2023 Q2 Form 10-Q Financial Statement

#000119312523140710 Filed on May 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $22.68M $22.15M $33.01M
YoY Change 11.74% -32.9% -8.04%
Cost Of Revenue $31.23M $28.39M $15.54M
YoY Change 51.32% 82.65% -13.21%
Gross Profit $25.10M $25.16M $17.46M
YoY Change 13.39% 44.06% -2.88%
Gross Profit Margin 110.71% 113.59% 52.91%
Selling, General & Admin $2.428M $3.009M $3.984M
YoY Change 31.6% -24.47% 58.1%
% of Gross Profit 9.67% 11.96% 22.82%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.428M $3.009M $3.984M
YoY Change 31.6% -24.47% 58.73%
Operating Profit $22.68M $22.15M $13.48M
YoY Change 11.74% 64.32% -12.88%
Interest Expense -$3.681M -$15.32M -$12.02M
YoY Change -89.76% 27.53% -298.92%
% of Operating Profit -16.23% -69.19% -89.15%
Other Income/Expense, Net
YoY Change
Pretax Income $19.00M $6.824M $1.463M
YoY Change -221.4% 366.44% -93.2%
Income Tax
% Of Pretax Income
Net Earnings $19.00M $6.824M $1.463M
YoY Change -221.4% 366.44% -93.2%
Net Earnings / Revenue 83.77% 30.81% 4.43%
Basic Earnings Per Share $0.35 $0.13 $0.04
Diluted Earnings Per Share $0.35 $0.13 $34.62K
COMMON SHARES
Basic Shares Outstanding 54.55M 54.55M 42.26M
Diluted Shares Outstanding 54.55M 54.55M 42.26M

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $347.6M $444.4M $588.9M
YoY Change -7.96% -24.53% 64.59%
Cash & Equivalents $347.6M $444.4M $579.8M
Short-Term Investments
Other Short-Term Assets $882.0K $855.0K $927.0K
YoY Change -4.85% -7.77% 15.88%
Inventory
Prepaid Expenses
Receivables $23.29M $22.45M $16.98M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $371.8M $467.7M $606.8M
YoY Change -6.76% -22.92% 61.43%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.181B $2.088B $1.626B
YoY Change 9.42% 28.4% 3.29%
Other Assets
YoY Change
Total Long-Term Assets $2.181B $2.088B $1.626B
YoY Change 9.42% 28.4% 3.3%
TOTAL ASSETS
Total Short-Term Assets $371.8M $467.7M $606.8M
Total Long-Term Assets $2.181B $2.088B $1.626B
Total Assets $2.553B $2.556B $2.233B
YoY Change 6.72% 14.46% 14.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $343.2M $433.7M $587.6M
YoY Change -3.8% -26.2% 64.23%
Accrued Expenses $6.937M $6.527M $8.062M
YoY Change -2.43% -19.04% 20.33%
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 $355.7M $453.1M $595.7M
YoY Change -5.09% -23.94% 54.44%
LONG-TERM LIABILITIES
Long-Term Debt $1.213B $1.116B $808.9M
YoY Change 21.54% 37.91% 14.6%
Other Long-Term Liabilities $3.698M $3.442M $2.341M
YoY Change -17.14% 47.03% -9.96%
Total Long-Term Liabilities $1.217B $1.119B $811.2M
YoY Change 21.36% 37.94% 14.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $355.7M $453.1M $595.7M
Total Long-Term Liabilities $1.217B $1.119B $811.2M
Total Liabilities $1.572B $1.572B $1.407B
YoY Change 14.17% 11.74% 28.57%
SHAREHOLDERS EQUITY
Retained Earnings -$182.3M
YoY Change
Common Stock $1.163B $1.163B
YoY Change -0.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $980.8M $984.2M $826.4M
YoY Change
Total Liabilities & Shareholders Equity $2.553B $2.556B $2.233B
YoY Change 6.72% 14.46% 14.5%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $19.00M $6.824M $1.463M
YoY Change -221.4% 366.44% -93.2%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$164.0M $9.503M $304.2M
YoY Change -27.14% -96.88% -732.49%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 67.18M 6.598M -38.26M
YoY Change 384.89% -117.24% -323.75%
NET CHANGE
Cash From Operating Activities -164.0M 9.503M 304.2M
Cash From Investing Activities
Cash From Financing Activities 67.18M 6.598M -38.26M
Net Change In Cash -96.81M 16.10M 266.0M
YoY Change -54.16% -93.95% -957.96%
FREE CASH FLOW
Cash From Operating Activities -$164.0M $9.503M $304.2M
Capital Expenditures
Free Cash Flow
YoY Change

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slrc-20230331.xsd Edgar Link pending
slrc-20230331_cal.xml Edgar Link unprocessable
slrc-20230331_def.xml Edgar Link unprocessable
slrc-20230331_lab.xml Edgar Link unprocessable
slrc-20230331_pre.xml Edgar Link unprocessable