2017 Q4 Form 10-Q Financial Statement

#000119312517338325 Filed on November 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q4
Revenue $114.4M $103.9M $92.13M
YoY Change 24.23% 25.37% 66.51%
Cost Of Revenue $52.80M $87.35M $80.70M
YoY Change -34.57% 29.85% 70.97%
Gross Profit $20.75M $16.59M $11.45M
YoY Change 81.18% 6.39% 40.87%
Gross Profit Margin 18.13% 15.97% 12.43%
Selling, General & Admin $15.50M $14.22M $14.40M
YoY Change 7.64% -5.5% 18.03%
% of Gross Profit 74.69% 85.7% 125.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.400M $5.500M $5.500M
YoY Change -20.0% 0.0% 120.0%
% of Gross Profit 21.2% 33.15% 48.02%
Operating Expenses $19.90M $107.1M $19.90M
YoY Change 0.0% 21.98% 35.37%
Operating Profit $852.0K -$3.239M -$8.446M
YoY Change -110.09% -34.45% 28.57%
Interest Expense -$400.0K -$700.0K -$1.000M
YoY Change -60.0% 16.67%
% of Operating Profit -46.95%
Other Income/Expense, Net -$700.0K -$468.0K -$1.400M
YoY Change -50.0% -53.25% 366.67%
Pretax Income -$6.800M -$3.707M -$42.10M
YoY Change -83.85% -37.61% -668.92%
Income Tax -$1.100M -$1.804M $1.100M
% Of Pretax Income
Net Earnings -$3.191M -$2.202M -$43.06M
YoY Change -92.59% -91.96% -1392.38%
Net Earnings / Revenue -2.79% -2.12% -46.74%
Basic Earnings Per Share -$0.26 -$0.18 -$3.51
Diluted Earnings Per Share -$0.26 -$0.18 -$3.51
COMMON SHARES
Basic Shares Outstanding 12.36M shares 12.36M 12.27M shares
Diluted Shares Outstanding 12.36M

