2023 Q3 Form 10-Q Financial Statement

#000095017023041347 Filed on August 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $8.200M $8.585M
YoY Change 37.77% 50.03%
% of Gross Profit
Research & Development $49.75M $48.56M
YoY Change 95.34% 230.88%
% of Gross Profit
Depreciation & Amortization $30.00K $34.00K
YoY Change -6.25% 41.67%
% of Gross Profit
Operating Expenses $57.95M $57.15M
YoY Change 84.44% 180.15%
Operating Profit -$57.95M -$57.15M
YoY Change 84.44% 180.15%
Interest Expense $3.930M $3.899M
YoY Change
% of Operating Profit
Other Income/Expense, Net $3.924M $3.894M
YoY Change 309.6% 924.74%
Pretax Income -$54.03M -$53.25M
YoY Change 77.37% 166.02%
Income Tax
% Of Pretax Income
Net Earnings -$54.03M -$53.25M
YoY Change 77.36% 166.02%
Net Earnings / Revenue
Basic Earnings Per Share -$0.92 -$0.91
Diluted Earnings Per Share -$0.92 -$0.91
COMMON SHARES
Basic Shares Outstanding 58.89M 58.56M
Diluted Shares Outstanding 58.88M 58.56M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $300.8M $332.3M
YoY Change -27.07% 32.66%
Cash & Equivalents $56.61M $51.72M
Short-Term Investments $244.2M $280.5M
Other Short-Term Assets $7.300M $14.45M
YoY Change 22.34% 729.93%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $308.1M $346.7M
YoY Change -26.36% 37.47%
LONG-TERM ASSETS
Property, Plant & Equipment $686.0K $629.0K
YoY Change 93.79% 119.16%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00
YoY Change -100.0%
Other Assets $102.0K $102.0K
YoY Change 41.67% 41.67%
Total Long-Term Assets $13.61M $2.062M
YoY Change 562.24% -79.36%
TOTAL ASSETS
Total Short-Term Assets $308.1M $346.7M
Total Long-Term Assets $13.61M $2.062M
Total Assets $321.7M $348.8M
YoY Change -23.49% 33.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.338M $4.085M
YoY Change -49.75% -29.63%
Accrued Expenses $16.39M $15.51M
YoY Change -1.76% 35.07%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $26.21M $20.03M
YoY Change -26.51% 13.35%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $11.90M $922.0K
YoY Change 851.24% -32.16%
Total Long-Term Liabilities $11.90M $922.0K
YoY Change 851.24% -32.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.21M $20.03M
Total Long-Term Liabilities $11.90M $922.0K
Total Liabilities $38.06M $20.96M
YoY Change 3.11% 10.1%
SHAREHOLDERS EQUITY
Retained Earnings -$372.4M -$318.4M
YoY Change 94.98% 98.32%
Common Stock $6.000K $6.000K
YoY Change 0.0% 20.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $283.6M $327.8M
YoY Change
Total Liabilities & Shareholders Equity $321.7M $348.8M
YoY Change -23.49% 33.02%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$54.03M -$53.25M
YoY Change 77.36% 166.02%
Depreciation, Depletion And Amortization $30.00K $34.00K
YoY Change -6.25% 41.67%
Cash From Operating Activities -$34.67M -$49.28M
YoY Change 44.52% 233.17%
INVESTING ACTIVITIES
Capital Expenditures $40.00K $195.0K
YoY Change -141.24% -796.43%
Acquisitions
YoY Change
Other Investing Activities $38.94M $35.01M
YoY Change -39.4% 91.56%
Cash From Investing Activities $38.90M $34.82M
YoY Change -39.37% 90.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.620M 2.473M
YoY Change -99.09% 893.17%
NET CHANGE
Cash From Operating Activities -34.67M -49.28M
Cash From Investing Activities 38.90M 34.82M
Cash From Financing Activities 1.620M 2.473M
Net Change In Cash 5.850M -11.99M
YoY Change -97.32% -423.44%
FREE CASH FLOW
Cash From Operating Activities -$34.67M -$49.28M
Capital Expenditures $40.00K $195.0K
Free Cash Flow -$34.71M -$49.48M
YoY Change 45.28% 235.12%

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