$VHC
VirnetX Holding Corp

2021 Q4 Form 10-Q Financial Statement

#000114036121036975 Filed on November 08, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021 Q2
Revenue $11.00K $4.000K $15.00K
YoY Change -84.62%
Cost Of Revenue $355.0K $0.00 $0.00
YoY Change
Gross Profit -$344.0K $4.000K $15.00K
YoY Change
Gross Profit Margin -3127.27% 100.0% 100.0%
Selling, General & Admin $4.675M $3.089M $3.008M
YoY Change -37.67% -27.66% -55.1%
% of Gross Profit 77225.0% 20053.33%
Research & Development $2.125M $1.151M $1.149M
YoY Change 6.25% 5.5% -69.76%
% of Gross Profit 28775.0% 7660.0%
Depreciation & Amortization $1.000K $1.000K $2.000K
YoY Change
% of Gross Profit 25.0% 13.33%
Operating Expenses $6.800M $4.240M $4.157M
YoY Change -28.42% -20.91% -60.41%
Operating Profit -$7.144M -$4.236M -$4.142M
YoY Change -24.8% -20.6%
Interest Expense $12.00K $10.00K $10.00K
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$7.132M -$4.226M -$4.132M
YoY Change -24.93% -20.53% -60.53%
Income Tax $2.492M -$895.0K -$609.0K
% Of Pretax Income
Net Earnings -$9.624M -$3.331M -$3.523M
YoY Change 28.32% -17.24% -56.18%
Net Earnings / Revenue -87490.91% -83275.0% -23486.67%
Basic Earnings Per Share -$0.05 -$0.05
Diluted Earnings Per Share -$135.1K -$0.05 -$0.05
COMMON SHARES
Basic Shares Outstanding 71.23M 71.23M 71.11M
Diluted Shares Outstanding 71.23M 71.11M

Balance Sheet

Concept 2021 Q4 2021 Q3 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $169.3M $172.5M $175.5M
YoY Change -23.49% -30.45% -35.65%
Cash & Equivalents $142.0M $148.0M $153.6M
Short-Term Investments $27.25M $24.45M $21.91M
Other Short-Term Assets $203.0K $3.227M $3.354M
YoY Change -93.66% 706.75% 459.0%
Inventory
Prepaid Expenses
Receivables $17.00K $15.00K $14.00K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $169.5M $175.7M $178.9M
YoY Change -24.48% -29.25% -34.56%
LONG-TERM ASSETS
Property, Plant & Equipment $18.00K $19.00K $9.000K
YoY Change 63.64% -35.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $17.01M $18.79M $17.98M
YoY Change 63.52% 86.0% 79.79%
Total Long-Term Assets $17.02M $18.81M $17.99M
YoY Change 64.31% 85.36% 79.56%
TOTAL ASSETS
Total Short-Term Assets $169.5M $175.7M $178.9M
Total Long-Term Assets $17.02M $18.81M $17.99M
Total Assets $186.5M $194.5M $196.9M
YoY Change -20.56% -24.76% -30.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $338.0K $247.0K $445.0K
YoY Change -51.71% -58.83% -59.55%
Accrued Expenses $625.0K $319.0K $306.0K
YoY Change -93.56% -96.71% -96.85%
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 $1.021M $570.0K $769.0K
YoY Change -90.14% -97.95% -98.45%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $46.00K
YoY Change
Total Long-Term Liabilities $46.00K $0.00 $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.021M $570.0K $769.0K
Total Long-Term Liabilities $46.00K $0.00 $0.00
Total Liabilities $1.067M $570.0K $769.0K
YoY Change -89.7% -97.95% -98.45%
SHAREHOLDERS EQUITY
Retained Earnings -$50.94M
YoY Change 535.58%
Common Stock $7.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $185.4M $194.0M $196.1M
YoY Change
Total Liabilities & Shareholders Equity $186.5M $194.5M $196.9M
YoY Change -20.56% -24.76% -30.52%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021 Q2
OPERATING ACTIVITIES
Net Income -$9.624M -$3.331M -$3.523M
YoY Change 28.32% -17.24% -56.18%
Depreciation, Depletion And Amortization $1.000K $1.000K $2.000K
YoY Change
Cash From Operating Activities -$3.169M -$3.034M -$41.32M
YoY Change -88.13% -87.77% -55.81%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$11.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$2.855M -$2.545M -$2.061M
YoY Change -54.68% -86.95% 58.54%
Cash From Investing Activities -$2.855M -$2.556M -$2.061M
YoY Change -54.68% -86.89% 58.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 -196.0K
YoY Change -99.72%
NET CHANGE
Cash From Operating Activities -3.169M -3.034M -41.32M
Cash From Investing Activities -2.855M -2.556M -2.061M
Cash From Financing Activities 0.000 0.000 -196.0K
Net Change In Cash -6.024M -5.590M -43.58M
YoY Change -81.75% -87.38% -73.72%
FREE CASH FLOW
Cash From Operating Activities -$3.169M -$3.034M -$41.32M
Capital Expenditures $0.00 -$11.00K
Free Cash Flow -$3.169M -$3.023M
YoY Change -88.13%

Facts In Submission

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dei Amendment Flag
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VirnetX Holding Corp
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dei Entity Tax Identification Number
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