2021 Q3 Form 10-Q Financial Statement

#000127518721000023 Filed on September 30, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3
Revenue $76.97M $70.22M
YoY Change 9.62% 6.32%
Cost Of Revenue $36.83M $34.45M
YoY Change 6.91% 23.82%
Gross Profit $40.14M $35.76M
YoY Change 12.23% -6.42%
Gross Profit Margin 52.15% 50.93%
Selling, General & Admin $33.39M $26.26M
YoY Change 27.14% -5.64%
% of Gross Profit 83.18% 73.43%
Research & Development $7.394M $9.009M
YoY Change -17.93% 43.18%
% of Gross Profit 18.42% 25.19%
Depreciation & Amortization $6.997M $6.580M
YoY Change 6.34% 26.3%
% of Gross Profit 17.43% 18.4%
Operating Expenses $48.24M $40.89M
YoY Change 17.98% 4.72%
Operating Profit -$8.100M -$5.122M
YoY Change 58.14% 518.6%
Interest Expense $156.0K $215.0K
YoY Change -27.44% -53.76%
% of Operating Profit
Other Income/Expense, Net -$508.0K $309.0K
YoY Change -264.4% -154.88%
Pretax Income -$8.608M -$4.813M
YoY Change 78.85% 246.01%
Income Tax -$1.636M -$545.0K
% Of Pretax Income
Net Earnings -$6.972M -$4.268M
YoY Change 63.36% 234.75%
Net Earnings / Revenue -9.06% -6.08%
Basic Earnings Per Share -$0.18 -$0.11
Diluted Earnings Per Share -$0.18 -$0.11
COMMON SHARES
Basic Shares Outstanding 38.73M shares 38.16M shares
Diluted Shares Outstanding 38.73M shares 38.16M shares

Balance Sheet

Concept 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.47M $47.90M
YoY Change -25.95% -42.7%
Cash & Equivalents $35.47M $47.93M
Short-Term Investments
Other Short-Term Assets $11.13M $8.000M
YoY Change 39.1% 63.27%
Inventory $49.31M $52.76M
Prepaid Expenses
Receivables $35.42M $33.59M
Other Receivables $0.00 $0.00
Total Short-Term Assets $131.3M $142.2M
YoY Change -7.68% -14.5%
LONG-TERM ASSETS
Property, Plant & Equipment $41.13M $29.43M
YoY Change 39.78% 16.16%
Goodwill $201.5M $200.9M
YoY Change 0.27% -42.2%
Intangibles $168.9M $194.3M
YoY Change -13.08% 37.18%
Long-Term Investments
YoY Change
Other Assets $12.93M $16.83M
YoY Change -23.22% 79.99%
Total Long-Term Assets $424.4M $441.5M
YoY Change -3.87% -15.74%
TOTAL ASSETS
Total Short-Term Assets $131.3M $142.2M
Total Long-Term Assets $424.4M $441.5M
Total Assets $555.8M $583.8M
YoY Change -4.8% -15.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.69M $14.01M
YoY Change 61.96% -16.97%
Accrued Expenses $26.89M $23.59M
YoY Change 14.01% 3.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $52.10M $39.85M
YoY Change 30.75% -15.53%
LONG-TERM LIABILITIES
Long-Term Debt $25.00M $40.00M
YoY Change -37.5%
Other Long-Term Liabilities $8.383M $10.05M
YoY Change -16.57% 164.42%
Total Long-Term Liabilities $8.383M $10.05M
YoY Change -16.57% 164.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $52.10M $39.85M
Total Long-Term Liabilities $8.383M $10.05M
Total Liabilities $119.8M $128.7M
YoY Change -6.91% 68.7%
SHAREHOLDERS EQUITY
Retained Earnings -$138.8M -$104.6M
YoY Change 32.75% -260.42%
Common Stock $576.8M $564.6M
YoY Change 2.15% 1.53%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.714M $5.714M
YoY Change 0.0% 0.0%
Treasury Stock Shares 370.0K shares 370.0K shares
Shareholders Equity $436.0M $455.1M
YoY Change
Total Liabilities & Shareholders Equity $555.8M $583.8M
YoY Change -4.8% -15.44%

Cashflow Statement

Concept 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income -$6.972M -$4.268M
YoY Change 63.36% 234.75%
Depreciation, Depletion And Amortization $6.997M $6.580M
YoY Change 6.34% 26.3%
Cash From Operating Activities -$8.904M -$5.425M
YoY Change 64.13% -16.97%
INVESTING ACTIVITIES
Capital Expenditures $1.021M $1.824M
YoY Change -44.02% 31.13%
Acquisitions $3.600M $0.00
YoY Change
Other Investing Activities -$8.071M
YoY Change
Cash From Investing Activities -$9.092M -$1.824M
YoY Change 398.46% 18.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00 $0.00
YoY Change -100.0%
Cash From Financing Activities $5.446M $491.0K
YoY Change 1009.16% -100.36%
NET CHANGE
Cash From Operating Activities -$8.904M -$5.425M
Cash From Investing Activities -$9.092M -$1.824M
Cash From Financing Activities $5.446M $491.0K
Net Change In Cash -$12.69M -$6.506M
YoY Change 95.04% -95.48%
FREE CASH FLOW
Cash From Operating Activities -$8.904M -$5.425M
Capital Expenditures $1.021M $1.824M
Free Cash Flow -$9.925M -$7.249M
YoY Change 36.92% -8.53%

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P4Y
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0 shares
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P3Y10M24D
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2048000 USD
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2202000 USD
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CY2021Q3 us-gaap Operating Lease Liability
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9112000 USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
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6668000 USD
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700000 USD
CY2020Q3 us-gaap Operating Lease Expense
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900000 USD
CY2021Q3 us-gaap Operating Lease Expense
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687000 USD
CY2020Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
884000 USD
CY2021Q3 us-gaap Operating Lease Payments
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682000 USD
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
672000 USD
CY2021Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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0 USD
CY2020Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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487000 USD
CY2021Q3 ango Acquisition Restructuring And Other Items Net
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2440000 USD
CY2020Q3 ango Acquisition Restructuring And Other Items Net
AcquisitionRestructuringAndOtherItemsNet
1319000 USD

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