2024 Q3 Form 10-Q Financial Statement

#000095017024096130 Filed on August 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $27.33M $19.46M
YoY Change 63.62% -1.6%
% of Gross Profit
Depreciation & Amortization $405.0K $1.235M
YoY Change -31.12% 75.68%
% of Gross Profit
Operating Expenses $35.18M $27.79M
YoY Change 52.21% 3.52%
Operating Profit -$35.18M -$27.79M
YoY Change 52.21% 3.52%
Interest Expense $88.00K
YoY Change -95.48%
% of Operating Profit
Other Income/Expense, Net $2.457M $2.716M
YoY Change 15.14% 22.67%
Pretax Income
YoY Change
Income Tax $0.00
% Of Pretax Income
Net Earnings -$32.73M -$25.07M
YoY Change 55.98% 1.8%
Net Earnings / Revenue
Basic Earnings Per Share -$0.79 -$0.61
Diluted Earnings Per Share -$0.79 -$0.61
COMMON SHARES
Basic Shares Outstanding 38.60M 38.38M
Diluted Shares Outstanding 41.44M 40.93M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $171.1M $190.3M
YoY Change 19.76% 18.77%
Cash & Equivalents $64.39M $95.85M
Short-Term Investments $106.7M $94.41M
Other Short-Term Assets $8.377M $7.344M
YoY Change 52.31% 0.84%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $179.5M $197.6M
YoY Change 21.0% 17.99%
LONG-TERM ASSETS
Property, Plant & Equipment $5.067M $5.438M
YoY Change -28.08% -26.42%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $475.0K $515.0K
YoY Change 50.79% 184.53%
Total Long-Term Assets $32.33M $33.37M
YoY Change -11.13% -10.4%
TOTAL ASSETS
Total Short-Term Assets $179.5M $197.6M
Total Long-Term Assets $32.33M $33.37M
Total Assets $211.8M $231.0M
YoY Change 14.67% 12.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.458M $2.521M
YoY Change 82.19% -15.06%
Accrued Expenses $13.23M $9.918M
YoY Change 15.36% -5.62%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.051M $525.0K
YoY Change 162.75% 25.3%
Total Short-Term Liabilities $22.85M $14.69M
YoY Change 44.5% -7.42%
LONG-TERM LIABILITIES
Long-Term Debt $307.0K $953.0K
YoY Change -78.07% -35.7%
Other Long-Term Liabilities $21.64M $22.10M
YoY Change -6.71% -6.56%
Total Long-Term Liabilities $21.95M $23.05M
YoY Change -10.77% -8.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.85M $14.69M
Total Long-Term Liabilities $21.95M $23.05M
Total Liabilities $44.80M $37.74M
YoY Change 10.99% -7.95%
SHAREHOLDERS EQUITY
Retained Earnings -$740.9M -$708.1M
YoY Change 16.05% 14.68%
Common Stock $907.8M $901.4M
YoY Change 15.97% 15.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $167.0M $193.2M
YoY Change
Total Liabilities & Shareholders Equity $211.8M $231.0M
YoY Change 14.67% 12.83%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$32.73M -$25.07M
YoY Change 55.98% 1.8%
Depreciation, Depletion And Amortization $405.0K $1.235M
YoY Change -31.12% 75.68%
Cash From Operating Activities -$23.71M -$21.47M
YoY Change 32.45% -21.84%
INVESTING ACTIVITIES
Capital Expenditures $15.00K $286.0K
YoY Change -96.15% -46.64%
Acquisitions
YoY Change
Other Investing Activities -$10.97M -$4.890M
YoY Change -54.75% -89.75%
Cash From Investing Activities -$10.99M -$5.176M
YoY Change -55.41% -89.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.256M 5.000M
YoY Change 91.06%
NET CHANGE
Cash From Operating Activities -23.71M -21.47M
Cash From Investing Activities -10.99M -5.176M
Cash From Financing Activities 3.256M 5.000M
Net Change In Cash -31.44M -21.64M
YoY Change -26.1% -70.38%
FREE CASH FLOW
Cash From Operating Activities -$23.71M -$21.47M
Capital Expenditures $15.00K $286.0K
Free Cash Flow -$23.72M -$21.75M
YoY Change 29.7% -22.31%

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