2020 Q2 Form 10-Q Financial Statement

#000127518720000010 Filed on April 08, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2020 Q1 2019 Q1
Revenue $58.33M $69.78M $65.52M
YoY Change -18.05% 6.5% 2.48%
Cost Of Revenue $28.12M $29.48M $27.36M
YoY Change -5.8% 7.75% -28.75%
Gross Profit $30.21M $40.30M $38.16M
YoY Change -26.9% 5.6% 1.78%
Gross Profit Margin 51.79% 57.75% 58.24%
Selling, General & Admin $26.43M $31.14M $27.10M
YoY Change -9.67% 14.88% 5.33%
% of Gross Profit 87.48% 77.26% 71.02%
Research & Development $7.230M $8.395M $6.915M
YoY Change 4.93% 21.4% 7.09%
% of Gross Profit 23.93% 20.83% 18.12%
Depreciation & Amortization $6.260M $6.440M $6.870M
YoY Change -6.85% -6.26% 20.1%
% of Gross Profit 20.72% 15.98% 18.0%
Operating Expenses $26.71M $46.54M $41.84M
YoY Change -18.99% 11.23% 3.08%
Operating Profit $3.502M -$6.236M -$3.674M
YoY Change -58.12% 69.73% -175.6%
Interest Expense -$240.0K $166.0K $1.442M
YoY Change -82.98% -88.49% 94.86%
% of Operating Profit -6.85%
Other Income/Expense, Net -$60.00K -$297.0K -$1.708M
YoY Change -57.14% -82.61% 116.48%
Pretax Income -$156.9M -$6.533M -$5.382M
YoY Change -11388.49% 21.39% -232.2%
Income Tax $160.0K -$824.0K -$773.0K
% Of Pretax Income
Net Earnings -$157.1M -$5.709M $796.0K
YoY Change -366.79% -817.21% -94.32%
Net Earnings / Revenue -269.26% -8.18% 1.21%
Basic Earnings Per Share -$4.14 -$0.15 $0.02
Diluted Earnings Per Share -$4.14 -$0.15 $0.02
COMMON SHARES
Basic Shares Outstanding 37.69M shares 38.00M shares 37.52M shares
Diluted Shares Outstanding 38.00M shares 37.52M shares

Balance Sheet

Concept 2020 Q2 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $54.40M $27.20M $41.70M
YoY Change -76.1% -34.78% -22.15%
Cash & Equivalents $54.44M $27.16M $41.70M
Short-Term Investments $0.00
Other Short-Term Assets $7.300M $11.40M $4.400M
YoY Change 82.5% 159.09% -4.35%
Inventory $59.91M $54.90M $52.39M
Prepaid Expenses
Receivables $31.26M $35.62M $44.21M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $152.9M $129.0M $142.7M
YoY Change -51.5% -9.59% -8.83%
LONG-TERM ASSETS
Property, Plant & Equipment $28.31M $28.18M $41.21M
YoY Change 16.71% -31.61% -4.3%
Goodwill $200.5M $359.1M $423.7M
YoY Change -42.33% -15.24% 17.28%
Intangibles $197.1M $202.0M $166.6M
YoY Change 35.59% 21.25% 23.83%
Long-Term Investments
YoY Change
Other Assets $15.34M $13.68M $3.610M
YoY Change 299.95% 279.06% 18.83%
Total Long-Term Assets $441.3M $602.9M $635.1M
YoY Change -15.32% -5.06% 17.2%
TOTAL ASSETS
Total Short-Term Assets $152.9M $129.0M $142.7M
Total Long-Term Assets $441.3M $602.9M $635.1M
Total Assets $594.2M $732.0M $777.8M
YoY Change -28.96% -5.89% 11.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.10M $18.30M $18.44M
YoY Change -16.35% -0.75% 12.8%
Accrued Expenses $29.38M $27.45M $21.93M
YoY Change -23.37% 25.15% -29.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $6.250M
YoY Change -100.0% -100.0% 25.0%
Total Short-Term Liabilities $51.45M $48.71M $53.30M
YoY Change -29.82% -8.6% -2.04%
LONG-TERM LIABILITIES
Long-Term Debt $40.00M $14.30M $126.8M
YoY Change -67.85% -88.73% 44.46%
Other Long-Term Liabilities $9.029M $8.015M $5.296M
YoY Change 1633.01% 51.34% 571.23%
Total Long-Term Liabilities $9.029M $8.015M $132.1M
YoY Change -92.77% -93.93% 49.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $51.45M $48.71M $53.30M
Total Long-Term Liabilities $9.029M $8.015M $132.1M
Total Liabilities $139.3M $121.5M $223.7M
YoY Change -37.13% -45.7% 39.73%
SHAREHOLDERS EQUITY
Retained Earnings -$100.3M $56.75M $7.596M
YoY Change -250.92% 647.09% 150.94%
Common Stock $562.2M $560.7M $553.3M
YoY Change 1.23% 1.34% 2.15%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.714M $5.714M $5.714M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 370.0M shares 370.0K shares 370.0K shares
Shareholders Equity $454.9M $610.5M $554.1M
YoY Change
Total Liabilities & Shareholders Equity $594.2M $732.0M $777.8M
YoY Change -28.96% -5.89% 11.36%

