2022 Q3 Form 10-Q Financial Statement

#000168937522000013 Filed on August 11, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $6.978M $7.334M $6.433M
YoY Change 81.2% 39.67%
% of Gross Profit
Research & Development $18.96M $16.25M $15.72M
YoY Change 80.33% 137.93% 152.58%
% of Gross Profit
Depreciation & Amortization $500.0K $500.0K $400.0K
YoY Change 66.67% 66.67% 100.0%
% of Gross Profit
Operating Expenses $25.94M $23.58M $22.15M
YoY Change 80.56% 137.96% 163.92%
Operating Profit -$25.94M -$23.58M -$22.15M
YoY Change 80.56% 137.96% 163.92%
Interest Expense $799.0K $403.0K $480.0K
YoY Change -1310.61% 1731.82%
% of Operating Profit
Other Income/Expense, Net $799.0K $403.0K $480.0K
YoY Change -1310.61% 4377.78% 3592.31%
Pretax Income -$25.14M -$23.18M -$21.67M
YoY Change 74.2% 26.79%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$25.14M -$23.18M -$21.67M
YoY Change 74.2% 134.11% 158.6%
Net Earnings / Revenue
Basic Earnings Per Share -$0.80 -$0.74 -$0.69
Diluted Earnings Per Share -$0.80 -$0.74 -$0.69
COMMON SHARES
Basic Shares Outstanding 31.37M shares 31.28M shares 31.25M shares
Diluted Shares Outstanding 31.30M shares 31.28M shares 31.25M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $215.6M $244.3M $263.9M
YoY Change 76.45% 78.36%
Cash & Equivalents $53.31M $90.87M $84.64M
Short-Term Investments $162.3M $153.4M $179.3M
Other Short-Term Assets $19.16M $9.649M $8.810M
YoY Change 1316.19% 1300.44%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $234.7M $253.9M $272.7M
YoY Change 90.03% 84.47%
LONG-TERM ASSETS
Property, Plant & Equipment $7.444M $7.785M $7.197M
YoY Change 26.15% 53.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $954.0K $875.0K $1.434M
YoY Change -67.87% 10.62%
Total Long-Term Assets $39.73M $42.01M $43.99M
YoY Change 347.91% 614.77%
TOTAL ASSETS
Total Short-Term Assets $234.7M $253.9M $272.7M
Total Long-Term Assets $39.73M $42.01M $43.99M
Total Assets $274.5M $295.9M $316.7M
YoY Change 107.31% 106.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.341M $4.622M $2.931M
YoY Change -41.13% 145.72%
Accrued Expenses $11.95M $5.341M $4.524M
YoY Change 144.9% 105.58%
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 $21.55M $18.08M $15.43M
YoY Change 201.08% 298.52%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $19.69M $21.80M $23.89M
YoY Change 5760.54% 4234.19%
Total Long-Term Liabilities $19.69M $21.80M $23.89M
YoY Change 5760.54% 4234.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.55M $18.08M $15.43M
Total Long-Term Liabilities $19.69M $21.80M $23.89M
Total Liabilities $41.24M $39.88M $39.31M
YoY Change 450.13% 691.39%
SHAREHOLDERS EQUITY
Retained Earnings -$163.7M -$138.5M -$115.3M
YoY Change 117.69%
Common Stock $3.000K $3.000K $3.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $233.2M $256.0M $277.4M
YoY Change
Total Liabilities & Shareholders Equity $274.5M $295.9M $316.7M
YoY Change 107.31% 106.19%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$25.14M -$23.18M -$21.67M
YoY Change 74.2% 134.11% 158.6%
Depreciation, Depletion And Amortization $500.0K $500.0K $400.0K
YoY Change 66.67% 66.67% 100.0%
Cash From Operating Activities -$27.48M -$18.01M -$20.99M
YoY Change 95.25% 10.85% 151.81%
INVESTING ACTIVITIES
Capital Expenditures -$810.0K -$775.0K $594.0K
YoY Change 0.5% -68.39% -34.58%
Acquisitions
YoY Change
Other Investing Activities -$9.324M $25.00M -$180.9M
YoY Change
Cash From Investing Activities -$10.13M $24.22M -$181.5M
YoY Change 1157.32% -1087.97% 19892.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 60.00K 11.00K $50.00K
YoY Change -43.4% -99.99% -99.96%
NET CHANGE
Cash From Operating Activities -27.48M -18.01M -$20.99M
Cash From Investing Activities -10.13M 24.22M -$181.5M
Cash From Financing Activities 60.00K 11.00K $50.00K
Net Change In Cash -37.56M 6.227M -$202.5M
YoY Change 154.19% -93.64% -288.98%
FREE CASH FLOW
Cash From Operating Activities -$27.48M -$18.01M -$20.99M
Capital Expenditures -$810.0K -$775.0K $594.0K
Free Cash Flow -$26.67M -$17.23M -$21.59M
YoY Change 101.01% 24.94% 133.5%

Facts In Submission

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10.38
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46522 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
6.79
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4185000 usd
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0 usd
CY2022Q2 us-gaap Security Deposit
SecurityDeposit
800000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
9219000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
9494000 usd
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2295000 usd
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CY2022Q2 trda Lessee Operating Lease Liability To Be Paid Due After Year Three
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
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CY2022Q2 us-gaap Operating Lease Liability
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CY2022Q1 trda Operating Leases Rental Expenses Annual Increase
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CY2022Q1 trda Tenant Improvements Allowance
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19500000 usd
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CY2022Q1 trda Operating Leases Additional Allowance
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1600000 usd
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20.00
CY2022Q1 trda Interest Rate For Additional Improvements Allowance
InterestRateForAdditionalImprovementsAllowance
0.08
CY2022Q2 trda Operating Lease Related Expenses Prior To Commencement
OperatingLeaseRelatedExpensesPriorToCommencement
3200000 usd
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-0.74
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-18281000 usd
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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31275306 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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1309535 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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31261189 shares
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31261189 shares
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-1.43
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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4912619 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
21562599 shares

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