Advanced emissions solutions, inc. (ADES)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Sep'12Jun'12
Revenues:
Total revenues

12,263

16,047

19,133

15,577

19,329

10,626

5,147

4,273

3,899

-

5,098

27,331

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Chemicals

-

-

-

-

-

-

-

-

-

-

-

-

2,281

1,308

670

613

434

45

132

343

368

-3,129

1,499

1,272

749

583

2,669

2,218

1,320

-

-

License royalties, related party

-

-

-

-

-

-

-

-

-

-

-

-

1,755

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equipment sales

-

-

-

-

-

-

-

-

-

-

-

-

5,108

2,140

14,869

8,213

21,727

12,660

12,088

14,236

21,115

2,549

7,496

1,796

203

459

557

4,130

601

-

-

Consulting services and other

-

-

-

-

-

-

-

-

-

-

-

-

-

156

171

125

196

497

665

316

274

4,274

77

106

31

186

244

79

240

-

-

Refined coal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

70,197

48,351

Emission control

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,480

3,965

CO2 capture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

676

195

Total revenues

-

-

-

-

-

-

-

-

-

-

-

-

9,144

3,604

15,710

8,951

22,357

13,202

12,885

14,895

21,757

3,694

9,072

3,174

983

1,228

3,470

6,427

2,161

74,353

52,511

Operating expenses:
Chemicals cost of revenue, exclusive of depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

1,758

834

469

255

142

29

105

41

426

-1,529

704

654

311

183

1,779

1,264

601

-

-

Equipment sales cost of revenue, exclusive of depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

4,143

2,566

12,704

5,437

17,034

6,770

9,914

13,698

15,051

2,337

5,737

1,079

124

526

4,045

3,167

1,721

67,269

41,908

Emission control

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,683

3,087

Consulting services and other cost of revenue, exclusive of depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

78

86

77

135

425

591

264

238

2,096

71

20

16

49

146

51

136

444

82

Payroll and benefits

2,742

2,089

2,651

2,798

2,556

3,111

2,555

2,759

2,214

1,775

1,679

2,033

2,182

1,823

2,809

3,956

3,802

4,487

4,445

9,746

4,911

5,473

6,438

4,609

4,247

5,417

3,464

3,578

3,769

-

-

Operating Leases, Rent Expense

-

-

-

-

-

-

-

-

-

240

255

255

45

634

508

632

394

1,481

596

601

631

684

667

558

559

517

520

564

527

-

-

Legal and professional fees

2,043

4,420

1,755

1,569

2,204

5,093

698

1,213

1,548

1,038

1,062

1,219

1,035

1,713

1,615

1,982

2,983

5,058

3,424

4,387

3,735

6,942

3,560

2,495

1,433

1,225

976

1,316

1,017

-

-

Total cost of revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

70,396

45,077

Gross Margin before Depreciation and Amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,957

7,434

General and administrative

2,331

652

3,136

2,421

1,914

1,080

834

1,094

1,170

1,242

1,114

395

1,263

812

818

1,346

745

1,470

1,249

1,503

1,882

2,085

1,428

1,407

1,146

1,522

839

1,000

740

5,173

4,040

Research and development, net

-

-

-

-

-

-

-

-

-

-

-

-

192

19

-524

-345

202

230

2,022

1,860

1,250

649

277

316

279

306

973

536

1,422

882

618

Depreciation, amortization, depletion and accretion

2,297

2,469

2,043

757

2,102

461

74

72

116

102

87

118

482

387

138

223

231

387

528

573

531

502

469

456

438

455

434

369

390

1,239

1,181

Total operating expenses

20,904

20,734

21,524

19,837

22,884

13,777

5,115

5,842

5,611

4,853

6,238

27,315

11,100

8,866

18,623

13,563

25,668

20,337

22,874

32,673

28,655

19,239

19,351

11,594

8,553

10,200

13,176

11,845

10,323

7,294

5,839

Operating loss

-8,641

-4,687

-2,391

-4,260

-3,555

-3,151

32

-1,569

-1,712

-1,062

-1,140

16

-1,956

-5,262

-2,913

-4,612

-3,311

-7,135

-9,989

-17,778

-6,898

-15,545

-10,279

-8,420

-7,570

-8,972

-9,706

-5,418

-8,162

-3,337

1,595

Other income (expense):
Income (Loss) from Equity Method Investments

8,273

12,125

14,426

20,935

21,690

16,351

9,715

15,889

12,253

17,754

12,120

10,155

13,814

15,518

10,735

13,754

5,577

3,788

-41

4,860

314

20,693

5,603

9,791

6,625

3,095

9,684

2,400

323

232

132

Royalties, related party

-

-

-

-

-

-

-

-

-

-

-

-

-

2,203

2,064

669

1,189

2,876

3,273

2,299

2,194

2,154

2,275

849

1,132

748

730

356

671

-

-

Interest income

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

2

6

-

14

14

19

27

15

21

25

48

-

-

Other income including interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29

