FLXN (FLXN)
Horizon Flexible Income ETF
NASDAQ:FLXNFinancial Services · Asset Management - Bonds
-0.13%$23.85
CLOSED · Nov 6Prev close$23.88-0.13%Close$23.850.00%AH close$23.85
AH$23.85+0.00%vs close
Mkt Cap-
Float-
O/S-
VOL12K sh
$ Vol$277K
RVOL0.14×
Inst Own-
Div Yield11.50%
Dilution
Financials Summary
Revenue$85.55M
Net Income-$113.71M
Total Assets$251.93M
Free Cash Flow-$80.63M
Debt & Equity
Debt 108%
Total Debt$225.23M
Total Equity-$16.66M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in FLXN's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$251.93M
Liabilities$268.59M
Accounts Receivable$30.27M
Accounts Payable$6.93M
Inventory$15.39M
PP&E (Net)$26.11M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
| Revenue | $85.55M | $72.96M | $22.52M | $355K | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | 17.3% | 223.9% | 6244.8% | - | - | - | - | - | - | - |
| Cost of Revenue | $19.25M | $9.96M | $7.34M | $4K | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $66.3M | $63M | $15.19M | $351K | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Margin | 77.5% | 86.3% | 67.4% | 98.9% | - | - | - | - | - | - |
| Research and Development | $54.33M | $69.56M | $53.08M | $51.23M | $41.31M | $32.69M | $17.92M | $11.06M | $11.07M | $8.24M |
| Selling, General, and Administrative | $105M | $129.71M | $121.31M | $78.8M | $28.47M | $13.37M | $9.06M | $6.7M | $3.95M | $3.05M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $159.32M | $199.27M | $174.39M | $130.03M | $69.78M | $46.06M | $26.99M | $17.77M | $15.01M | $11.29M |
| Operating Income (EBIT) | -$93.02M | -$136.27M | -$159.2M | -$129.68M | -$69.78M | -$46.06M | -$26.99M | -$17.77M | -$15.01M | -$11.29M |
| Operating Margin | -108.7% | -186.8% | -706.8% | -36529.9% | - | - | - | - | - | - |
| Interest Expense | $20.03M | $17.07M | $15.71M | $11.27M | $1.75M | $571K | $401K | $449K | $0 | $0 |
| Interest Income | $876K | $3.21M | $4.57M | $3.72M | $1.52M | $1.25M | $479K | $234K | $194K | $173K |
| Other Income (Expense) | -$20.19M | -$13.5M | -$10.46M | -$7.8M | -$2.11M | -$252K | -$326K | -$422K | $30K | -$159K |
| Income Before Tax (EBT) | -$113.21M | -$149.77M | -$169.66M | -$137.48M | -$71.89M | -$46.32M | -$27.31M | -$18.19M | -$14.98M | -$11.45M |
| Income Tax Expense | $495K | $0 | $0 | $0 | -$366K | $319K | $75K | $27K | $30K | $0 |
| Net Income | -$113.71M | -$149.77M | -$169.66M | -$137.48M | -$71.89M | -$46.32M | -$27.31M | -$18.19M | -$14.98M | -$11.45M |
| Net Income Margin | -132.9% | -205.3% | -753.2% | -38727.0% | - | - | - | - | - | - |
| Supplementary Data | ||||||||||
| EPS | -2.66 | -3.93 | -4.49 | -4.16 | -2.84 | -2.15 | -1.97 | -1.23 | -2.04 | -1.18 |
| Diluted EPS | -2.66 | -3.93 | -4.49 | -4.16 | -2.84 | -2.15 | -1.97 | -1.23 | -2.04 | -1.18 |
| Weighted Average OS | 42.78M | 38.09M | 37.75M | 33.03M | 25.30M | 21.50M | 13.89M | 14.75M | 7.34M | 9.74M |
| EBITDA | -$89.84M | -$130.31M | -$152.23M | -$124.2M | -$69M | -$45.51M | -$26.79M | -$17.66M | -$14.94M | -$11.34M |
| EBITDA Margin | -105.0% | -178.6% | -675.9% | -34987.3% | - | - | - | - | - | - |
Balance Sheet
| Period | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
| Assets | ||||||||||
| Current Assets | ||||||||||
| Cash and Cash Equivalents | $107.7M | $82.25M | $87.23M | $127.79M | $30.92M | $62.94M | $103.1M | $16.19M | $12.84M | $3.36M |
