$VHC
VirnetX Holding Corp

2024 Q2 Form 10-Q Financial Statement

#000114036124026230 Filed on May 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $1.000K $2.000K $2.000K
YoY Change -50.0% 0.0% -60.0%
Cost Of Revenue $0.00
YoY Change -100.0%
Gross Profit $2.000K
YoY Change -77.78%
Gross Profit Margin 100.0%
Selling, General & Admin $3.193M $3.660M $4.548M
YoY Change -56.65% -19.53% 42.79%
% of Gross Profit 227400.0%
Research & Development $1.223M $1.268M $1.368M
YoY Change -74.28% -7.31% 11.49%
% of Gross Profit 68400.0%
Depreciation & Amortization $5.000K $5.000K $1.000K
YoY Change 150.0% 400.0% -50.0%
% of Gross Profit 50.0%
Operating Expenses $4.416M $4.928M $5.916M
YoY Change -63.57% -16.7% 34.21%
Operating Profit -$4.415M -$4.926M -$5.914M
YoY Change -63.57% -16.71% 34.32%
Interest Expense $588.0K $635.0K $1.369M
YoY Change -20.54% -53.62% 5604.17%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$3.827M -$4.291M -$4.545M
YoY Change -66.37% -5.59% 3.79%
Income Tax $3.000K $0.00 -$78.00K
% Of Pretax Income
Net Earnings -$3.830M -$4.291M -$4.467M
YoY Change -66.34% -3.94% 34.55%
Net Earnings / Revenue -383000.0% -214550.0% -223350.0%
Basic Earnings Per Share -$1.07 -$1.19 -$0.06
Diluted Earnings Per Share -$1.07 -$1.19 -$0.06
COMMON SHARES
Basic Shares Outstanding 3.681M 3.682M 71.42M
Diluted Shares Outstanding 3.593M 3.616M 71.43M

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $46.91M $50.01M $149.4M
YoY Change -29.17% -66.53% -9.52%
Cash & Equivalents $26.29M $27.59M $97.05M
Short-Term Investments $20.62M $22.41M $52.37M
Other Short-Term Assets $299.0K $367.0K $614.0K
YoY Change -37.71% -40.23% -6.97%
Inventory
Prepaid Expenses
Receivables $0.00 $0.00 $4.000K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $47.21M $50.37M $150.0M
YoY Change -29.24% -66.43% -9.51%
LONG-TERM ASSETS
Property, Plant & Equipment $68.00K $62.00K $10.00K
YoY Change 750.0% 520.0% -37.5%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.500M $2.500M
YoY Change
Other Assets $93.00K $94.00K $10.00K
YoY Change 389.47% 840.0% -99.94%
Total Long-Term Assets $11.74M $11.90M $624.0K
YoY Change 2098.5% 1807.53% -96.53%
TOTAL ASSETS
Total Short-Term Assets $47.21M $50.37M $150.0M
Total Long-Term Assets $11.74M $11.90M $624.0K
Total Assets $58.95M $62.28M $150.7M
YoY Change -12.34% -58.66% -18.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $325.0K $490.0K $1.692M
YoY Change -18.14% -71.04% 159.91%
Accrued Expenses $353.0K $324.0K $71.79M
YoY Change -9.95% -99.55% 21655.76%
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 $7.007M $7.029M $73.52M
YoY Change 761.87% -90.44% 6989.97%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.132M $3.062M $0.00
YoY Change -100.0%
Total Long-Term Liabilities $3.132M $3.062M $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.007M $7.029M $73.52M
Total Long-Term Liabilities $3.132M $3.062M $0.00
Total Liabilities $10.14M $10.09M $73.52M
YoY Change 1147.11% -86.28% 6784.18%
SHAREHOLDERS EQUITY
Retained Earnings -$194.6M -$190.8M -$163.1M
YoY Change 11.55% 16.98% 200.6%
Common Stock $0.00 $0.00 $7.000K
YoY Change -100.0% -100.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $48.81M $52.18M $77.14M
YoY Change
Total Liabilities & Shareholders Equity $58.95M $62.28M $150.7M
YoY Change -12.34% -58.66% -18.03%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income -$3.830M -$4.291M -$4.467M
YoY Change -66.34% -3.94% 34.55%
Depreciation, Depletion And Amortization $5.000K $5.000K $1.000K
YoY Change 150.0% 400.0% -50.0%
Cash From Operating Activities -$3.080M -$3.516M -$2.711M
YoY Change -73.8% 29.69% -31.57%
INVESTING ACTIVITIES
Capital Expenditures $11.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $1.783M $4.823M $13.20M
YoY Change -85.28% -63.46% -900.97%
Cash From Investing Activities $1.772M $4.823M $13.20M
YoY Change -85.37% -63.46% -900.97%
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 -3.000K 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -3.080M -3.516M -2.711M
Cash From Investing Activities 1.772M 4.823M 13.20M
Cash From Financing Activities 0.000 -3.000K 0.000
Net Change In Cash -1.308M 1.304M 10.49M
YoY Change -98.16% -87.57% -286.97%
FREE CASH FLOW
Cash From Operating Activities -$3.080M -$3.516M -$2.711M
Capital Expenditures $11.00K
Free Cash Flow -$3.091M
YoY Change

Facts In Submission

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0001140361-24-026230.txt Edgar Link pending
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ef20026320_10q.htm Edgar Link pending
ef20026320_ex31-1.htm Edgar Link pending
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