2017 Q2 Form 10-Q Financial Statement
#000162828017008218 Filed on August 07, 2017
Income Statement
Concept | 2017 Q2 | 2017 Q1 | 2016 Q2 |
---|---|---|---|
Revenue | $15.15M | $11.60M | $6.960M |
YoY Change | 117.72% | -49.64% | -62.75% |
Cost Of Revenue | $10.00M | -$30.75M | $21.10M |
YoY Change | -52.61% | -258.67% | 28.59% |
Gross Profit | $5.152M | $3.210M | $1.961M |
YoY Change | 162.72% | -12.1% | -13.76% |
Gross Profit Margin | 34.0% | 27.67% | 28.18% |
Selling, General & Admin | $4.495M | $390.0K | $6.549M |
YoY Change | -31.36% | -93.43% | -1.83% |
% of Gross Profit | 87.25% | 12.15% | 333.96% |
Research & Development | $2.174M | $220.0K | $2.835M |
YoY Change | -23.32% | -92.88% | 2.94% |
% of Gross Profit | 42.2% | 6.85% | 144.57% |
Depreciation & Amortization | $252.0K | -$3.720M | $2.090M |
YoY Change | -87.94% | -257.63% | -6.7% |
% of Gross Profit | 4.89% | -115.89% | 106.58% |
Operating Expenses | $6.669M | $5.977M | $7.716M |
YoY Change | -13.57% | -33.79% | -18.13% |
Operating Profit | -$1.517M | -$2.767M | -$5.755M |
YoY Change | -73.64% | -48.53% | -19.52% |
Interest Expense | -$2.620M | -$3.210M | -$690.0K |
YoY Change | 279.71% | 597.83% | 40.82% |
% of Operating Profit | |||
Other Income/Expense, Net | -$2.539M | -$92.00K | -$667.0K |
YoY Change | 280.66% | 360.0% | 34.48% |
Pretax Income | -$4.056M | -$6.083M | -$6.419M |
YoY Change | -36.81% | 3.81% | -16.06% |
Income Tax | $31.00K | -$300.0K | $296.0K |
% Of Pretax Income | |||
Net Earnings | -$4.175M | -$6.930M | -$7.412M |
YoY Change | -43.67% | 18.87% | -8.71% |
Net Earnings / Revenue | -27.55% | -59.75% | -106.49% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$62.76K | -$101.7K | -$111.8K |
COMMON SHARES | |||
Basic Shares Outstanding | 66.60M shares | 66.63M shares | 66.28M shares |
Diluted Shares Outstanding | 66.60M shares |
Balance Sheet
Concept | 2017 Q2 | 2017 Q1 | 2016 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $6.300M | $6.100M | $9.400M |
YoY Change | -32.98% | -45.54% | 51.61% |
Cash & Equivalents | $6.302M | $6.149M | $9.412M |
Short-Term Investments | |||
Other Short-Term Assets | $1.100M | $1.000M | $600.0K |
YoY Change | 83.33% | 25.0% | -33.33% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $20.14M | $10.66M | $15.65M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $27.47M | $23.67M | $25.70M |
YoY Change | 6.89% | -19.9% | 30.31% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.453M | $2.006M | $2.043M |
YoY Change | 20.07% | 36.46% | 132.69% |
Goodwill | $76.62M | $42.27M | $76.62M |
YoY Change | 0.0% | 0.0% | -0.23% |
Intangibles | $3.975M | $2.647M | $10.61M |
YoY Change | -62.54% | -78.81% | -53.41% |
Long-Term Investments | $0.00 | $1.000M | |
YoY Change | -100.0% | ||
Other Assets | $400.0K | $400.0K | $500.0K |
YoY Change | -20.0% | -20.0% | 400.0% |
Total Long-Term Assets | $83.40M | $83.92M | $90.77M |
YoY Change | -8.12% | -9.18% | -9.71% |
TOTAL ASSETS | |||
Total Short-Term Assets | $27.47M | $23.67M | $25.70M |
Total Long-Term Assets | $83.40M | $83.92M | $90.77M |
Total Assets | $110.9M | $107.6M | $116.5M |
YoY Change | -4.81% | -11.78% | -3.14% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $20.26M | $11.79M | $15.13M |
YoY Change | 33.92% | -22.96% | 41.5% |
Accrued Expenses | $9.952M | $3.011M | $10.04M |
YoY Change | -0.89% | -68.71% | 28.8% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $1.943M | $0.00 | $10.48M |
YoY Change | -81.45% | -100.0% | 203.65% |
Total Short-Term Liabilities | $35.20M | $30.77M | $39.45M |
YoY Change | -10.77% | -20.8% | 40.6% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $10.03M | $9.685M | $0.00 |
YoY Change | -100.0% | ||
Other Long-Term Liabilities | $849.0K | $697.0K | $835.0K |
YoY Change | 1.68% | -14.48% | |
Total Long-Term Liabilities | $10.87M | $10.38M | $835.0K |
YoY Change | 1202.28% | 1173.87% | -88.41% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $35.20M | $30.77M | $39.45M |
Total Long-Term Liabilities | $10.87M | $10.38M | $835.0K |
Total Liabilities | $52.14M | $45.54M | $40.28M |
YoY Change | 29.43% | 14.79% | 14.23% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$241.4M | -$237.3M | -$220.4M |
YoY Change | 9.54% | 11.39% | 14.15% |
Common Stock | $8.000K | $8.000K | $8.000K |
YoY Change | 0.0% | 0.0% | 14.29% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $71.00K | $71.00K | $71.00K |
YoY Change | 0.0% | 0.0% | 0.0% |
Treasury Stock Shares | 754.6K shares | 754.6K shares | 754.6K shares |
Shareholders Equity | $58.74M | $62.05M | $76.19M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $110.9M | $107.6M | $116.5M |
YoY Change | -4.81% | -11.78% | -3.14% |
Cashflow Statement
Concept | 2017 Q2 | 2017 Q1 | 2016 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$4.175M | -$6.930M | -$7.412M |
YoY Change | -43.67% | 18.87% | -8.71% |
Depreciation, Depletion And Amortization | $252.0K | -$3.720M | $2.090M |
YoY Change | -87.94% | -257.63% | -6.7% |
Cash From Operating Activities | -$1.404M | $790.0K | -$1.096M |
YoY Change | 28.1% | -149.07% | 226.19% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$370.0K | -$40.00K | -$470.0K |
YoY Change | -21.28% | -92.59% | 38.24% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$180.0K | ||
YoY Change | |||
Cash From Investing Activities | -$374.0K | -$220.0K | -$472.0K |
YoY Change | -20.76% | -59.26% | 38.42% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | $0.00 | ||
YoY Change | |||
Cash From Financing Activities | $1.939M | -60.00K | -$278.0K |
