2022 Q1 Form 10-Q Financial Statement

#000160915122000025 Filed on May 13, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $33.27M $31.84M $25.67M
YoY Change 29.62%
Cost Of Revenue $13.75M $13.68M $10.80M
YoY Change 27.32%
Gross Profit $19.52M $18.16M $14.87M
YoY Change 31.3%
Gross Profit Margin 58.66% 57.04% 57.92%
Selling, General & Admin $25.82M $24.69M $17.74M
YoY Change 45.58%
% of Gross Profit 132.3% 135.95% 119.33%
Research & Development $7.204M $7.107M $5.836M
YoY Change 23.44%
% of Gross Profit 36.91% 39.13% 39.26%
Depreciation & Amortization $3.400M $3.389M $2.600M
YoY Change 30.77% -31.96%
% of Gross Profit 17.42% 18.66% 17.49%
Operating Expenses $33.03M $31.80M $23.58M
YoY Change 40.1%
Operating Profit -$13.51M -$13.64M -$8.709M
YoY Change 55.12%
Interest Expense $293.0K -$308.0K $280.0K
YoY Change 4.64%
% of Operating Profit
Other Income/Expense, Net -$4.000K -$65.00K $6.000K
YoY Change -166.67%
Pretax Income -$13.81M -$14.01M
YoY Change
Income Tax $32.00K $60.00K $0.00
% Of Pretax Income
Net Earnings -$13.84M -$14.07M -$8.983M
YoY Change 54.05%
Net Earnings / Revenue -41.59% -44.18% -35.0%
Basic Earnings Per Share -$0.21 -$2.60 -$0.79
Diluted Earnings Per Share -$0.21 -$2.60 -$0.79
COMMON SHARES
Basic Shares Outstanding 64.58M shares 64.24M shares 12.04M shares
Diluted Shares Outstanding 64.58M shares 12.04M shares

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $128.9M $136.0M
YoY Change
Cash & Equivalents $128.9M $136.0M $46.54M
Short-Term Investments
Other Short-Term Assets $14.39M $15.39M
YoY Change
Inventory
Prepaid Expenses $5.423M $6.461M
Receivables $2.897M $3.059M
Other Receivables $0.00 $0.00
Total Short-Term Assets $146.2M $154.4M
YoY Change 128.22%
LONG-TERM ASSETS
Property, Plant & Equipment $11.87M $24.50M
YoY Change 33.93%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $751.0K $663.0K
YoY Change -16.81%
Total Long-Term Assets $80.01M $33.04M
YoY Change 30.59%
TOTAL ASSETS
Total Short-Term Assets $146.2M $154.4M
Total Long-Term Assets $80.01M $33.04M
Total Assets $226.2M $187.5M
YoY Change 101.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.229M $4.061M
YoY Change 19.44%
Accrued Expenses $11.92M $12.25M
YoY Change 19.09%
Deferred Revenue $30.19M $29.51M
YoY Change 29.15%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $8.327M $0.00
YoY Change -100.0%
Total Short-Term Liabilities $59.60M $54.31M
YoY Change 23.36%
LONG-TERM LIABILITIES
Long-Term Debt $10.00M $10.00M
YoY Change 177.78%
Other Long-Term Liabilities $47.53M $4.318M
YoY Change
Total Long-Term Liabilities $10.00M $10.00M
YoY Change 177.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $59.60M $54.31M
Total Long-Term Liabilities $10.00M $10.00M
Total Liabilities $123.7M $75.18M
YoY Change 36.75%
SHAREHOLDERS EQUITY
Retained Earnings -$195.7M -$181.9M
YoY Change 39.7%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $102.5M $112.3M -$120.9M
YoY Change
Total Liabilities & Shareholders Equity $226.2M $187.5M
YoY Change 101.66%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income -$13.84M -$14.07M -$8.983M
YoY Change 54.05%
Depreciation, Depletion And Amortization $3.400M $3.389M $2.600M
YoY Change 30.77% -31.96%
Cash From Operating Activities -$4.171M -$10.06M -$5.272M
YoY Change -20.88% 266.07%
INVESTING ACTIVITIES
Capital Expenditures $541.0K -$2.150M $1.782M
YoY Change -69.64% -0.69%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$908.0K -$2.150M -$2.321M
YoY Change -60.88% -0.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$2.017M 107.8M -$1.569M
YoY Change 28.55% -4342.86%
NET CHANGE
Cash From Operating Activities -$4.171M -10.06M -$5.272M
Cash From Investing Activities -$908.0K -2.150M -$2.321M
Cash From Financing Activities -$2.017M 107.8M -$1.569M
Net Change In Cash -$7.096M 95.61M -$9.162M
YoY Change -22.55% -1382.77%
FREE CASH FLOW
Cash From Operating Activities -$4.171M -$10.06M -$5.272M
Capital Expenditures $541.0K -$2.150M $1.782M
Free Cash Flow -$4.712M -$7.906M -$7.054M
YoY Change -33.2% 1258.42%

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weav-20220331_def.xml Edgar Link unprocessable
weav-20220331_htm.xml Edgar Link completed
weav-20220331_lab.xml Edgar Link unprocessable
weav-20220331_pre.xml Edgar Link unprocessable