2022 Q4 Form 20-F Financial Statement

#000141057823000811 Filed on April 27, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $27.30M $26.62M $73.40M
YoY Change -62.81% -93.76% -38.17%
Cost Of Revenue $15.10M $13.64M $39.25M
YoY Change -61.53% -94.65% -44.59%
Gross Profit $12.20M $12.99M $34.15M
YoY Change -64.28% -92.43% -28.65%
Gross Profit Margin 44.69% 48.77% 46.53%
Selling, General & Admin $56.00M $30.82M $75.12M
YoY Change -25.46% -90.5% -92.16%
% of Gross Profit 459.02% 237.33% 219.96%
Research & Development $10.90M $7.365M $13.49M
YoY Change -19.22% -86.52% 5.15%
% of Gross Profit 89.34% 56.72% 39.51%
Depreciation & Amortization $2.227M
YoY Change -94.86%
% of Gross Profit 17.15%
Operating Expenses $32.50M $43.46M $78.05M
YoY Change -58.36% -87.69% -91.87%
Operating Profit -$20.30M -$30.48M -$43.89M
YoY Change -53.75% -83.21% -95.19%
Interest Expense $9.000M $712.0K $8.810M
YoY Change 2.16% -98.56% -170.32%
% of Operating Profit
Other Income/Expense, Net $2.400M $890.0K $459.0K
YoY Change 422.88% -69.26% -150.22%
Pretax Income -$8.900M -$29.58M -$34.63M
YoY Change -74.3% -77.08% -96.26%
Income Tax $200.0K -$106.0K $1.450M
% Of Pretax Income
Net Earnings -$4.400M -$28.04M -$33.90M
YoY Change -87.02% -76.93% -96.24%
Net Earnings / Revenue -16.12% -105.31% -46.18%
Basic Earnings Per Share -$0.08
Diluted Earnings Per Share -$0.01 -$0.08 -$91.38K
COMMON SHARES
Basic Shares Outstanding 371.2M
Diluted Shares Outstanding 371.2M

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $878.0M $878.2M $965.0M
YoY Change -9.01% -8.99% -38.43%
Cash & Equivalents $22.30M $153.8M $349.1M
Short-Term Investments $724.0M $724.4M $615.9M
Other Short-Term Assets $3.011M $110.4M $383.6M
YoY Change -99.21% -21.25% -10.65%
Inventory
Prepaid Expenses
Receivables $4.878M $33.60M $111.9M
Other Receivables $1.000M $177.7M $14.97M
Total Short-Term Assets $174.0M $1.200B $1.475B
YoY Change -88.21% -18.67% -35.42%
LONG-TERM ASSETS
Property, Plant & Equipment $12.35M $118.4M $146.3M
YoY Change -91.56% -19.06% -5.01%
Goodwill $16.62M $232.0M
YoY Change -92.83% 0.0%
Intangibles $4.447M $55.38M
YoY Change -91.97%
Long-Term Investments $7.882M $230.6M $201.9M
YoY Change -96.1% 14.19% -24.33%
Other Assets $13.21M $91.10M $92.11M
YoY Change -85.66% -1.1% 1.02%
Total Long-Term Assets $98.29M $677.9M $822.4M
YoY Change -88.05% -17.57% -9.84%
TOTAL ASSETS
Total Short-Term Assets $174.0M $1.200B $1.475B
Total Long-Term Assets $98.29M $677.9M $822.4M
Total Assets $272.3M $1.878B $2.298B
YoY Change -88.15% -18.27% -28.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $37.97M $261.9M $383.6M
YoY Change -90.1% -31.73% -45.65%
Accrued Expenses $397.0M $96.90M $432.9M
YoY Change -8.3% -15.98% -41.67%
Deferred Revenue $14.34M $139.8M
YoY Change -89.74%
Short-Term Debt $1.090M $7.500M $9.981M
YoY Change -89.08% -24.86% -83.55%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $112.3M $774.3M $979.0M
YoY Change -88.53% -20.91% -43.88%
LONG-TERM LIABILITIES
Long-Term Debt $1.734M $12.00M $14.34M
YoY Change -87.91% -16.34% -36.47%
Other Long-Term Liabilities $26.00M $26.50M $38.83M
YoY Change -33.04% -31.76% 3.77%
Total Long-Term Liabilities $6.566M $38.50M $53.18M
YoY Change -87.65% -27.6% -11.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $112.3M $774.3M $979.0M
Total Long-Term Liabilities $6.566M $38.50M $53.18M
Total Liabilities $118.8M $769.9M $1.029B
YoY Change -88.45% -25.16% -43.23%
SHAREHOLDERS EQUITY
Retained Earnings -$8.028B -$7.835B
YoY Change 2.47%
Common Stock $1.323B $9.126B
YoY Change -85.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $160.6M $1.108B $1.269B
YoY Change
Total Liabilities & Shareholders Equity $272.3M $1.878B $2.298B
YoY Change -88.15% -18.27% -28.12%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income -$4.400M -$28.04M -$33.90M
YoY Change -87.02% -76.93% -96.24%
Depreciation, Depletion And Amortization $2.227M
YoY Change -94.86%
Cash From Operating Activities -$143.0M
YoY Change -36.83%
INVESTING ACTIVITIES
Capital Expenditures $6.500M
YoY Change -144.09%
Acquisitions
YoY Change
Other Investing Activities -$45.40M
YoY Change -106.32%
Cash From Investing Activities -$7.514M
YoY Change -101.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -70.00K
YoY Change -99.98%
NET CHANGE
Cash From Operating Activities -143.0M
Cash From Investing Activities -7.514M
Cash From Financing Activities -70.00K
Net Change In Cash -28.67M
YoY Change -121.57%
FREE CASH FLOW
Cash From Operating Activities -$143.0M
Capital Expenditures $6.500M
Free Cash Flow -$149.5M
YoY Change -29.35%

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CY2022Q4 tour Initial Cost Of Equity Investments Without Readily Determinable Fair Values
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