2023 Q3 Form 10-Q Financial Statement

#000162828023028569 Filed on August 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $97.41M $117.5M $103.5M
YoY Change 9.71% 13.47% 55.67%
Cost Of Revenue $110.0M $49.60M $31.88M
YoY Change 304.03% 55.58% 65.56%
Gross Profit -$12.55M $67.88M $71.65M
YoY Change -120.39% -5.27% 51.65%
Gross Profit Margin -12.89% 57.78% 69.21%
Selling, General & Admin $67.71M $78.14M $69.79M
YoY Change 6.55% 11.97% -1.17%
% of Gross Profit 115.12% 97.4%
Research & Development $1.839M $2.881M $2.601M
YoY Change -15.14% 10.77% -12.95%
% of Gross Profit 4.24% 3.63%
Depreciation & Amortization $7.350M $9.901M $4.590M
YoY Change 267.32% 115.71% 555.71%
% of Gross Profit 14.59% 6.41%
Operating Expenses $69.55M $81.02M $75.07M
YoY Change 5.83% 7.93% 1.99%
Operating Profit -$82.10M -$13.15M -$3.413M
YoY Change 1882.64% 285.17% -87.05%
Interest Expense $3.445M $2.685M -$5.423M
YoY Change -201.92% -149.51% 163.25%
% of Operating Profit
Other Income/Expense, Net $4.872M $11.63M $16.84M
YoY Change 41.18% -30.94% -114.66%
Pretax Income -$70.34M $1.171M $8.007M
YoY Change 10094.06% -85.38% -105.67%
Income Tax $3.500M -$2.193M $76.00K
% Of Pretax Income -187.28% 0.95%
Net Earnings -$73.82M $3.364M $7.931M
YoY Change -56449.62% -57.58% -105.69%
Net Earnings / Revenue -75.78% 2.86% 7.66%
Basic Earnings Per Share -$0.56 $0.03 $0.04
Diluted Earnings Per Share -$0.56 $0.03 $52.27K
COMMON SHARES
Basic Shares Outstanding 132.9M shares 132.7M shares 150.6M shares
Diluted Shares Outstanding 132.9M shares 132.7M shares 151.7M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $559.4M $549.7M $821.0M
YoY Change -18.24% -33.04% 709.1%
Cash & Equivalents $559.4M $549.7M $821.0M
Short-Term Investments
Other Short-Term Assets $35.90M $30.94M $20.34M
YoY Change 64.45% 52.14% 323.31%
Inventory $74.88M $107.0M $73.53M
Prepaid Expenses
Receivables $66.81M $74.63M $79.92M
Other Receivables $1.000M $5.642M $1.008M
Total Short-Term Assets $738.0M $767.9M $995.8M
YoY Change -17.3% -22.88% 470.83%
LONG-TERM ASSETS
Property, Plant & Equipment $29.40M $31.75M $33.83M
YoY Change -9.23% -6.16% 234.54%
Goodwill $124.7M $125.4M
YoY Change 1.57%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.54M $16.86M $10.14M
YoY Change 50.41% 66.39% 307.19%
Total Long-Term Assets $235.1M $239.5M $219.2M
YoY Change 10.69% 9.27% 30.42%
TOTAL ASSETS
Total Short-Term Assets $738.0M $767.9M $995.8M
Total Long-Term Assets $235.1M $239.5M $219.2M
Total Assets $973.1M $1.007B $1.215B
YoY Change -11.92% -17.08% 254.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.88M $29.38M $36.83M
YoY Change 10.15% -20.23% 112.55%
Accrued Expenses $30.49M $50.20M $47.72M
YoY Change 78.2% 5.2% 122.98%
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 $125.9M $82.79M $87.06M
YoY Change 64.68% -4.9% 120.44%
LONG-TERM LIABILITIES
Long-Term Debt $737.3M $736.3M $732.0M
YoY Change 0.57% 0.58%
Other Long-Term Liabilities $410.0K $24.57M $39.70M
YoY Change -98.78% -38.1% 2146.46%
Total Long-Term Liabilities $410.0K $760.8M $771.7M
YoY Change -99.95% -1.41% 43574.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $125.9M $82.79M $87.06M
Total Long-Term Liabilities $410.0K $760.8M $771.7M
Total Liabilities $883.1M $845.6M $862.6M
YoY Change 4.28% -1.97% 164.25%
SHAREHOLDERS EQUITY
Retained Earnings -$469.5M -$395.6M
YoY Change 24.15%
Common Stock $14.00K $14.00K
YoY Change -6.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $89.96M $161.8M $352.3M
YoY Change
Total Liabilities & Shareholders Equity $973.1M $1.007B $1.215B
YoY Change -11.92% -17.08% 254.72%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income -$73.82M $3.364M $7.931M
YoY Change -56449.62% -57.58% -105.69%
Depreciation, Depletion And Amortization $7.350M $9.901M $4.590M
YoY Change 267.32% 115.71% 555.71%
Cash From Operating Activities $17.96M $21.97M -$31.34M
YoY Change -157.2% -170.1% -0.29%
INVESTING ACTIVITIES
Capital Expenditures $2.890M $3.219M -$3.404M
YoY Change -137.33% -194.57% -31.65%
Acquisitions
YoY Change
Other Investing Activities -$1.540M $0.00 -$1.475M
YoY Change -100.0% -64.36%
Cash From Investing Activities -$4.440M -$3.219M -$4.879M
YoY Change -42.64% -34.02% -46.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.350M -1.546M -1.980M
YoY Change -97.65% -21.92% -101.49%
NET CHANGE
Cash From Operating Activities 17.96M 21.97M -31.34M
Cash From Investing Activities -4.440M -3.219M -4.879M
Cash From Financing Activities -2.350M -1.546M -1.980M
Net Change In Cash 11.17M 17.20M -38.19M
YoY Change -108.03% -145.04% -141.29%
FREE CASH FLOW
Cash From Operating Activities $17.96M $21.97M -$31.34M
Capital Expenditures $2.890M $3.219M -$3.404M
Free Cash Flow $15.07M $18.75M -$27.93M
YoY Change -163.69% -167.12% 5.61%

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CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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CY2022Q4 us-gaap Stockholders Equity
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CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022Q2 us-gaap Net Income Loss
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