2013 Q3 Form 10-Q Financial Statement

#000115752313003914 Filed on August 06, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2013 Q2 2013 Q1
Revenue $17.75M $20.83M $15.25M
YoY Change 20.2% 6.13% 6.17%
Cost Of Revenue $5.380M $6.311M $4.841M
YoY Change -25.5% -21.93% -24.52%
Gross Profit $12.38M $14.52M $10.41M
YoY Change 81.14% 34.44% 44.53%
Gross Profit Margin 69.75% 69.7% 68.25%
Selling, General & Admin $3.190M $3.401M $3.947M
YoY Change -11.43% -17.23% 17.79%
% of Gross Profit 25.77% 23.43% 37.93%
Research & Development $1.620M $1.829M $1.583M
YoY Change 33.1% 40.89% 3.25%
% of Gross Profit 13.09% 12.6% 15.21%
Depreciation & Amortization $1.310M $1.070M $1.202M
YoY Change 11.02% -10.08% 21.81%
% of Gross Profit 10.58% 7.37% 11.55%
Operating Expenses $4.810M $5.230M $5.530M
YoY Change -0.18% -3.27% 13.22%
Operating Profit $7.570M $9.398M $5.011M
YoY Change 177.62% 53.22% 63.61%
Interest Expense -$30.00K -$36.38K -$39.56K
YoY Change -33.57% -25.95% -22.74%
% of Operating Profit -0.4% -0.39% -0.79%
Other Income/Expense, Net
YoY Change
Pretax Income $7.730M $9.362M $4.972M
YoY Change 188.26% 53.86% 65.08%
Income Tax $2.780M $3.467M $1.904M
% Of Pretax Income 35.96% 37.03% 38.29%
Net Earnings $4.960M $5.895M $3.068M
YoY Change 201.47% 57.75% 60.45%
Net Earnings / Revenue 27.94% 28.3% 20.12%
Basic Earnings Per Share $0.44 $0.23
Diluted Earnings Per Share $331.6K $0.40 $0.21
COMMON SHARES
Basic Shares Outstanding 13.66M shares 13.51M shares 13.41M shares
Diluted Shares Outstanding 14.58M shares 14.36M shares

Balance Sheet

Concept 2013 Q3 2013 Q2 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $64.10M $54.10M $51.00M
YoY Change 60.65% 42.74% 50.0%
Cash & Equivalents $64.10M $54.14M $50.97M
Short-Term Investments
Other Short-Term Assets $2.900M $2.900M $3.000M
YoY Change -12.12% -9.38% -21.05%
Inventory $11.60M $10.36M $9.948M
Prepaid Expenses
Receivables $16.50M $19.07M $14.78M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $95.00M $86.47M $78.69M
YoY Change 38.88% 24.25% 22.96%
LONG-TERM ASSETS
Property, Plant & Equipment $33.30M $33.85M $34.48M
YoY Change -7.34% -7.07% -6.05%
Goodwill $8.923M $8.792M
YoY Change 3.43% -3.91%
Intangibles $19.00M $19.23M
YoY Change -11.67%
Long-Term Investments
YoY Change
Other Assets $100.0K $200.0K $200.0K
YoY Change -50.0% 0.0% 0.0%
Total Long-Term Assets $61.90M $61.92M $62.66M
YoY Change -6.88% -7.27% -9.45%
TOTAL ASSETS
Total Short-Term Assets $95.00M $86.47M $78.69M
Total Long-Term Assets $61.90M $61.92M $62.66M
Total Assets $156.9M $148.4M $141.4M
YoY Change 16.33% 8.81% 6.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.100M $2.700M $2.697M
YoY Change 10.09% -31.51% -30.86%
Accrued Expenses $5.200M $4.504M $4.253M
YoY Change 18.48% 5.33% -1.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.600M $1.600M $1.600M
YoY Change 0.0% 0.0% 0.0%
Total Short-Term Liabilities $10.40M $11.70M $10.74M
YoY Change -14.44% -23.09% -16.74%
LONG-TERM LIABILITIES
Long-Term Debt $6.800M $7.200M $7.600M
YoY Change -19.05% -18.18% -17.39%
Other Long-Term Liabilities $3.200M $1.264M $1.294M
YoY Change 107.9% -17.63% -78.07%
Total Long-Term Liabilities $10.00M $8.464M $8.894M
YoY Change 0.61% -18.1% -41.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.40M $11.70M $10.74M
Total Long-Term Liabilities $10.00M $8.464M $8.894M
Total Liabilities $28.70M $20.17M $19.63M
YoY Change 29.9% -21.07% -43.9%
SHAREHOLDERS EQUITY
Retained Earnings $54.97M $49.08M
YoY Change 37.77%
Common Stock $140.2K $140.1K
YoY Change 1.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $128.2M $119.4M $112.8M
YoY Change
Total Liabilities & Shareholders Equity $156.9M $148.4M $141.4M
YoY Change 16.33% 8.81% 6.12%

Cashflow Statement

Concept 2013 Q3 2013 Q2 2013 Q1
OPERATING ACTIVITIES
Net Income $4.960M $5.895M $3.068M
YoY Change 201.47% 57.75% 60.45%
Depreciation, Depletion And Amortization $1.310M $1.070M $1.202M
YoY Change 11.02% -10.08% 21.81%
Cash From Operating Activities $7.530M $3.560M $6.069M
YoY Change 240.72% -31.8% -459.18%
INVESTING ACTIVITIES
Capital Expenditures -$130.0K -$70.00K $35.80K
YoY Change -7.14% -92.47% -84.02%
Acquisitions
YoY Change
Other Investing Activities $280.0K $110.0K $140.0K
YoY Change
Cash From Investing Activities $160.0K $40.00K $99.81K
YoY Change -214.29% -104.3% -144.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $400.0K
YoY Change 0.0%
Cash From Financing Activities 2.160M -420.0K 761.7K
YoY Change -1450.0% 16.67% 600.49%
NET CHANGE
Cash From Operating Activities 7.530M 3.560M 6.069M
Cash From Investing Activities 160.0K 40.00K 99.81K
Cash From Financing Activities 2.160M -420.0K 761.7K
Net Change In Cash 9.850M 3.180M 6.930M
YoY Change 415.71% -19.08% -483.96%
FREE CASH FLOW
Cash From Operating Activities $7.530M $3.560M $6.069M
Capital Expenditures -$130.0K -$70.00K $35.80K
Free Cash Flow $7.660M $3.630M $6.033M
YoY Change 225.96% -40.98% -415.25%

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