2016 Q3 Form 10-Q Financial Statement

#000119312516668296 Filed on August 02, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2016 Q2 2015 Q2
Revenue $82.45M $72.72M $66.52M
YoY Change 13.74% 9.32% -2.62%
Cost Of Revenue $49.50M $41.33M $41.40M
YoY Change 20.58% -0.18% -2.01%
Gross Profit $32.99M $31.40M $25.12M
YoY Change 4.94% 24.98% -3.6%
Gross Profit Margin 40.01% 43.17% 37.76%
Selling, General & Admin $23.10M $20.00M $18.60M
YoY Change 6.94% 7.53% -8.37%
% of Gross Profit 70.03% 63.7% 74.04%
Research & Development $5.200M $6.200M $5.300M
YoY Change 15.56% 16.98% 6.0%
% of Gross Profit 15.76% 19.75% 21.1%
Depreciation & Amortization $2.021M $2.059M $3.910M
YoY Change -9.41% -47.34% -8.43%
% of Gross Profit 6.13% 6.56% 15.56%
Operating Expenses $28.20M $26.27M $23.92M
YoY Change 8.22% 9.82% -5.58%
Operating Profit $4.786M $5.125M $1.199M
YoY Change -10.94% 327.44% 65.84%
Interest Expense -$300.0K $462.0K $662.0K
YoY Change -142.86% -30.21% -22.75%
% of Operating Profit -6.27% 9.01% 55.21%
Other Income/Expense, Net
YoY Change
Pretax Income $4.400M $4.663M $537.0K
YoY Change -7.09% 768.34% -543.8%
Income Tax $1.400M $1.234M -$393.0K
% Of Pretax Income 31.82% 26.46% -73.18%
Net Earnings $2.877M $3.246M $781.0K
YoY Change 3.79% 315.62% 438.62%
Net Earnings / Revenue 3.49% 4.46% 1.17%
Basic Earnings Per Share $0.10 $0.11 $0.03
Diluted Earnings Per Share $0.10 $0.11 $0.03
COMMON SHARES
Basic Shares Outstanding 29.35M shares 28.89M 28.68M shares
Diluted Shares Outstanding 29.38M 29.20M shares

Balance Sheet

Concept 2016 Q3 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.600M $5.800M $5.100M
YoY Change 22.22% 13.73% 21.43%
Cash & Equivalents $6.594M $5.799M $5.089M
Short-Term Investments
Other Short-Term Assets $20.40M $22.10M $21.80M
YoY Change -1.92% 1.38% 6.34%
Inventory $141.7M $151.1M $165.2M
Prepaid Expenses $12.27M $13.98M
Receivables $91.09M $76.15M $74.70M
Other Receivables $3.500M $3.394M $4.750M
Total Short-Term Assets $263.2M $258.5M $278.5M
YoY Change -7.19% -7.17% -2.7%
LONG-TERM ASSETS
Property, Plant & Equipment $47.76M $45.39M $48.98M
YoY Change -1.44% -7.32% -5.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.981M
YoY Change 16.4%
Other Assets $28.70M $30.33M $32.42M
YoY Change -6.92% -6.43% -14.13%
Total Long-Term Assets $199.9M $201.1M $214.5M
YoY Change -4.95% -6.24% 11.01%
TOTAL ASSETS
Total Short-Term Assets $263.2M $258.5M $278.5M
Total Long-Term Assets $199.9M $201.1M $214.5M
Total Assets $463.1M $459.7M $493.0M
YoY Change -6.24% -6.76% 2.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $23.27M $25.18M $20.02M
YoY Change -0.65% 25.78% -16.24%
Accrued Expenses $74.91M $62.33M $69.60M
YoY Change 1.88% -10.45% -6.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $18.00K $10.07M
YoY Change -100.0% -99.82% 14288.57%
Total Short-Term Liabilities $109.8M $104.7M $111.4M
YoY Change -4.26% -6.01% 3.8%
LONG-TERM LIABILITIES
Long-Term Debt $44.49M $49.58M $87.61M
YoY Change -46.18% -43.42% 1.77%
Other Long-Term Liabilities $3.036M $3.029M $2.994M
YoY Change 1.1% 1.17% -25.15%
Total Long-Term Liabilities $47.52M $52.61M $90.61M
YoY Change -44.52% -41.94% 5.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $109.8M $104.7M $111.4M
Total Long-Term Liabilities $47.52M $52.61M $90.61M
Total Liabilities $184.8M $184.8M $230.1M
YoY Change -19.09% -19.68% 4.43%
SHAREHOLDERS EQUITY
Retained Earnings $217.1M $214.3M $202.7M
YoY Change 5.65% 5.68% 0.4%
Common Stock $73.64M $72.62M $70.88M
YoY Change 2.81% 2.46% 2147.89%
Preferred Stock
YoY Change
Treasury Stock (at cost) $8.269M $8.269M $8.269M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares $2.451M 2.451M shares 2.451M shares
Shareholders Equity $278.1M $274.6M $262.8M
YoY Change
Total Liabilities & Shareholders Equity $463.1M $459.7M $493.0M
YoY Change -6.24% -6.76% 2.83%

Cashflow Statement

Concept 2016 Q3 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $2.877M $3.246M $781.0K
YoY Change 3.79% 315.62% 438.62%
Depreciation, Depletion And Amortization $2.021M $2.059M $3.910M
YoY Change -9.41% -47.34% -8.43%
Cash From Operating Activities $10.71M $15.90M $23.98M
YoY Change 34.04% -33.69% 86.61%
INVESTING ACTIVITIES
Capital Expenditures -$4.390M -$1.010M -$1.960M
YoY Change 155.23% -48.47% -7.98%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$230.0K -$36.56M
YoY Change -99.37%
Cash From Investing Activities -$4.390M -$1.240M -$38.52M
YoY Change 155.23% -96.78% 1708.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.080M -16.21M 12.89M
YoY Change 0.4% -225.76% -185.99%
NET CHANGE
Cash From Operating Activities 10.71M 15.90M 23.98M
Cash From Investing Activities -4.390M -1.240M -38.52M
Cash From Financing Activities -5.080M -16.21M 12.89M
Net Change In Cash 1.240M -1.550M -1.650M
YoY Change 2.48% -6.06% -61.36%
FREE CASH FLOW
Cash From Operating Activities $10.71M $15.90M $23.98M
Capital Expenditures -$4.390M -$1.010M -$1.960M
Free Cash Flow $15.10M $16.91M $25.94M
YoY Change 55.51% -34.81% 73.16%

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