2022 Q3 Form 10-Q Financial Statement

#000143774922018940 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $72.21M $16.67M $10.54M
YoY Change 1390.07% 92.61% 118.94%
Cost Of Revenue $3.949M $882.1K $4.720M
YoY Change 4642.03% -11.44% 1781.66%
Gross Profit $68.26M $15.78M $5.819M
YoY Change 1333.21% 106.14% 27.53%
Gross Profit Margin 94.53% 94.71% 55.21%
Selling, General & Admin $19.66M $5.874M $3.518M
YoY Change 356.52% 8.94% -13.27%
% of Gross Profit 28.8% 37.21% 60.46%
Research & Development $5.733M $6.840M $3.547M
YoY Change 77.21% 202.13% 54.02%
% of Gross Profit 8.4% 43.33% 60.95%
Depreciation & Amortization $130.2K $128.7K $100.0K
YoY Change 1.06% -4.54% -23.56%
% of Gross Profit 0.19% 0.82% 1.72%
Operating Expenses $25.39M $12.71M $7.065M
YoY Change 236.69% 66.06% 11.1%
Operating Profit $42.87M $3.071M -$1.439M
YoY Change -1556.34% 278548.91% -27.67%
Interest Expense $0.00 $49.56K $351.1K
YoY Change
% of Operating Profit 0.0% 1.61%
Other Income/Expense, Net $259.0K $72.37K $23.32K
YoY Change 886.5% 198.63% -8.78%
Pretax Income $43.13M $3.193M -$1.064M
YoY Change -1182.59% 582.76% 1.86%
Income Tax $10.10M $1.200M -$700.0K
% Of Pretax Income 23.42% 37.59%
Net Earnings $33.04M $2.037M -$361.0K
YoY Change -1161.25% 1103.94% -55.54%
Net Earnings / Revenue 45.76% 12.22% -3.43%
Basic Earnings Per Share $0.45 $0.03 $0.00
Diluted Earnings Per Share $0.45 $0.03 -$0.01
COMMON SHARES
Basic Shares Outstanding 73.02M 72.68M 73.07M
Diluted Shares Outstanding 73.26M 73.33M 73.88M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $109.7M $114.5M $153.3M
YoY Change 18.24% 16.29% 43.91%
Cash & Equivalents $109.7M $114.5M $153.3M
Short-Term Investments
Other Short-Term Assets $964.1K $3.083M $2.233M
YoY Change -63.24% 73.77% 11.65%
Inventory $31.26M $16.43M $16.28M
Prepaid Expenses
Receivables $54.93M $19.60M $5.339M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $196.9M $153.6M $177.1M
YoY Change 52.71% 20.92% 33.28%
LONG-TERM ASSETS
Property, Plant & Equipment $1.980M $2.110M $2.238M
YoY Change -19.81% -18.77% 12.66%
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 $261.8K $249.2K $265.4K
YoY Change -14.64% -36.54% -36.72%
Total Long-Term Assets $7.324M $6.297M $7.437M
YoY Change 10.53% -4.88% 26.54%
TOTAL ASSETS
Total Short-Term Assets $196.9M $153.6M $177.1M
Total Long-Term Assets $7.324M $6.297M $7.437M
Total Assets $204.2M $159.9M $184.5M
YoY Change 50.65% 19.64% 32.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.445M $1.215M $1.778M
YoY Change -75.46% 79.84% 298.03%
Accrued Expenses $15.89M $14.84M $4.653M
YoY Change 76.94% 103.49% -34.13%
Deferred Revenue $10.13M $7.035M $793.5K
YoY Change 182.37% 92.51% -77.8%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $27.46M $16.69M $7.241M
YoY Change 44.95% 109.45% -3.61%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.630M $3.478M $9.569M
YoY Change -63.94% -61.34% 11.27%
Total Long-Term Liabilities $3.630M $3.478M $9.569M
YoY Change -63.94% -61.34% 11.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.46M $16.69M $7.241M
Total Long-Term Liabilities $3.630M $3.478M $9.569M
Total Liabilities $31.09M $20.17M $16.81M
YoY Change 7.17% 18.9% 4.53%
SHAREHOLDERS EQUITY
Retained Earnings -$60.14M -$93.18M -$58.70M
YoY Change -49.55% -14.49% -42.75%
Common Stock $233.3M $232.9M $226.4M
YoY Change 3.33% 3.22% 0.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $173.1M $139.8M $167.7M
YoY Change
Total Liabilities & Shareholders Equity $204.2M $159.9M $184.5M
YoY Change 50.65% 19.64% 32.99%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $33.04M $2.037M -$361.0K
YoY Change -1161.25% 1103.94% -55.54%
Depreciation, Depletion And Amortization $130.2K $128.7K $100.0K
YoY Change 1.06% -4.54% -23.56%
Cash From Operating Activities -$4.781M -$2.208M $56.71M
YoY Change -393.58% 54.76% -1279.83%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.573M
YoY Change 0.67%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -36.52M -$6.585M
YoY Change -100.0% 453.08% 0.65%
NET CHANGE
Cash From Operating Activities -4.781M -2.208M $56.71M
Cash From Investing Activities 0.000 0.000 $0.00
Cash From Financing Activities 0.000 -36.52M -$6.585M
Net Change In Cash -4.781M -38.73M $50.12M
YoY Change -15.62% 381.45% -541.1%
FREE CASH FLOW
Cash From Operating Activities -$4.781M -$2.208M $56.71M
Capital Expenditures $0.00 $0.00 $0.00
Free Cash Flow -$4.781M -$2.208M $56.71M
YoY Change -393.58% 56.34% -1282.29%

Facts In Submission

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