2022 Q3 Form 10-K Financial Statement

#000127518722000017 Filed on July 22, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022
Revenue $81.54M $87.00M $316.2M
YoY Change 5.93% 13.22% 8.66%
Cost Of Revenue $39.23M $40.54M $150.5M
YoY Change 6.52% 17.44% 12.12%
Gross Profit $42.31M $46.46M $165.7M
YoY Change 5.4% 9.77% 5.7%
Gross Profit Margin 51.88% 53.4% 52.41%
Selling, General & Admin $36.64M $37.94M $133.8M
YoY Change 9.75% 15.13% 14.1%
% of Gross Profit 86.62% 81.66% 80.7%
Research & Development $8.333M $7.866M $30.74M
YoY Change 12.7% -13.6% -15.53%
% of Gross Profit 19.7% 16.93% 18.55%
Depreciation & Amortization $7.660M $7.667M $7.600M
YoY Change 9.48% 17.48% 33.33%
% of Gross Profit 18.11% 16.5% 4.59%
Operating Expenses $55.61M $50.86M $194.2M
YoY Change 15.27% 8.84% 1.11%
Operating Profit -$13.30M -$4.407M -$28.47M
YoY Change 64.21% -0.11% -19.31%
Interest Expense $381.0K -$185.0K $688.0K
YoY Change 144.23% 0.0% -20.09%
% of Operating Profit
Other Income/Expense, Net -$556.0K -$139.0K -$790.0K
YoY Change 9.45% -16.77% -958.7%
Pretax Income -$13.86M -$6.721M -$29.95M
YoY Change 60.98% -69.37% -16.93%
Income Tax -$853.0K -$455.0K -$3.402M
% Of Pretax Income
Net Earnings -$13.00M -$6.266M -$26.55M
YoY Change 86.52% -67.81% -15.85%
Net Earnings / Revenue -15.95% -7.2% -8.4%
Basic Earnings Per Share -$0.33 -$0.68
Diluted Earnings Per Share -$0.33 -$160.0K -$0.68
COMMON SHARES
Basic Shares Outstanding 38.97M shares 38.78M shares 39.01M shares
Diluted Shares Outstanding 39.30M shares 39.01M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.56M $28.83M $30.93M
YoY Change -30.75% -40.15% -39.3%
Cash & Equivalents $24.56M $28.83M $28.83M
Short-Term Investments $2.106M
Other Short-Term Assets $15.61M $10.82M $8.718M
YoY Change 40.29% 24.43% 47.71%
Inventory $57.61M $51.39M $51.39M
Prepaid Expenses
Receivables $53.59M $52.30M $52.30M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $151.4M $143.3M $143.3M
YoY Change 15.27% 1.75% 1.75%
LONG-TERM ASSETS
Property, Plant & Equipment $46.19M $45.01M $51.98M
YoY Change 12.29% 21.4% 11.89%
Goodwill $201.0M $201.1M
YoY Change -0.22% -0.13%
Intangibles $148.0M $152.4M
YoY Change -12.38% -9.82%
Long-Term Investments
YoY Change
Other Assets $11.08M $10.96M $3.989M
YoY Change -14.29% -16.9% 4.67%
Total Long-Term Assets $406.3M $409.4M $409.4M
YoY Change -4.27% -2.65% -2.65%
TOTAL ASSETS
Total Short-Term Assets $151.4M $143.3M $143.3M
Total Long-Term Assets $406.3M $409.4M $409.4M
Total Assets $557.7M $552.8M $552.8M
YoY Change 0.35% -1.55% -1.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.26M $28.05M $28.05M
YoY Change 28.96% 42.88% 42.88%
Accrued Expenses $25.56M $34.84M $37.40M
YoY Change -4.96% -1.74% -1.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $66.39M $74.32M $74.32M
YoY Change 27.44% 29.07% 29.07%
LONG-TERM LIABILITIES
Long-Term Debt $49.80M $25.00M $25.00M
YoY Change 99.19% 25.0% 25.0%
Other Long-Term Liabilities $4.042M $4.736M $12.90M
YoY Change -51.78% -45.57% -47.22%
Total Long-Term Liabilities $4.042M $4.736M $37.90M
YoY Change -51.78% -45.57% -14.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $66.39M $74.32M $74.32M
Total Long-Term Liabilities $4.042M $4.736M $37.90M
Total Liabilities $143.6M $128.3M $128.3M
YoY Change 19.86% 5.15% 5.15%
SHAREHOLDERS EQUITY
Retained Earnings -$171.4M -$158.4M
YoY Change 23.47% 20.13%
Common Stock $590.4M $587.3M
YoY Change 2.36% 2.33%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.714M $5.714M
YoY Change 0.0% 0.0%
Treasury Stock Shares 370.0K shares 370.0M shares
Shareholders Equity $414.0M $424.5M $424.5M
YoY Change
Total Liabilities & Shareholders Equity $557.7M $552.8M $552.8M
YoY Change 0.34% -1.55% -1.55%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022
OPERATING ACTIVITIES
Net Income -$13.00M -$6.266M -$26.55M
YoY Change 86.52% -67.81% -15.85%
Depreciation, Depletion And Amortization $7.660M $7.667M $7.600M
YoY Change 9.48% 17.48% 33.33%
Cash From Operating Activities -$24.75M $8.560M -$7.194M
YoY Change 177.91% -29.85% -129.86%
INVESTING ACTIVITIES
Capital Expenditures $809.0K -$1.039M $4.297M
YoY Change -20.76% 68.4% -17.16%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$2.227M -$2.734M -$15.01M
YoY Change -72.41% -67.93% 76.09%
Cash From Investing Activities -$3.576M -$3.773M -$19.31M
YoY Change -60.67% -58.72% 40.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $45.00M $0.00
YoY Change -100.0%
Cash From Financing Activities $24.38M 329.0K $7.683M
YoY Change 347.59% -103.48% -145.23%
NET CHANGE
Cash From Operating Activities -$24.75M 8.560M -$7.194M
Cash From Investing Activities -$3.576M -3.773M -$19.31M
Cash From Financing Activities $24.38M 329.0K $7.683M
Net Change In Cash -$4.261M 5.116M -$19.34M
YoY Change -66.42% -180.14% 208.19%
FREE CASH FLOW
Cash From Operating Activities -$24.75M $8.560M -$7.194M
Capital Expenditures $809.0K -$1.039M $4.297M
Free Cash Flow -$25.55M $9.599M -$11.49M
YoY Change 157.47% -25.12% -160.78%

