2013 Q4 Form 10-Q Financial Statement

#000119312513434578 Filed on November 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $77.06M $64.43M $72.19M
YoY Change -0.13% -10.75% -2.84%
Cost Of Revenue $58.70M $48.18M $56.07M
YoY Change -1.01% -14.07% -3.5%
Gross Profit $18.29M $16.26M $16.12M
YoY Change 2.45% 0.82% -0.47%
Gross Profit Margin 23.74% 25.23% 22.34%
Selling, General & Admin $11.50M $8.979M $9.677M
YoY Change 9.52% -7.21% -2.25%
% of Gross Profit 62.88% 55.23% 60.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.700M $2.840M $2.699M
YoY Change 12.5% 5.22% 7.96%
% of Gross Profit 14.76% 17.47% 16.74%
Operating Expenses $14.30M $43.66M $68.44M
YoY Change 10.85% -36.21% 456.44%
Operating Profit $3.990M $20.78M $3.748M
YoY Change -19.43% 454.35% -3.9%
Interest Expense $0.00 -$200.0K $0.00
YoY Change -100.0% -100.0%
% of Operating Profit 0.0% -0.96% 0.0%
Other Income/Expense, Net -$100.0K -$565.0K -$217.0K
YoY Change -66.67% 160.37% -27.67%
Pretax Income $4.000M $20.21M $3.531M
YoY Change -21.57% 472.42% 3.85%
Income Tax -$2.100M $7.057M $1.498M
% Of Pretax Income -52.5% 34.91% 42.42%
Net Earnings -$1.500M $12.71M $1.528M
YoY Change -145.19% 731.48% -45.43%
Net Earnings / Revenue -1.95% 19.72% 2.12%
Basic Earnings Per Share -$0.14 $1.23 $0.15
Diluted Earnings Per Share -$0.14 $1.22 $0.15
COMMON SHARES
Basic Shares Outstanding 10.36M shares 10.36M shares 10.34M shares
Diluted Shares Outstanding 10.41M shares 10.38M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $97.90M $92.30M $71.80M
YoY Change 24.08% 28.55% -11.25%
Cash & Equivalents $97.91M $92.28M $71.84M
Short-Term Investments
Other Short-Term Assets $9.968M $10.74M $13.30M
YoY Change -34.55% -19.29% 13.68%
Inventory $64.13M $73.03M $78.60M
Prepaid Expenses
Receivables $50.30M $43.20M $50.50M
Other Receivables $24.50M $16.00M $14.00M
Total Short-Term Assets $246.8M $235.2M $228.2M
YoY Change 3.87% 3.07% -2.06%
LONG-TERM ASSETS
Property, Plant & Equipment $151.3M $151.7M $150.4M
YoY Change 0.66% 0.88% 1.01%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.670M $12.20M $13.50M
YoY Change -72.41% -9.63% -2.17%
Other Assets $6.516M $7.205M $28.50M
YoY Change 0.77% -74.72% 18.75%
Total Long-Term Assets $255.9M $290.5M $294.3M
YoY Change -13.43% -1.3% -1.57%
TOTAL ASSETS
Total Short-Term Assets $246.8M $235.2M $228.2M
Total Long-Term Assets $255.9M $290.5M $294.3M
Total Assets $502.7M $525.7M $522.5M
YoY Change -5.72% 0.61% -1.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.77M $17.38M $16.80M
YoY Change -0.45% 3.46% -16.42%
Accrued Expenses $10.50M $11.00M $13.20M
YoY Change -7.89% -16.67% -9.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $13.30M $13.30M $13.30M
YoY Change 0.0% 0.0% 0.0%
Total Short-Term Liabilities $86.67M $81.84M $85.10M
YoY Change 0.29% -3.83% -8.89%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $565.0K $782.0K $237.9M
YoY Change -45.67% -99.67% 5.59%
Total Long-Term Liabilities $565.0K $782.0K $237.9M
YoY Change -45.67% -99.67% 5.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $86.67M $81.84M $85.10M
Total Long-Term Liabilities $565.0K $782.0K $237.9M
Total Liabilities $267.7M $319.7M $323.0M
YoY Change -21.52% -1.03% 1.35%
SHAREHOLDERS EQUITY
Retained Earnings $144.6M $148.0M
YoY Change 3.56%
Common Stock $136.2M $135.8M
YoY Change 1.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $235.0M $206.0M $199.5M
YoY Change
Total Liabilities & Shareholders Equity $502.7M $525.7M $522.5M
YoY Change -5.72% 0.61% -1.79%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income -$1.500M $12.71M $1.528M
YoY Change -145.19% 731.48% -45.43%
Depreciation, Depletion And Amortization $2.700M $2.840M $2.699M
YoY Change 12.5% 5.22% 7.96%
Cash From Operating Activities $8.810M $6.990M $270.0K
YoY Change -19.62% 2488.89% -97.93%
INVESTING ACTIVITIES
Capital Expenditures -$1.550M -$3.530M -$2.060M
YoY Change -18.85% 71.36% -61.5%
Acquisitions
YoY Change
Other Investing Activities $10.00K -$50.00K $330.0K
YoY Change -133.33% -115.15% -1750.0%
Cash From Investing Activities -$1.540M -$3.580M -$1.730M
YoY Change -20.21% 106.94% -67.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.720M -1.860M -1.860M
YoY Change -4.97% 0.0% 0.0%
NET CHANGE
Cash From Operating Activities 8.810M 6.990M 270.0K
Cash From Investing Activities -1.540M -3.580M -1.730M
Cash From Financing Activities -1.720M -1.860M -1.860M
Net Change In Cash 5.550M 1.550M -3.320M
YoY Change -23.13% -146.69% -157.34%
FREE CASH FLOW
Cash From Operating Activities $8.810M $6.990M $270.0K
Capital Expenditures -$1.550M -$3.530M -$2.060M
Free Cash Flow $10.36M $10.52M $2.330M
YoY Change -19.5% 351.5% -87.32%

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