2023 Q2 Form 10-Q Financial Statement

#000162828023014920 Filed on May 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $13.24M $11.13M
YoY Change -0.18% -9.26%
Cost Of Revenue $6.617M $4.737M
YoY Change 26.23% 12.41%
Gross Profit $6.624M $6.397M
YoY Change -17.44% -20.59%
Gross Profit Margin 50.03% 57.45%
Selling, General & Admin $7.360M $7.455M
YoY Change -52.78% -42.75%
% of Gross Profit 111.11% 116.54%
Research & Development $3.473M $3.547M
YoY Change -33.19% -25.69%
% of Gross Profit 52.43% 55.45%
Depreciation & Amortization $250.0K $286.0K
YoY Change -61.83% -59.94%
% of Gross Profit 3.77% 4.47%
Operating Expenses $10.83M $11.00M
YoY Change -47.88% -38.17%
Operating Profit -$4.209M -$4.605M
YoY Change -67.02% -52.71%
Interest Expense $1.373M $1.435M
YoY Change -16.02% -11.31%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$5.508M $8.068M
YoY Change -66.21% -161.03%
Income Tax $284.0K $0.00
% Of Pretax Income 0.0%
Net Earnings -$5.792M $8.068M
YoY Change -64.47% -161.03%
Net Earnings / Revenue -43.74% 72.46%
Basic Earnings Per Share -$0.10 $0.15
Diluted Earnings Per Share -$0.10 $0.11
COMMON SHARES
Basic Shares Outstanding 55.92M shares 55.87M shares
Diluted Shares Outstanding 57.35M shares 73.79M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.44M $26.88M
YoY Change 26.79% 82.42%
Cash & Equivalents $22.44M $26.88M
Short-Term Investments
Other Short-Term Assets $1.301M $2.292M
YoY Change -20.53% -31.05%
Inventory $5.950M $6.981M
Prepaid Expenses
Receivables $10.10M $7.551M
Other Receivables $0.00 $0.00
Total Short-Term Assets $39.79M $43.71M
YoY Change -8.54% 2.63%
LONG-TERM ASSETS
Property, Plant & Equipment $4.602M $3.814M
YoY Change 0.72% -15.17%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.469M $6.485M
YoY Change -7.26% -5.82%
Total Long-Term Assets $17.21M $17.58M
YoY Change 34.37% 26.07%
TOTAL ASSETS
Total Short-Term Assets $39.79M $43.71M
Total Long-Term Assets $17.21M $17.58M
Total Assets $56.99M $61.29M
YoY Change 1.21% 8.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.69M $12.44M
YoY Change 20.28% 46.42%
Accrued Expenses $4.263M $4.508M
YoY Change -39.46% -7.4%
Deferred Revenue $3.992M $4.765M
YoY Change 149.66% 198.0%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $18.36M $17.20M
YoY Change 88.33% 162.0%
Total Short-Term Liabilities $38.65M $40.38M
YoY Change 30.43% 66.98%
LONG-TERM LIABILITIES
Long-Term Debt $20.80M $25.20M
YoY Change -52.53% -47.16%
Other Long-Term Liabilities $2.006M $2.059M
YoY Change -15.68% 10.58%
Total Long-Term Liabilities $2.006M $2.059M
YoY Change -15.68% 10.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $38.65M $40.38M
Total Long-Term Liabilities $2.006M $2.059M
Total Liabilities $163.6M $170.5M
YoY Change 7.19% 13.93%
SHAREHOLDERS EQUITY
Retained Earnings -$308.9M -$303.1M
YoY Change 7.9% 12.27%
Common Stock $62.00K $56.00K
YoY Change 16.98% 36.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$106.7M -$109.2M
YoY Change
Total Liabilities & Shareholders Equity $56.99M $61.29M
YoY Change 1.21% 8.41%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income -$5.792M $8.068M
YoY Change -64.47% -161.03%
Depreciation, Depletion And Amortization $250.0K $286.0K
YoY Change -61.83% -59.94%
Cash From Operating Activities -$7.907M $8.816M
YoY Change 20.5% -160.88%
INVESTING ACTIVITIES
Capital Expenditures $826.0K $2.000K
YoY Change -222.01% -98.08%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$826.0K -$2.000K
YoY Change 22.01% -98.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.287M -$9.205M
YoY Change -57.96% -809.17%
NET CHANGE
Cash From Operating Activities -7.907M $8.816M
Cash From Investing Activities -826.0K -$2.000K
Cash From Financing Activities 4.287M -$9.205M
Net Change In Cash -4.446M -$391.0K
YoY Change -250.25% -97.06%
FREE CASH FLOW
Cash From Operating Activities -$7.907M $8.816M
Capital Expenditures $826.0K $2.000K
Free Cash Flow -$8.733M $8.814M
YoY Change 48.39% -160.43%

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2250000 usd
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10317000 usd
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18160939 shares
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