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.70M $25.40M $38.60M
YoY Change -51.55% -41.61% -59.41%
Cash & Equivalents $18.66M $25.37M $38.58M
Short-Term Investments
Other Short-Term Assets $11.32M $21.15M $14.07M
YoY Change -19.57% 58.48% 377.21%
Inventory $93.45M $102.2M $83.58M
Prepaid Expenses
Receivables $81.70M $83.50M $72.10M
Other Receivables $13.00M $13.00M $13.00M
Total Short-Term Assets $240.2M $245.6M $221.5M
YoY Change 8.48% 8.92% 0.81%
LONG-TERM ASSETS
Property, Plant & Equipment $204.1M $215.7M $214.4M
YoY Change -4.79% 3.56% 45.94%
Goodwill
YoY Change
Intangibles $11.02M $11.32M $11.60M
YoY Change -5.0% -17.97% 872.42%
Long-Term Investments $2.200M $2.200M $2.000M
YoY Change 10.0% -21.43% 13.83%
Other Assets $7.659M $8.256M $8.628M
YoY Change -11.23% 8.9% 37.41%
Total Long-Term Assets $325.4M $329.4M $344.4M
YoY Change -5.54% -9.04% 20.23%
TOTAL ASSETS
Total Short-Term Assets $240.2M $245.6M $221.5M
Total Long-Term Assets $325.4M $329.4M $344.4M
Total Assets $565.6M $575.0M $565.9M
YoY Change -0.05% -2.14% 11.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.44M $47.88M $37.10M
YoY Change -4.48% 40.56% 165.81%
Accrued Expenses $27.30M $26.30M $24.10M
YoY Change 13.28% 20.09% 125.23%
Deferred Revenue $4.574M $6.661M $6.786M
YoY Change -32.6%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $19.34M $19.42M $26.83M
YoY Change -27.92% 1.65% 101.53%
Total Short-Term Liabilities $144.7M $145.9M $144.3M
YoY Change 0.26% 9.49% 77.41%
LONG-TERM LIABILITIES
Long-Term Debt $46.82M $46.86M $25.39M
YoY Change 84.4% 83.15%
Other Long-Term Liabilities $416.0K $526.0K $655.0K
YoY Change -36.49% -19.57% -22.85%
Total Long-Term Liabilities $47.23M $47.39M $26.04M
YoY Change 81.36% 80.59% 2967.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $144.7M $145.9M $144.3M
Total Long-Term Liabilities $47.23M $47.39M $26.04M
Total Liabilities $403.8M $421.0M $416.1M
YoY Change -2.94% 8.19% 41.16%
SHAREHOLDERS EQUITY
Retained Earnings $38.35M $35.45M $45.44M
YoY Change -15.61% -60.45% -64.97%
Common Stock $165.4M $165.2M $163.4M
YoY Change 1.22% 1.34% 17.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $158.9M $151.4M $147.9M
YoY Change
Total Liabilities & Shareholders Equity $565.6M $575.0M $565.9M
YoY Change -0.05% -2.14% 11.8%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q4
OPERATING ACTIVITIES
Net Income -$3.191M -$2.202M -$43.06M
YoY Change -92.59% -91.96% -1392.38%
Depreciation, Depletion And Amortization $4.400M $5.500M $5.500M
YoY Change -20.0% 0.0% 120.0%
Cash From Operating Activities $110.0K -$5.390M $7.540M
YoY Change -98.54% -508.33% -37.27%
INVESTING ACTIVITIES
Capital Expenditures -$3.270M -$3.510M -$5.050M
YoY Change -35.25% 21.03% 125.45%
Acquisitions
YoY Change
Other Investing Activities -$1.330M $130.0K -$3.290M
YoY Change -59.57% 333.33% -8325.0%
Cash From Investing Activities -$4.600M -$3.380M -$8.340M
YoY Change -44.84% 17.36% 279.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -580.0K 12.31M -3.180M
YoY Change -81.76% -992.03% 69.15%
NET CHANGE
Cash From Operating Activities 110.0K -5.390M 7.540M
Cash From Investing Activities -4.600M -3.380M -8.340M
Cash From Financing Activities -580.0K 12.31M -3.180M
Net Change In Cash -5.070M 3.540M -3.980M
YoY Change 27.39% -220.41% -150.13%
FREE CASH FLOW
Cash From Operating Activities $110.0K -$5.390M $7.540M
Capital Expenditures -$3.270M -$3.510M -$5.050M
Free Cash Flow $3.380M -$1.880M $12.59M
YoY Change -73.15% -144.55% -11.71%

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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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us-gaap Standard Product Warranty Accrual Warranties Issued
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us-gaap Gain Loss On Disposition Of Assets
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us-gaap Business Acquisitions Pro Forma Net Income Loss
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
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us-gaap Standard Product Warranty Accrual Payments
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us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
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us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
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us-gaap Standard Product Warranty Accrual Warranties Issued
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2818000
CY2016 ap Percentage Attributable To Settlement Costs For Unasserted Claims Projected To Be Filed Through Two Thousand Twenty And Future Defense Costs
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CY2016Q3 us-gaap Allocated Share Based Compensation Expense
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CY2016Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2016Q3 us-gaap Cost Of Goods Sold Excluding Depreciation Depletion And Amortization
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CY2016Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2016Q3 us-gaap Income Loss From Equity Method Investments
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OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2016Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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CY2016Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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CY2016Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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CY2016Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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167000
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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CY2016Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
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CY2017Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2017Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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CY2017Q3 us-gaap Income Loss From Equity Method Investments
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CY2017Q3 us-gaap Interest Expense Debt
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CY2017Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2017Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
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945000
CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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4003000
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217000
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0
CY2017Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
652000
CY2017Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
0
CY2017Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
3526000
CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
0
CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
19000
CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
0
CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
150000
CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
0
CY2017Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14243000
CY2017Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
1169000
CY2017Q3 us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
0
CY2017Q3 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-328000
CY2017Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1011000
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12361000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12361000 shares

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