2013 Q1 Form 10-Q Financial Statement

#000110465913040195 Filed on May 10, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1 2010
Revenue $1.251M $39.32M $448.0K
YoY Change -96.82% 11961.96% -68.56%
Cost Of Revenue $557.0K $55.00K $23.67M
YoY Change 912.73% -3.27%
Gross Profit $694.0K $39.27M -$23.23M
YoY Change -98.23% 11799.09% 0.78%
Gross Profit Margin 55.48% 99.86% -5185.27%
Selling, General & Admin $3.312M $3.980M $15.71M
YoY Change -16.78% 5.01% 0.2%
% of Gross Profit 477.23% 10.14%
Research & Development $4.860M $6.050M
YoY Change -19.67% -2.42%
% of Gross Profit 700.29% 15.41%
Depreciation & Amortization $295.0K $379.0K $1.647M
YoY Change -22.16% -0.26% -39.76%
% of Gross Profit 42.51% 0.97%
Operating Expenses $3.312M $10.02M $15.71M
YoY Change -66.95% 0.3% 0.2%
Operating Profit -$6.731M $28.82M -$38.94M
YoY Change -123.35% -398.37% 0.54%
Interest Expense $10.00K $17.00K $136.0K
YoY Change -41.18% -15.0% -82.38%
% of Operating Profit 0.06%
Other Income/Expense, Net $22.00K
YoY Change
Pretax Income -$6.760M $28.84M -$38.80M
YoY Change -123.44% -399.17% 2.21%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$6.760M $28.84M -$38.80M
YoY Change -123.44% -399.17% 2.21%
Net Earnings / Revenue -540.37% 73.34% -8660.71%
Basic Earnings Per Share -$0.20 $0.84 -$1.45
Diluted Earnings Per Share -$0.20 $0.84 -$1.45
COMMON SHARES
Basic Shares Outstanding 34.35M shares 34.14M shares 26.77M shares
Diluted Shares Outstanding 34.35M shares 34.27M shares 26.77M shares

Balance Sheet

Concept 2013 Q1 2012 Q1 2010
SHORT-TERM ASSETS
Cash & Short-Term Investments $37.70M $66.00M $61.60M
YoY Change -42.88% 27.17% -33.19%
Cash & Equivalents $20.51M $9.604M $12.50M
Short-Term Investments $17.20M $56.30M $49.00M
Other Short-Term Assets $700.0K $700.0K $800.0K
YoY Change 0.0% 0.0% 0.0%
Inventory $3.624M $3.000M
Prepaid Expenses
Receivables $777.0K $700.0K $800.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $43.75M $70.40M $63.30M
YoY Change -37.85% 30.86% -32.23%
LONG-TERM ASSETS
Property, Plant & Equipment $1.120M $2.000M $2.800M
YoY Change -44.0% -25.93% -20.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00 $0.00
YoY Change
Other Assets $95.00K $700.0K $700.0K
YoY Change -86.43% 0.0% 0.0%
Total Long-Term Assets $1.809M $2.700M $3.500M
YoY Change -33.0% -20.59% -16.67%
TOTAL ASSETS
Total Short-Term Assets $43.75M $70.40M $63.30M
Total Long-Term Assets $1.809M $2.700M $3.500M
Total Assets $45.56M $73.10M $66.80M
YoY Change -37.67% 27.8% -31.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $92.00K $200.0K $200.0K
YoY Change -54.0% -66.67%
Accrued Expenses $2.679M $2.700M $4.100M
YoY Change -0.78% -3.57% 10.81%
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 $3.908M $3.300M $6.400M
YoY Change 18.42% -32.65% 39.13%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $134.0K $300.0K $36.70M
YoY Change -55.33% -99.18% -3.17%
Total Long-Term Liabilities $134.0K $300.0K $36.70M
YoY Change -55.33% -99.18% -3.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.908M $3.300M $6.400M
Total Long-Term Liabilities $134.0K $300.0K $36.70M
Total Liabilities $4.056M $3.600M $43.10M
YoY Change 12.67% -91.39% 1.41%
SHAREHOLDERS EQUITY
Retained Earnings -$248.8M
YoY Change
Common Stock $290.3M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $41.51M $69.50M $23.70M
YoY Change
Total Liabilities & Shareholders Equity $45.56M $73.10M $66.80M
YoY Change -37.67% 27.8% -31.56%

