2021 Q4 Form 10-K Financial Statement
#000119312522053552 Filed on February 25, 2022
Income Statement
| Concept | 2021 Q4 | 2021 Q3 | 2021 Q1 |
|---|---|---|---|
| Revenue | $79.18M | $78.11M | $71.26M |
| YoY Change | 20.6% | 22.53% | 12.75% |
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $50.48M | $47.69M | $48.13M |
| YoY Change | 5.79% | 9.65% | 15.03% |
| % of Gross Profit | |||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $45.00K | $185.0K | $300.0K |
| YoY Change | -77.5% | -38.33% | 0.0% |
| % of Gross Profit | |||
| Operating Expenses | $56.61M | $53.91M | $54.23M |
| YoY Change | 4.55% | 8.03% | 13.31% |
| Operating Profit | $24.20M | ||
| YoY Change | |||
| Interest Expense | -$2.876M | -$3.040M | -$2.070M |
| YoY Change | 22.91% | 26.67% | -8.41% |
| % of Operating Profit | -12.56% | ||
| Other Income/Expense, Net | -$4.416M | $236.0K | -$3.060M |
| YoY Change | -79.8% | -102.9% | -59.68% |
| Pretax Income | $15.27M | $6.333M | $13.18M |
| YoY Change | -235.14% | 455.53% | -219.71% |
| Income Tax | $4.084M | $500.0K | -$1.970M |
| % Of Pretax Income | 26.74% | 7.9% | -14.95% |
| Net Earnings | $11.19M | $5.833M | $15.15M |
| YoY Change | -182.87% | -2260.37% | -275.35% |
| Net Earnings / Revenue | 14.13% | 7.47% | 21.26% |
| Basic Earnings Per Share | $0.04 | ||
| Diluted Earnings Per Share | $69.95K | $36.64K | $93.62K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 142.1M | ||
| Diluted Shares Outstanding | 159.2M | 161.8M |
Balance Sheet
| Concept | 2021 Q4 | 2021 Q3 | 2021 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $267.9M | $247.3M | $97.10M |
| YoY Change | 147.35% | 157.35% | 9.47% |
| Cash & Equivalents | $140.7M | $127.9M | $62.30M |
| Short-Term Investments | $127.2M | $119.4M | $34.80M |
| Other Short-Term Assets | $276.0K | $6.083M | $4.400M |
| YoY Change | -93.27% | 6.72% | 0.0% |
| Inventory | |||
| Prepaid Expenses | $3.952M | ||
| Receivables | $31.86M | $32.09M | $30.30M |
| Other Receivables | $0.00 | $146.0K | $200.0K |
| Total Short-Term Assets | $304.0M | $285.6M | $132.0M |
| YoY Change | 114.21% | 123.15% | 13.99% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $557.0K | $1.176M | $23.30M |
| YoY Change | -97.67% | -95.18% | -8.98% |
| Goodwill | $85.86M | ||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $14.55M | $14.57M | $14.30M |
| YoY Change | 69.14% | 69.41% | -35.29% |
| Other Assets | $361.0K | $7.995M | $6.400M |
| YoY Change | -95.6% | 9.52% | 77.78% |
| Total Long-Term Assets | $733.9M | $732.7M | $753.2M |
| YoY Change | -2.77% | -2.69% | -2.35% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $304.0M | $285.6M | $132.0M |
| Total Long-Term Assets | $733.9M | $732.7M | $753.2M |
| Total Assets | $1.038B | $1.018B | $885.2M |
| YoY Change | 15.74% | 15.59% | -0.21% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $9.297M | $12.74M | $11.40M |
| YoY Change | -8.85% | 22.47% | 25.27% |
| Accrued Expenses | $32.99M | $24.77M | $11.50M |
| YoY Change | 27.38% | 45.72% | 66.67% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $83.67M | $75.74M | $56.60M |
| YoY Change | 13.06% | 13.05% | 4.24% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $318.6M | $318.0M | $171.2M |
| YoY Change | 91.25% | 91.78% | -0.17% |
| Other Long-Term Liabilities | $233.6M | $231.2M | $250.7M |
| YoY Change | -9.19% | -1.16% | 22.95% |
| Total Long-Term Liabilities | $552.2M | $549.2M | $421.9M |
| YoY Change | 30.3% | 37.4% | 12.39% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $83.67M | $75.74M | $56.60M |
| Total Long-Term Liabilities | $552.2M | $549.2M | $421.9M |
| Total Liabilities | $635.9M | $624.9M | $478.5M |
| YoY Change | 27.71% | 33.9% | 11.33% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$22.45M | $616.0K | |
| YoY Change | |||
| Common Stock | $291.2M | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $269.4M | $393.4M | $274.2M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $1.038B | $1.018B | $885.2M |
| YoY Change | 15.74% | 15.59% | -0.21% |
Cashflow Statement
