2014 Q3 Form 10-Q Financial Statement

#000119312514336721 Filed on September 09, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q3
Revenue $22.37M $17.19M
YoY Change 30.08% 17.26%
Cost Of Revenue $12.78M $10.27M
YoY Change 24.4% 12.79%
Gross Profit $9.589M $6.923M
YoY Change 38.51% 24.58%
Gross Profit Margin 42.87% 40.26%
Selling, General & Admin $5.946M $4.762M
YoY Change 24.86% 15.92%
% of Gross Profit 62.01% 68.79%
Research & Development $1.479M $1.274M
YoY Change 16.09% 43.95%
% of Gross Profit 15.42% 18.4%
Depreciation & Amortization $530.0K $330.0K
YoY Change 60.61% -5.71%
% of Gross Profit 5.53% 4.77%
Operating Expenses $7.425M $6.036M
YoY Change 23.01% 20.89%
Operating Profit $2.164M $887.0K
YoY Change 143.97% 57.27%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $83.00K -$25.00K
YoY Change -432.0% -71.91%
Pretax Income $2.247M $862.0K
YoY Change 160.67% 81.47%
Income Tax $812.0K $331.0K
% Of Pretax Income 36.14% 38.4%
Net Earnings $1.435M $696.0K
YoY Change 106.18% -29.48%
Net Earnings / Revenue 6.42% 4.05%
Basic Earnings Per Share $0.19 $0.09
Diluted Earnings Per Share $0.18 $0.09
COMMON SHARES
Basic Shares Outstanding 7.704M shares 7.458M shares
Diluted Shares Outstanding 7.916M shares 7.655M shares

Balance Sheet

Concept 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $28.00M $32.60M
YoY Change -14.11% 44.89%
Cash & Equivalents $13.20M $12.18M
Short-Term Investments $14.80M $20.40M
Other Short-Term Assets $8.000M $11.10M
YoY Change -27.93% 226.47%
Inventory $16.02M $12.51M
Prepaid Expenses
Receivables $14.08M $9.674M
Other Receivables $400.0K $500.0K
Total Short-Term Assets $66.56M $66.47M
YoY Change 0.12% 28.58%
LONG-TERM ASSETS
Property, Plant & Equipment $7.783M $7.490M
YoY Change 3.91% -30.65%
Goodwill $991.0K $795.0K
YoY Change 24.65%
Intangibles $3.049M
YoY Change
Long-Term Investments
YoY Change
Other Assets $400.0K $100.0K
YoY Change 300.0% 0.0%
Total Long-Term Assets $4.718M $1.462M
YoY Change 222.71% -89.63%
TOTAL ASSETS
Total Short-Term Assets $66.56M $66.47M
Total Long-Term Assets $4.718M $1.462M
Total Assets $79.06M $75.43M
YoY Change 4.82% 14.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.754M $2.289M
YoY Change 20.31% 9.0%
Accrued Expenses $5.300M $6.000M
YoY Change -11.67% 50.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.617M $10.24M
YoY Change -15.82% 50.54%
LONG-TERM LIABILITIES
Long-Term Debt $100.0K $0.00
YoY Change
Other Long-Term Liabilities $1.000M $1.300M
YoY Change -23.08% 44.44%
Total Long-Term Liabilities $1.100M $1.300M
YoY Change -15.38% 44.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.617M $10.24M
Total Long-Term Liabilities $1.100M $1.300M
Total Liabilities $9.837M $11.82M
YoY Change -16.75% 25.7%
SHAREHOLDERS EQUITY
Retained Earnings $38.69M $35.29M
YoY Change 9.63%
Common Stock $475.0K $457.0K
YoY Change 3.94%
Preferred Stock
YoY Change
Treasury Stock (at cost) $13.09M $11.72M
YoY Change 11.7%
Treasury Stock Shares 1.776M shares 1.668M shares
Shareholders Equity $69.22M $63.61M
YoY Change
Total Liabilities & Shareholders Equity $79.06M $75.43M
YoY Change 4.82% 14.63%

Cashflow Statement

Concept 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $1.435M $696.0K
YoY Change 106.18% -29.48%
Depreciation, Depletion And Amortization $530.0K $330.0K
YoY Change 60.61% -5.71%
Cash From Operating Activities -$160.0K $780.0K
YoY Change -120.51%
INVESTING ACTIVITIES
Capital Expenditures -$580.0K -$260.0K
YoY Change 123.08% 100.0%
Acquisitions
YoY Change
Other Investing Activities $3.820M -$110.0K
YoY Change -3572.73% -111.96%
Cash From Investing Activities $3.230M -$360.0K
YoY Change -997.22% -145.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -300.0K -430.0K
YoY Change -30.23% -14.0%
NET CHANGE
Cash From Operating Activities -160.0K 780.0K
Cash From Investing Activities 3.230M -360.0K
Cash From Financing Activities -300.0K -430.0K
Net Change In Cash 2.770M -10.00K
YoY Change -27800.0% -103.45%
FREE CASH FLOW
Cash From Operating Activities -$160.0K $780.0K
Capital Expenditures -$580.0K -$260.0K
Free Cash Flow $420.0K $1.040M
YoY Change -59.62% 700.0%

Facts In Submission

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dei Entity Registrant Name
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dei Document Type
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dei Document Period End Date
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dei Entity Central Index Key
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dei Current Fiscal Year End Date
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<div> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b>(1) Overview</b></p> <p style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Headquartered in West Warwick, Rhode Island, Astro-Med Inc. designs, develops, manufactures and distributes a broad range of specialty printers and data acquisition and analysis systems. Our products are distributed through our own sales force and authorized dealers in the United States. We also sell to customers outside of the United States primarily through our Company offices in Canada and Europe as well as with independent dealers and representatives. Astro-Med, Inc. products are sold under the brand names Astro-Med&#xA0;<sup style="font-size:85%; vertical-align:top">&#xAE;</sup> Test&#xA0;&amp; Measurement and QuickLabel&#xA0;<sup style="font-size:85%; vertical-align:top">&#xAE;</sup> Systems and are employed around the world in a wide range of aerospace, apparel, automotive, avionics, chemical, computer peripherals, communications, distribution, food and beverage, general manufacturing, packaging and transportation.</p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Unless otherwise indicated, references to &#x201C;Astro-Med,&#x201D; the &#x201C;Company,&#x201D; &#x201C;we,&#x201D; &#x201C;our,&#x201D; and &#x201C;us&#x201D; in this Quarterly Report on Form&#xA0;10-Q refer to Astro-Med, Inc. and its consolidated subsidiaries.</p> </div>
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