2024 Q1 Form 10-Q Financial Statement

#000162828024000857 Filed on January 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4
Revenue $75.18M $79.07M
YoY Change -6.85% -7.44%
Cost Of Revenue $39.32M $38.81M
YoY Change -2.21% -3.82%
Gross Profit $35.86M $40.26M
YoY Change -11.46% -10.68%
Gross Profit Margin 47.7% 50.92%
Selling, General & Admin $35.98M $34.75M
YoY Change 5.08% -5.67%
% of Gross Profit 100.34% 86.32%
Research & Development $8.189M $8.658M
YoY Change 19.51% 26.62%
% of Gross Profit 22.84% 21.5%
Depreciation & Amortization $7.522M $6.683M
YoY Change -4.03% -14.52%
% of Gross Profit 20.98% 16.6%
Operating Expenses $47.57M $53.38M
YoY Change -3.76% 0.36%
Operating Profit -$11.71M -$13.12M
YoY Change 31.16% 61.68%
Interest Expense $394.0K -$534.0K
YoY Change -46.47% -178.07%
% of Operating Profit
Other Income/Expense, Net -$238.0K $502.0K
YoY Change -67.66% -153.63%
Pretax Income -$199.7M -$12.62M
YoY Change 1966.85% 39.41%
Income Tax -$12.00M $16.43M
% Of Pretax Income
Net Earnings -$187.7M -$29.05M
YoY Change 1879.29% 242.3%
Net Earnings / Revenue -249.71% -36.74%
Basic Earnings Per Share -$4.67 -$0.72
Diluted Earnings Per Share -$4.67 -$0.72
COMMON SHARES
Basic Shares Outstanding 39.86M shares 39.85M shares
Diluted Shares Outstanding 40.23M shares 40.22M shares

Balance Sheet

Concept 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $78.45M $60.90M
YoY Change 160.54% 103.96%
Cash & Equivalents $78.45M $60.90M
Short-Term Investments
Other Short-Term Assets $10.91M $8.715M
YoY Change 35.75% -32.67%
Inventory $58.07M $64.25M
Prepaid Expenses
Receivables $49.48M $51.60M
Other Receivables $0.00 $0.00
Total Short-Term Assets $196.9M $185.5M
YoY Change 29.06% 16.77%
LONG-TERM ASSETS
Property, Plant & Equipment $40.89M $42.56M
YoY Change -10.24% -7.4%
Goodwill $0.00 $159.2M
YoY Change -100.0% -20.69%
Intangibles $81.57M $103.9M
YoY Change -39.13% -26.81%
Long-Term Investments
YoY Change
Other Assets $5.471M $8.481M
YoY Change -49.01% -20.9%
Total Long-Term Assets $127.9M $314.1M
YoY Change -67.22% -21.34%
TOTAL ASSETS
Total Short-Term Assets $196.9M $185.5M
Total Long-Term Assets $127.9M $314.1M
Total Assets $324.8M $499.6M
YoY Change -40.15% -10.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.15M $37.65M
YoY Change -1.26% 8.54%
Accrued Expenses $32.61M $29.24M
YoY Change 49.75% 10.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $85.87M $78.04M
YoY Change 23.33% 6.08%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $14.35M $2.602M
YoY Change 365.55% -26.16%
Total Long-Term Liabilities $14.35M $2.602M
YoY Change 365.55% -26.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $85.87M $78.04M
Total Long-Term Liabilities $14.35M $2.602M
Total Liabilities $106.1M $98.40M
YoY Change -26.9% -34.51%
SHAREHOLDERS EQUITY
Retained Earnings -$381.8M -$194.0M
YoY Change 101.57% 7.85%
Common Stock $609.0M $605.7M
YoY Change 2.07% 1.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $218.7M $401.2M
YoY Change
Total Liabilities & Shareholders Equity $324.8M $499.6M
YoY Change -40.16% -10.5%

Cashflow Statement

Concept 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income -$187.7M -$29.05M
YoY Change 1879.29% 242.3%
Depreciation, Depletion And Amortization $7.522M $6.683M
YoY Change -4.03% -14.52%
Cash From Operating Activities -$12.53M $5.267M
YoY Change -1014.31% -29.76%
INVESTING ACTIVITIES
Capital Expenditures $3.857M $555.0K
YoY Change 479.13% -143.33%
Acquisitions
YoY Change
Other Investing Activities $33.26M -$1.236M
YoY Change -2347.36% 1.73%
Cash From Investing Activities $29.40M -$1.791M
YoY Change -1470.18% -28.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 694.0K -352.0K
YoY Change -26.25% -441.75%
NET CHANGE
Cash From Operating Activities -12.53M 5.267M
Cash From Investing Activities 29.40M -1.791M
Cash From Financing Activities 694.0K -352.0K
Net Change In Cash 17.57M 3.124M
YoY Change 10549.7% -38.82%
FREE CASH FLOW
Cash From Operating Activities -$12.53M $5.267M
Capital Expenditures $3.857M $555.0K
Free Cash Flow -$16.38M $4.712M
YoY Change -2427.13% -46.33%