| Concept | 2021 Q4 | 2021 Q3 | 2021 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $11.19M | $5.833M | $15.15M |
| YoY Change | -182.87% | -2260.37% | -275.35% |
| Depreciation, Depletion And Amortization | $45.00K | $185.0K | $300.0K |
| YoY Change | -77.5% | -38.33% | 0.0% |
| Cash From Operating Activities | $25.21M | $27.72M | $1.900M |
| YoY Change | 82.67% | -829.45% | -173.08% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$56.00K | -$64.00K | -$100.0K |
| YoY Change | -72.0% | -36.0% | 0.0% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$7.109M | -$61.95M | -$5.500M |
| YoY Change | -7209.0% | -4230.0% | -162.5% |
| Cash From Investing Activities | -$7.165M | -$62.01M | -$5.600M |
| YoY Change | 7065.0% | -4529.57% | -163.64% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -4.797M | -4.797M | -7.200M |
| YoY Change | -5.94% | -131.98% | -36.84% |
| NET CHANGE | |||
| Cash From Operating Activities | 25.21M | 27.72M | 1.900M |
| Cash From Investing Activities | -7.165M | -62.01M | -5.600M |
| Cash From Financing Activities | -4.797M | -4.797M | -7.200M |
| Net Change In Cash | 13.25M | -39.09M | -10.90M |
| YoY Change | 54.03% | -410.25% | 109.62% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $25.21M | $27.72M | $1.900M |
| Capital Expenditures | -$56.00K | -$64.00K | -$100.0K |
| Free Cash Flow | $25.26M | $27.78M | $2.000M |
| YoY Change | 80.46% | -850.89% | -180.0% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
148682000 | |
| CY2019 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
151823000 | |
| CY2020 | wetf |
Weighted Average Number Of Diluted Shares Outstanding Excluding Participating Securities
WeightedAverageNumberOfDilutedSharesOutstandingExcludingParticipatingSecurities
|
148682000 | |
| CY2019 | wetf |
Weighted Average Number Of Diluted Shares Outstanding Excluding Participating Securities
WeightedAverageNumberOfDilutedSharesOutstandingExcludingParticipatingSecurities
|
151823000 | |
| CY2021 | wetf |
Income Tax Reconciliation Gain On Revaluation Of Deferred Consideration
IncomeTaxReconciliationGainOnRevaluationOfDeferredConsideration
|
-424000 | |
| CY2020 | wetf |
Income Tax Reconciliation Gain On Revaluation Of Deferred Consideration
IncomeTaxReconciliationGainOnRevaluationOfDeferredConsideration
|
11929000 | |
| CY2019 | wetf |
Income Tax Reconciliation Gain On Revaluation Of Deferred Consideration
IncomeTaxReconciliationGainOnRevaluationOfDeferredConsideration
|
2378000 | |
| CY2020 | us-gaap |
Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
|
5981000 | |
| CY2020 | wetf |
Unrecognized Tax Benefits And Interest And Penalties Increases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsAndInterestAndPenaltiesIncreasesResultingFromForeignCurrencyTranslation
|
576000 | |
| CY2021 | us-gaap |
Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
|
5171000 | |
| CY2021 | wetf |
Unrecognized Tax Benefits And Interest And Penalties Increases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsAndInterestAndPenaltiesIncreasesResultingFromForeignCurrencyTranslation
|
-93000 | |
| CY2021Q4 | us-gaap |
Revenues Excluding Interest And Dividends
RevenuesExcludingInterestAndDividends
|
79175000 | |
| CY2021Q3 | us-gaap |
Revenues Excluding Interest And Dividends
RevenuesExcludingInterestAndDividends
|
78112000 | |
| CY2021Q2 | us-gaap |
Revenues Excluding Interest And Dividends
RevenuesExcludingInterestAndDividends
|
75775000 | |
| CY2021Q1 | us-gaap |
Revenues Excluding Interest And Dividends
RevenuesExcludingInterestAndDividends
|
71256000 | |
| CY2020Q4 | us-gaap |
Revenues Excluding Interest And Dividends
RevenuesExcludingInterestAndDividends
|
65651000 | |
| CY2020Q3 | us-gaap |
Revenues Excluding Interest And Dividends
RevenuesExcludingInterestAndDividends
|
63749000 | |
| CY2020Q2 | us-gaap |
Revenues Excluding Interest And Dividends
RevenuesExcludingInterestAndDividends
|
57312000 | |
| CY2020Q1 | us-gaap |
Revenues Excluding Interest And Dividends
RevenuesExcludingInterestAndDividends
|
63200000 |
