2019 Q2 Form 10-Q Financial Statement
#000156459019040431 Filed on November 05, 2019
Income Statement
Concept | 2019 Q2 | 2018 Q3 | 2018 Q2 |
---|---|---|---|
Revenue | $7.628M | $4.493M | $4.879M |
YoY Change | 56.34% | 564.64% | 621.75% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $11.64M | $9.850M | $8.910M |
YoY Change | 30.64% | 30.12% | 33.58% |
% of Gross Profit | |||
Research & Development | $41.61M | $32.88M | $32.55M |
YoY Change | 27.83% | 63.61% | 70.4% |
% of Gross Profit | |||
Depreciation & Amortization | $1.860M | $1.460M | $1.230M |
YoY Change | 51.22% | 143.33% | 251.43% |
% of Gross Profit | |||
Operating Expenses | $53.25M | $42.73M | $41.45M |
YoY Change | 28.45% | 54.42% | 60.85% |
Operating Profit | -$45.62M | -$38.23M | -$36.57M |
YoY Change | 24.73% | 45.08% | 48.23% |
Interest Expense | $1.540M | $1.060M | $4.000K |
YoY Change | 38400.0% | 105900.0% | -99.17% |
% of Operating Profit | |||
Other Income/Expense, Net | $2.130M | -$460.0K | $679.0K |
YoY Change | 213.7% | -204.31% | -1231.67% |
Pretax Income | -$41.94M | -$37.63M | -$35.89M |
YoY Change | 16.84% | 45.22% | 47.99% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$41.94M | -$37.63M | -$35.89M |
YoY Change | 16.85% | 47.61% | 45.93% |
Net Earnings / Revenue | -549.84% | -837.55% | -735.68% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$1.224M | -$1.283M | -$1.232M |
COMMON SHARES | |||
Basic Shares Outstanding | 34.26M | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2019 Q2 | 2018 Q3 | 2018 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $252.9M | $210.5M | $241.4M |
YoY Change | 4.76% | 24.93% | 22.29% |
Cash & Equivalents | $252.9M | $210.5M | $245.0M |
Short-Term Investments | |||
Other Short-Term Assets | $16.70M | $12.70M | $11.20M |
YoY Change | 49.11% | 135.19% | 194.74% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $20.00M | $10.00M | $15.00M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $289.6M | $233.2M | $267.7M |
YoY Change | 8.18% | 34.15% | 33.05% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $38.36M | $37.70M | $32.40M |
YoY Change | 18.4% | 53.35% | 55.77% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $8.700M | $3.700M | $3.700M |
YoY Change | 135.14% | 0.0% | -15.91% |
Total Long-Term Assets | $95.96M | $91.40M | $86.07M |
YoY Change | 11.49% | 223.52% | 241.54% |
TOTAL ASSETS | |||
Total Short-Term Assets | $289.6M | $233.2M | $267.7M |
Total Long-Term Assets | $95.96M | $91.40M | $86.07M |
Total Assets | $385.5M | $324.6M | $353.7M |
YoY Change | 9.0% | 60.62% | 56.23% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $11.46M | $12.00M | $7.200M |
YoY Change | 59.22% | 155.05% | -10.0% |
Accrued Expenses | $14.70M | $9.500M | $8.500M |
YoY Change | 72.94% | 35.71% | 84.78% |
Deferred Revenue | $97.96M | $103.2M | $27.29M |
YoY Change | 258.92% | ||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $0.00 | ||
YoY Change | |||
Total Short-Term Liabilities | $124.1M | $125.8M | $43.80M |
YoY Change | 183.3% | 733.11% | 180.77% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $1.897M | $1.495M | $1.533M |
YoY Change | 23.74% | -88.67% | -89.13% |
Total Long-Term Liabilities | $93.37M | $84.30M | $162.8M |
YoY Change | -42.65% | 538.65% | 1054.55% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $124.1M | $125.8M | $43.80M |
Total Long-Term Liabilities | $93.37M | $84.30M | $162.8M |
Total Liabilities | $217.4M | $210.1M | $206.6M |
YoY Change | 5.26% | 639.78% | 597.88% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$425.9M | -$301.8M | -$264.2M |
YoY Change | 61.19% | ||
Common Stock | $538.5M | $374.5M | $373.2M |
YoY Change | 44.32% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $160.2M | $106.6M | $139.3M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $385.5M | $324.6M | $353.7M |
YoY Change | 8.99% | 60.6% | 56.25% |
Cashflow Statement
Concept | 2019 Q2 | 2018 Q3 | 2018 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$41.94M | -$37.63M | -$35.89M |
YoY Change | 16.85% | 47.61% | 45.93% |
Depreciation, Depletion And Amortization | $1.860M | $1.460M | $1.230M |
YoY Change | 51.22% | 143.33% | 251.43% |
Cash From Operating Activities | -$32.93M | -$29.01M | $71.40M |
YoY Change | -146.12% | 23.92% | -455.4% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$1.600M | -$3.390M | -$1.930M |
YoY Change | -17.1% | -39.57% | -65.29% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$1.600M | -$3.390M | -$1.930M |
YoY Change | -17.1% | -39.57% | -65.29% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -160.0K | 1.350M | 61.56M |
YoY Change | -100.26% | 2150.0% | -34.19% |
NET CHANGE | |||
Cash From Operating Activities | -32.93M | -29.01M | 71.40M |
Cash From Investing Activities | -1.600M | -3.390M | -1.930M |
Cash From Financing Activities | -160.0K | 1.350M | 61.56M |
Net Change In Cash | -34.69M | -31.05M | 131.0M |
YoY Change | -126.47% | 7.22% | 93.0% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$32.93M | -$29.01M | $71.40M |
Capital Expenditures | -$1.600M | -$3.390M | -$1.930M |
Free Cash Flow | -$31.33M | -$25.62M | $73.33M |
YoY Change | -142.72% | 43.93% | -604.68% |
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CY2019Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.085 | |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
1442000 | |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
5846000 | |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
6021000 | |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
6201000 | |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
5236000 | |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
20927000 | |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
45673000 | |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
12376000 | |
CY2019Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
33297000 |