M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $435.4M $305.9M
YoY Change 42.33% 5.05%
Cash & Equivalents $175.4M $143.0M
Short-Term Investments $260.0M $162.9M
Other Short-Term Assets $17.10M $16.90M
YoY Change 1.18% 0.6%
Inventory $9.848M $8.192M
Prepaid Expenses
Receivables $44.36M $43.81M
Other Receivables $0.00 $0.00
Total Short-Term Assets $678.8M $545.0M
YoY Change 24.54% 8.62%
LONG-TERM ASSETS
Property, Plant & Equipment $47.74M $22.64M
YoY Change 110.91% -53.22%
Goodwill $183.5M $207.8M
YoY Change -11.72% -1.67%
Intangibles $50.21M $55.51M
YoY Change -9.55% -32.38%
Long-Term Investments $3.400M $3.200M
YoY Change 6.25%
Other Assets $5.579M $7.419M
YoY Change -24.8% 64.61%
Total Long-Term Assets $640.7M $776.4M
YoY Change -17.47% -25.19%
TOTAL ASSETS
Total Short-Term Assets $678.8M $545.0M
Total Long-Term Assets $640.7M $776.4M
Total Assets $1.319B $1.321B
YoY Change -0.15% -14.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.73M $8.274M
YoY Change 90.11% 16.86%
Accrued Expenses $17.60M $23.00M
YoY Change -23.48% 53.33%
Deferred Revenue $10.12M $15.77M
YoY Change -35.84% 688.7%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $80.06M $69.28M
YoY Change 15.57% -52.5%
LONG-TERM LIABILITIES
Long-Term Debt $150.6M $143.6M
YoY Change 4.87% -17.52%
Other Long-Term Liabilities $15.79M $22.97M
YoY Change -31.26% 164.81%
Total Long-Term Liabilities $15.79M $22.97M
YoY Change -31.26% 164.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $80.06M $69.28M
Total Long-Term Liabilities $15.79M $22.97M
Total Liabilities $353.8M $321.5M
YoY Change 10.03% -23.56%
SHAREHOLDERS EQUITY
Retained Earnings -$298.2M $4.500M
YoY Change -6727.27% -99.28%
Common Stock $1.264B $1.235B
YoY Change 2.36% 3.23%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $971.6M $999.9M
YoY Change
Total Liabilities & Shareholders Equity $1.319B $1.321B
YoY Change -0.15% -14.17%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$6.539M -$26.58M
YoY Change -75.4% -25.53%
Depreciation, Depletion And Amortization $7.711M $4.809M
YoY Change 60.35% 63.46%
Cash From Operating Activities $37.26M $28.76M
YoY Change 29.54% 71.2%
INVESTING ACTIVITIES
Capital Expenditures $1.950M $664.0K
YoY Change 193.67% -60.66%
Acquisitions
YoY Change
Other Investing Activities $44.20M -$800.0K
YoY Change -5625.0% -98.77%
Cash From Investing Activities $42.22M -$1.493M
YoY Change -2927.66% -97.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$5.764M -$170.0K
YoY Change 3290.59% -99.69%
NET CHANGE
Cash From Operating Activities $37.26M $28.76M
Cash From Investing Activities $42.22M -$1.493M
Cash From Financing Activities -$5.764M -$170.0K
Net Change In Cash $73.26M $27.10M
YoY Change 170.35% -126.06%
FREE CASH FLOW
Cash From Operating Activities $37.26M $28.76M
Capital Expenditures $1.950M $664.0K
Free Cash Flow $35.31M $28.10M
YoY Change 25.66% 85.93%

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