2018 Q2 Form 10-Q Financial Statement

#000007874918000033 Filed on August 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $34.01M $33.87M
YoY Change 0.42% 0.0%
Cost Of Revenue $16.12M $17.20M
YoY Change -6.26% 16.48%
Gross Profit $17.89M $16.67M
YoY Change 7.31% 0.0%
Gross Profit Margin 52.6% 49.22%
Selling, General & Admin $19.53M $19.69M
YoY Change -0.82% 87.39%
% of Gross Profit 109.16% 118.11%
Research & Development $7.089M $6.626M
YoY Change 6.99% -3.34%
% of Gross Profit 39.63% 39.75%
Depreciation & Amortization $606.0K $611.0K
YoY Change -0.82% 2.17%
% of Gross Profit 3.39% 3.67%
Operating Expenses $26.62M $26.32M
YoY Change 1.15% 51.57%
Operating Profit -$1.639M -$3.019M
YoY Change -45.71% 37.6%
Interest Expense $3.000K $2.000K
YoY Change 50.0% -50.0%
% of Operating Profit
Other Income/Expense, Net -$198.0K $113.0K
YoY Change -275.22% -225.56%
Pretax Income -$1.785M -$2.880M
YoY Change -38.02% 27.72%
Income Tax -$49.00K $78.00K
% Of Pretax Income
Net Earnings -$1.736M -$2.958M
YoY Change -41.31% 0.0%
Net Earnings / Revenue -5.1% -8.73%
Basic Earnings Per Share
Diluted Earnings Per Share -$73.59K -$132.2K
COMMON SHARES
Basic Shares Outstanding 23.10M shares 22.72M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.10M $43.40M
YoY Change -19.12% -21.52%
Cash & Equivalents $35.08M $43.41M
Short-Term Investments
Other Short-Term Assets $5.400M $5.200M
YoY Change 3.85% -41.57%
Inventory $1.765M $1.915M
Prepaid Expenses $5.240M
Receivables $19.51M $18.73M
Other Receivables $0.00 $0.00
Total Short-Term Assets $67.84M $69.29M
YoY Change -2.1% -17.34%
LONG-TERM ASSETS
Property, Plant & Equipment $17.11M $16.86M
YoY Change 1.49% 20.65%
Goodwill $19.62M $19.62M
YoY Change 0.0% 0.0%
Intangibles $8.473M $8.519M
YoY Change -0.54% -0.54%
Long-Term Investments
YoY Change
Other Assets $4.893M $2.507M
YoY Change 95.17% -12.83%
Total Long-Term Assets $94.39M $94.95M
YoY Change -0.6% 4.01%
TOTAL ASSETS
Total Short-Term Assets $67.84M $69.29M
Total Long-Term Assets $94.39M $94.95M
Total Assets $162.2M $164.2M
YoY Change -1.23% -6.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.033M $8.993M
YoY Change 0.44% 19.89%
Accrued Expenses $8.541M $8.978M
YoY Change -4.87% -7.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $100.0K $100.0K
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $48.45M $45.03M
YoY Change 7.59% -2.31%
LONG-TERM LIABILITIES
Long-Term Debt $100.0K $100.0K
YoY Change 0.0% -50.0%
Other Long-Term Liabilities $3.726M $3.922M
YoY Change -5.0% -7.28%
Total Long-Term Liabilities $3.726M $3.922M
YoY Change -5.0% -7.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $48.45M $45.03M
Total Long-Term Liabilities $3.726M $3.922M
Total Liabilities $52.18M $48.95M
YoY Change 6.59% -2.72%
SHAREHOLDERS EQUITY
Retained Earnings $106.2M $109.0M
YoY Change -2.55% -10.75%
Common Stock $9.482M $9.482M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.425M $2.472M
YoY Change -1.9% -4.96%
Treasury Stock Shares 8.080M shares 8.240M shares
Shareholders Equity $109.7M $111.9M
YoY Change
Total Liabilities & Shareholders Equity $162.2M $164.2M
YoY Change -1.23% -6.21%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income -$1.736M -$2.958M
YoY Change -41.31% 0.0%
Depreciation, Depletion And Amortization $606.0K $611.0K
YoY Change -0.82% 2.17%
Cash From Operating Activities -$1.363M -$484.0K
YoY Change 181.61% -52.5%
INVESTING ACTIVITIES
Capital Expenditures -$2.900M -$5.100M
YoY Change -43.14% 37.84%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$2.878M -$5.117M
YoY Change -43.76% 38.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $30.00K $31.00K
YoY Change -3.23% 29.17%
Cash From Financing Activities -$525.0K -$296.0K
YoY Change 77.36% -47.8%
NET CHANGE
Cash From Operating Activities -$1.363M -$484.0K
Cash From Investing Activities -$2.878M -$5.117M
Cash From Financing Activities -$525.0K -$296.0K
Net Change In Cash -$4.766M -$5.897M
YoY Change -19.18% 11.79%
FREE CASH FLOW
Cash From Operating Activities -$1.363M -$484.0K
Capital Expenditures -$2.900M -$5.100M
Free Cash Flow $1.537M $4.616M
YoY Change -66.7% 72.17%

