2013 Q2 Form 10-Q Financial Statement

#000110465913037564 Filed on May 06, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2013 Q1 2012 Q1
Revenue $47.50M $40.73M $55.01M
YoY Change -19.65% -25.96% -40.96%
Cost Of Revenue $30.76M $27.78M $34.47M
YoY Change -15.31% -19.4% -44.48%
Gross Profit $16.74M $12.94M $20.54M
YoY Change -26.55% -36.97% -33.93%
Gross Profit Margin 35.24% 31.78% 37.33%
Selling, General & Admin $12.01M $11.79M $14.38M
YoY Change -5.61% -18.02% -14.77%
% of Gross Profit 71.73% 91.1% 70.03%
Research & Development $8.503M $9.206M $11.70M
YoY Change -18.85% -21.32% -1.0%
% of Gross Profit 50.8% 71.13% 56.97%
Depreciation & Amortization $1.330M $1.394M $1.896M
YoY Change -23.12% -26.48% 0.74%
% of Gross Profit 7.95% 10.77% 9.23%
Operating Expenses $20.13M $22.43M $28.93M
YoY Change -13.79% -22.47% 0.84%
Operating Profit -$3.394M -$9.487M -$8.396M
YoY Change 503.91% 12.99% -451.44%
Interest Expense $51.00K $0.00 $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net -$362.0K $832.0K -$915.0K
YoY Change -164.64% -190.93% 106.08%
Pretax Income -$3.756M -$8.655M -$9.311M
YoY Change 187700.0% -7.05% -578.71%
Income Tax $263.0K $333.0K $717.0K
% Of Pretax Income
Net Earnings -$4.000M -$9.000M -$10.00M
YoY Change 700.0% -10.0% -655.56%
Net Earnings / Revenue -8.42% -22.1% -18.18%
Basic Earnings Per Share -$0.08
Diluted Earnings Per Share -$147.6K -$0.08 -$373.1K
COMMON SHARES
Basic Shares Outstanding 108.3M shares 108.2M shares
Diluted Shares Outstanding 108.2M shares

Balance Sheet

Concept 2013 Q2 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $34.60M $42.40M $37.20M
YoY Change 2.37% 13.98% -16.96%
Cash & Equivalents $34.64M $42.44M $37.22M
Short-Term Investments
Other Short-Term Assets $6.100M $5.600M $10.50M
YoY Change -40.2% -46.67% -4.55%
Inventory $96.41M $98.73M $128.7M
Prepaid Expenses
Receivables $30.22M $23.15M $30.50M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $167.4M $169.9M $206.9M
YoY Change -18.58% -17.88% -9.68%
LONG-TERM ASSETS
Property, Plant & Equipment $32.96M $33.66M $36.50M
YoY Change -7.92% -7.77% -4.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.41M $12.35M $12.40M
YoY Change 15.57% -0.39% -34.39%
Total Long-Term Assets $46.37M $46.02M $48.88M
YoY Change -2.17% -5.86% -14.55%
TOTAL ASSETS
Total Short-Term Assets $167.4M $169.9M $206.9M
Total Long-Term Assets $46.37M $46.02M $48.88M
Total Assets $213.8M $216.0M $255.8M
YoY Change -15.51% -15.58% -10.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.19M $13.79M $17.90M
YoY Change -8.02% -22.94% -53.02%
Accrued Expenses $6.600M $8.900M $9.100M
YoY Change -16.46% -2.2% -29.46%
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 $34.55M $34.07M $42.10M
YoY Change -15.31% -19.07% -38.72%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.829M $5.713M $7.200M
YoY Change -10.32% -20.65% -4.0%
Total Long-Term Liabilities $5.829M $5.713M $7.200M
YoY Change -10.32% -20.65% -4.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $34.55M $34.07M $42.10M
Total Long-Term Liabilities $5.829M $5.713M $7.200M
Total Liabilities $40.64M $40.10M $49.39M
YoY Change -14.26% -18.8% -35.19%
SHAREHOLDERS EQUITY
Retained Earnings -$335.5M -$331.5M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.218M $1.218M
YoY Change
Treasury Stock Shares 120.0K shares 120.0K shares
Shareholders Equity $173.1M $175.9M $206.4M
YoY Change
Total Liabilities & Shareholders Equity $213.8M $216.0M $255.8M
YoY Change -15.51% -15.58% -10.65%

Cashflow Statement

Concept 2013 Q2 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income -$4.000M -$9.000M -$10.00M
YoY Change 700.0% -10.0% -655.56%
Depreciation, Depletion And Amortization $1.330M $1.394M $1.896M
YoY Change -23.12% -26.48% 0.74%
Cash From Operating Activities -$8.920M -$1.880M -$9.700M
YoY Change 210.8% -80.62% 701.65%
INVESTING ACTIVITIES
Capital Expenditures -$190.0K $150.0K $141.0K
YoY Change -24.0% 6.38% -76.89%
Acquisitions
YoY Change
Other Investing Activities $800.0K $400.0K $0.00
YoY Change -100.0%
Cash From Investing Activities $620.0K $250.0K -$140.0K
YoY Change -358.33% -278.57% -77.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 350.0K 50.00K 980.0K
YoY Change 600.0% -94.9% 122.73%
NET CHANGE
Cash From Operating Activities -8.920M -1.880M -9.700M
Cash From Investing Activities 620.0K 250.0K -140.0K
Cash From Financing Activities 350.0K 50.00K 980.0K
Net Change In Cash -7.950M -1.580M -8.860M
YoY Change 159.8% -82.17% 537.41%
FREE CASH FLOW
Cash From Operating Activities -$8.920M -$1.880M -$9.700M
Capital Expenditures -$190.0K $150.0K $141.0K
Free Cash Flow -$8.730M -$2.030M -$9.841M
YoY Change 233.21% -79.37% 440.71%

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CY2013Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
505478000 USD
CY2013Q1 us-gaap Treasury Stock Value
TreasuryStockValue
1218000 USD
CY2013Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-331465000 USD
CY2013Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
2950000 USD
CY2013Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1394000 USD
CY2013Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
56000 USD
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
839000 USD
CY2013Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1458000 USD
CY2013Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1672000 USD
CY2013Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
544000 USD
CY2013Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
5043000 USD
CY2013Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-843000 USD
CY2013Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
84000 USD
CY2013Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
549000 USD
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
150000 USD
CY2013Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-3000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2070000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost Recognized In Net Periodic Pension Cost Net Of Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicPensionCostNetOfTax
-8000 USD
CY2012Q1 acls Charges Related To Below Normal Production Capacity
ChargesRelatedToBelowNormalProductionCapacity
0 USD

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