42

Interest expense

1,210

1,354

1,729

1,987

2,104

1,004

399

412

336

1,025

678

628

693

560

969

1,573

1,964

3,055

1,778

1,794

1,775

2,523

1,190

1,219

793

603

373

222

140

144

431

Revision in estimated royalty indemnity liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of equity method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

Gain on settlement of note payable and licensed technology

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

Other

43

85

212

60

70

74

86

34

26

-467

-924

507

2,909

-1,474

1,278

-279

2,938

471

-77

23

77

25

-9

1

9

-15

11

-53

13

-

-

Other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

848

469

Total other income

7,106

10,856

12,909

19,008

19,656

15,421

9,402

15,511

11,943

19,585

10,518

10,034

16,030

19,419

13,108

12,571

7,740

4,096

1,379

5,394

810

20,363

6,693

9,441

7,000

3,240

10,073

2,506

915

-731

-726

Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest

-1,535

6,169

10,518

14,748

16,101

12,270

9,434

13,942

10,231

18,523

9,378

10,050

14,074

14,157

10,195

7,959

4,429

-3,039

-8,610

-12,384

-6,088

4,818

-3,586

1,021

-570

-5,732

367

-2,912

-7,247

-4,068

869

Income tax expense

358

-2,929

6,595

6,634

1,699

5,272

3,931

-1,349

2,569

11,538

3,586

3,642

5,386

-61,673

583

99

53

-131

44

63

44

141

113

29

13

147

11

88

217

0

0

Net Income (Loss) Before Non-controlling Interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,068

869

(Income) Loss Attributable to Non-controlling Interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-120

2,167

Net Income (Loss) Attributable to Parent

-1,893

9,098

3,923

8,114

14,402

6,998

5,503

15,291

7,662

6,985

5,792

6,408

8,688

75,830

9,612

7,860

4,376

-2,908

-8,654

-12,447

-6,132

4,677

-3,699

992

-583

-5,879

356

-3,000

-7,464

-3,948

-1,298

(Loss) earnings per common share (Note 1):
Basic (in dollars per share)

-0.11

0.50

0.22

0.45

0.79

0.37

0.28

0.76

0.37

0.34

0.28

0.29

0.39

3.40

0.44

0.36

0.20

-0.12

-0.40

-0.57

-0.28

0.21

-0.17

0.05

-0.03

-0.27

0.02

-0.15

-0.38

-0.39

-

Diluted (in dollars per share)

-0.11

0.50

0.21

0.44

0.78

0.36

0.28

0.75

0.37

0.33

0.28

0.29

0.39

3.36

0.43

0.35

0.20

-0.12

-0.40

-0.57

-0.28

0.22

-0.17

0.04

-0.03

-0.27

0.02

-0.15

-0.38

-0.39

-

Weighted-average number of common shares outstanding:
Net Loss Per Common Share  Basic and Diluted Attributable to ADA-ES, Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.13

Basic (in shares)

17,932

18,064

18,112

18,172

18,268

19,314

19,726

20,062

20,502

20,738

20,808

21,866

22,056

22,260

21,740

21,875

21,849

21,994

21,687

21,715

21,696

21,738

21,536

21,477

21,465

20,660

19,937

19,916

19,899

10,017

10,002

Diluted (in shares)

17,932

18,339

18,339

18,377

18,433

19,477

19,876

20,195

20,584

20,675

20,854

21,880

22,243

22,475

22,098

22,187

22,176

21,994

21,687

21,715

21,696

23,280

21,536

22,035

21,465

20,124

20,473

19,916

19,899

10,017

-

Common Stock, Dividends, Per Share, Declared

-

-

-

-

-

-

-

-

-

0.25

0.25

0.25

0.00

-

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consumables
Total revenues

9,217

-

14,748

11,386

15,109

-

1,043

726

621

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consumables cost of revenue, exclusive of depreciation and amortization

11,491

-

11,939

12,286

14,108

-

954

902

711

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

License royalties, related party
Total revenues

3,046

4,103

4,385

4,191

4,220

4,283

4,104

3,523

3,230

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Product and Service, Other [Member]
Total revenues

-

-

0

0

-

-

0

24

48

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue

-

-

0

6

-

-

0

-198

-148

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-