The company has not filed an annual or quarterly report since its Q1 FY2021 10-Q, filed Feb 9, 2021. Its latest SEC filing is a SC 13G/A from May 7, 2021.
10-Q for Q1 FY2021, filed Feb 9, 2021
The sections below describe the company as of the FY2020 annual report.
Sells testing and simulation systems and software to manufacturers, research organizations and industrial customers, plus precision sensors for industrial and research applications.
10-K for FY2020, filed Dec 15, 2020Our Test & Simulation segment (Test & Simulation) provides testing and simulation solutions including hardware, software and services that…View ↗
This sector consists of automobile, truck, motorcycle, motorsports vehicles, construction equipment, agricultural equipment, rail and…View ↗
This sector covers a diverse range of applications, spanning many different industries, including power generation, aerospace, vehicles and…View ↗
Our Sensors segment (Sensors) is a global leader in sensing technologies and solutions used worldwide by design engineers and predictive…View ↗
Customers may pay for customized test systems in advance or at project milestones; sales are earned as work progresses or when equipment ships, is installed, or accepted. Sensor sales are counted at shipment, and service sales when the service is performed.
10-K for FY2020, filed Dec 15, 2020Test & Simulation revenue is recognized either over time as work progresses or point-in-time, depending on contract-specific terms and the…View ↗
Revenue is recognized point-in-time when either: (i) control is transferred to the customer at a point-in-time when obligations under the…View ↗
For our Test & Simulation contracts with customers, payment terms vary and are subject to negotiation. Typical payment terms include…View ↗
Sensors has finished product inventory, as well as inventories of materials and components to facilitate rapid delivery of product to…View ↗
$828.6M
10-K for FY2020, filed Dec 15, 2020
$828.6M ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Product
|
88%
FY2017: 88%
|
Product, FY2020
$726M Sources
|
|
|
Service
Sold outright
10-K for FY2020, filed Dec 15, 2020 |
12%
FY2017: 12%
|
Service, FY2020
$102.6M Sources
|
Sold outright |
Manufacturers, research organizations and government agencies buy testing and simulation systems through direct sales staff, representatives and distributors. Industrial and research customers buy sensors through direct sales staff and independent distributors.
10-K for FY2020, filed Dec 15, 2020This sector consists of automobile, truck, motorcycle, motorsports vehicles, construction equipment, agricultural equipment, rail and…View ↗
This sector covers a diverse range of applications, spanning many different industries, including power generation, aerospace, vehicles and…View ↗
This sector serves the structural testing and simulation needs and services of our customers in the fields of aerospace, structural…View ↗
Test & Simulation products are sold worldwide through a direct field sales and service organization, independent representatives and…View ↗
Sensors products are sold worldwide through a direct sales and service organization as well as through independent distributors. The direct…View ↗
Not on paper. It lost $272.1M in FY2020, but brought in more cash than it spent: $24M of free cash flow.
10-K for FY2020, filed Dec 15, 2020
−$247.5MView ↗
10-K for FY2020, filed Dec 15, 2020
−$272.1MView ↗
10-K for FY2020, filed Dec 15, 2020
$24MView ↗
10-Q for Q1 FY2021, filed Feb 9, 2021
Open tableView ↗
8-K, filed Apr 7, 2021
At the Effective Time, each share of the Company’s common stock, par value $0.25 per share (“Company Common Stock”) issued and outstanding…View ↗
Grew. Revenue grew 27% in 4 years, from $650.1M in FY2016 to $828.6M in FY2020, about 6% a year.
Broader simulation offering
The latest report describes Test & Simulation as covering human-experience simulation as well as mechanical testing; the earlier report describes testing solutions for characterizing products' mechanical properties.
10-K for FY2017, filed Nov 27, 2017 10-K for FY2020, filed Dec 15, 2020Our Test segment (Test) provides testing solutions including hardware, software and services which are used by customers in product…View ↗
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