2016 Q3 Form 10-Q Financial Statement

#000162828016020601 Filed on November 02, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $18.51M $19.00M
YoY Change -2.62% 52.58%
Cost Of Revenue $16.40M $15.99M
YoY Change 2.58% 16.14%
Gross Profit $2.103M $3.012M
YoY Change -30.18% -328.18%
Gross Profit Margin 11.36% 15.85%
Selling, General & Admin $6.347M $6.773M
YoY Change -6.29% -15.86%
% of Gross Profit 301.81% 224.87%
Research & Development $2.867M $3.003M
YoY Change -4.53% -2.5%
% of Gross Profit 136.33% 99.7%
Depreciation & Amortization $1.700M $39.00K
YoY Change 4258.97% -98.39%
% of Gross Profit 80.84% 1.29%
Operating Expenses $9.214M $9.776M
YoY Change -5.75% -12.48%
Operating Profit -$7.150M -$6.841M
YoY Change 4.52% -74.09%
Interest Expense -$107.0K $300.0K
YoY Change -135.67% -40.0%
% of Operating Profit
Other Income/Expense, Net -$518.0K -$397.0K
YoY Change 30.48% -153.65%
Pretax Income -$6.531M -$6.823M
YoY Change -4.28% -73.1%
Income Tax $794.0K $875.0K
% Of Pretax Income
Net Earnings -$7.325M -$7.698M
YoY Change -4.85% -69.72%
Net Earnings / Revenue -39.58% -40.51%
Basic Earnings Per Share -$0.53 -$0.57
Diluted Earnings Per Share -$0.53 -$0.57
COMMON SHARES
Basic Shares Outstanding 13.77M shares 13.60M shares
Diluted Shares Outstanding 13.77M shares 13.60M shares

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.30M $32.60M
YoY Change -22.39% -6.05%
Cash & Equivalents $25.26M $32.57M
Short-Term Investments
Other Short-Term Assets $3.300M $11.60M
YoY Change -71.55% -15.33%
Inventory $26.45M $16.20M
Prepaid Expenses
Receivables $12.13M $11.10M
Other Receivables $0.00 $0.00
Total Short-Term Assets $67.14M $71.40M
YoY Change -5.97% -13.45%
LONG-TERM ASSETS
Property, Plant & Equipment $46.68M $52.70M
YoY Change -11.43% -12.75%
Goodwill
YoY Change
Intangibles $571.0K
YoY Change
Long-Term Investments
YoY Change
Other Assets $336.0K $9.100M
YoY Change -96.31% -18.75%
Total Long-Term Assets $48.61M $62.90M
YoY Change -22.71% -14.19%
TOTAL ASSETS
Total Short-Term Assets $67.14M $71.40M
Total Long-Term Assets $48.61M $62.90M
Total Assets $115.8M $134.3M
YoY Change -13.81% -13.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.262M $6.803M
YoY Change -7.95% -3.68%
Accrued Expenses $11.00M $10.70M
YoY Change 2.8% 0.65%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.100M $3.900M
YoY Change -46.15% -18.75%
Total Short-Term Liabilities $40.67M $40.90M
YoY Change -0.56% -38.12%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $2.000M
YoY Change -100.0% -55.56%
Other Long-Term Liabilities $54.00K $3.800M
YoY Change -98.58% -2.56%
Total Long-Term Liabilities $54.00K $5.800M
YoY Change -99.07% -30.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $40.67M $40.90M
Total Long-Term Liabilities $54.00K $5.800M
Total Liabilities $49.05M $46.60M
YoY Change 5.26% -37.45%
SHAREHOLDERS EQUITY
Retained Earnings -$945.9M
YoY Change
Common Stock $1.014B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.371M
YoY Change
Treasury Stock Shares
Shareholders Equity $66.70M $87.60M
YoY Change
Total Liabilities & Shareholders Equity $115.8M $134.3M
YoY Change -13.81% -13.8%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income -$7.325M -$7.698M
YoY Change -4.85% -69.72%
Depreciation, Depletion And Amortization $1.700M $39.00K
YoY Change 4258.97% -98.39%
Cash From Operating Activities -$8.850M -$4.730M
YoY Change 87.1% -19.28%
INVESTING ACTIVITIES
Capital Expenditures -$80.00K -$110.0K
YoY Change -27.27% -50.0%
Acquisitions
YoY Change
Other Investing Activities -$20.00K -$50.00K
YoY Change -60.0% -101.81%
Cash From Investing Activities -$100.0K -$170.0K
YoY Change -41.18% -106.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.030M -980.0K
YoY Change 5.1% -166.67%
NET CHANGE
Cash From Operating Activities -8.850M -4.730M
Cash From Investing Activities -100.0K -170.0K
Cash From Financing Activities -1.030M -980.0K
Net Change In Cash -9.980M -5.880M
YoY Change 69.73% 216.13%
FREE CASH FLOW
Cash From Operating Activities -$8.850M -$4.730M
Capital Expenditures -$80.00K -$110.0K
Free Cash Flow -$8.770M -$4.620M
YoY Change 89.83% -18.09%

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-16494000 USD
CY2016Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3003000 USD
CY2016Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2431000 USD
CY2016Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
315000 USD
CY2016Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
336000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-111000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
319000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
111000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-541000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-111000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
319000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
111000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-541000 USD
CY2016Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
63000 USD
CY2016Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
54000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-921000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
103000 USD
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-397000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1169000 USD
CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-518000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-393000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-91000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
28000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
109000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
490000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
310000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
359000 USD
CY2016Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5778000 USD
CY2016Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2847000 USD
CY2015Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
22300000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
30000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
7000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
15000 USD
CY2015Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3934000 USD
CY2015Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3344000 USD
CY2015Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3273000 USD
CY2016Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3601000 USD
CY2016Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2774000 USD
CY2016Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2694000 USD
CY2015Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
500000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1084000 USD
CY2016Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
396000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1324000 USD
CY2015Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
429000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
423000 USD
CY2016Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
316000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
417000 USD
CY2016Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
49778000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
46677000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2000000 USD
CY2015Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3003000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6165000 USD
CY2016Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2867000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5819000 USD
CY2016Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
457000 USD
CY2016Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
452000 USD
CY2016Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
934000 USD
CY2016Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
934000 USD
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-928184000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-945864000 USD
CY2015Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
6.00
CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
19004000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
42727000 USD
CY2016Q3 us-gaap Sales Revenue Net
SalesRevenueNet
18507000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
31852000 USD
CY2015Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6773000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14308000 USD
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6347000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
13563000 USD
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
83549000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
66703000 USD
CY2016Q1 us-gaap Treasury Stock Value
TreasuryStockValue
881000 USD
CY2016Q3 us-gaap Treasury Stock Value
TreasuryStockValue
1371000 USD
CY2016Q1 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
1229000 USD
CY2016Q3 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
767000 USD
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13595000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12808000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13769000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13723000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
459000 shares
us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
150000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
421000 shares
us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
438000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
14054000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
12958000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
14190000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
14161000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13595000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12808000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13769000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13723000 shares

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