2023 Q2 Form 10-Q Financial Statement

#000162828023017236 Filed on May 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $117.5M $86.28M $75.42M
YoY Change 13.47% 14.4% 58.63%
Cost Of Revenue $49.60M $32.17M $23.48M
YoY Change 55.58% 37.04% 48.58%
Gross Profit $67.88M $54.10M $51.94M
YoY Change -5.27% 4.17% 63.63%
Gross Profit Margin 57.78% 62.71% 68.87%
Selling, General & Admin $78.14M $69.08M $62.67M
YoY Change 11.97% 10.23% 124.57%
% of Gross Profit 115.12% 127.68% 120.66%
Research & Development $2.881M $2.336M $2.230M
YoY Change 10.77% 4.75% 53.58%
% of Gross Profit 4.24% 4.32% 4.29%
Depreciation & Amortization $9.901M $1.834M $1.416M
YoY Change 115.71% 29.52% 105.22%
% of Gross Profit 14.59% 3.39% 2.73%
Operating Expenses $81.02M $71.41M $64.90M
YoY Change 7.93% 10.04% 121.06%
Operating Profit -$13.15M -$17.31M -$12.96M
YoY Change 285.17% 33.55% -644.12%
Interest Expense $2.685M $3.417M -$3.400M
YoY Change -149.51% -200.5% -40.34%
% of Operating Profit
Other Income/Expense, Net $11.63M $418.0K $48.08M
YoY Change -30.94% -99.13% -906.49%
Pretax Income $1.171M -$25.95M $35.12M
YoY Change -85.38% -173.88% -1081.06%
Income Tax -$2.193M -$3.700M $2.600M
% Of Pretax Income -187.28% 7.4%
Net Earnings $3.364M -$22.29M $32.51M
YoY Change -57.58% -168.55% -1092.88%
Net Earnings / Revenue 2.86% -25.83% 43.1%
Basic Earnings Per Share $0.03 -$0.17 $0.22
Diluted Earnings Per Share $0.03 -$0.17 -$0.13
COMMON SHARES
Basic Shares Outstanding 132.7M shares 132.5M shares 150.6M shares
Diluted Shares Outstanding 132.7M shares 132.4M shares 152.7M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $549.7M $532.3M $859.2M
YoY Change -33.04% -38.05% 31109.23%
Cash & Equivalents $549.7M $532.3M $859.2M
Short-Term Investments
Other Short-Term Assets $30.94M $21.70M $13.55M
YoY Change 52.14% 60.1% 2175.73%
Inventory $107.0M $122.1M $47.03M
Prepaid Expenses
Receivables $74.63M $70.80M $60.77M
Other Receivables $5.642M $1.600M $1.801M
Total Short-Term Assets $767.9M $748.5M $982.4M
YoY Change -22.88% -23.81% 29236.2%
LONG-TERM ASSETS
Property, Plant & Equipment $31.75M $34.00M $32.11M
YoY Change -6.16% 5.89%
Goodwill $125.4M $125.2M $123.8M
YoY Change 1.13% 25.61%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $16.86M $15.63M $8.026M
YoY Change 66.39% 94.74%
Total Long-Term Assets $239.5M $246.4M $216.8M
YoY Change 9.27% 13.67% -52.89%
TOTAL ASSETS
Total Short-Term Assets $767.9M $748.5M $982.4M
Total Long-Term Assets $239.5M $246.4M $216.8M
Total Assets $1.007B $995.0M $1.199B
YoY Change -17.08% -17.03% 158.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.38M $34.33M $26.96M
YoY Change -20.23% 27.33%
Accrued Expenses $50.20M $13.15M $12.42M
YoY Change 5.2% 5.88% 1449.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $82.79M $72.33M $68.93M
YoY Change -4.9% 4.93% 8373.57%
LONG-TERM LIABILITIES
Long-Term Debt $736.3M $735.2M $731.0M
YoY Change 0.58% 0.58%
Other Long-Term Liabilities $24.57M $36.90M $11.00K
YoY Change -38.1% 335354.55% -99.98%
Total Long-Term Liabilities $760.8M $772.1M $11.00K
YoY Change -1.41% 7018990.91% -99.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $82.79M $72.33M $68.93M
Total Long-Term Liabilities $760.8M $772.1M $11.00K
Total Liabilities $845.6M $847.3M $857.5M
YoY Change -1.97% -1.19% 1153.49%
SHAREHOLDERS EQUITY
Retained Earnings -$395.6M -$403.8M -$386.2M
YoY Change 4.54% 467.81%
Common Stock $14.00K $14.00K $16.00K
YoY Change -12.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $161.8M $147.7M $341.7M
YoY Change
Total Liabilities & Shareholders Equity $1.007B $995.0M $1.199B
YoY Change -17.08% -17.03% 158.7%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $3.364M -$22.29M $32.51M
YoY Change -57.58% -168.55% -1092.88%
Depreciation, Depletion And Amortization $9.901M $1.834M $1.416M
YoY Change 115.71% 29.52% 105.22%
Cash From Operating Activities $21.97M -$13.01M -$38.47M
YoY Change -170.1% -66.18% -3150.83%
INVESTING ACTIVITIES
Capital Expenditures $3.219M $2.319M $3.149M
YoY Change -194.57% -26.36% 284.96%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$16.92M
YoY Change -100.0%
Cash From Investing Activities -$3.219M -$21.68M -$3.425M
YoY Change -34.02% 533.11% 246.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.546M -$2.195M -$783.0K
YoY Change -21.92% 180.33% -117.89%
NET CHANGE
Cash From Operating Activities 21.97M -$13.01M -$38.47M
Cash From Investing Activities -3.219M -$21.68M -$3.425M
Cash From Financing Activities -1.546M -$2.195M -$783.0K
Net Change In Cash 17.20M -$36.89M -$42.68M
YoY Change -145.04% -13.57% -1017.83%
FREE CASH FLOW
Cash From Operating Activities $21.97M -$13.01M -$38.47M
Capital Expenditures $3.219M $2.319M $3.149M
Free Cash Flow $18.75M -$15.33M -$41.62M
YoY Change -167.12% -63.17% -9495.03%

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