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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Equipment On Lease
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
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us-gaap Gain Loss On Disposition Of Assets1
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q4 us-gaap Contract With Customer Liability
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us-gaap Contract With Customer Liability Revenue Recognized
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CY2023Q2 us-gaap Inventory Raw Materials
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CY2023Q4 us-gaap Inventory Work In Process
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CY2023Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
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CY2023Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
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CY2023Q4 us-gaap Inventory Net
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CY2023Q2 us-gaap Inventory Net
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CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
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CY2023Q2 us-gaap Inventory Valuation Reserves
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us-gaap Number Of Reporting Units
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CY2023Q2 us-gaap Goodwill
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CY2023Q3 us-gaap Goodwill Foreign Currency Translation Gain Loss
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CY2023Q3 us-gaap Goodwill
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CY2023Q4 us-gaap Goodwill
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CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2023Q4 us-gaap Amortization Of Intangible Assets
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CY2022Q4 us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
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CY2023Q4 ango Finite Lived Intangible Asset Expected Amortization After Year Four
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CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2023Q4 ango Accrued Research And Development Current
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2202000 usd
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CY2023Q4 us-gaap Sales And Excise Tax Payable Current
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CY2023Q4 ango Deferred Warranties
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CY2023Q2 ango Deferred Warranties
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CY2023Q4 us-gaap Customer Refund Liability Current
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CY2023Q4 ango Accrued Freight
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CY2023Q2 ango Accrued Freight
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450000 usd
CY2023Q4 ango Accrued Litigation Matters Current
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CY2023Q2 ango Accrued Litigation Matters Current
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262000 usd
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CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
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CY2023Q2 us-gaap Accrued Liabilities Current
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CY2023Q4 ango Effective Income Tax Rate Reconciliation Before Discreet Items Percent
EffectiveIncomeTaxRateReconciliationBeforeDiscreetItemsPercent
0.237
CY2022Q4 ango Effective Income Tax Rate Reconciliation Before Discreet Items Percent
EffectiveIncomeTaxRateReconciliationBeforeDiscreetItemsPercent
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CY2023Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2022Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
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us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P3Y
CY2023Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40219000 shares
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39490000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40030000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39394000 shares
CY2023Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2022Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
73000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2023Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40219000 shares
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39490000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40103000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39394000 shares
CY2023Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4361000 shares
CY2022Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3793000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3955000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3793000 shares
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
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us-gaap Number Of Operating Segments
NumberOfOperatingSegments
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CY2023Q4 us-gaap Assets
Assets
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CY2023Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2022Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2023Q4 us-gaap Gross Profit
GrossProfit
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CY2022Q4 us-gaap Gross Profit
GrossProfit
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us-gaap Gross Profit
GrossProfit
80322000 usd
us-gaap Gross Profit
GrossProfit
87383000 usd
CY2023Q4 ango Gross Margin Percentage
GrossMarginPercentage
0.509
CY2022Q4 ango Gross Margin Percentage
GrossMarginPercentage
0.528
ango Gross Margin Percentage
GrossMarginPercentage
0.509
ango Gross Margin Percentage
GrossMarginPercentage
0.523
CY2023Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2022Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
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CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
221000 usd
CY2023Q4 ango Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Currency Gain Loss From Remeasurement
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityCurrencyGainLossFromRemeasurement
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CY2023Q4 ango Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Contingent Consideration Payment
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityContingentConsiderationPayment
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CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
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CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
19296000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
91000 usd
ango Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Currency Gain Loss From Remeasurement
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityCurrencyGainLossFromRemeasurement
0 usd
ango Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Contingent Consideration Payment
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityContingentConsiderationPayment
10000000 usd
CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
9387000 usd
CY2023Q4 ango Undiscounted Contingent Consideration Disclosure
UndiscountedContingentConsiderationDisclosure
10000000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4104000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5113000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1652000 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1922000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2568000 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3316000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
4220000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
5238000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y8M26D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.046
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
992000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1584000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1356000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
400000 usd
CY2023Q4 ango Lessee Operating Lease Liability To Be Paid After Year Three
LesseeOperatingLeaseLiabilityToBePaidAfterYearThree
174000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4506000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
286000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
4220000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1652000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2568000 usd
CY2023Q4 us-gaap Operating Lease Expense
OperatingLeaseExpense
600000 usd
CY2022Q4 us-gaap Operating Lease Expense
OperatingLeaseExpense
700000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
1300000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
1400000 usd
CY2023Q4 us-gaap Operating Lease Expense
OperatingLeaseExpense
627000 usd
CY2022Q4 us-gaap Operating Lease Expense
OperatingLeaseExpense
680000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
1254000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
1350000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1064000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1384000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
381000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2023Q4 ango Acquisition Restructuring And Other Items Net
AcquisitionRestructuringAndOtherItemsNet
6188000 usd
CY2022Q4 ango Acquisition Restructuring And Other Items Net
AcquisitionRestructuringAndOtherItemsNet
3059000 usd
ango Acquisition Restructuring And Other Items Net
AcquisitionRestructuringAndOtherItemsNet
9400000 usd
ango Acquisition Restructuring And Other Items Net
AcquisitionRestructuringAndOtherItemsNet
8640000 usd
CY2022Q4 us-gaap Payments For Previous Acquisition
PaymentsForPreviousAcquisition
3500000 usd
CY2023Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
ango-20231130_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
ango-20231130_def.xml Edgar Link unprocessable
ango-20231130_lab.xml Edgar Link unprocessable
ango-20231130_pre.xml Edgar Link unprocessable
0001628280-24-000857-index-headers.html Edgar Link pending
0001628280-24-000857-index.html Edgar Link pending
0001628280-24-000857.txt Edgar Link pending
0001628280-24-000857-xbrl.zip Edgar Link pending
a11302023-exx311.htm Edgar Link pending
a11302023-exx312.htm Edgar Link pending
a11302023-exx321.htm Edgar Link pending
a11302023-exx322.htm Edgar Link pending
ango-20231130.htm Edgar Link pending
ango-20231130.xsd Edgar Link pending
ango-20231130_g1.gif Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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ango-20231130_htm.xml Edgar Link completed
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report.css Edgar Link pending
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