2013 Q4 Form 10-Q Financial Statement

#000119312513436689 Filed on November 12, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $19.37M $36.80M $26.95M
YoY Change 44.67% 36.54%
Cost Of Revenue $22.85M $26.06M $17.54M
YoY Change 39.24% 48.57%
Gross Profit $11.52M $10.73M $9.405M
YoY Change 3.78% 14.1%
Gross Profit Margin 59.46% 29.16% 34.9%
Selling, General & Admin $1.730M $1.640M $900.0K
YoY Change 220.37% 82.22%
% of Gross Profit 15.02% 15.28% 9.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.790M $3.930M $2.720M
YoY Change 4.99% 44.49%
% of Gross Profit 32.9% 36.62% 28.92%
Operating Expenses $5.510M $31.64M $21.17M
YoY Change 32.45% 49.46%
Operating Profit $11.52M $10.73M $9.405M
YoY Change 3.75% 14.1%
Interest Expense -$2.550M $2.598M $4.174M
YoY Change -36.88% -37.76%
% of Operating Profit -22.14% 24.21% 44.38%
Other Income/Expense, Net $10.00K -$109.0K $146.0K
YoY Change -95.83% -174.66%
Pretax Income $3.280M $1.326M $1.755M
YoY Change 4.13% -24.44%
Income Tax $410.0K $74.00K $0.00
% Of Pretax Income 12.5% 5.58% 0.0%
Net Earnings $2.866M $1.252M $1.755M
YoY Change -8.99% -28.66%
Net Earnings / Revenue 14.79% 3.4% 6.51%
Basic Earnings Per Share
Diluted Earnings Per Share $88.69K $39.14K $1.760M
COMMON SHARES
Basic Shares Outstanding 19.16M shares 19.16M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.90M $9.800M $8.400M
YoY Change 101.06% 16.67%
Cash & Equivalents $18.88M $9.775M $8.420M
Short-Term Investments
Other Short-Term Assets $2.600M
YoY Change
Inventory
Prepaid Expenses
Receivables $18.30M $17.80M $21.70M
Other Receivables $12.60M $12.70M $8.800M
Total Short-Term Assets $49.80M $40.30M $41.50M
YoY Change 12.16% -2.89%
LONG-TERM ASSETS
Property, Plant & Equipment $357.7M $339.0M $263.3M
YoY Change 36.37% 28.75%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $7.500M $3.000M $4.400M
YoY Change 102.7% -31.82%
Total Long-Term Assets $385.5M $366.6M $284.8M
YoY Change 34.12% 28.7%
TOTAL ASSETS
Total Short-Term Assets $49.80M $40.30M $41.50M
Total Long-Term Assets $385.5M $366.6M $284.8M
Total Assets $435.3M $406.9M $326.3M
YoY Change 31.18% 24.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00 $400.0K $300.0K
YoY Change -100.0% 33.33%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $600.0K
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $35.60M $26.60M $17.50M
YoY Change 48.95% 52.0%
LONG-TERM LIABILITIES
Long-Term Debt $277.7M $247.4M $335.2M
YoY Change -16.96% -26.19%
Other Long-Term Liabilities $9.900M $18.00M $11.70M
YoY Change -19.51% 53.85%
Total Long-Term Liabilities $287.6M $265.4M $346.9M
YoY Change -17.05% -23.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $35.60M $26.60M $17.50M
Total Long-Term Liabilities $287.6M $265.4M $346.9M
Total Liabilities $329.8M $298.9M $364.6M
YoY Change -11.63% -18.02%
SHAREHOLDERS EQUITY
Retained Earnings -$46.20M
YoY Change
Common Stock $1.439M $192.0K
YoY Change 14389900.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$46.50M -$44.99M -$38.30M
YoY Change
Total Liabilities & Shareholders Equity $435.3M $406.9M $326.3M
YoY Change 31.18% 24.69%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $2.866M $1.252M $1.755M
YoY Change -8.99% -28.66%
Depreciation, Depletion And Amortization $3.790M $3.930M $2.720M
YoY Change 4.99% 44.49%
Cash From Operating Activities $3.990M $11.34M $1.850M
YoY Change -71.23% 512.97%
INVESTING ACTIVITIES
Capital Expenditures -$17.83M -$14.94M -$1.080M
YoY Change 729.3% 1283.33%
Acquisitions
YoY Change
Other Investing Activities -$890.0K $50.00K $430.0K
YoY Change 43.55% -88.37%
Cash From Investing Activities -$18.73M -$14.89M -$640.0K
YoY Change 573.74% 2226.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 23.85M -1.420M -310.0K
YoY Change -336.14% 358.06%
NET CHANGE
Cash From Operating Activities 3.990M 11.34M 1.850M
Cash From Investing Activities -18.73M -14.89M -640.0K
Cash From Financing Activities 23.85M -1.420M -310.0K
Net Change In Cash 9.110M -4.970M 900.0K
YoY Change 820.2% -652.22%
FREE CASH FLOW
Cash From Operating Activities $3.990M $11.34M $1.850M
Capital Expenditures -$17.83M -$14.94M -$1.080M
Free Cash Flow $21.82M $26.28M $2.930M
YoY Change 36.2% 796.93%

Facts In Submission

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CY2013Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
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74000

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