2022 Q4 Form 10-Q Financial Statement

#000143774922025799 Filed on November 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $11.36M $72.21M
YoY Change -90.15% 1390.07%
Cost Of Revenue $881.4K $3.949M
YoY Change -94.23% 4642.03%
Gross Profit $10.48M $68.26M
YoY Change -89.53% 1333.21%
Gross Profit Margin 92.24% 94.53%
Selling, General & Admin $5.876M $19.66M
YoY Change 56.87% 356.52%
% of Gross Profit 56.08% 28.8%
Research & Development $6.406M $5.733M
YoY Change 199.29% 77.21%
% of Gross Profit 61.14% 8.4%
Depreciation & Amortization $131.2K $130.2K
YoY Change 1.94% 1.06%
% of Gross Profit 1.25% 0.19%
Operating Expenses $12.28M $25.39M
YoY Change 102.65% 236.69%
Operating Profit -$1.805M $42.87M
YoY Change -101.92% -1556.34%
Interest Expense $0.00 $0.00
YoY Change -100.0%
% of Operating Profit 0.0%
Other Income/Expense, Net $677.2K $259.0K
YoY Change 2595.98% 886.5%
Pretax Income -$1.127M $43.13M
YoY Change -101.2% -1182.59%
Income Tax -$315.7K $10.10M
% Of Pretax Income 23.42%
Net Earnings -$811.8K $33.04M
YoY Change -101.11% -1161.25%
Net Earnings / Revenue -7.15% 45.76%
Basic Earnings Per Share $0.45
Diluted Earnings Per Share -$0.01 $0.45
COMMON SHARES
Basic Shares Outstanding 73.02M 73.02M
Diluted Shares Outstanding 73.26M

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $98.79M $109.7M
YoY Change -4.22% 18.24%
Cash & Equivalents $98.79M $109.7M
Short-Term Investments
Other Short-Term Assets $2.316M $964.1K
YoY Change -5.62% -63.24%
Inventory $39.27M $31.26M
Prepaid Expenses
Receivables $45.41M $54.93M
Other Receivables $0.00 $0.00
Total Short-Term Assets $185.8M $196.9M
YoY Change -11.0% 52.71%
LONG-TERM ASSETS
Property, Plant & Equipment $1.848M $1.980M
YoY Change -21.88% -19.81%
Goodwill $898.3K $898.3K
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $252.5K $261.8K
YoY Change -11.88% -14.64%
Total Long-Term Assets $9.250M $7.324M
YoY Change 54.84% 10.53%
TOTAL ASSETS
Total Short-Term Assets $185.8M $196.9M
Total Long-Term Assets $9.250M $7.324M
Total Assets $195.0M $204.2M
YoY Change -9.17% 50.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.355M $2.445M
YoY Change 65.45% -75.46%
Accrued Expenses $16.85M $15.89M
YoY Change 82.14% 76.94%
Deferred Revenue $10.58M $10.13M
YoY Change 181.06% 182.37%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $21.52M $27.46M
YoY Change -29.42% 44.95%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.358M $3.630M
YoY Change -66.16% -63.94%
Total Long-Term Liabilities $3.358M $3.630M
YoY Change -66.16% -63.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.52M $27.46M
Total Long-Term Liabilities $3.358M $3.630M
Total Liabilities $24.88M $31.09M
YoY Change -38.44% 7.17%
SHAREHOLDERS EQUITY
Retained Earnings -$63.80M -$60.14M
YoY Change 23.26% -49.55%
Common Stock $234.0M $233.3M
YoY Change 3.49% 3.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $170.2M $173.1M
YoY Change
Total Liabilities & Shareholders Equity $195.0M $204.2M
YoY Change -9.17% 50.65%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$811.8K $33.04M
YoY Change -101.11% -1161.25%
Depreciation, Depletion And Amortization $131.2K $130.2K
YoY Change 1.94% 1.06%
Cash From Operating Activities -$8.106M -$4.781M
YoY Change -150.34% -393.58%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.853M 0.000
YoY Change -50.45% -100.0%
NET CHANGE
Cash From Operating Activities -8.106M -4.781M
Cash From Investing Activities 0.000 0.000
Cash From Financing Activities -2.853M 0.000
Net Change In Cash -10.96M -4.781M
YoY Change -206.2% -15.62%
FREE CASH FLOW
Cash From Operating Activities -$8.106M -$4.781M
Capital Expenditures $0.00 $0.00
Free Cash Flow -$8.106M -$4.781M
YoY Change -150.26% -393.58%

Facts In Submission

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CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2022Q3 us-gaap Income Loss Attributable To Parent
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CY2022Q3 us-gaap Income Tax Expense Benefit
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CY2021Q3 us-gaap Income Tax Expense Benefit
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us-gaap Income Loss Attributable To Parent
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CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
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