YoY Change | -797.48% | -60.0% | 98.57% |
NET CHANGE | |||
Cash From Operating Activities | -$1.404M | 790.0K | -$1.096M |
Cash From Investing Activities | -$374.0K | -220.0K | -$472.0K |
Cash From Financing Activities | $1.939M | -60.00K | -$278.0K |
Net Change In Cash | $161.0K | 510.0K | -$1.846M |
YoY Change | -108.72% | -122.17% | 125.95% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.404M | $790.0K | -$1.096M |
Capital Expenditures | -$370.0K | -$40.00K | -$470.0K |
Free Cash Flow | -$1.034M | $830.0K | -$626.0K |
YoY Change | 65.18% | -177.57% | -15750.0% |
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CY2017Q2 | us-gaap |
Fair Value Assumptions Expected Volatility Rate
FairValueAssumptionsExpectedVolatilityRate
|
0.73 | |
CY2017Q1 | us-gaap |
Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
|
4294000 | USD |
CY2017Q2 | us-gaap |
Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
|
6066000 | USD |
CY2016Q3 | us-gaap |
Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
|
4916000 | USD |
CY2017Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
19014000 | USD |
CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
19604000 | USD |
CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
519000 | USD |
CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
2076000 | USD |
CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
114000 | USD |
CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
114000 | USD |
CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
143000 | USD |
CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
1009000 | USD |
CY2016Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-3000 | USD |
CY2017Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-144000 | USD |
CY2017Q1 | us-gaap |
Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
116000 | USD |
CY2017Q2 | us-gaap |
Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
108000 | USD |
CY2016Q2 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
0 | USD |
CY2017Q2 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-1308000 | USD |
CY2016Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
5105000 | USD |
CY2017Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3824000 | USD |
CY2017Q1 | us-gaap |
Goodwill
Goodwill
|
76621000 | USD |
CY2017Q2 | us-gaap |
Goodwill
Goodwill
|
76621000 | USD |
CY2016Q2 | us-gaap |
Gross Profit
GrossProfit
|
2935000 | USD |
CY2017Q2 | us-gaap |
Gross Profit
GrossProfit
|
6616000 | USD |
CY2016Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-7116000 | USD |
CY2017Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-4144000 | USD |
CY2016Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
296000 | USD |
CY2017Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
31000 | USD |
CY2016Q2 | us-gaap |
Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
|
296000 | USD |
CY2017Q2 | us-gaap |
Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
|
31000 | USD |
CY2016Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-169000 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
395000 | USD |
CY2016Q2 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-1980000 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
3656000 | USD |
CY2016Q2 | us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
-66000 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
0 | USD |
CY2016Q2 | us-gaap |
Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
|
0 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
|
-1308000 | USD |
CY2016Q2 | us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
0 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
464000 | USD |
CY2016Q2 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-72000 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
194000 | USD |
CY2016Q2 | us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
419000 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
1423000 | USD |
CY2016Q2 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
0 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
67000 | USD |
CY2016Q2 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
372000 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
124000 | USD |
CY2016Q2 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-89000 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
72000 | USD |
CY2017Q1 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
23579000 | USD |
CY2017Q2 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
23579000 | USD |
CY2017Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
4565000 | USD |
CY2017Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
3975000 | USD |
CY2016Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-682000 | USD |
CY2017Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-707000 | USD |
CY2016Q2 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
80000 | USD |
CY2017Q2 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
76000 | USD |
CY2017Q2 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2017Q1 | us-gaap |
Leasehold Improvements Gross
LeaseholdImprovementsGross
|
143000 | USD |
CY2017Q2 | us-gaap |
Leasehold Improvements Gross
LeaseholdImprovementsGross
|
143000 | USD |
CY2017Q1 | us-gaap |
Liabilities
Liabilities
|
45535000 | USD |
CY2017Q2 | us-gaap |
Liabilities
Liabilities
|
52138000 | USD |
CY2017Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
107580000 | USD |
CY2017Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
