2018 Q2 Form 10-Q Financial Statement

#000143774918015492 Filed on August 14, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2018 Q1 2017 Q2
Revenue $51.82M $53.46M $47.70M
YoY Change 8.64% 22.37% 56.42%
Cost Of Revenue $40.23M $43.35M $36.80M
YoY Change 9.32% -13.07% 58.42%
Gross Profit $11.59M $10.11M $10.89M
YoY Change 6.43% -263.59% 50.0%
Gross Profit Margin 22.37% 18.91% 22.83%
Selling, General & Admin $7.530M $8.180M $8.090M
YoY Change -6.92% 6.65% -31.67%
% of Gross Profit 64.97% 80.91% 74.29%
Research & Development $0.00 $195.7K
YoY Change -100.0% -61.71%
% of Gross Profit 0.0% 1.8%
Depreciation & Amortization $1.495M $690.0K $400.0K
YoY Change 273.85% 64.29% -79.9%
% of Gross Profit 12.9% 6.82% 3.67%
Operating Expenses $58.26M $9.120M $45.48M
YoY Change 28.1% -221.6% 21.08%
Operating Profit $2.604M $1.005M $2.213M
YoY Change 17.65% -23.34% -131.29%
Interest Expense $707.2K $60.00K -$340.0K
YoY Change -308.0% -92.59% -631.16%
% of Operating Profit 27.16% 5.97% -15.36%
Other Income/Expense, Net $1.065M -$608.7K
YoY Change -275.03% -52.74%
Pretax Income $3.669M $1.060M $1.604M
YoY Change 128.76% 21.84% -119.18%
Income Tax $387.0K -$440.0K $374.0K
% Of Pretax Income 10.55% -41.51% 23.32%
Net Earnings $2.829M $1.559M $968.0K
YoY Change 192.22% 569.1% -116.83%
Net Earnings / Revenue 5.46% 2.92% 2.03%
Basic Earnings Per Share $0.92 $0.76 $0.47
Diluted Earnings Per Share $0.92 $0.76 $0.47
COMMON SHARES
Basic Shares Outstanding 3.065M shares 2.043M
Diluted Shares Outstanding 3.075M shares 2.048M

Balance Sheet

Concept 2018 Q2 2018 Q1 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.800M $12.66M $5.593M
YoY Change 21.58% 72.13% -54.73%
Cash & Equivalents $5.747M $4.803M $1.889M
Short-Term Investments $1.100M $7.861M $3.704M
Other Short-Term Assets $5.100M $658.6K $3.800M
YoY Change 34.21% -86.56% 18.75%
Inventory $27.62M $34.23M $25.35M
Prepaid Expenses $1.147M $1.456M $1.432M
Receivables $19.12M $15.16M $20.80M
Other Receivables $1.400M $1.500M $0.00
Total Short-Term Assets $60.06M $61.67M $53.87M
YoY Change 11.48% 26.22% 36.23%
LONG-TERM ASSETS
Property, Plant & Equipment $19.42M $4.609M $5.359M
YoY Change 262.31% -13.45% 11.35%
Goodwill $4.418M $4.418M $4.418M
YoY Change 0.0% 0.0%
Intangibles $1.372M $1.312M $1.301M
YoY Change 5.43% -4.67%
Long-Term Investments $5.239M $5.032M $1.700M
YoY Change 208.18% -52.78%
Other Assets $772.1K $421.0K $786.2K
YoY Change -1.8% 13.17% 169.42%
Total Long-Term Assets $37.06M $35.48M $15.85M
YoY Change 133.73% 115.32% 46.42%
TOTAL ASSETS
Total Short-Term Assets $60.06M $61.67M $53.87M
Total Long-Term Assets $37.06M $35.48M $15.85M
Total Assets $97.11M $97.15M $69.73M
YoY Change 39.28% 48.69% 38.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.89M $10.18M $10.83M
YoY Change 37.48% -12.01% 21.72%
Accrued Expenses $10.42M $11.74M $8.821M
YoY Change 18.12% 35.41% 9.77%
Deferred Revenue $590.0K
YoY Change
Short-Term Debt $9.545M $9.230M $2.225M
YoY Change 328.98% 36818.76% 2.17%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $34.87M $31.18M $21.87M
YoY Change 59.43% 53.82% 14.47%
LONG-TERM LIABILITIES
Long-Term Debt $31.30M $38.90M $20.90M
YoY Change 49.76% 111.41% 533.33%
Other Long-Term Liabilities $719.3K $785.8K $2.086M
YoY Change -65.52% -74.15% 8414.17%
Total Long-Term Liabilities $719.3K $785.8K $2.086M
YoY Change -65.52% -74.15% 8414.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $34.87M $31.18M $21.87M
Total Long-Term Liabilities $719.3K $785.8K $2.086M
Total Liabilities $67.60M $70.91M $44.85M
YoY Change 50.71% 69.93% 134.41%
SHAREHOLDERS EQUITY
Retained Earnings $23.42M $20.70M $19.43M
YoY Change 20.53% 12.1% -24.32%
Common Stock $510.9K $510.9K $510.7K
YoY Change 0.04% 0.04% -13.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $27.98M $25.12M $23.95M
YoY Change
Total Liabilities & Shareholders Equity $97.11M $97.15M $69.73M
YoY Change 39.28% 48.69% 38.42%

Cashflow Statement

Concept 2018 Q2 2018 Q1 2017 Q2
OPERATING ACTIVITIES
Net Income $2.829M $1.559M $968.0K
YoY Change 192.22% 569.1% -116.83%
Depreciation, Depletion And Amortization $1.495M $690.0K $400.0K
YoY Change 273.85% 64.29% -79.9%
Cash From Operating Activities $14.72M -$8.580M -$2.145M
YoY Change -786.26% -375.0% -54.93%
INVESTING ACTIVITIES
Capital Expenditures $459.6K -$4.970M $490.0K
YoY Change -6.21% 498.8% -5.69%
Acquisitions $3.326M $2.900M
YoY Change 14.68%
Other Investing Activities -$6.260M -$3.450M -$2.930M
YoY Change 113.65% 5650.0% -1110.34%
Cash From Investing Activities -$6.717M -$8.430M -$3.419M
YoY Change 96.47% 847.19% 1370.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $1.405M $200.0K
YoY Change 602.4%
Cash From Financing Activities -$7.310M 13.21M 4.683M
YoY Change -256.11% -1358.1% 28.84%
NET CHANGE
Cash From Operating Activities $14.72M -8.580M -2.145M
Cash From Investing Activities -$6.717M -8.430M -3.419M
Cash From Financing Activities -$7.310M 13.21M 4.683M
Net Change In Cash $692.5K -3.800M -874.5K
YoY Change -179.18% -422.03% -35.51%
FREE CASH FLOW
Cash From Operating Activities $14.72M -$8.580M -$2.145M
Capital Expenditures $459.6K -$4.970M $490.0K
Free Cash Flow $14.26M -$3.610M -$2.635M
YoY Change -641.18% -191.39% -50.08%

Facts In Submission

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