| Short-Term Investments | $67.58M | $54.41M | $171.56M | $264.59M | $174.69M | $48.3M | $48.53M | $250K | $16.55M | $7.18M |
| Cash and Short-Term Investments | $175.28M | $136.66M | $258.78M | $392.38M | $205.6M | $111.25M | $151.62M | $16.44M | $29.38M | $10.54M |
| Accounts Receivable | $30.27M | $37.35M | $13.84M | $1.39M | $605K | $537K | $217K | $33K | $139K | $72K |
| Inventory | $15.39M | $16.53M | $7.64M | $1.8M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $4.87M | $5.13M | $4.78M | $2.42M | $3.18M | $319K | $286K | $149K | $349K | $194K |
| Total Current Assets | $225.81M | $195.68M | $285.04M | $397.99M | $209.39M | $112.1M | $152.13M | $16.62M | $29.87M | $10.81M |
| Long-Term Assets | ||||||||||
| Property, Plant & Equipment Net | $26.11M | $21.89M | $10.71M | $11.19M | $11.66M | $7.44M | $1.11M | $375K | $64K | $72K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $67.58M | $0 | $0 | $31.54M | $4.73M | $7.36M | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | -$67.58M | $0 | $0 | $600K | $480K | $236K | $140K | $1.78M | $72K | $58K |
| Total Long-Term Assets | $26.11M | $21.89M | $10.71M | $43.33M | $16.87M | $15.04M | $1.25M | $2.16M | $136K | $130K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $251.93M | $217.56M | $295.75M | $441.32M | $226.26M | $127.14M | $153.38M | $18.78M | $30.01M | $10.94M |
| Liabilities | ||||||||||
| Current Liabilities | ||||||||||
| Accounts Payable | $6.93M | $15.26M | $12.34M | $6.22M | $2.16M | $3.69M | $1.58M | $1.28M | $484K | $660K |
| Short-Term Debt | $18.33M | $1.35M | $9.97M | $9.97M | $9.13M | $0 | $2M | $1.5M | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $10M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $20.01M | $19.61M | $14.31M | $14.38M | $6.25M | $4.37M | $3.21M | $2.26M | $2.24M | $1.12M |
| Total Current Liabilities | $55.27M | $36.22M | $36.62M | $30.57M | $17.54M | $8.06M | $6.8M | $5.04M | $2.72M | $1.78M |
| Long-Term Liabilities | ||||||||||
| Long-Term Debt | $206.9M | $193.59M | $148.52M | $150.04M | $21.4M | $15M | $1.59M | $3.55M | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $6.42M | $7.86M | $537K | $428K | $291K | $91K | $43K | $74.9M | $74.81M | $41.84M |
| Total Long-Term Liabilities | $213.32M | $201.45M | $149.06M | $150.47M | $21.69M | $15.09M | $1.64M | $78.44M | $74.81M | $41.84M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $268.59M | $237.67M | $185.67M | $181.04M | $39.23M | $23.15M | $8.43M | $83.48M | $77.53M | $43.62M |
| Stockholders' Equity | ||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $49K | $38K | $38K | $38K | $32K | $22K | $21K | $794 | $789 | $530 |
| Retained Earnings | -$782.3M | -$668.6M | -$518.83M | -$349.17M | -$211.69M | -$139.79M | -$93.48M | -$66.16M | -$47.98M | -$32.99M |
| Comprehensive Income & Other | -$11K | $62K | -$77K | -$407K | -$71K | -$97K | -$5K | -$28 | $2K | $803 |
| Other Stockholders' Equity | $765.6M | $648.45M | $628.87M | $609.4M | $398.69M | $243.76M | $238.4M | $1.46M | $453K | $313K |
| Total Equity | -$16.66M | -$20.11M | $110.08M | $260.27M | $187.03M | $103.99M | $144.94M | -$64.7M | -$47.52M | -$32.68M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $251.93M | $217.56M | $295.75M | $441.32M | $226.26M | $127.14M | $153.38M | $18.78M | $30.01M | $10.94M |
| Supplementary Data | ||||||||||
| Total Debt | $225.23M | $194.94M | $158.49M | $160.01M | $30.53M | $63.3M | $3.59M | $5.05M | $0 | $0 |
