$VHC
VirnetX Holding Corp

2022 Q2 Form 10-Q Financial Statement

#000114036122019125 Filed on May 13, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $34.00K $5.000K $11.00K
YoY Change 126.67% 0.0%
Cost Of Revenue $0.00 -$4.000K $355.0K
YoY Change -99.96%
Gross Profit $34.00K $9.000K -$344.0K
YoY Change 126.67% -99.9%
Gross Profit Margin 100.0% 180.0% -3127.27%
Selling, General & Admin $3.046M $3.185M $4.675M
YoY Change 1.26% -92.41% -37.67%
% of Gross Profit 8958.82% 35388.89%
Research & Development $1.255M $1.227M $2.125M
YoY Change 9.23% 6.51% 6.25%
% of Gross Profit 3691.18% 13633.33%
Depreciation & Amortization $1.000K $2.000K $1.000K
YoY Change -50.0%
% of Gross Profit 2.94% 22.22%
Operating Expenses $4.301M $4.408M $6.800M
YoY Change 3.46% -86.9% -28.42%
Operating Profit -$4.267M -$4.403M -$7.144M
YoY Change 3.02% -86.92% -24.8%
Interest Expense $203.0K $24.00K $12.00K
YoY Change 1930.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$4.064M -$4.379M -$7.132M
YoY Change -1.65% -86.98% -24.93%
Income Tax $373.0K -$1.059M $2.492M
% Of Pretax Income
Net Earnings -$4.437M -$3.320M -$9.624M
YoY Change 25.94% -87.44% 28.32%
Net Earnings / Revenue -13050.0% -66400.0% -87490.91%
Basic Earnings Per Share -$0.06 -$0.05
Diluted Earnings Per Share -$62.27K -$0.05 -$135.1K
COMMON SHARES
Basic Shares Outstanding 71.23M 71.23M 71.23M
Diluted Shares Outstanding 71.26M 71.23M

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $161.7M $165.1M $169.3M
YoY Change -7.91% -23.9% -23.49%
Cash & Equivalents $127.2M $136.4M $142.0M
Short-Term Investments $34.48M $28.73M $27.25M
Other Short-Term Assets $514.0K $660.0K $203.0K
YoY Change -84.68% -81.14% -93.66%
Inventory
Prepaid Expenses
Receivables $19.00K $12.00K $17.00K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $162.2M $165.8M $169.5M
YoY Change -9.34% -24.8% -24.48%
LONG-TERM ASSETS
Property, Plant & Equipment $15.00K $16.00K $18.00K
YoY Change 66.67% 63.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $17.51M $17.98M $17.01M
YoY Change -2.59% 2.73% 63.52%
Total Long-Term Assets $17.53M $17.99M $17.02M
YoY Change -2.55% 2.82% 64.31%
TOTAL ASSETS
Total Short-Term Assets $162.2M $165.8M $169.5M
Total Long-Term Assets $17.53M $17.99M $17.02M
Total Assets $179.7M $183.8M $186.5M
YoY Change -8.72% -22.77% -20.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $350.0K $651.0K $338.0K
YoY Change -21.35% 30.2% -51.71%
Accrued Expenses $333.0K $330.0K $625.0K
YoY Change 8.82% -99.15% -93.56%
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 $738.0K $1.037M $1.021M
YoY Change -4.03% -97.35% -90.14%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $18.00K $31.00K $46.00K
YoY Change
Total Long-Term Liabilities $18.00K $31.00K $46.00K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $738.0K $1.037M $1.021M
Total Long-Term Liabilities $18.00K $31.00K $46.00K
Total Liabilities $756.0K $1.068M $1.067M
YoY Change -1.69% -97.27% -89.7%
SHAREHOLDERS EQUITY
Retained Earnings -$54.26M -$50.94M
YoY Change 535.58%
Common Stock $7.000K $7.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $179.0M $182.7M $185.4M
YoY Change
Total Liabilities & Shareholders Equity $179.7M $183.8M $186.5M
YoY Change -8.72% -22.77% -20.56%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income -$4.437M -$3.320M -$9.624M
YoY Change 25.94% -87.44% 28.32%
Depreciation, Depletion And Amortization $1.000K $2.000K $1.000K
YoY Change -50.0%
Cash From Operating Activities -$3.334M -$3.962M -$3.169M
YoY Change -91.93% -5.67% -88.13%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$5.867M -$1.648M -$2.855M
YoY Change 184.67% -119.39% -54.68%
Cash From Investing Activities -$5.867M -$1.648M -$2.855M
YoY Change 184.67% -119.39% -54.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -29.00K 0.000
YoY Change -85.2%
NET CHANGE
Cash From Operating Activities -3.334M -3.962M -3.169M
Cash From Investing Activities -5.867M -1.648M -2.855M
Cash From Financing Activities -29.00K 0.000
Net Change In Cash -9.230M -5.610M -6.024M
YoY Change -78.82% -230.47% -81.75%
FREE CASH FLOW
Cash From Operating Activities -$3.334M -$3.962M -$3.169M
Capital Expenditures $0.00
Free Cash Flow -$3.169M
YoY Change -88.13%

Facts In Submission

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