110873000 | USD |
CY2017Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
30774000 | USD |
CY2017Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
35198000 | USD |
CY2016Q2 | us-gaap |
License Costs
LicenseCosts
|
19224000 | USD |
CY2017Q2 | us-gaap |
License Costs
LicenseCosts
|
18881000 | USD |
CY2017Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
0 | USD |
CY2017Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
1943000 | USD |
CY2017Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
9685000 | USD |
CY2017Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
10025000 | USD |
CY2017Q1 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
4133000 | USD |
CY2017Q2 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
4516000 | USD |
CY2016Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-278000 | USD |
CY2017Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1939000 | USD |
CY2016Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-472000 | USD |
CY2017Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-374000 | USD |
CY2016Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1096000 | USD |
CY2017Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1404000 | USD |
CY2016Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7412000 | USD |
CY2017Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4175000 | USD |
CY2016Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-667000 | USD |
CY2017Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-2620000 | USD |
CY2017Q2 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
3 | segment |
CY2017Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
100000 | USD |
CY2016Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
9384000 | USD |
CY2017Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
8140000 | USD |
CY2016Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-6449000 | USD |
CY2017Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1524000 | USD |
CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
27000 | USD |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-8000 | USD |
CY2017Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
1304000 | USD |
CY2017Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
1773000 | USD |
CY2017Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
782000 | USD |
CY2017Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
849000 | USD |
CY2016Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
18000 | USD |
CY2017Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
3000 | USD |
CY2016Q2 | us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
472000 | USD |
CY2017Q2 | us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
374000 | USD |
CY2016Q2 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
280000 | USD |
CY2017Q2 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
320000 | USD |
CY2017Q1 | us-gaap |
Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
|
1000000 | USD |
CY2017Q2 | us-gaap |
Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
|
1000000 | USD |
CY2017Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2017Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2017Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
2000000 | shares |
CY2017Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
2000000 | shares |
CY2017Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
100000 | shares |
CY2017Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
100000 | shares |
CY2017Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
100000 | shares |
CY2017Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
100000 | shares |
CY2017Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
100000 | USD |
CY2017Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
510000 | USD |
CY2017Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
582000 | USD |
CY2016Q2 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
0 | USD |
CY2017Q2 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
2250000 | USD |
CY2016Q2 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
2000 | USD |
CY2017Q2 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
9000 | USD |
CY2017Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4392000 | USD |
CY2017Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4767000 | USD |
CY2017Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2377000 | USD |
CY2017Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2453000 | USD |
CY2016Q2 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-109000 | USD |
CY2017Q2 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
75000 | USD |
CY2016Q3 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
11000000 | USD |
CY2016Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2835000 | USD |
CY2017Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2758000 | USD |
CY2017Q1 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
331000 | USD |
CY2017Q2 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
331000 | USD |
CY2017Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-237251000 | USD |
CY2016Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
1265000 | USD |
CY2017Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-241426000 | USD |
CY2016Q2 | us-gaap |
Revenues
Revenues
|
24039000 | USD |
CY2017Q2 | us-gaap |
Revenues
Revenues
|
26120000 | USD |
CY2016Q2 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
1444000 | USD |
CY2017Q2 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
