2024 Q3 Form 10-Q Financial Statement

#000095017024094007 Filed on August 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $7.923M $7.907M
YoY Change -3.38% -7.9%
% of Gross Profit
Research & Development $30.63M $27.81M
YoY Change -38.43% -42.74%
% of Gross Profit
Depreciation & Amortization $100.0K $100.0K
YoY Change 233.33% 194.12%
% of Gross Profit
Operating Expenses $38.55M $35.71M
YoY Change -33.47% -37.51%
Operating Profit -$38.55M -$35.71M
YoY Change -33.47% -37.51%
Interest Expense $3.350M $3.783M
YoY Change -14.76% -2.98%
% of Operating Profit
Other Income/Expense, Net $3.303M $3.762M
YoY Change -15.83% -3.39%
Pretax Income -$35.25M -$31.95M
YoY Change -34.76% -40.0%
Income Tax
% Of Pretax Income
Net Earnings -$35.25M -$31.95M
YoY Change -34.76% -40.0%
Net Earnings / Revenue
Basic Earnings Per Share -$0.50 -$0.45
Diluted Earnings Per Share -$0.50 -$0.45
COMMON SHARES
Basic Shares Outstanding 70.67M 70.50M
Diluted Shares Outstanding 70.67M 70.55M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $274.8M $239.4M
YoY Change -8.64% -27.93%
Cash & Equivalents $61.77M $40.93M
Short-Term Investments $213.1M $198.5M
Other Short-Term Assets $14.58M $17.49M
YoY Change 99.77% 21.07%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $289.4M $256.9M
YoY Change -6.06% -25.89%
LONG-TERM ASSETS
Property, Plant & Equipment $703.0K $762.0K
YoY Change 2.48% 21.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $40.26M
YoY Change
Other Assets $96.00K $102.0K
YoY Change -5.88% 0.0%
Total Long-Term Assets $11.69M $52.26M
YoY Change -14.09% 2434.53%
TOTAL ASSETS
Total Short-Term Assets $289.4M $256.9M
Total Long-Term Assets $11.69M $52.26M
Total Assets $301.1M $309.2M
YoY Change -6.4% -11.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.286M $6.583M
YoY Change -75.52% 61.15%
Accrued Expenses $9.006M $10.55M
YoY Change -45.06% -31.98%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $12.30M $18.10M
YoY Change -53.06% -9.63%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $10.03M $10.29M
YoY Change -15.76% 1016.49%
Total Long-Term Liabilities $10.03M $10.29M
YoY Change -15.76% 1016.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.30M $18.10M
Total Long-Term Liabilities $10.03M $10.29M
Total Liabilities $22.33M $28.40M
YoY Change -41.34% 35.51%
SHAREHOLDERS EQUITY
Retained Earnings -$525.0M -$489.7M
YoY Change 40.95% 53.8%
Common Stock $7.000K $7.000K
YoY Change 16.67% 16.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $278.8M $280.8M
YoY Change
Total Liabilities & Shareholders Equity $301.1M $309.2M
YoY Change -6.4% -11.35%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$35.25M -$31.95M
YoY Change -34.76% -40.0%
Depreciation, Depletion And Amortization $100.0K $100.0K
YoY Change 233.33% 194.12%
Cash From Operating Activities -$35.46M -$24.54M
YoY Change 2.28% -50.21%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $60.00K
YoY Change -100.0% -69.23%
Acquisitions
YoY Change
Other Investing Activities $29.25M -$75.46M
YoY Change -24.89% -315.51%
Cash From Investing Activities $29.25M -$75.52M
YoY Change -24.81% -316.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 26.86M -906.0K
YoY Change 1558.15% -136.64%
NET CHANGE
Cash From Operating Activities -35.46M -24.54M
Cash From Investing Activities 29.25M -75.52M
Cash From Financing Activities 26.86M -906.0K
Net Change In Cash 20.65M -101.0M
YoY Change 252.96% 742.07%
FREE CASH FLOW
Cash From Operating Activities -$35.46M -$24.54M
Capital Expenditures $0.00 $60.00K
Free Cash Flow -$35.46M -$24.60M
YoY Change 2.16% -50.28%

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