Cashflow Statement

Concept 2020 Q2 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$157.1M -$5.709M $796.0K
YoY Change -366.79% -817.21% -94.32%
Depreciation, Depletion And Amortization $6.260M $6.440M $6.870M
YoY Change -6.85% -6.26% 20.1%
Cash From Operating Activities $3.880M -$17.83M $8.340M
YoY Change -84.49% -313.79% 93.06%
INVESTING ACTIVITIES
Capital Expenditures -$1.480M -$1.750M -$880.0K
YoY Change 80.49% 98.86% -47.93%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$10.00M $1.350M
YoY Change -100.0% -840.74%
Cash From Investing Activities -$1.480M -$11.75M $470.0K
YoY Change -100.88% -2600.0% -127.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 24.95M 15.56M -10.08M
YoY Change -444.61% -254.37% 2244.19%
NET CHANGE
Cash From Operating Activities 3.880M -17.83M 8.340M
Cash From Investing Activities -1.480M -11.75M 470.0K
Cash From Financing Activities 24.95M 15.56M -10.08M
Net Change In Cash 27.35M -14.02M -1.270M
YoY Change -85.31% 1003.94% -157.73%
FREE CASH FLOW
Cash From Operating Activities $3.880M -$17.83M $8.340M
Capital Expenditures -$1.480M -$1.750M -$880.0K
Free Cash Flow $5.360M -$16.08M $9.220M
YoY Change -79.25% -274.4% 53.41%

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CY2019Q2 us-gaap Business Combination Contingent Consideration Liability Noncurrent
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CY2020Q1 us-gaap Deferred Income Taxes And Other Liabilities Noncurrent
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CY2020Q1 us-gaap Commitments And Contingencies
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CY2019Q2 us-gaap Commitments And Contingencies
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CY2020Q1 us-gaap Treasury Stock Value
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us-gaap Net Income Loss
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Revenues
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us-gaap Revenues
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us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
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CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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CY2019Q2 ango Accrued Litigation
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CY2020Q1 ango Accrued Recall Liability
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CY2019Q2 ango Accrued Recall Liability
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CY2020Q1 ango Effective Income Tax Rate Reconciliation Before Discreet Items Percent
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CY2019Q1 ango Effective Income Tax Rate Reconciliation Before Discreet Items Percent
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CY2020Q1 us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
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CY2020Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P4Y
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37999000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37518000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37924000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37446000 shares
CY2020Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2019Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37999000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37518000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37924000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37446000 shares
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2699000 shares
CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2293000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2656000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2293000 shares
CY2020Q1 us-gaap Revenues
Revenues
69780000 USD
CY2019Q1 us-gaap Revenues
Revenues
65524000 USD
us-gaap Revenues
Revenues
205825000 USD
us-gaap Revenues
Revenues
199451000 USD
CY2020Q1 us-gaap Revenues
Revenues
69780000 USD
CY2019Q1 us-gaap Revenues
Revenues
65524000 USD
us-gaap Revenues
Revenues
205825000 USD
us-gaap Revenues
Revenues
199451000 USD
CY2020Q1 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
27294000 USD
CY2019Q2 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
13486000 USD
CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
26875000 USD
CY2020Q1 ango Change In Fair Value Of Contingent Consideration
ChangeInFairValueOfContingentConsideration
419000 USD
CY2020Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
27294000 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
13486000 USD
ango Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Contingent Consideration Earn Out Liability
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityContingentConsiderationEarnOutLiability
14900000 USD
ango Change In Fair Value Of Contingent Consideration
ChangeInFairValueOfContingentConsideration
116000 USD
ango Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Contingent Consideration Liabilities Payments
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetContingentConsiderationLiabilitiesPayments
1208000 USD
CY2020Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
27294000 USD
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9628000 USD
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1879000 USD
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
7724000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
9603000 USD
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y3M21D
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.042
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
563000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2190000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2073000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2110000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1562000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
2190000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
10688000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1085000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
9603000 USD
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1879000 USD
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
7724000 USD
CY2020Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
900000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
2500000 USD
CY2020Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
925000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
2469000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
2920000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
2338000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
2133000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
2131000 USD
CY2019Q2 ango Operating Leases Future Minimum Payments Due After Four Years
OperatingLeasesFutureMinimumPaymentsDueAfterFourYears
3227000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
12749000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
1767000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5595000 USD
CY2020Q1 ango Acquisition Restructuring And Other Items Net
AcquisitionRestructuringAndOtherItemsNet
1565000 USD
CY2019Q1 ango Acquisition Restructuring And Other Items Net
AcquisitionRestructuringAndOtherItemsNet
2550000 USD
ango Acquisition Restructuring And Other Items Net
AcquisitionRestructuringAndOtherItemsNet
4486000 USD
ango Acquisition Restructuring And Other Items Net
AcquisitionRestructuringAndOtherItemsNet
9700000 USD

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