Cashflow Statement

Concept 2013 Q1 2012 Q1 2010
OPERATING ACTIVITIES
Net Income -$6.760M $28.84M -$38.80M
YoY Change -123.44% -399.17% 2.21%
Depreciation, Depletion And Amortization $295.0K $379.0K $1.647M
YoY Change -22.16% -0.26% -39.76%
Cash From Operating Activities -$8.500M -$12.26M -$32.00M
YoY Change -30.67% 30.98% 24.22%
INVESTING ACTIVITIES
Capital Expenditures $64.00K $148.0K $906.0K
YoY Change -56.76% -146.25% -55.08%
Acquisitions
YoY Change
Other Investing Activities $14.51M $720.0K $32.28M
YoY Change 1915.28% -95.8% -291.69%
Cash From Investing Activities $14.44M $570.0K $31.38M
YoY Change 2433.33% -96.62% -266.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.00K 10.00K 2.340M
YoY Change 0.0% -75.0% -91.99%
NET CHANGE
Cash From Operating Activities -8.500M -12.26M -32.00M
Cash From Investing Activities 14.44M 570.0K 31.38M
Cash From Financing Activities 10.00K 10.00K 2.340M
Net Change In Cash 5.950M -11.68M 1.720M
YoY Change -150.94% -255.11% -111.18%
FREE CASH FLOW
Cash From Operating Activities -$8.500M -$12.26M -$32.00M
Capital Expenditures $64.00K $148.0K $906.0K
Free Cash Flow -$8.564M -$12.41M -$32.91M
YoY Change -30.98% 37.26% 18.46%

Facts In Submission

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CY2013Q1 mblx Increase Decrease In Deferred Rent And Other Long Term Liabilities
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CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2012Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2012Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2013Q1 us-gaap Payments To Acquire Short Term Investments
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CY2013Q1 us-gaap Proceeds From Stock Options Exercised
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CY2012Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2013Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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CY2012Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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CY2013Q1 us-gaap Net Cash Provided By Used In Continuing Operations
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CY2012Q1 us-gaap Net Cash Provided By Used In Continuing Operations
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CY2010 us-gaap Sales Revenue Net
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CY2013Q1 us-gaap Inventory Raw Materials Net Of Reserves
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CY2013Q1 us-gaap Inventory Work In Process Net Of Reserves
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CY2013Q1 us-gaap Inventory Finished Goods Net Of Reserves
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CY2012Q4 us-gaap Inventory Raw Materials Net Of Reserves
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CY2012Q4 us-gaap Inventory Work In Process Net Of Reserves
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2000 USD
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CY2013Q1 us-gaap Restructuring And Related Cost Cost Incurred To Date
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859000 USD
CY2013Q1 us-gaap Available For Sale Securities Amortized Cost
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34840000 USD
CY2013Q1 us-gaap Availableforsale Securities Gross Unrealized Gain
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6000 USD
CY2013Q1 us-gaap Available For Sale Securities Fair Value Disclosure
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34846000 USD
CY2012Q4 us-gaap Available For Sale Securities Amortized Cost
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CY2012Q4 us-gaap Available For Sale Securities Fair Value Disclosure
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P3Y
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0 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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0 USD
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CY2012Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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252000 USD
CY2013Q1 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
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CY2013Q1 us-gaap Dilutive Securities
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CY2013Q1 mblx Provision For Income Taxes For Undistributed Earnings Of Foreign Subsidiaries
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0 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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21277000 USD
CY2012Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2012Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
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CY2013Q1 us-gaap Concentration Risk Credit Risk
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CY2013Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y11M12D
CY2013Q1 us-gaap Segment Reporting Information Revenue
SegmentReportingInformationRevenue
1943000 USD
CY2012Q1 us-gaap Segment Reporting Information Revenue
SegmentReportingInformationRevenue
39322000 USD
CY2013Q1 us-gaap Nonoperating Income Expense
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12000 USD
CY2012Q1 mblx License And Royalty Revenue
LicenseAndRoyaltyRevenue
45000 USD
CY2013Q1 us-gaap Investments And Cash
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37709000 USD
CY2013Q1 mblx Minimum Period For Which Cash Cash Equivalents Investments And Cash From Expected Product Sales Is Sufficient To Meet Projected Operating Requirements
MinimumPeriodForWhichCashCashEquivalentsInvestmentsAndCashFromExpectedProductSalesIsSufficientToMeetProjectedOperatingRequirements
P12M
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
42126 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
58686 shares
CY2013Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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3.67
CY2013Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
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5.30
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0092 pure
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.85 pure
CY2013Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 item
CY2013Q1 us-gaap Restructuring Reserve
RestructuringReserve
0 USD
CY2013Q1 us-gaap Deferred Revenue
DeferredRevenue
508000 USD
CY2012Q4 us-gaap Deferred Revenue
DeferredRevenue
257000 USD

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