Facts In Submission

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CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
-2958000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-1736000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-3019000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-1639000 USD
CY2018Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
786000 USD
CY2018Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
736000 USD
CY2018Q1 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
79000 USD
CY2018Q2 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
76000 USD
CY2018Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2484000 USD
CY2018Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4673000 USD
CY2018Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4893000 USD
CY2017Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
44000 USD
CY2018Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-8000 USD
CY2018Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3911000 USD
CY2018Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3726000 USD
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
113000 USD
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-198000 USD
CY2017Q2 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
0 USD
CY2018Q2 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
91000 USD
CY2017Q2 us-gaap Payments For Proceeds From Life Insurance Policies
PaymentsForProceedsFromLifeInsurancePolicies
2000 USD
CY2018Q2 us-gaap Payments For Proceeds From Life Insurance Policies
PaymentsForProceedsFromLifeInsurancePolicies
2000 USD
CY2017Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
265000 USD
CY2018Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
495000 USD
CY2017Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2125000 USD
CY2018Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
744000 USD
CY2018Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5593000 USD
CY2018Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5421000 USD
CY2018Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5097000 USD
CY2018Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
17512000 USD
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
17113000 USD
CY2017Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
31000 USD
CY2018Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
30000 USD
CY2017Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6626000 USD
CY2018Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7089000 USD
CY2018Q2 us-gaap Restructuring Charges
RestructuringCharges
-111000 USD
CY2018Q1 us-gaap Restructuring Reserve
RestructuringReserve
198000 USD
CY2018Q2 us-gaap Restructuring Reserve
RestructuringReserve
100000 USD
CY2018Q2 us-gaap Restructuring Reserve
RestructuringReserve
87000 USD
CY2018Q2 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
0 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
103601000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
104479000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
106215000 USD
CY2017Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
33865000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
34007000 USD
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
19689000 USD
CY2018Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
19528000 USD
CY2017Q2 us-gaap Severance Costs1
SeveranceCosts1
37000 USD
CY2018Q2 us-gaap Severance Costs1
SeveranceCosts1
440000 USD
CY2017Q2 us-gaap Share Based Compensation
ShareBasedCompensation
1219000 USD
CY2018Q2 us-gaap Share Based Compensation
ShareBasedCompensation
409000 USD
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Maximum Number Of Shares Per Employee
ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesPerEmployee
1300000 shares
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
108431000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
109749000 USD
CY2018Q1 us-gaap Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
0 USD
CY2018Q2 us-gaap Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
197000 USD
CY2018Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
769000 USD
CY2018Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod
P12M
CY2017Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
5130000 USD
CY2018Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
4754000 USD
CY2018Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
694000 USD
CY2018Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
8282152 shares
CY2018Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
8079925 shares
CY2018Q1 us-gaap Treasury Stock Value
TreasuryStockValue
2486000 USD
CY2018Q2 us-gaap Treasury Stock Value
TreasuryStockValue
2425000 USD
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22720000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23095000 shares

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agys-20180630_cal.xml Edgar Link unprocessable
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agys-20180630_pre.xml Edgar Link unprocessable
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