2016 Q2 Form 10-Q Financial Statement

#000147490316000127 Filed on August 01, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $62.62M $49.78M
YoY Change 25.78% 16.23%
Cost Of Revenue $47.43M $38.92M
YoY Change 21.88% 13.24%
Gross Profit $15.18M $10.87M
YoY Change 39.74% 28.36%
Gross Profit Margin 24.25% 21.83%
Selling, General & Admin $9.474M $6.878M
YoY Change 37.75% 21.54%
% of Gross Profit 62.39% 63.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $120.5K $66.44K
YoY Change 81.44% 54.93%
% of Gross Profit 0.79% 0.61%
Operating Expenses $9.474M $6.878M
YoY Change 37.75% 21.54%
Operating Profit $3.984M $2.677M
YoY Change 48.85% 65.01%
Interest Expense -$1.300M -$370.0K
YoY Change 251.35% -57.95%
% of Operating Profit -32.63% -13.82%
Other Income/Expense, Net
YoY Change
Pretax Income $2.284M $2.308M
YoY Change -1.07% 209.38%
Income Tax $886.2K $846.4K
% Of Pretax Income 38.81% 36.67%
Net Earnings $1.397M $1.462M
YoY Change -4.41% 493.02%
Net Earnings / Revenue 2.23% 2.94%
Basic Earnings Per Share $0.18 $0.21
Diluted Earnings Per Share $0.17 $0.20
COMMON SHARES
Basic Shares Outstanding 7.711M shares 6.978M shares
Diluted Shares Outstanding 8.053M shares 7.270M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $0.00 $0.00
Short-Term Investments
Other Short-Term Assets $121.7K $731.5K
YoY Change -83.37% 55.82%
Inventory
Prepaid Expenses $648.1K $397.6K
Receivables $31.56M $26.64M
Other Receivables $0.00 $0.00
Total Short-Term Assets $32.33M $27.77M
YoY Change 16.4% 10.12%
LONG-TERM ASSETS
Property, Plant & Equipment $1.689M $913.1K
YoY Change 84.93% 50.47%
Goodwill $9.185M $7.089M
YoY Change 29.56% 20.91%
Intangibles $26.48M $19.67M
YoY Change 34.62% 25.04%
Long-Term Investments
YoY Change
Other Assets $47.29M $36.91M
YoY Change 28.14% 18.23%
Total Long-Term Assets $48.98M $37.82M
YoY Change 29.51% 18.84%
TOTAL ASSETS
Total Short-Term Assets $32.33M $27.77M
Total Long-Term Assets $48.98M $37.82M
Total Assets $81.31M $65.59M
YoY Change 23.96% 14.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.241M $633.1K
YoY Change 95.99% -61.7%
Accrued Expenses $11.99M $7.940M
YoY Change 51.03% 13.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.719M
YoY Change 20.83%
Total Short-Term Liabilities $18.87M $19.19M
YoY Change -1.71% 18.01%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $13.47M
YoY Change -100.0% -16.17%
Other Long-Term Liabilities $299.4K $1.917M
YoY Change -84.39% -22.17%
Total Long-Term Liabilities $299.4K $15.38M
YoY Change -98.05% -16.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.87M $19.19M
Total Long-Term Liabilities $299.4K $15.38M
Total Liabilities $41.50M $43.18M
YoY Change -3.89% -12.4%
SHAREHOLDERS EQUITY
Retained Earnings $3.942M $3.567M
YoY Change 10.51% -37.4%
Common Stock $85.92K $72.45K
YoY Change 18.6% 32.97%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $39.81M $22.41M
YoY Change
Total Liabilities & Shareholders Equity $81.31M $65.59M
YoY Change 23.96% 14.98%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $1.397M $1.462M
YoY Change -4.41% 493.02%
Depreciation, Depletion And Amortization $120.5K $66.44K
YoY Change 81.44% 54.93%
Cash From Operating Activities $1.260M $1.660M
YoY Change -24.1% -1760.0%
INVESTING ACTIVITIES
Capital Expenditures -$190.0K -$160.0K
YoY Change 18.75% 33.33%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$280.0K
YoY Change -100.0%
Cash From Investing Activities -$190.0K -$440.0K
YoY Change -56.82% 266.67%
FINANCING ACTIVITIES
Cash Dividend Paid $1.850M $1.811M
YoY Change 2.13%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.060M -1.220M
YoY Change -13.11% -654.55%
NET CHANGE
Cash From Operating Activities 1.260M 1.660M
Cash From Investing Activities -190.0K -440.0K
Cash From Financing Activities -1.060M -1.220M
Net Change In Cash 10.00K -0.000000002212
YoY Change -452101820631682.7% 660.0%
FREE CASH FLOW
Cash From Operating Activities $1.260M $1.660M
Capital Expenditures -$190.0K -$160.0K
Free Cash Flow $1.450M $1.820M
YoY Change -20.33% 9000.0%

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us-gaap Fiscal Period
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us-gaap Prior Period Reclassification Adjustment Description
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Reclassifications</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to the </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> financial statements to conform with the </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> presentation.</font></div></div>
us-gaap Use Of Estimates
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