2017 Q1 Form 10-Q Financial Statement

#000162828017005291 Filed on May 10, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $27.32M $14.66M
YoY Change 86.29%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $368.0K $93.00K
YoY Change 295.7%
% of Gross Profit
Depreciation & Amortization $1.000M $420.0K
YoY Change 138.1% -6.67%
% of Gross Profit
Operating Expenses $368.0K $93.00K
YoY Change 295.7%
Operating Profit
YoY Change
Interest Expense $4.813M $2.828M
YoY Change 70.19%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $5.692M $6.202M
YoY Change -8.22% 12.56%
Income Tax $1.481M $1.796M
% Of Pretax Income 26.02% 28.96%
Net Earnings $4.211M $4.406M
YoY Change -4.43% 13.56%
Net Earnings / Revenue 15.41% 30.05%
Basic Earnings Per Share $0.29 $0.49
Diluted Earnings Per Share $0.29 $0.48
COMMON SHARES
Basic Shares Outstanding 14.47M shares 9.014M shares
Diluted Shares Outstanding 14.59M shares 9.122M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $42.03M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $45.58M $22.10M
YoY Change 106.25% 6.25%
Goodwill $99.90M
YoY Change
Intangibles $9.282M
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.20M
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $3.427B $1.623B
YoY Change 111.25% 7.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $616.3M
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $33.60M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $43.10M $348.4M
YoY Change -87.63% -1.22%
Other Long-Term Liabilities $27.00M $7.100M
YoY Change 280.28% 7.58%
Total Long-Term Liabilities $70.10M $355.5M
YoY Change -80.28% -1.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $33.60M
Total Long-Term Liabilities $70.10M $355.5M
Total Liabilities $3.086B $1.462B
YoY Change 111.12% 7.64%
SHAREHOLDERS EQUITY
Retained Earnings $131.8M
YoY Change
Common Stock $218.7M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.828M
YoY Change
Treasury Stock Shares 1.044M shares
Shareholders Equity $341.0M $160.6M
YoY Change
Total Liabilities & Shareholders Equity $3.427B $1.623B
YoY Change 111.25% 7.58%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $4.211M $4.406M
YoY Change -4.43% 13.56%
Depreciation, Depletion And Amortization $1.000M $420.0K
YoY Change 138.1% -6.67%
Cash From Operating Activities $1.002M $3.196M
YoY Change -68.65% -126.74%
INVESTING ACTIVITIES
Capital Expenditures $1.652M $1.865M
YoY Change -11.42% -352.03%
Acquisitions -$39.54M $0.00
YoY Change
Other Investing Activities -$52.38M -$39.33M
YoY Change 33.18% 15.07%
Cash From Investing Activities -$54.03M -$41.19M
YoY Change 31.18% 17.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $190.0K
YoY Change -100.0%
Debt Paid & Issued, Net $18.51M $0.00
YoY Change
Cash From Financing Activities $86.62M $35.62M
YoY Change 143.17% -21.28%
NET CHANGE
Cash From Operating Activities $1.002M $3.196M
Cash From Investing Activities -$54.03M -$41.19M
Cash From Financing Activities $86.62M $35.62M
Net Change In Cash $33.59M -$2.375M
YoY Change -1514.19% 46.6%
FREE CASH FLOW
Cash From Operating Activities $1.002M $3.196M
Capital Expenditures $1.652M $1.865M
Free Cash Flow -$650.0K $1.331M
YoY Change -148.84% -111.87%

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5692000 USD
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LongtermDebtWeightedAverageInterestRate
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1436000 USD
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0 USD
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3196000 USD
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1002000 USD
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0 USD
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1454076000 USD
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0 USD
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1406672000 USD
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349896000 USD
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14817000 USD
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1850000 USD
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286000 USD
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-714000 USD
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-223000 USD
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-250000 USD
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-83000 USD
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5927000 USD
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1116000 USD
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2074000 USD
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348000 USD
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11713000 USD
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26954000 USD
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1256000 USD
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5129000 USD
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1255000 USD
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2695000 USD
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0 USD
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190000 USD
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0 USD
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81574000 USD
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0 USD
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1572000 USD
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5624000 USD
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1865000 USD
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1652000 USD
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24196000 USD
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141555000 USD
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20626000 USD
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30208000 USD
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ProceedsFromSaleOfAvailableForSaleSecurities
21513000 USD
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ProceedsFromSaleOfAvailableForSaleSecurities
0 USD
CY2016Q1 us-gaap Proceeds From Sale Of Other Real Estate
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0 USD
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ProceedsFromSaleOfOtherRealEstate
81000 USD
CY2016Q1 us-gaap Proceeds From Stock Options Exercised
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153000 USD
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313000 USD
CY2016Q1 us-gaap Professional Fees
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124000 USD
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440000 USD
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23419000 USD
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465000 USD
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795000 USD
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90000 USD
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363000 USD
CY2016Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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933000 USD
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0 USD
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0 USD
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18513000 USD
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130489000 USD
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131814000 USD
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531596000 USD
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CY2016Q1 us-gaap Share Based Compensation
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230000 USD
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71000 USD
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394480000 USD
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616312000 USD
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0.0043
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0.0105
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181919000 USD
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236000 USD
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329000 USD
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154152000 USD
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
160594000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
156740000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
341048000 USD
CY2016Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
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0.05
CY2017Q1 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.05
CY2016Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.089
CY2017Q1 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.080
CY2016Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.08
CY2017Q1 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
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0.08
CY2016Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.150
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0.121
CY2016Q4 us-gaap Time Deposits
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416437000 USD
CY2017Q1 us-gaap Time Deposits
TimeDeposits
720899000 USD
CY2016Q4 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
112044000 USD
CY2017Q1 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
194211000 USD
CY2016Q4 us-gaap Time Deposits Less Than100000
TimeDepositsLessThan100000
304393000 USD
CY2017Q1 us-gaap Time Deposits Less Than100000
TimeDepositsLessThan100000
526688000 USD
CY2016Q4 us-gaap Treasury Stock Shares
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1067016 shares
CY2017Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
1043728 shares
CY2016Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
4699 shares
CY2017Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
23288 shares
CY2016Q4 us-gaap Treasury Stock Value
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6027000 USD
CY2017Q1 us-gaap Treasury Stock Value
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5828000 USD
CY2016Q1 us-gaap Treasury Stock Value Acquired Cost Method
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190000 USD
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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9121536 shares
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9122000 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14591000 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14591273 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9013797 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9014000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14471147 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14471000 shares

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