2022 Q3 Form 10-Q Financial Statement

#000162828022020245 Filed on August 02, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $123.3M $111.4M $96.26M
YoY Change 22.87% 26.05% 28.72%
Cost Of Revenue $17.20M $17.80M $17.81M
YoY Change 19.95% 25.34% 32.09%
Gross Profit $106.1M $93.65M $78.45M
YoY Change 23.36% 26.18% 27.97%
Gross Profit Margin 86.05% 84.03% 81.5%
Selling, General & Admin $87.21M $86.40M $82.97M
YoY Change 24.19% 25.01% 27.02%
% of Gross Profit 82.19% 92.26% 105.76%
Research & Development $44.48M $44.82M $43.57M
YoY Change 29.51% 34.45% 44.93%
% of Gross Profit 41.92% 47.85% 55.54%
Depreciation & Amortization $2.948M $2.498M $2.679M
YoY Change 4.72% -19.58% 14.05%
% of Gross Profit 2.78% 2.67% 3.41%
Operating Expenses $131.7M $131.2M $126.5M
YoY Change 25.94% 28.08% 32.67%
Operating Profit -$25.58M -$37.57M -$48.09M
YoY Change 37.87% 33.07% 41.12%
Interest Expense $2.431M $2.976M $736.0K
YoY Change -175.17% -178.27% -172.16%
% of Operating Profit
Other Income/Expense, Net $2.431M $2.976M $736.0K
YoY Change -175.17% -178.27% -172.02%
Pretax Income -$23.15M -$34.59M -$47.35M
YoY Change 6.25% 7.99% 34.91%
Income Tax $5.566M $1.698M $1.414M
% Of Pretax Income
Net Earnings -$28.72M -$36.29M -$48.76M
YoY Change 23.17% 10.14% 36.76%
Net Earnings / Revenue -23.29% -32.56% -50.66%
Basic Earnings Per Share -$0.26 -$0.33 -$0.45
Diluted Earnings Per Share -$0.26 -$0.33 -$0.45
COMMON SHARES
Basic Shares Outstanding 109.9M shares 109.7M shares 108.2M shares
Diluted Shares Outstanding 110.0M shares 109.7M shares 108.2M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $790.4M $788.8M $804.1M
YoY Change -2.84% -3.06% -2.42%
Cash & Equivalents $754.2M $753.2M $775.7M
Short-Term Investments $36.11M $35.59M $28.37M
Other Short-Term Assets $34.56M $33.90M $35.81M
YoY Change 29.25% 46.48% 45.58%
Inventory
Prepaid Expenses
Receivables $91.69M $83.93M $63.60M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $916.6M $906.6M $903.5M
YoY Change 0.55% 1.07% 0.41%
LONG-TERM ASSETS
Property, Plant & Equipment $38.19M $39.64M $39.50M
YoY Change 11.78% 14.49% 9.92%
Goodwill $23.14M $23.14M $23.14M
YoY Change 0.0% 0.0% 0.0%
Intangibles $3.169M $3.550M $3.931M
YoY Change -32.5% -30.09% -28.03%
Long-Term Investments
YoY Change
Other Assets $18.67M $18.86M $20.14M
YoY Change -5.33% -5.63% 3.59%
Total Long-Term Assets $141.9M $145.7M $148.1M
YoY Change -3.42% 7.62% 7.31%
TOTAL ASSETS
Total Short-Term Assets $916.6M $906.6M $903.5M
Total Long-Term Assets $141.9M $145.7M $148.1M
Total Assets $1.059B $1.052B $1.052B
YoY Change 0.0% 1.93% 1.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.989M $4.757M $4.771M
YoY Change 73.8% 50.21% 648.98%
Accrued Expenses $109.3M $105.8M $92.56M
YoY Change 18.86% 15.01% 6.39%
Deferred Revenue $94.19M $98.37M $98.76M
YoY Change 9.2% 13.83% 7.82%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $209.4M $208.9M $196.1M
YoY Change 15.31% 15.06% 9.39%
LONG-TERM LIABILITIES
Long-Term Debt $248.6M $248.2M $247.8M
YoY Change 11.18% 11.88% 12.61%
Other Long-Term Liabilities $7.191M $4.472M $3.680M
YoY Change 74.45% 19.06% 12.4%
Total Long-Term Liabilities $316.8M $316.9M $319.7M
YoY Change 5.63% 13.04% 14.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $209.4M $208.9M $196.1M
Total Long-Term Liabilities $316.8M $316.9M $319.7M
Total Liabilities $526.2M $525.9M $515.8M
YoY Change 9.28% 13.83% 12.32%
SHAREHOLDERS EQUITY
Retained Earnings -$532.7M -$504.0M -$467.7M
YoY Change 32.3% 32.86% 35.02%
Common Stock $110.0K $110.0K $110.0K
YoY Change 2.8% 2.8% 3.77%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $532.3M $526.4M $535.8M
YoY Change
Total Liabilities & Shareholders Equity $1.059B $1.052B $1.052B
YoY Change 0.0% 1.93% 1.33%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$28.72M -$36.29M -$48.76M
YoY Change 23.17% 10.14% 36.76%
Depreciation, Depletion And Amortization $2.948M $2.498M $2.679M
YoY Change 4.72% -19.58% 14.05%
Cash From Operating Activities -$1.638M -$14.47M $24.54M
YoY Change -61.95% 56.65% 20.4%
INVESTING ACTIVITIES
Capital Expenditures -$1.500M -$2.639M $3.495M
YoY Change -24.01% 157.21% 213.17%
Acquisitions
YoY Change
Other Investing Activities -$519.0K -$5.440M -$28.38M
YoY Change -102.36% -114.3% 660.72%
Cash From Investing Activities -$2.019M -$8.079M -$31.87M
YoY Change -110.07% -121.82% 557.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.730M -1.000K -$22.71M
YoY Change -21.7% -96.77% -104.51%
NET CHANGE
Cash From Operating Activities -1.638M -14.47M $24.54M
Cash From Investing Activities -2.019M -8.079M -$31.87M
Cash From Financing Activities 4.730M -1.000K -$22.71M
Net Change In Cash 1.073M -22.55M -$30.04M
YoY Change -95.08% -181.24% -105.78%
FREE CASH FLOW
Cash From Operating Activities -$1.638M -$14.47M $24.54M
Capital Expenditures -$1.500M -$2.639M $3.495M
Free Cash Flow -$138.0K -$11.83M $21.05M
YoY Change -94.08% 44.09% 9.24%

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7.099
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
17519000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
136000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
340000 usd
CY2022Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
799762 shares
CY2022Q2 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
7.078
CY2022Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
788374 shares
CY2022Q2 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
7.099
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
37758000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
25868000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
73756000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
47247000 usd
CY2021Q1 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
3
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
111448000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
88418000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
207709000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
163203000 usd
CY2022Q2 us-gaap Noncurrent Assets
NoncurrentAssets
100148000 usd
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
102047000 usd

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