2020 Q3 Form 10-Q Financial Statement
#000119312520294667 Filed on November 16, 2020
Income Statement
Concept | 2020 Q3 | 2020 Q2 | 2020 Q1 |
---|---|---|---|
Revenue | $78.24M | $65.04M | |
YoY Change | 118.25% | ||
Cost Of Revenue | $47.11M | ||
YoY Change | 189.78% | ||
Gross Profit | $31.13M | ||
YoY Change | 58.89% | ||
Gross Profit Margin | 39.79% | ||
Selling, General & Admin | $148.2M | ||
YoY Change | 468.8% | ||
% of Gross Profit | 476.18% | ||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $452.0K | $457.0K | |
YoY Change | -43.5% | ||
% of Gross Profit | 1.45% | ||
Operating Expenses | $149.6M | $115.6M | |
YoY Change | 456.98% | ||
Operating Profit | -$26.48M | -$50.55M | -$170.6K |
YoY Change | 264.31% | ||
Interest Expense | $16.00K | $40.00K | |
YoY Change | -117.39% | ||
% of Operating Profit | |||
Other Income/Expense, Net | -$16.00K | -$40.00K | |
YoY Change | |||
Pretax Income | -$26.49M | -$50.59M | $349.8K |
YoY Change | 259.97% | ||
Income Tax | $0.00 | $0.00 | $98.69K |
% Of Pretax Income | 28.21% | ||
Net Earnings | -$26.49M | -$50.59M | $251.1K |
YoY Change | 259.97% | ||
Net Earnings / Revenue | -33.86% | -77.79% | |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$439.6K | ||
COMMON SHARES | |||
Basic Shares Outstanding | |||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2020 Q3 | 2020 Q2 | 2020 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $10.90M | ||
YoY Change | |||
Cash & Equivalents | $482.0K | $965.0K | $1.463M |
Short-Term Investments | |||
Other Short-Term Assets | $10.20M | ||
YoY Change | |||
Inventory | |||
Prepaid Expenses | $390.1K | $306.6K | $330.4K |
Receivables | $700.0K | ||
Other Receivables | $35.10M | ||
Total Short-Term Assets | $871.7K | $1.272M | $1.793M |
YoY Change | |||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.100M | ||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $900.0K | ||
YoY Change | |||
Total Long-Term Assets | $230.8M | $230.6M | $230.5M |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $871.7K | $1.272M | $1.793M |
Total Long-Term Assets | $230.8M | $230.6M | $230.5M |
Total Assets | $231.6M | $231.9M | $232.3M |
YoY Change | |||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $39.17K | $135.8K | $384.4K |
YoY Change | |||
Accrued Expenses | $2.441M | $318.7K | $50.00K |
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | ||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $2.683M | $668.5K | $583.6K |
YoY Change | |||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | ||
YoY Change | |||
Other Long-Term Liabilities | $4.500M | ||
YoY Change | |||
Total Long-Term Liabilities | $4.500M | ||
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.683M | $668.5K | $583.6K |
Total Long-Term Liabilities | $4.500M | ||
Total Liabilities | $10.73M | $8.719M | $8.634M |
YoY Change | |||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$2.437M | -$140.4K | $250.4K |
YoY Change | |||
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $5.000M | $5.000M | $5.000M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $231.6M | $231.9M | $232.3M |
YoY Change |
Cashflow Statement
Concept | 2020 Q3 | 2020 Q2 | 2020 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$26.49M | -$50.59M | $251.1K |
YoY Change | 259.97% | ||
Depreciation, Depletion And Amortization | $452.0K | $457.0K | |
YoY Change | -43.5% | ||
Cash From Operating Activities | $2.560M | -$66.71K | |
YoY Change | -134.55% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | -$3.700M | ||
YoY Change | -34.51% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$1.000M | ||
YoY Change | |||
Cash From Investing Activities | -$4.700M | -$230.0M | |
YoY Change | -16.81% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 7.150M | 231.5M | |
YoY Change | -50.69% | ||
NET CHANGE | |||
Cash From Operating Activities | 2.560M | -66.71K | |
Cash From Investing Activities | -4.700M | -230.0M | |
Cash From Financing Activities | 7.150M | 231.5M | |
Net Change In Cash | 5.010M | 1.463M | |
YoY Change | 247.92% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | $2.560M | -$66.71K | |
Capital Expenditures | -$3.700M | ||
Free Cash Flow | $6.260M | ||
YoY Change | -455.68% |
Facts In Submission
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Offering Costs Included In Note Payable
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Business Combination Required Completion Period After Initial Public Offering
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Cash And Cash Equivalents At Carrying Value
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|
54000 | |
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Net Income Loss Attributable To Common Class B
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dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Period End Date
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|
2020-09-30 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
DMY TECHNOLOGY GROUP, INC. | ||
dei |
Amendment Flag
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|
false | ||
dei |
Document Fiscal Year Focus
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|
2020 | ||
dei |
Document Fiscal Period Focus
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|
Q3 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001793659 | ||
dei |
Current Fiscal Year End Date
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|
--12-31 | ||
dei |
Document Quarterly Report
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|
true | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity File Number
EntityFileNumber
|
001-39232 | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
83-3626708 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
1180 North Town Center Drive | ||
dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Suite 100 | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Las Vegas | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
