2016 Q3 Form 10-Q Financial Statement

#000147490316000143 Filed on October 31, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $67.41M $60.17M
YoY Change 12.03% 25.34%
Cost Of Revenue $50.98M $46.32M
YoY Change 10.06% 21.81%
Gross Profit $16.43M $13.86M
YoY Change 18.59% 38.75%
Gross Profit Margin 24.38% 23.03%
Selling, General & Admin $10.29M $7.703M
YoY Change 33.6% 23.79%
% of Gross Profit 62.63% 55.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $124.6K $96.69K
YoY Change 28.9% 98.51%
% of Gross Profit 0.76% 0.7%
Operating Expenses $10.29M $7.703M
YoY Change 33.6% 23.79%
Operating Profit $4.467M $4.858M
YoY Change -8.06% 79.28%
Interest Expense -$700.0K -$760.0K
YoY Change -7.89% -52.2%
% of Operating Profit -15.67% -15.64%
Other Income/Expense, Net
YoY Change
Pretax Income $3.765M $3.656M
YoY Change 2.97% 226.2%
Income Tax $1.417M $1.441M
% Of Pretax Income 37.63% 39.42%
Net Earnings $2.348M $2.215M
YoY Change 6.01% 506.49%
Net Earnings / Revenue 3.48% 3.68%
Basic Earnings Per Share $0.27 $0.30
Diluted Earnings Per Share $0.26 $0.29
COMMON SHARES
Basic Shares Outstanding 8.658M shares 7.360M shares
Diluted Shares Outstanding 9.028M shares 7.574M shares

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $100.0K
YoY Change
Cash & Equivalents $0.00 $64.83K
Short-Term Investments
Other Short-Term Assets $103.6K $646.1K
YoY Change -83.96% -2.38%
Inventory
Prepaid Expenses $575.8K $378.2K
Receivables $35.48M $29.83M
Other Receivables $0.00 $0.00
Total Short-Term Assets $36.16M $30.92M
YoY Change 16.94% 7.48%
LONG-TERM ASSETS
Property, Plant & Equipment $1.721M $1.286M
YoY Change 33.78% 97.1%
Goodwill $9.185M $7.089M
YoY Change 29.56% 20.91%
Intangibles $24.94M $18.48M
YoY Change 34.96% 25.44%
Long-Term Investments
YoY Change
Other Assets $46.19M $36.06M
YoY Change 28.1% 19.88%
Total Long-Term Assets $47.91M $37.34M
YoY Change 28.3% 21.52%
TOTAL ASSETS
Total Short-Term Assets $36.16M $30.92M
Total Long-Term Assets $47.91M $37.34M
Total Assets $84.07M $68.26M
YoY Change 23.15% 14.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.248M $1.241M
YoY Change 0.58% -4.87%
Accrued Expenses $12.62M $10.30M
YoY Change 22.53% 30.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $19.60M $15.82M
YoY Change 23.96% -11.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $15.00M
YoY Change -100.0% -3.23%
Other Long-Term Liabilities $286.2K $2.424M
YoY Change -88.19% -29.09%
Total Long-Term Liabilities $286.2K $17.42M
YoY Change -98.36% -7.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.60M $15.82M
Total Long-Term Liabilities $286.2K $17.42M
Total Liabilities $43.78M $42.99M
YoY Change 1.83% -16.18%
SHAREHOLDERS EQUITY
Retained Earnings $4.122M $5.748M
YoY Change -28.28% -5.2%
Common Stock $86.69K $73.80K
YoY Change 17.47% 35.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $40.29M $25.27M
YoY Change
Total Liabilities & Shareholders Equity $84.07M $68.26M
YoY Change 23.15% 14.73%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $2.348M $2.215M
YoY Change 6.01% 506.49%
Depreciation, Depletion And Amortization $124.6K $96.69K
YoY Change 28.9% 98.51%
Cash From Operating Activities $1.010M $2.010M
YoY Change -49.75% 246.55%
INVESTING ACTIVITIES
Capital Expenditures -$190.0K -$150.0K
YoY Change 26.67% 66.67%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$190.0K -$150.0K
YoY Change 26.67% 66.67%
FINANCING ACTIVITIES
Cash Dividend Paid $2.167M $1.845M
YoY Change 17.47%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -830.0K -1.800M
YoY Change -53.89% 267.35%
NET CHANGE
Cash From Operating Activities 1.010M 2.010M
Cash From Investing Activities -190.0K -150.0K
Cash From Financing Activities -830.0K -1.800M
Net Change In Cash -10.00K 60.00K
YoY Change -116.67% 14725602157714560.0%
FREE CASH FLOW
Cash From Operating Activities $1.010M $2.010M
Capital Expenditures -$190.0K -$150.0K
Free Cash Flow $1.200M $2.160M
YoY Change -44.44% 222.39%

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us-gaap Prior Period Reclassification Adjustment Description
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us-gaap Use Of Estimates
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