2024 Q4 Form 10-Q Financial Statement

#000159990124000186 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $2.336M
YoY Change -17.1%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $23.27M
YoY Change 69.5%
% of Gross Profit
Research & Development $77.20M
YoY Change 61.79%
% of Gross Profit
Depreciation & Amortization $700.0K
YoY Change 16.67%
% of Gross Profit
Operating Expenses $100.5M
YoY Change 63.52%
Operating Profit -$98.13M
YoY Change 67.39%
Interest Expense $17.97M
YoY Change 186.11%
% of Operating Profit
Other Income/Expense, Net $17.74M
YoY Change 183.01%
Pretax Income -$80.40M
YoY Change 53.55%
Income Tax
% Of Pretax Income
Net Earnings -$80.40M
YoY Change 53.55%
Net Earnings / Revenue -3441.7%
Basic Earnings Per Share -$0.65
Diluted Earnings Per Share -$0.65
COMMON SHARES
Basic Shares Outstanding 119.3M shares 109.8M shares
Diluted Shares Outstanding 123.4M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.589B
YoY Change 192.77%
Cash & Equivalents $370.2M
Short-Term Investments $1.218B
Other Short-Term Assets $33.27M
YoY Change 157.93%
Inventory
Prepaid Expenses $14.06M
Receivables $0.00
Other Receivables $0.00
Total Short-Term Assets $1.622B
YoY Change 191.97%
LONG-TERM ASSETS
Property, Plant & Equipment $9.493M
YoY Change 16.77%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $318.0K
YoY Change -7.56%
Total Long-Term Assets $18.91M
YoY Change 6.95%
TOTAL ASSETS
Total Short-Term Assets $1.622B
Total Long-Term Assets $18.91M
Total Assets $1.641B
YoY Change 186.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.662M
YoY Change 38.05%
Accrued Expenses $64.01M
YoY Change 55.37%
Deferred Revenue $19.66M
YoY Change 898.98%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $91.33M
YoY Change 87.48%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $46.06M
YoY Change 557.97%
Total Long-Term Liabilities $46.06M
YoY Change 557.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $91.33M
Total Long-Term Liabilities $46.06M
Total Liabilities $137.4M
YoY Change 146.68%
SHAREHOLDERS EQUITY
Retained Earnings -$790.8M
YoY Change 54.97%
Common Stock $2.287B
YoY Change 122.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.503B
YoY Change
Total Liabilities & Shareholders Equity $1.641B
YoY Change 186.27%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$80.40M
YoY Change 53.55%
Depreciation, Depletion And Amortization $700.0K
YoY Change 16.67%
Cash From Operating Activities -$65.62M
YoY Change 78.3%
INVESTING ACTIVITIES
Capital Expenditures $1.704M
YoY Change 83.23%
Acquisitions
YoY Change
Other Investing Activities -$480.7M
YoY Change 1473.0%
Cash From Investing Activities -$482.4M
YoY Change 1432.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 342.5M
YoY Change 856060.0%
NET CHANGE
Cash From Operating Activities -65.62M
Cash From Investing Activities -482.4M
Cash From Financing Activities 342.5M
Net Change In Cash -205.6M
YoY Change 201.24%
FREE CASH FLOW
Cash From Operating Activities -$65.62M
Capital Expenditures $1.704M
Free Cash Flow -$67.32M
YoY Change 78.42%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s condensed consolidated financial statements are prepared in accordance with GAAP, which requires the Company to make estimates and assumptions that impact the reported amounts of assets, liabilities, revenues and expenses and the disclosure of contingent assets and liabilities in the condensed consolidated financial statements and accompanying notes. The most significant estimates in the Company’s condensed consolidated financial statements relate to revenue recognition, stock-based compensation, and accrued research and development costs. Although these estimates are based on the Company’s knowledge of current events and actions it may undertake in the future, actual results may ultimately materially differ from these estimates and assumptions.</span></div>
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