2020 Q1 Form 10-Q Financial Statement
#000138713120004479 Filed on May 06, 2020
Income Statement
| Concept | 2020 Q1 | 2019 Q1 |
|---|---|---|
| Revenue | $12.25M | $3.950M |
| YoY Change | 210.15% | 4.77% |
| Cost Of Revenue | $2.720M | $760.0K |
| YoY Change | 257.89% | 20.63% |
| Gross Profit | $9.536M | $3.180M |
| YoY Change | 199.87% | 1.27% |
| Gross Profit Margin | 77.84% | 80.51% |
| Selling, General & Admin | $56.93M | $34.86M |
| YoY Change | 63.31% | 67.92% |
| % of Gross Profit | 597.0% | 1096.23% |
| Research & Development | $3.270M | $6.320M |
| YoY Change | -48.26% | -10.23% |
| % of Gross Profit | 34.29% | 198.74% |
| Depreciation & Amortization | $260.0K | $110.0K |
| YoY Change | 136.36% | 83.33% |
| % of Gross Profit | 2.73% | 3.46% |
| Operating Expenses | $60.45M | $41.29M |
| YoY Change | 46.4% | 48.21% |
| Operating Profit | -$50.92M | -$38.11M |
| YoY Change | 33.62% | 54.17% |
| Interest Expense | -$6.260M | -$2.090M |
| YoY Change | 199.52% | |
| % of Operating Profit | ||
| Other Income/Expense, Net | $340.0K | $690.0K |
| YoY Change | -50.72% | 122.58% |
| Pretax Income | -$56.85M | -$39.51M |
| YoY Change | 43.89% | 61.93% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$56.85M | -$39.51M |
| YoY Change | 43.9% | 61.9% |
| Net Earnings / Revenue | -464.04% | -1000.16% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$209.4K | -$163.9K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2020 Q1 | 2019 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $170.1M | $122.9M |
| YoY Change | 38.41% | 14.54% |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $6.600M | $9.800M |
| YoY Change | -32.65% | 92.16% |
| Inventory | $14.60M | $5.000M |
| Prepaid Expenses | ||
| Receivables | $20.70M | $14.90M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $212.0M | $152.6M |
| YoY Change | 38.93% | 28.02% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $12.10M | $700.0K |
| YoY Change | 1628.57% | 75.0% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $500.0K | $4.100M |
| YoY Change | -87.8% | 1950.0% |
| Total Long-Term Assets | $56.60M | $29.30M |
| YoY Change | 93.17% | 671.05% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $212.0M | $152.6M |
| Total Long-Term Assets | $56.60M | $29.30M |
| Total Assets | $268.6M | $181.9M |
| YoY Change | 47.66% | 47.89% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $28.70M | $25.40M |
| YoY Change | 12.99% | 303.17% |
| Accrued Expenses | $18.30M | $12.50M |
| YoY Change | 46.4% | 68.92% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $61.60M | $45.00M |
| YoY Change | 36.89% | 186.62% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $243.4M | $73.50M |
| YoY Change | 231.16% | |
| Other Long-Term Liabilities | $8.800M | $2.700M |
| YoY Change | 225.93% | |
| Total Long-Term Liabilities | $252.2M | $76.20M |
| YoY Change | 230.97% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $61.60M | $45.00M |
| Total Long-Term Liabilities | $252.2M | $76.20M |
| Total Liabilities | $313.8M | $121.2M |
| YoY Change | 158.91% | 671.97% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | -$45.21M | $60.69M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $268.6M | $181.9M |
| YoY Change | 47.66% | 47.89% |
Cashflow Statement
| Concept | 2020 Q1 | 2019 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$56.85M | -$39.51M |
| YoY Change | 43.9% | 61.9% |
| Depreciation, Depletion And Amortization | $260.0K | $110.0K |
| YoY Change | 136.36% | 83.33% |
| Cash From Operating Activities | -$39.11M | -$38.16M |
| YoY Change | 2.49% | 94.2% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$440.0K | -$670.0K |
| YoY Change | -34.33% | 294.12% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | |
| YoY Change | -100.0% | |
| Cash From Investing Activities | -$440.0K | -$670.0K |
| YoY Change | -34.33% | 272.22% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 48.82M | 100.0K |
| YoY Change | 48720.0% | 150.0% |
| NET CHANGE | ||
| Cash From Operating Activities | -39.11M | -38.16M |
| Cash From Investing Activities | -440.0K | -670.0K |
| Cash From Financing Activities | 48.82M | 100.0K |
| Net Change In Cash | 9.270M | -38.73M |
| YoY Change | -123.93% | 95.7% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$39.11M | -$38.16M |
| Capital Expenditures | -$440.0K | -$670.0K |
| Free Cash Flow | -$38.67M | -$37.49M |
| YoY Change | 3.15% | 92.45% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | |
| CY2020Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2019Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2020Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2019Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
USD | |
| CY2019Q1 | us-gaap |
Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
|
USD | |
| CY2019Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
USD | |
| CY2019Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
USD | |
| CY2019Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-10057632 | USD |
| CY2020Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
USD |
