2024 Q3 Form 10-K Financial Statement

#000162828024032989 Filed on July 25, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2024
Revenue $67.49M $70.98M $303.9M
YoY Change -14.22% -22.06% -10.28%
Cost Of Revenue $30.77M $32.47M $149.2M
YoY Change -20.33% -27.4% -9.29%
Gross Profit $36.72M $38.52M $154.7M
YoY Change -8.33% -16.92% -11.22%
Gross Profit Margin 54.41% 54.26% 50.9%
Selling, General & Admin $36.58M $35.02M $144.0M
YoY Change -4.3% -4.1% -0.19%
% of Gross Profit 99.61% 90.93% 93.07%
Research & Development $6.285M $6.724M $31.51M
YoY Change -20.85% -14.45% 5.45%
% of Gross Profit 17.11% 17.46% 20.37%
Depreciation & Amortization $6.785M $6.817M $27.71M
YoY Change 1.42% -9.79% -10.24%
% of Gross Profit 18.48% 17.7% 17.91%
Operating Expenses $49.82M $44.55M $189.0M
YoY Change -5.77% -9.13% -3.21%
Operating Profit -$13.10M -$6.034M -$34.28M
YoY Change -137.39% 126.5% 63.23%
Interest Expense $606.0K $567.0K $1.614M
YoY Change -609.24% -162.93% -159.73%
% of Operating Profit
Other Income/Expense, Net $433.0K -$259.0K -$817.0K
YoY Change -356.21% 103.94% 47.47%
Pretax Income -$12.67M -$14.14M -$191.6M
YoY Change -136.33% -35.33% 252.04%
Income Tax $133.0K -$692.0K -$7.289M
% Of Pretax Income
Net Earnings -$12.80M -$13.45M -$184.3M
YoY Change -127.89% -37.35% 251.53%
Net Earnings / Revenue -18.96% -18.95% -60.66%
Basic Earnings Per Share -$0.31 -$4.59
Diluted Earnings Per Share -$0.31 -$0.33 -$4.59
COMMON SHARES
Basic Shares Outstanding 40.28M shares 40.05M shares 40.18M shares
Diluted Shares Outstanding 40.65M shares 40.18M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $55.01M $76.06M $76.06M
YoY Change -4.51% 70.45% 70.45%
Cash & Equivalents $55.01M $76.06M $76.06M
Short-Term Investments $913.0K $913.0K
Other Short-Term Assets $13.33M $12.97M $12.97M
YoY Change 62.51% 20.43% 20.43%
Inventory $64.70M $60.62M $60.62M
Prepaid Expenses
Receivables $39.56M $43.61M $43.61M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $172.6M $193.3M $193.3M
YoY Change -1.64% 18.17% 18.17%
LONG-TERM ASSETS
Property, Plant & Equipment $34.38M $35.67M $35.67M
YoY Change -20.71% -19.64% -19.64%
Goodwill $0.00
YoY Change -100.0%
Intangibles $75.77M $77.38M
YoY Change -28.96% -30.38%
Long-Term Investments
YoY Change
Other Assets $10.88M $11.37M $11.37M
YoY Change 15.41% -79.07% -79.07%
Total Long-Term Assets $121.0M $124.4M $124.4M
YoY Change -62.0% -66.29% -66.29%
TOTAL ASSETS
Total Short-Term Assets $172.6M $193.3M $193.3M
Total Long-Term Assets $121.0M $124.4M $124.4M
Total Assets $293.6M $317.7M $317.7M
YoY Change -40.55% -40.36% -40.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $31.27M $37.75M $37.75M
YoY Change 26.06% -6.66% -6.66%
Accrued Expenses $34.11M $41.10M $41.10M
YoY Change 30.79% 54.41% 54.41%
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 $76.70M $91.16M $91.16M
YoY Change 33.5% 8.74% 8.74%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $15.72M $16.08M $16.08M
YoY Change 428.26% 103.91% 103.91%
Total Long-Term Liabilities $15.72M $16.08M $16.08M
YoY Change 428.26% -72.14% -72.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $76.70M $91.16M $91.16M
Total Long-Term Liabilities $15.72M $16.08M $16.08M
Total Liabilities $97.05M $112.1M $112.1M
YoY Change 46.72% -27.38% -27.38%
SHAREHOLDERS EQUITY
Retained Earnings -$408.0M -$395.2M
YoY Change 147.32% 87.43%
Common Stock $614.1M $610.9M
YoY Change 1.65% 1.88%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.714M
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity $196.6M $205.6M $205.6M
YoY Change
Total Liabilities & Shareholders Equity $293.6M $317.7M $317.7M
YoY Change -40.55% -40.36% -40.36%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2024
OPERATING ACTIVITIES
Net Income -$12.80M -$13.45M -$184.3M
YoY Change -127.89% -37.35% 251.53%
Depreciation, Depletion And Amortization $6.785M $6.817M $27.71M
YoY Change 1.42% -9.79% -10.24%
Cash From Operating Activities -$18.25M $5.001M -$28.16M
YoY Change -29.52% -68.65% -36200.0%
INVESTING ACTIVITIES
Capital Expenditures $1.092M $566.0K $5.768M
YoY Change 38.05% -46.4% 32.54%
Acquisitions
YoY Change
Other Investing Activities -$1.313M -$1.770M $129.5M
YoY Change -101.32% 275.0% -2500.54%
Cash From Investing Activities -$2.405M -$2.336M $123.7M
YoY Change -102.44% 52.88% -1369.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $752.0K
YoY Change -35.78%
Debt Paid & Issued, Net $0.00 $50.00M
YoY Change -100.0% 11.11%
Cash From Financing Activities -$509.0K -5.000M -64.25M
YoY Change -99.15% -352.75%
NET CHANGE
Cash From Operating Activities -$18.25M 5.001M -28.16M
Cash From Investing Activities -$2.405M -2.336M 123.7M
Cash From Financing Activities -$509.0K -5.000M -64.25M
Net Change In Cash -$21.05M -2.335M 31.31M
YoY Change -262.36% -116.19% 98.77%
FREE CASH FLOW
Cash From Operating Activities -$18.25M $5.001M -$28.16M
Capital Expenditures $1.092M $566.0K $5.768M
Free Cash Flow -$19.35M $4.435M -$33.93M
YoY Change -27.52% -70.23% 693.78%

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CY2022 us-gaap Proceeds From Stock Options Exercised
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CY2023 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
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CY2024 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
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CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
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CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2024Q2 us-gaap Operating Lease Liability
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CY2024 us-gaap Operating Lease Expense
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3057000 usd
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2946000 usd
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3400000 usd
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1594000 usd
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2120000 usd
CY2024 ecd Insider Trd Policies Proc Adopted Flag
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true

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