NV | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
89144 | ||
dei |
City Area Code
CityAreaCode
|
702 | ||
dei |
Local Phone Number
LocalPhoneNumber
|
781-4313 | ||
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Entity Filer Category
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|
Non-accelerated Filer | ||
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Entity Small Business
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true | ||
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Entity Emerging Growth Company
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true | ||
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Entity Current Reporting Status
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|
Yes | ||
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Entity Interactive Data Current
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Yes | ||
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Entity Shell Company
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true | ||
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Commitments And Contingencies
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Commitments And Contingencies
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Temporary Equity Par Or Stated Value Per Share
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0.0001 | |
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Temporary Equity Par Or Stated Value Per Share
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0.0001 | |
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21589737 | |
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Temporary Equity Shares Outstanding
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0 | |
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Temporary Equity Redemption Price Per Share
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10.00 | |
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10.00 | |
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0.0001 | |
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1000000 | |
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1000000 | |
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Preferred Stock Shares Issued
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|
0 | |
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Preferred Stock Shares Issued
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0 | |
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0 | |
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Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
dmyt |
Offering Costs Included In Accrued Expenses
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|
50000 | ||
dmyt |
Business Combination Required Completion Date After Initial Public Offering
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|
2022-02-25 | ||
us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
Stockholders of record are entitled to one vote for each share held on all matters to be voted on by stockholders. Holders of Class A common stock and holders of Class B common stock will vote together as a single class on all matters submitted to a vote of our stockholders except as required by law. | ||
CY2020Q3 | dmyt |
Working Capital
WorkingCapital
|
1800000 | |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: 'times new roman'; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Concentration of Credit Risk </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: 'times new roman'; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage limit of $250,000. At September 30, 2020, the Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts. </div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-family: 'times new roman'; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Use of Estimates </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: 'times new roman'; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The preparation of the financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting periods. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future conforming events. Accordingly, the actual results could differ from those estimates. </div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | ||
CY2020Q3 | us-gaap |
Taxes Other
TaxesOther
|
64000 | |
us-gaap |
Taxes Other
TaxesOther
|
278000 | ||
CY2020Q3 | dmyt |
Net Income Loss Attributable To Common Class A
NetIncomeLossAttributableToCommonClassA
|
53000 | |
dmyt |
Net Income Loss Attributable To Common Class A
NetIncomeLossAttributableToCommonClassA
|
480000 | ||
CY2020Q3 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
CY2020Q3 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
0 | |
CY2019Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
CY2020Q3 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
P5Y | |
dmyt |
Class Of Warrant Or Right Exercisable Description
ClassOfWarrantOrRightExercisableDescription
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On the later of (a) 30 days after the completion of a Business Combination or (b) 12 months from the closing of the Initial Public Offering | ||
dmyt |
Warrants Expiration Term Description
WarrantsExpirationTermDescription
|
Five years after the completion of a Business Combination or earlier upon redemption or liquidation | ||
dmyt |
Warrant Redemption Price Description
WarrantRedemptionPriceDescription
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At a price of $0.01 per warrant | ||
dmyt |
Warrants Expire Date
WarrantsExpireDate
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Upon a minimum of 30 days’ prior written notice of redemption | ||
CY2020Q3 | dmyt |
Interest Income In Operating Account
InterestIncomeInOperatingAccount
|
16 | |
dmyt |
Interest Income In Operating Account
InterestIncomeInOperatingAccount
|
91 | ||
CY2019Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
0 |