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CY2020 us-gaap Impairment Of Intangible Assets Finitelived
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CY2022Q2 us-gaap Land And Land Improvements
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493000 usd
CY2022Q2 ango Property Plant And Equipment Excluding Land And Land Improvements
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CY2021Q2 ango Property Plant And Equipment Excluding Land And Land Improvements
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CY2021 us-gaap Depreciation
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144258000 usd
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18882000 usd
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16474000 usd
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0.41
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.39
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.31
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1600000 usd
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y10M28D
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
800000 usd
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
500000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
5000000 usd
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2700000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1900000 usd
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
600000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
10.40
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
20.35
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10692000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8625000 usd
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7592000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2500000 usd
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2000000 usd
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1700000 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
19.02
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
7.95
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
12.11
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39009419 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38342476 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37961224 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39009419 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38342476 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37961224 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3465738 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3285354 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2581006 shares
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6974000 usd
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9382000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2560000 usd
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2415000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4703000 usd
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
7319000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
7263000 usd
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
9734000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y3M
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y1M13D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.038
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.038
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2782000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2195000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1430000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1132000 usd
CY2022Q2 ango Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
171000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
7710000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
447000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
7263000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2560000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4703000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
2800000 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
3200000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
2802000 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
3207000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
2723000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
2698000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
36000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1585000 usd
CY2022Q2 us-gaap Purchase Obligation
PurchaseObligation
6170000 usd
CY2022Q2 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
6170000 usd
CY2022Q2 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
0 usd
CY2022Q2 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
0 usd
CY2022Q2 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
0 usd
CY2022Q2 ango Purchase Obligation To Be Paid After Year Four
PurchaseObligationToBePaidAfterYearFour
0 usd
CY2022Q2 ango Royalties
Royalties
44480000 usd
CY2022Q2 ango Royalties Due In First Year
RoyaltiesDueInFirstYear
3840000 usd
CY2022Q2 ango Royalties Duein Second Year
RoyaltiesDueinSecondYear
3840000 usd
CY2022Q2 ango Royalties Duein Third Year
RoyaltiesDueinThirdYear
3840000 usd
CY2022Q2 ango Royalties Duein Fourth Year
RoyaltiesDueinFourthYear
3840000 usd
CY2022Q2 ango Royalties Due After Fourth Year
RoyaltiesDueAfterFourthYear
29120000 usd
CY2022Q2 us-gaap Contractual Obligation
ContractualObligation
50650000 usd
CY2022Q2 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
10010000 usd
CY2022Q2 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
3840000 usd
CY2022Q2 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
3840000 usd
CY2022Q2 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
3840000 usd
CY2022Q2 ango Contractual Obligation To Be Paid After Year Four
ContractualObligationToBePaidAfterYearFour
29120000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
316219000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
291010000 usd
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
264157000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
316219000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
291010000 usd
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
264157000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
316219000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
291010000 usd
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
264157000 usd
CY2022 ango Percentage Of International Sales To Net Sales
PercentageOfInternationalSalesToNetSales
0.16
CY2021 ango Percentage Of International Sales To Net Sales
PercentageOfInternationalSalesToNetSales
0.19
CY2020 ango Percentage Of International Sales To Net Sales
PercentageOfInternationalSalesToNetSales
0.21
CY2022Q2 ango Percentage Of Domestic Assets
PercentageOfDomesticAssets
0.96
CY2022 ango Acquisition Restructuring And Other Items Net
AcquisitionRestructuringAndOtherItemsNet
9042000 usd
CY2021 ango Acquisition Restructuring And Other Items Net
AcquisitionRestructuringAndOtherItemsNet
20232000 usd
CY2020 ango Acquisition Restructuring And Other Items Net
AcquisitionRestructuringAndOtherItemsNet
6014000 usd

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