2021 Q1 Form 10-Q Financial Statement

#000156459021024948 Filed on May 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $1.976M $5.718M
YoY Change -65.44% 56.19%
Cost Of Revenue $0.00
YoY Change
Gross Profit $1.976M
YoY Change
Gross Profit Margin 100.0%
Selling, General & Admin $25.74M $12.65M
YoY Change 103.47% 47.78%
% of Gross Profit 1302.58%
Research & Development $134.9M $64.98M
YoY Change 107.56% 151.16%
% of Gross Profit 6825.4%
Depreciation & Amortization $1.300M $1.000M
YoY Change 30.0% 42.86%
% of Gross Profit 65.79%
Operating Expenses $160.6M $77.63M
YoY Change 106.9% 125.46%
Operating Profit -$158.6M -$71.91M
YoY Change 120.6% 133.7%
Interest Expense $160.0K $1.760M
YoY Change -90.91% -21.78%
% of Operating Profit
Other Income/Expense, Net -$10.08M -$5.314M
YoY Change 89.73% -353.05%
Pretax Income -$168.7M -$77.22M
YoY Change 118.47% 169.35%
Income Tax $196.0K $16.00K
% Of Pretax Income
Net Earnings -$168.9M -$77.24M
YoY Change 118.68% 169.41%
Net Earnings / Revenue -8548.13% -1350.82%
Basic Earnings Per Share -$1.32 -$0.71
Diluted Earnings Per Share -$1.32 -$0.71
COMMON SHARES
Basic Shares Outstanding 127.7M 109.8M
Diluted Shares Outstanding 127.7M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $733.0M $355.6M
YoY Change 106.13%
Cash & Equivalents $521.4M $168.4M
Short-Term Investments $211.6M $187.2M
Other Short-Term Assets $35.10M $21.90M
YoY Change 60.27%
Inventory
Prepaid Expenses
Receivables $112.5M
Other Receivables $0.00
Total Short-Term Assets $993.1M $377.5M
YoY Change 163.07%
LONG-TERM ASSETS
Property, Plant & Equipment $17.29M $16.24M
YoY Change 6.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $6.100M
YoY Change
Other Assets $14.10M $8.900M
YoY Change 58.43%
Total Long-Term Assets $142.5M $99.60M
YoY Change 43.07%
TOTAL ASSETS
Total Short-Term Assets $993.1M $377.5M
Total Long-Term Assets $142.5M $99.60M
Total Assets $1.136B $477.1M
YoY Change 138.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.700M $18.80M
YoY Change -80.32%
Accrued Expenses $60.10M $21.70M
YoY Change 176.96%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $200.0K
YoY Change
Total Short-Term Liabilities $361.1M $56.40M
YoY Change 540.25%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $800.0K
YoY Change -100.0%
Other Long-Term Liabilities $120.3M $36.30M
YoY Change 231.4%
Total Long-Term Liabilities $120.3M $37.10M
YoY Change 224.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $361.1M $56.40M
Total Long-Term Liabilities $120.3M $37.10M
Total Liabilities $484.6M $96.80M
YoY Change 400.62%
SHAREHOLDERS EQUITY
Retained Earnings -$836.1M -$445.8M
YoY Change 87.55%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $651.0M $380.3M
YoY Change
Total Liabilities & Shareholders Equity $1.136B $477.1M
YoY Change 138.01%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$168.9M -$77.24M
YoY Change 118.68% 169.41%
Depreciation, Depletion And Amortization $1.300M $1.000M
YoY Change 30.0% 42.86%
Cash From Operating Activities -$89.53M -$48.41M
YoY Change 84.94% 64.16%
INVESTING ACTIVITIES
Capital Expenditures $667.0K $1.302M
YoY Change -48.77% -62.54%
Acquisitions
YoY Change
Other Investing Activities $88.20M $105.5M
YoY Change -16.41% -138.98%
Cash From Investing Activities $87.53M $104.2M
YoY Change -16.01% -138.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 87.50M 85.00K
YoY Change 102844.71% -99.97%
NET CHANGE
Cash From Operating Activities -89.53M -48.41M
Cash From Investing Activities 87.53M 104.2M
Cash From Financing Activities 87.50M 85.00K
Net Change In Cash 85.51M 55.90M
YoY Change 52.98% 306.33%
FREE CASH FLOW
Cash From Operating Activities -$89.53M -$48.41M
Capital Expenditures $667.0K $1.302M
Free Cash Flow -$90.20M -$49.71M
YoY Change 81.44% 50.8%

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CY2021Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
66615000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
66556000
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
70183000

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