2023 Q4 Form 10-Q Financial Statement

#000095017023062098 Filed on November 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $8.326M $8.200M
YoY Change -0.72% 37.77%
% of Gross Profit
Research & Development $42.02M $49.75M
YoY Change 39.21% 95.34%
% of Gross Profit
Depreciation & Amortization $58.00K $30.00K
YoY Change 26.09% -6.25%
% of Gross Profit
Operating Expenses $50.35M $57.95M
YoY Change 30.53% 84.44%
Operating Profit -$57.95M
YoY Change 84.44%
Interest Expense $3.621M $3.930M
YoY Change -22.45%
% of Operating Profit
Other Income/Expense, Net -$28.00K $3.924M
YoY Change -97.87% 309.6%
Pretax Income -$46.75M -$54.03M
YoY Change 32.77% 77.37%
Income Tax
% Of Pretax Income
Net Earnings -$46.75M -$54.03M
YoY Change 32.77% 77.36%
Net Earnings / Revenue
Basic Earnings Per Share -$0.92
Diluted Earnings Per Share -$0.79 -$0.92
COMMON SHARES
Basic Shares Outstanding 59.05M 58.89M
Diluted Shares Outstanding 58.88M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $252.2M $300.8M
YoY Change -20.67% -27.07%
Cash & Equivalents $51.58M $56.61M
Short-Term Investments $200.6M $244.2M
Other Short-Term Assets $12.13M $7.300M
YoY Change -4.88% 22.34%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $264.3M $308.1M
YoY Change -20.06% -26.36%
LONG-TERM ASSETS
Property, Plant & Equipment $762.0K $686.0K
YoY Change 87.22% 93.79%
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 6.25% 41.67%
Total Long-Term Assets $13.35M $13.61M
YoY Change -67.21% 562.24%
TOTAL ASSETS
Total Short-Term Assets $264.3M $308.1M
Total Long-Term Assets $13.35M $13.61M
Total Assets $277.7M $321.7M
YoY Change -25.23% -23.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.756M $9.338M
YoY Change -10.52% -49.75%
Accrued Expenses $15.51M $16.39M
YoY Change 63.0% -1.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $22.27M $26.21M
YoY Change 36.1% -26.51%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $11.51M $11.90M
YoY Change 903.93% 851.24%
Total Long-Term Liabilities $11.51M $11.90M
YoY Change 903.93% 851.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.27M $26.21M
Total Long-Term Liabilities $11.51M $11.90M
Total Liabilities $33.77M $38.06M
YoY Change 92.92% 3.11%
SHAREHOLDERS EQUITY
Retained Earnings -$419.2M -$372.4M
YoY Change 85.32% 94.98%
Common Stock $6.000K $6.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $243.9M $283.6M
YoY Change
Total Liabilities & Shareholders Equity $277.7M $321.7M
YoY Change -25.23% -23.49%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$46.75M -$54.03M
YoY Change 32.77% 77.36%
Depreciation, Depletion And Amortization $58.00K $30.00K
YoY Change 26.09% -6.25%
Cash From Operating Activities -$51.65M -$34.67M
YoY Change 9.28% 44.52%
INVESTING ACTIVITIES
Capital Expenditures $214.0K $40.00K
YoY Change 91.07% -141.24%
Acquisitions
YoY Change
Other Investing Activities $46.33M $38.94M
YoY Change -132.92% -39.4%
Cash From Investing Activities $46.12M $38.90M
YoY Change -132.75% -39.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 589.0K 1.620M
YoY Change -105.69% -99.09%
NET CHANGE
Cash From Operating Activities -51.65M -34.67M
Cash From Investing Activities 46.12M 38.90M
Cash From Financing Activities 589.0K 1.620M
Net Change In Cash -4.943M 5.850M
YoY Change -97.51% -97.32%
FREE CASH FLOW
Cash From Operating Activities -$51.65M -$34.67M
Capital Expenditures $214.0K $40.00K
Free Cash Flow -$51.87M -$34.71M
YoY Change 9.48% 45.28%

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