2020 Q2 Form 10-Q Financial Statement

#000143774920016895 Filed on August 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019 Q1
Revenue $40.35M $3.908M $10.46M
YoY Change 932.47% 46.86% 498.34%
Cost Of Revenue $4.797M $0.00 $915.0K
YoY Change
Gross Profit $35.55M $3.908M $9.544M
YoY Change 809.72% 46.86% 446.0%
Gross Profit Margin 88.11% 100.0% 91.25%
Selling, General & Admin $3.871M $3.392M $3.167M
YoY Change 14.11% 17.79% 3.58%
% of Gross Profit 10.89% 86.8% 33.18%
Research & Development $2.710M $2.038M $3.997M
YoY Change 32.94% -38.46% 32.89%
% of Gross Profit 7.62% 52.16% 41.88%
Depreciation & Amortization $140.0K $127.6K $137.7K
YoY Change 9.75% 2982.05% 362.32%
% of Gross Profit 0.39% 3.26% 1.44%
Operating Expenses $6.581M $5.613M $8.267M
YoY Change 17.24% -11.9% 31.58%
Operating Profit $28.80M -$1.705M $2.192M
YoY Change -1788.73% -54.04% -148.33%
Interest Expense $0.00 $3.971M $3.928M
YoY Change -100.0% 3.33% 4.79%
% of Operating Profit 0.0% 179.22%
Other Income/Expense, Net $31.93K $737.6K $736.1K
YoY Change -95.67% 411.67% 32836.42%
Pretax Income $27.21M -$4.282M $2.136M
YoY Change -735.41% -39.25% -118.44%
Income Tax $6.300M -$1.100M $506.2K
% Of Pretax Income 23.15% 23.7%
Net Earnings $20.89M -$3.162M $1.630M
YoY Change -760.56% -55.15% -114.07%
Net Earnings / Revenue 51.77% -80.92% 15.58%
Basic Earnings Per Share $0.26 -$0.04 $0.02
Diluted Earnings Per Share $0.26 -$0.05 -$0.02
COMMON SHARES
Basic Shares Outstanding 80.34M 80.99M 80.91M
Diluted Shares Outstanding 80.52M 82.11M 82.14M

Balance Sheet

Concept 2020 Q2 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $53.10M $100.3M $102.1M
YoY Change -47.06% 846.23% 634.53%
Cash & Equivalents $53.07M $100.3M $102.1M
Short-Term Investments
Other Short-Term Assets $1.400M $14.70M $15.40M
YoY Change -90.48% -86.24% 20.31%
Inventory $14.01M $2.390M $2.017M
Prepaid Expenses
Receivables $36.61M $4.128M $4.100M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $105.1M $121.5M $123.5M
YoY Change -13.55% -0.69% 299.38%
LONG-TERM ASSETS
Property, Plant & Equipment $2.366M $2.860M $2.987M
YoY Change -17.26% 2057.18% 2644.54%
Goodwill $898.3K $898.3K $898.3K
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $901.9K $930.0K $993.0K
YoY Change -3.02% 17.73% 41.41%
Total Long-Term Assets $15.35M $81.56M $82.90M
YoY Change -81.18% 1267.4% -18.89%
TOTAL ASSETS
Total Short-Term Assets $105.1M $121.5M $123.5M
Total Long-Term Assets $15.35M $81.56M $82.90M
Total Assets $120.4M $203.1M $206.4M
YoY Change -40.71% 58.24% 55.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $630.2K $1.071M $2.150M
YoY Change -41.16% -24.19% 397.36%
Accrued Expenses $14.93M $10.05M $9.958M
YoY Change 48.54% 205.69% 177.67%
Deferred Revenue $10.63M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $15.56M $11.12M $12.11M
YoY Change 39.9% -97.08% 201.3%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $77.80M $76.70M
YoY Change -100.0% 6.14% 6.23%
Other Long-Term Liabilities $10.70M $10.70M $11.60M
YoY Change 0.0% -29.14% -97.04%
Total Long-Term Liabilities $10.70M $88.50M $88.30M
YoY Change -87.91% 0.11% -80.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.56M $11.12M $12.11M
Total Long-Term Liabilities $10.70M $88.50M $88.30M
Total Liabilities $26.28M $99.64M $100.4M
YoY Change -73.62% -78.79% -78.54%
SHAREHOLDERS EQUITY
Retained Earnings -$127.3M -$117.3M -$114.2M
YoY Change 8.47% -78.91% -57180.74%
Common Stock $221.4M $220.8M $220.2M
YoY Change 0.28% 2.73% 2.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $94.13M $103.5M $106.1M
YoY Change
Total Liabilities & Shareholders Equity $120.4M $203.1M $206.4M
YoY Change -40.71% 58.24% 55.06%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income $20.89M -$3.162M $1.630M
YoY Change -760.56% -55.15% -114.07%
Depreciation, Depletion And Amortization $140.0K $127.6K $137.7K
YoY Change 9.75% 2982.05% 362.32%
Cash From Operating Activities -$9.090M -$4.350M $9.379K
YoY Change 108.97% -16.18% -100.11%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 -$10.00K
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 $0.00 -$8.951K
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.22M 0.000 -56.59K
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -9.090M -4.350M 9.379K
Cash From Investing Activities 0.000 0.000 -8.951K
Cash From Financing Activities -15.22M 0.000 -56.59K
Net Change In Cash -24.31M -4.350M -56.16K
YoY Change 458.85% -16.83% -99.34%
FREE CASH FLOW
Cash From Operating Activities -$9.090M -$4.350M $9.379K
Capital Expenditures $0.00 $0.00 -$10.00K
Free Cash Flow -$9.090M -$4.350M $19.38K
YoY Change 108.97% -15.7%

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CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2020Q2 siga Lessee Operating Lease Liability To Be Paid After Year Four
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