$VHC
VirnetX Holding Corp

2022 Q4 Form 10-Q Financial Statement

#000114036122040486 Filed on November 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $5.000K $4.000K
YoY Change -54.55% 0.0%
Cost Of Revenue $0.00 $0.00
YoY Change -100.0%
Gross Profit $5.000K $4.000K
YoY Change -101.45% 0.0%
Gross Profit Margin 100.0% 100.0%
Selling, General & Admin $5.348M $4.143M
YoY Change 14.4% 34.12%
% of Gross Profit 106960.0% 103575.0%
Research & Development $2.708M $1.216M
YoY Change 27.44% 5.65%
% of Gross Profit 54160.0% 30400.0%
Depreciation & Amortization $2.000K $2.000K
YoY Change 100.0% 100.0%
% of Gross Profit 40.0% 50.0%
Operating Expenses $8.056M $5.359M
YoY Change 18.47% 26.39%
Operating Profit -$8.051M -$5.355M
YoY Change 12.7% 26.42%
Interest Expense $1.031M $589.0K
YoY Change 8491.67% 5790.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$7.020M -$4.766M
YoY Change -1.57% 12.78%
Income Tax $17.20M -$486.0K
% Of Pretax Income
Net Earnings -$24.22M -$4.280M
YoY Change 151.69% 28.49%
Net Earnings / Revenue -484460.0% -107000.0%
Basic Earnings Per Share -$0.06
Diluted Earnings Per Share -$0.34 -$0.06
COMMON SHARES
Basic Shares Outstanding 71.42M 71.43M
Diluted Shares Outstanding 71.43M

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $152.0M $159.0M
YoY Change -10.19% -7.82%
Cash & Equivalents $86.56M $105.8M
Short-Term Investments $65.46M $53.20M
Other Short-Term Assets $224.0K $370.0K
YoY Change 10.34% -88.53%
Inventory
Prepaid Expenses
Receivables $14.00K $20.00K
Other Receivables $0.00 $0.00
Total Short-Term Assets $152.3M $159.4M
YoY Change -10.17% -9.3%
LONG-TERM ASSETS
Property, Plant & Equipment $11.00K $13.00K
YoY Change -38.89% -31.58%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $703.0K $17.91M
YoY Change -95.87% -4.65%
Total Long-Term Assets $714.0K $17.93M
YoY Change -95.81% -4.67%
TOTAL ASSETS
Total Short-Term Assets $152.3M $159.4M
Total Long-Term Assets $714.0K $17.93M
Total Assets $153.0M $177.3M
YoY Change -17.98% -8.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $373.0K $1.477M
YoY Change 10.36% 497.98%
Accrued Expenses $311.0K $367.0K
YoY Change -50.24% 15.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $731.0K $1.900M
YoY Change -28.4% 233.33%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $4.000K
YoY Change -100.0%
Total Long-Term Liabilities $0.00 $4.000K
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $731.0K $1.900M
Total Long-Term Liabilities $0.00 $4.000K
Total Liabilities $731.0K $1.904M
YoY Change -31.49% 234.04%
SHAREHOLDERS EQUITY
Retained Earnings -$87.20M -$62.97M
YoY Change 71.19%
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 $152.2M $175.4M
YoY Change
Total Liabilities & Shareholders Equity $153.0M $177.3M
YoY Change -17.98% -8.85%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$24.22M -$4.280M
YoY Change 151.69% 28.49%
Depreciation, Depletion And Amortization $2.000K $2.000K
YoY Change 100.0% 100.0%
Cash From Operating Activities -$7.086M -$2.511M
YoY Change 123.6% -17.24%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$12.16M -$18.86M
YoY Change 325.85% 641.14%
Cash From Investing Activities -$12.16M -$18.86M
YoY Change 325.85% 637.95%
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
YoY Change
NET CHANGE
Cash From Operating Activities -7.086M -2.511M
Cash From Investing Activities -12.16M -18.86M
Cash From Financing Activities 0.000 0.000
Net Change In Cash -19.24M -21.37M
YoY Change 219.46% 282.34%
FREE CASH FLOW
Cash From Operating Activities -$7.086M -$2.511M
Capital Expenditures $0.00
Free Cash Flow -$7.086M
YoY Change 123.6%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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dei Entity Central Index Key
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dei Entity File Number
EntityFileNumber
001-33852
dei Entity Registrant Name
EntityRegistrantName
VirnetX Holding Corp
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
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dei Entity Address Address Line1
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308 Dorla Court
dei Entity Address Address Line2
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Suite 206
dei Entity Address City Or Town
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Zephyr Cove
dei Entity Address State Or Province
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dei City Area Code
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dei Local Phone Number
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dei Security12b Title
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Common Stock, par value $0.0001 per share
dei Trading Symbol
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VHC
dei Security Exchange Name
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