2022 Q3 Form 10-Q Financial Statement

#000166299122000027 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $30.41M $29.25M $27.63M
YoY Change 6.77% 6.82% 6.16%
Cost Of Revenue $9.320M $10.12M $11.79M
YoY Change -45.32%
Gross Profit $21.09M $19.14M $15.84M
YoY Change -45.91%
Gross Profit Margin 69.35% 65.42% 57.32%
Selling, General & Admin $2.288M $4.201M $7.743M
YoY Change -47.05% 7.56% 224.86%
% of Gross Profit 10.85% 21.95% 48.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $206.7K $218.6K $224.0K
YoY Change -35.52% 37.07%
% of Gross Profit 0.98% 1.14% 1.41%
Operating Expenses $2.288M $4.201M $7.743M
YoY Change -47.05% 7.56% 224.86%
Operating Profit $6.500M -$13.55M -$26.12M
YoY Change -136.75% -23.92% 195.79%
Interest Expense $2.192M $1.670M $1.615M
YoY Change 86.94% 36.19% 19.33%
% of Operating Profit 33.73%
Other Income/Expense, Net $47.69K $155.3K -$228.3K
YoY Change 28.11% 4856.48% 300.33%
Pretax Income $4.355M -$15.07M -$27.97M
YoY Change -123.14% -20.85% 146.73%
Income Tax $10.83K $16.65K $21.15K
% Of Pretax Income 0.25%
Net Earnings $4.344M -$15.08M -$27.99M
YoY Change -123.07% -20.86% 146.52%
Net Earnings / Revenue 14.29% -51.57% -101.28%
Basic Earnings Per Share $0.02 -$0.07 -$0.14
Diluted Earnings Per Share $0.02 -$0.07 -$0.14
COMMON SHARES
Basic Shares Outstanding 207.5M shares 207.2M shares 204.6M shares
Diluted Shares Outstanding 227.2M shares 207.2M shares 204.6M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $57.87M $62.08M $58.37M
YoY Change 6.69%
Cash & Equivalents $57.87M $62.08M $58.37M
Short-Term Investments
Other Short-Term Assets $4.464M $3.666M $5.699M
YoY Change -25.43%
Inventory
Prepaid Expenses
Receivables $96.17M $93.50M $115.1M
Other Receivables $2.350M $2.841M $2.126M
Total Short-Term Assets $156.9M $158.0M $176.7M
YoY Change -6.08% -4.09%
LONG-TERM ASSETS
Property, Plant & Equipment $381.3K $471.0K $607.1K
YoY Change -41.47% -6.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $232.0K $243.2K $244.5K
YoY Change 983.32% 473.75%
Total Long-Term Assets $2.051M $2.117M $2.213M
YoY Change 26.49% 41.8%
TOTAL ASSETS
Total Short-Term Assets $156.9M $158.0M $176.7M
Total Long-Term Assets $2.051M $2.117M $2.213M
Total Assets $158.9M $160.1M $178.9M
YoY Change -5.77% -3.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $83.76M $85.31M $95.27M
YoY Change -7.68% -4.07%
Accrued Expenses $9.720M $12.50M $13.90M
YoY Change -14.04% 29.08%
Deferred Revenue $531.1K
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $99.28M $102.6M $114.0M
YoY Change -5.35% 1.07%
LONG-TERM LIABILITIES
Long-Term Debt $53.93M $57.33M $52.15M
YoY Change 189.84%
Other Long-Term Liabilities $3.970K $4.930K $53.60K
YoY Change
Total Long-Term Liabilities $53.93M $57.34M $52.20M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $99.28M $102.6M $114.0M
Total Long-Term Liabilities $53.93M $57.34M $52.20M
Total Liabilities $153.2M $160.0M $166.2M
YoY Change 40.74% 31.84%
SHAREHOLDERS EQUITY
Retained Earnings -$166.1M -$170.5M -$155.4M
YoY Change 63.71% 106.27%
Common Stock $2.080K $2.077K $2.069K
YoY Change 2.16% 5.01%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.017M $3.994M
YoY Change 142.44%
Treasury Stock Shares 960.7K shares 878.0K shares
Shareholders Equity $5.729M $147.7K $12.73M
YoY Change
Total Liabilities & Shareholders Equity $158.9M $160.1M $178.9M
YoY Change -5.77% -3.68%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $4.344M -$15.08M -$27.99M
YoY Change -123.07% -20.86% 146.52%
Depreciation, Depletion And Amortization $206.7K $218.6K $224.0K
YoY Change -35.52% 37.07%
Cash From Operating Activities $950.5K -$1.689M $7.809M
YoY Change -69.79% -244.38%
INVESTING ACTIVITIES
Capital Expenditures -$217.9K -$194.5K $56.49K
YoY Change -71.07% -70.24%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$217.9K -$194.5K -$374.2K
YoY Change -71.07% -3.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $303.1K
YoY Change -47.66%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.875M 5.299M -$26.20M
YoY Change -122.73% 63.18%
NET CHANGE
Cash From Operating Activities 950.5K -1.689M $7.809M
Cash From Investing Activities -217.9K -194.5K -$374.2K
Cash From Financing Activities -3.875M 5.299M -$26.20M
Net Change In Cash -3.142M 3.416M -$18.77M
YoY Change -111.55% -14.13%
FREE CASH FLOW
Cash From Operating Activities $950.5K -$1.689M $7.809M
Capital Expenditures -$217.9K -$194.5K $56.49K
Free Cash Flow $1.168M -$1.494M $7.753M
YoY Change -69.62% -238.47%

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