| Net Debt | $117.53M | $112.69M | $71.26M | $32.22M | -$383K | $361K | -$99.5M | -$11.14M | -$12.84M | -$3.36M |
Cash Flow Statement
| Period | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
| Operating Activities | ||||||||||
| Net Income | -$113.71M | -$149.77M | -$169.66M | -$137.48M | -$71.89M | -$46.32M | -$27.31M | -$18.19M | -$14.98M | -$11.45M |
| Depreciation & Amortization | $3.34M | $2.4M | $1.71M | $2.01M | $1.15M | $238K | $120K | $80K | $43K | $106K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $18.58M | $15.9M | $15.46M | $11.54M | $6.77M | $4.58M | $2.45M | $996K | $96K | $83K |
| Changes in Working Capital: | ||||||||||
| Accounts Receivable | $7.09M | -$23.99M | -$12.71M | -$410K | $95K | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$922K | -$7.67M | -$5.24M | -$1.8M | $2.77M | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$6.56M | $1.7M | $5.14M | $4.19M | -$993K | $1.58M | $518K | $476K | -$176K | $507K |
| Other Working Capital | $9.22M | $4.42M | -$1.39M | $9.82M | -$2.87M | -$97K | $697K | $220K | $901K | $111K |
| Total Working Capital Change | $8.83M | -$25.54M | -$14.2M | $11.8M | -$1M | $1.48M | $1.22M | $695K | $725K | $618K |
| Other Non-Cash Items | $12.4M | $8.26M | $6.27M | $4.3M | $2.51M | $1.06M | $383K | $228K | $137K | $290K |
| Net Cash from Operating | -$70.56M | -$148.76M | -$160.42M | -$107.83M | -$62.47M | -$38.95M | -$23.14M | -$16.19M | -$13.98M | -$10.35M |
| Investing Activities | ||||||||||
| Capital Expenditures | -$10.07M | -$3.89M | -$852K | -$2.15M | -$8.44M | -$5.2M | -$802K | -$405K | -$35K | -$40K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$79.62M | -$115.47M | -$222.48M | -$356.75M | -$196.06M | -$145.8M | -$79.38M | -$15.02M | -$28.47M | -$16.82M |
| Sales of Investments | $66.9M | $234.12M | $348.92M | $240.23M | $72.15M | $137.7M | $30.73M | $31.16M | $18.97M | $12.75M |
| Other Investing Activities | $25K | $0 | $0 | -$120K | -$400K | $48K | $0 | -$98K | $0 | $0 |
| Net Cash from Investing | -$22.76M | $114.76M | $125.58M | -$118.79M | -$132.75M | -$13.24M | -$49.45M | $15.64M | -$9.53M | -$4.1M |
| Financing Activities | ||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $97.29M | $0 | $0 | $132.67M | $147.89M | $0 | $162.14M | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $118.78M | $29.02M | -$6.33M | $323.5M | $163.2M | $12.04M | $159.51M | $3.9M | $32.99M | $13M |
| Net Cash from Financing | $118.78M | $29.02M | -$6.33M | $323.5M | $163.2M | $12.04M | $159.51M | $3.9M | $32.99M | $13M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $25.45M | -$4.98M | -$41.16M | $96.87M | -$32.03M | -$40.15M | $86.91M | $3.35M | $9.48M | -$1.45M |
| Supplementary Data | ||||||||||
| Operating Cash Flow | -$70.56M | -$148.76M | -$160.42M | -$107.83M | -$62.47M | -$38.95M | -$23.14M | -$16.19M | -$13.98M | -$10.35M |
| Capital Expenditure | -$10.07M | -$3.89M | -$852K | -$2.15M | -$8.44M | -$5.2M | -$802K | -$405K | -$35K | -$40K |
| Free Cash Flow | -$80.63M | -$152.65M | -$161.27M | -$109.98M | -$70.91M | -$44.15M | -$23.95M | -$16.59M | -$14.01M | -$10.39M |
| Cash at Beginning | $82.25M | $87.23M | $128.39M | $30.91M | $62.94M | $103.1M | $16.19M | $12.84M | $3.36M | $4.81M |
| Cash at End | $107.7M | $82.25M | $87.23M | $127.79M | $30.92M | $62.94M | $103.1M | $16.19M | $12.84M | $3.36M |