2023 Q3 Form 10-Q Financial Statement

#000162828023027803 Filed on August 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $66.95M $63.74M
YoY Change 16.83% 13.59%
Cost Of Revenue $42.42M $41.85M
YoY Change 34.3% 35.1%
Gross Profit $24.52M $21.90M
YoY Change -4.67% -12.9%
Gross Profit Margin 36.62% 34.35%
Selling, General & Admin $47.39M $46.06M
YoY Change -12.5% -14.22%
% of Gross Profit 193.27% 210.35%
Research & Development $23.75M $24.53M
YoY Change -19.78% -33.42%
% of Gross Profit 96.86% 112.03%
Depreciation & Amortization $8.500M $8.490M
YoY Change 71.65% 91.04%
% of Gross Profit 34.67% 38.78%
Operating Expenses $71.14M $70.59M
YoY Change -15.07% -22.03%
Operating Profit -$46.62M -$48.69M
YoY Change -19.68% -20.39%
Interest Expense $3.890M $3.967M
YoY Change 104.52%
% of Operating Profit
Other Income/Expense, Net -$250.0K $41.00K
YoY Change -45.77% -118.22%
Pretax Income -$46.47M -$56.77M
YoY Change -8.57% -6.42%
Income Tax -$220.0K $622.0K
% Of Pretax Income
Net Earnings -$46.24M -$57.40M
YoY Change -9.54% -5.16%
Net Earnings / Revenue -69.07% -90.05%
Basic Earnings Per Share -$1.01
Diluted Earnings Per Share -$0.81 -$1.01
COMMON SHARES
Basic Shares Outstanding 57.40M shares 57.15M shares
Diluted Shares Outstanding 57.04M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $336.4M $357.1M
YoY Change -33.38% -32.31%
Cash & Equivalents $286.5M $307.5M
Short-Term Investments $49.90M $49.69M
Other Short-Term Assets $11.70M $9.458M
YoY Change -1.8% -23.16%
Inventory $32.06M $36.35M
Prepaid Expenses
Receivables $44.06M $37.01M
Other Receivables $0.00 $5.569M
Total Short-Term Assets $424.3M $445.5M
YoY Change -28.87% -28.61%
LONG-TERM ASSETS
Property, Plant & Equipment $131.8M $212.8M
YoY Change -38.51% 67.55%
Goodwill $85.81M $85.81M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.681M $10.40M
YoY Change -96.23% 168.67%
Total Long-Term Assets $352.1M $364.8M
YoY Change -3.49% 2.6%
TOTAL ASSETS
Total Short-Term Assets $424.3M $445.5M
Total Long-Term Assets $352.1M $364.8M
Total Assets $776.4M $810.3M
YoY Change -19.24% -17.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.05M $12.18M
YoY Change -30.06% -42.02%
Accrued Expenses $10.75M $50.73M
YoY Change -78.84% 434.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $73.32M $72.82M
YoY Change -19.13% -21.43%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $475.0K $79.96M
YoY Change -99.42% 3789.11%
Total Long-Term Liabilities $475.0K $79.96M
YoY Change -99.42% 3789.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $73.32M $72.82M
Total Long-Term Liabilities $475.0K $79.96M
Total Liabilities $153.0M $152.8M
YoY Change -11.06% -3.9%
SHAREHOLDERS EQUITY
Retained Earnings -$1.033B -$986.8M
YoY Change 24.7% 26.95%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $623.4M $657.6M
YoY Change
Total Liabilities & Shareholders Equity $776.4M $810.3M
YoY Change -19.24% -17.28%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$46.24M -$57.40M
YoY Change -9.54% -5.16%
Depreciation, Depletion And Amortization $8.500M $8.490M
YoY Change 71.65% 91.04%
Cash From Operating Activities -$20.70M -$23.41M
YoY Change 1533.78% -31.39%
INVESTING ACTIVITIES
Capital Expenditures $2.390M $4.509M
YoY Change -114.52% -111.09%
Acquisitions
YoY Change
Other Investing Activities $140.0K $23.18M
YoY Change -99.27% -48.27%
Cash From Investing Activities -$2.250M $18.67M
YoY Change -180.85% 348.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 440.0K -661.0K
YoY Change -64.52% -49.58%
NET CHANGE
Cash From Operating Activities -20.70M -23.41M
Cash From Investing Activities -2.250M 18.67M
Cash From Financing Activities 440.0K -661.0K
Net Change In Cash -22.51M -5.403M
YoY Change -916.76% -82.72%
FREE CASH FLOW
Cash From Operating Activities -$20.70M -$23.41M
Capital Expenditures $2.390M $4.509M
Free Cash Flow -$23.09M -$27.92M
YoY Change -251.96% -528.43%

Facts In Submission

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249000 shares
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CY2023Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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CY2023Q2 us-gaap Defined Contribution Plan Cost Recognized
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CY2023Q2 us-gaap Net Income Loss
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CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
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