2014 Q1 Form 10-K Financial Statement

#000119312514084683 Filed on March 05, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q4 2013
Revenue $6.335M $6.335M $20.18M
YoY Change 462.11% 7352.94% 5835.59%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $5.500M $4.700M $14.10M
YoY Change 139.13% 88.0% 107.35%
% of Gross Profit
Research & Development $11.46M $9.800M $31.00M
YoY Change 116.94% 50.77% 80.14%
% of Gross Profit
Depreciation & Amortization $480.0K $330.0K $900.0K
YoY Change 242.86% 266.67% 200.0%
% of Gross Profit
Operating Expenses $17.00M $14.50M $45.13M
YoY Change 221.78% 61.11% 162.22%
Operating Profit -$10.67M -$8.115M -$24.95M
YoY Change 64.6% -9.39% 5.19%
Interest Expense $0.00 -$400.0K
YoY Change
% of Operating Profit
Other Income/Expense, Net $59.00K -$403.0K
YoY Change -193.65% -976.09%
Pretax Income -$10.60M -$8.100M -$26.02M
YoY Change 63.08% -10.0% 9.78%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$10.61M -$8.081M -$25.32M
YoY Change 62.12% -10.19% 6.98%
Net Earnings / Revenue -167.47% -127.56% -125.47%
Basic Earnings Per Share
Diluted Earnings Per Share -$439.8K -$338.9K -$2.008M
COMMON SHARES
Basic Shares Outstanding 24.17M shares 23.78M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q1 2013 Q4 2013
SHORT-TERM ASSETS
Cash & Short-Term Investments $192.5M $206.3M $206.3M
YoY Change 46.05% 207.91%
Cash & Equivalents $192.5M $206.3M $206.3M
Short-Term Investments $0.00
Other Short-Term Assets $3.400M $5.700M $5.700M
YoY Change 6.25% 612.5%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $195.9M $212.0M $212.0M
YoY Change 45.02% 212.74% 212.68%
LONG-TERM ASSETS
Property, Plant & Equipment $11.98M $10.92M $10.90M
YoY Change 470.67% 747.83% 738.46%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.600M $1.483M $1.500M
YoY Change 433.33% 400.0%
Total Long-Term Assets $13.59M $12.40M $12.40M
YoY Change 466.25% 706.44% 726.67%
TOTAL ASSETS
Total Short-Term Assets $195.9M $212.0M $212.0M
Total Long-Term Assets $13.59M $12.40M $12.40M
Total Assets $209.5M $224.4M $224.4M
YoY Change 52.37% 223.69% 223.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.601M $4.359M $4.400M
YoY Change 18.23% 100.6% 100.0%
Accrued Expenses $5.200M $4.900M $4.200M
YoY Change 246.67% 100.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $33.05M $34.87M $34.90M
YoY Change 11.27% 653.54% 658.7%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $385.0K $208.0K $37.20M
YoY Change -99.22% 6100.0%
Total Long-Term Liabilities $385.0K $208.0K $37.20M
YoY Change -99.22% 6100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $33.05M $34.87M $34.90M
Total Long-Term Liabilities $385.0K $208.0K $37.20M
Total Liabilities $65.35M $72.72M $72.70M
YoY Change -17.49% 1290.76% 1298.08%
SHAREHOLDERS EQUITY
Retained Earnings -$109.3M -$98.68M
YoY Change 34.52%
Common Stock $243.0K $239.0K
YoY Change 7866.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $144.2M $151.7M $151.7M
YoY Change
Total Liabilities & Shareholders Equity $209.5M $224.4M $224.4M
YoY Change 52.37% 223.69% 223.81%

Cashflow Statement

Concept 2014 Q1 2013 Q4 2013
OPERATING ACTIVITIES
Net Income -$10.61M -$8.081M -$25.32M
YoY Change 62.12% -10.19% 6.98%
Depreciation, Depletion And Amortization $480.0K $330.0K $900.0K
YoY Change 242.86% 266.67% 200.0%
Cash From Operating Activities -$11.93M -$5.460M $43.45M
YoY Change -118.07% -17.65% -306.47%
INVESTING ACTIVITIES
Capital Expenditures $2.517M -$5.290M $8.670M
YoY Change 209.98% 1369.44% 900.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$1.150M
YoY Change -133.14%
Cash From Investing Activities -$2.520M -$5.290M -$9.823M
YoY Change 211.11% 1369.44% -477.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $671.0K $376.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 670.0K 230.0K 105.6M
YoY Change -276.32% -1250.0% 76.5%
NET CHANGE
Cash From Operating Activities -11.93M -5.460M 43.45M
Cash From Investing Activities -2.520M -5.290M -9.823M
Cash From Financing Activities 670.0K 230.0K 105.6M
Net Change In Cash -13.78M -10.52M 139.3M
YoY Change -121.26% 50.07% 236.34%
FREE CASH FLOW
Cash From Operating Activities -$11.93M -$5.460M $43.45M
Capital Expenditures $2.517M -$5.290M $8.670M
Free Cash Flow -$14.45M -$170.0K $34.78M
YoY Change -122.16% -97.29% -258.73%

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52000
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