1558000 | USD |
CY2016Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1223000 | USD |
CY2017Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
788000 | USD |
CY2016Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
3000 | USD |
CY2017Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
4000 | USD |
CY2017Q2 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
|
3699003 | shares |
CY2017Q2 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
|
9526233 | shares |
CY2017Q1 | us-gaap |
Share Price
SharePrice
|
0.99 | |
CY2017Q2 | us-gaap |
Share Price
SharePrice
|
1.03 | |
CY2017Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
597000 | USD |
CY2017Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
62045000 | USD |
CY2017Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
58735000 | USD |
CY2017Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
754599 | shares |
CY2017Q2 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
754599 | shares |
CY2017Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
71000 | USD |
CY2017Q2 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
71000 | USD |
CY2017Q1 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
7784000 | USD |
CY2017Q2 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
8964000 | USD |
CY2016Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
66286000 | shares |
CY2017Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
66599000 | shares |
CY2017Q2 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Concentrations of Credit Risk</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and accounts receivable. A significant portion of the Company’s cash is held at one major financial institution that the Company's management has assessed to be of high credit quality. The Company has not experienced any losses in such accounts.</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company mitigates its credit risk with respect to accounts receivable by performing credit evaluations and monitoring advertisers' and carriers' accounts receivable balances. The Company counts all advertisers and carriers within a single corporate structure as one customer, even in cases where multiple brands, branches, or divisions of an organization enter into separate contracts with the Company. As of </font><font style="font-family:inherit;font-size:10pt;">June 30, 2017</font><font style="font-family:inherit;font-size:10pt;">, two major Advertising customers represented approximately </font><font style="font-family:inherit;font-size:10pt;">15.5%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">10.1%</font><font style="font-family:inherit;font-size:10pt;"> , respectively, of the Company’s net accounts receivable balance. As of </font><font style="font-family:inherit;font-size:10pt;">March 31, 2017</font><font style="font-family:inherit;font-size:10pt;">, two major customers represented </font><font style="font-family:inherit;font-size:10pt;">11.2%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">10.7%</font><font style="font-family:inherit;font-size:10pt;"> of the Company's net accounts receivable balance, both within the Advertising business. </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">With respect to revenue concentration, the Company defines a customer as an advertiser or a carrier that is a distinct source of revenue and is legally bound to pay for the services that the Company delivers on the advertiser’s or carrier's behalf. During the </font><font style="font-family:inherit;font-size:10pt;">three months ended June 30, 2017</font><font style="font-family:inherit;font-size:10pt;">, Singapore Telecommunications Limited, a Content customer represented </font><font style="font-family:inherit;font-size:10pt;">17.1%</font><font style="font-family:inherit;font-size:10pt;"> of net revenues; AOL Inc., an Advertising customer represented </font><font style="font-family:inherit;font-size:10pt;">12.0%</font><font style="font-family:inherit;font-size:10pt;"> of net revenues; Telstra Corporation Limited, a Content customer represented </font><font style="font-family:inherit;font-size:10pt;">11.4%</font><font style="font-family:inherit;font-size:10pt;"> of net revenues; and Machine Zone, Inc., an Advertising customer represented </font><font style="font-family:inherit;font-size:10pt;">10.2%</font><font style="font-family:inherit;font-size:10pt;"> of net revenues. During the </font><font style="font-family:inherit;font-size:10pt;">three months ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, Telstra Corporation Limited, a Content customer represented </font><font style="font-family:inherit;font-size:10pt;">32.9%</font><font style="font-family:inherit;font-size:10pt;"> of net revenues, and Jam City Inc., an Advertising customer represented </font><font style="font-family:inherit;font-size:10pt;">11.0%</font><font style="font-family:inherit;font-size:10pt;"> of net revenues.</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company partners with mobile carriers and OEMS to deliver applications on our Ignite platform through the carrier network. During the </font><font style="font-family:inherit;font-size:10pt;">three months ended June 30, 2017</font><font style="font-family:inherit;font-size:10pt;">, Verizon Wireless, a carrier partner, generated </font><font style="font-family:inherit;font-size:10pt;">33.0%</font><font style="font-family:inherit;font-size:10pt;"> of our net revenues; while AT&T Inc., a carrier partner, primarily through its Cricket subsidiary, generated </font><font style="font-family:inherit;font-size:10pt;">14.0%</font><font style="font-family:inherit;font-size:10pt;"> of our net revenue. During the </font><font style="font-family:inherit;font-size:10pt;">three months ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, Verizon Wireless, generated </font><font style="font-family:inherit;font-size:10pt;">18.9%</font><font style="font-family:inherit;font-size:10pt;"> of our net revenues.