2013 Q4 Form 10-Q Financial Statement

#000119312513433119 Filed on November 07, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q4
Revenue $6.744M $6.268M $6.282M
YoY Change 7.35% 0.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.710M $2.530M $1.550M
YoY Change 139.35% 60.13%
% of Gross Profit
Research & Development $15.28M $14.80M $11.23M
YoY Change 36.06% 51.08%
% of Gross Profit
Depreciation & Amortization $300.0K $400.0K $300.0K
YoY Change 0.0% 0.0%
% of Gross Profit
Operating Expenses $18.99M $17.34M $12.78M
YoY Change 48.59% 52.37%
Operating Profit -$12.24M -$11.07M -$6.498M
YoY Change 88.4% 116.61%
Interest Expense $30.00K $10.00K $10.00K
YoY Change 200.0% 0.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$12.21M -$11.06M -$6.490M
YoY Change 88.14% 116.91%
Income Tax $170.0K $121.0K -$1.180M
% Of Pretax Income
Net Earnings -$12.38M -$11.18M -$5.313M
YoY Change 133.05% 140.62%
Net Earnings / Revenue -183.6% -178.32% -84.57%
Basic Earnings Per Share -$0.52
Diluted Earnings Per Share -$395.1K -$0.52 -$1.492M
COMMON SHARES
Basic Shares Outstanding 31.17M shares 22.74M shares
Diluted Shares Outstanding 22.74M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $166.8M $195.0M $128.0M
YoY Change 30.31%
Cash & Equivalents $71.56M $106.0M $91.30M
Short-Term Investments $95.21M $88.90M $36.68M
Other Short-Term Assets $2.500M $3.800M $2.100M
YoY Change 19.05%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $169.7M $198.8M $130.1M
YoY Change 30.43%
LONG-TERM ASSETS
Property, Plant & Equipment $3.758M $3.551M $3.565M
YoY Change 5.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $27.10M $13.40M
YoY Change
Other Assets $4.000K $11.00K $22.00K
YoY Change -81.82%
Total Long-Term Assets $31.46M $20.25M $6.864M
YoY Change 358.3%
TOTAL ASSETS
Total Short-Term Assets $169.7M $198.8M $130.1M
Total Long-Term Assets $31.46M $20.25M $6.864M
Total Assets $201.2M $219.1M $137.0M
YoY Change 46.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.678M $2.140M $3.308M
YoY Change 11.19%
Accrued Expenses $6.586M $4.764M $1.708M
YoY Change 285.6%
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 $36.93M $37.38M $35.11M
YoY Change 5.17%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $6.000K $262.0K $358.0K
YoY Change -98.32%
Total Long-Term Liabilities $6.000K $262.0K $358.0K
YoY Change -98.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $36.93M $37.38M $35.11M
Total Long-Term Liabilities $6.000K $262.0K $358.0K
Total Liabilities $36.94M $37.64M $35.47M
YoY Change 4.13%
SHAREHOLDERS EQUITY
Retained Earnings -$113.4M -$101.1M -$74.04M
YoY Change 53.23%
Common Stock $244.9M $243.6M $2.015M
YoY Change 12054.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $131.5M $142.6M -$72.02M
YoY Change
Total Liabilities & Shareholders Equity $201.2M $219.1M $137.0M
YoY Change 46.86%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q4
OPERATING ACTIVITIES
Net Income -$12.38M -$11.18M -$5.313M
YoY Change 133.05% 140.62%
Depreciation, Depletion And Amortization $300.0K $400.0K $300.0K
YoY Change 0.0% 0.0%
Cash From Operating Activities -$13.60M -$15.00M -$11.60M
YoY Change 17.24% 31.58%
INVESTING ACTIVITIES
Capital Expenditures -$200.0K -$100.0K -$100.0K
YoY Change 100.0% -90.91%
Acquisitions
YoY Change
Other Investing Activities -$20.20M -$80.60M $19.80M
YoY Change -202.02% 16020.0%
Cash From Investing Activities -$20.40M -$80.70M $19.80M
YoY Change -203.03% 4647.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -400.0K 124.2M 0.000
YoY Change
NET CHANGE
Cash From Operating Activities -13.60M -15.00M -11.60M
Cash From Investing Activities -20.40M -80.70M 19.80M
Cash From Financing Activities -400.0K 124.2M 0.000
Net Change In Cash -34.40M 28.50M 8.200M
YoY Change -519.51% -317.56%
FREE CASH FLOW
Cash From Operating Activities -$13.60M -$15.00M -$11.60M
Capital Expenditures -$200.0K -$100.0K -$100.0K
Free Cash Flow -$13.40M -$14.90M -$11.50M
YoY Change 16.52% 44.66%

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