</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company may not continue to receive significant revenues from any of these or from other large customers. A reduction or delay in operating activity from any of the Company’s significant customers, or a delay or default in payment by any significant customer could materially harm the Company’s business and prospects. Because of the Company’s significant customer concentration, its net sales and operating income could fluctuate significantly due to changes in political or economic conditions, or the loss, reduction of business, or less favorable terms for any of the Company's significant customers.</font></div></div> | |
CY2017Q2 | us-gaap |
Nature Of Operations
NatureOfOperations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Description of Business</font></div><div style="line-height:120%;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Digital Turbine, through its subsidiaries, innovates at the convergence of media and mobile communications, delivering end-to-end products and solutions for mobile operators, application advertisers, device original equipment manufacturers ("OEMs") and other third parties to enable them to effectively monetize mobile content and generate higher value user acquisition. The Company operates its business in </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> reportable segments – Advertising and Content.</font></div><div style="line-height:120%;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's Advertising business is comprised of </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> businesses:</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:112px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:88px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operator and OEM ("O&O"), an advertiser solution for unique and exclusive carrier and original equipment manufacturer ("OEM") inventory which is comprised of services including:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:160px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:136px;"><font style="font-family:inherit;font-size:10pt;">◦</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ignite™ ("Ignite"), a mobile device management platform with targeted application distribution capabilities, and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:160px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:136px;"><font style="font-family:inherit;font-size:10pt;">◦</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other professional services directly related to the Ignite platform.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:112px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:88px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Advertiser and Publisher ("A&P"), a worldwide mobile user acquisition network which is comprised of the Syndicated network service.</font></div></td></tr></table><div style="line-height:120%;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's Content business is comprised of services including:</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:112px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:88px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Marketplace™ ("Marketplace"), an application and content store, and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:112px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:88px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pay™ ("Pay"), a content management and mobile payment solution.</font></div></td></tr></table><div style="line-height:120%;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">With global headquarters in Austin, Texas and offices in Durham, North Carolina, San Francisco, California, Singapore, Sydney, and Tel Aviv, Digital Turbine’s solutions are available worldwide.</font></div><div style="line-height:120%;padding-top:16px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unless the context otherwise indicates, the use of the terms “we,” “our,” “us,” “Digital Turbine,” “DT,” or the “Company” refer to the collective business and operations of Digital Turbine, Inc. through its operating and wholly-owned subsidiaries, Digital Turbine USA, Inc. (“DT USA”), Digital Turbine (EMEA) Ltd. (“DT EMEA”), Digital Turbine Australia Pty Ltd (“DT APAC”), Digital Turbine Singapore Pte. Ltd. (“DT Singapore”), Digital Turbine Luxembourg S.a.r.l. (“DT Luxembourg”), Digital Turbine Germany, GmbH (“DT Germany”), and Digital Turbine Media, Inc. (“DT Media” or "DTM"). We refer to all the Company's subsidiaries collectively as "wholly-owned subsidiaries." We refer to Appia, Inc., a company we acquired on March 6, 2015, as “DT Media” or "DTM."</font></div></div> | |
CY2017Q2 | us-gaap |
Use Of Estimates
UseOfEstimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make certain estimates that affect the reported amounts in the consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates.</font></div></div> |