2012 Q4 Form 10-Q Financial Statement

#000110465912072340 Filed on October 30, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $52.52M $50.15M $54.89M
YoY Change -3.21% -8.64% 32.91%
Cost Of Revenue $36.50M $34.80M $40.06M
YoY Change -7.36% -13.13% 31.57%
Gross Profit $16.04M $15.35M $14.83M
YoY Change 8.11% 3.49% 36.66%
Gross Profit Margin 30.55% 30.61% 27.02%
Selling, General & Admin $10.00M $8.679M $7.718M
YoY Change 20.48% 12.45% 18.12%
% of Gross Profit 62.33% 56.54% 52.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.050M $2.912M $3.003M
YoY Change 12.96% -3.03% 4.27%
% of Gross Profit 19.01% 18.97% 20.25%
Operating Expenses $11.60M $10.20M $9.166M
YoY Change 19.59% 11.27% 15.88%
Operating Profit $4.443M $5.150M $5.666M
YoY Change -13.56% -9.11% 92.52%
Interest Expense -$200.0K $216.0K $326.0K
YoY Change -71.43% -33.74% -51.12%
% of Operating Profit -4.5% 4.19% 5.75%
Other Income/Expense, Net -$400.0K $180.0K -$9.000K
YoY Change -144.44% -2100.0% -97.92%
Pretax Income $3.800M $5.130M $5.300M
YoY Change -28.3% -3.21% 194.44%
Income Tax $1.000M $1.373M $1.072M
% Of Pretax Income 26.32% 26.76% 20.23%
Net Earnings $2.900M $3.757M $4.260M
YoY Change -19.44% -11.81% 225.44%
Net Earnings / Revenue 5.52% 7.49% 7.76%
Basic Earnings Per Share $0.21 $0.28 $0.32
Diluted Earnings Per Share $0.21 $0.28 $0.32
COMMON SHARES
Basic Shares Outstanding 13.51M shares 13.21M shares 13.07M shares
Diluted Shares Outstanding 13.22M shares 13.07M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.200M $11.40M $4.100M
YoY Change 54.72% 178.05% -63.06%
Cash & Equivalents $8.218M $11.38M $4.116M
Short-Term Investments
Other Short-Term Assets $7.200M $5.800M $6.400M
YoY Change 12.5% -9.37% 45.45%
Inventory $48.32M $49.96M $46.92M
Prepaid Expenses
Receivables $36.98M $37.72M $34.75M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $100.0M $104.9M $92.17M
YoY Change 9.71% 13.83% 15.79%
LONG-TERM ASSETS
Property, Plant & Equipment $53.98M $49.99M $40.21M
YoY Change 30.37% 24.32% -0.71%
Goodwill $37.43M $36.64M $39.55M
YoY Change -0.2% -7.36%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.218M $610.0K $664.0K
YoY Change 54.37% -8.13% -66.8%
Total Long-Term Assets $135.4M $130.9M $126.4M
YoY Change 10.76% 3.56% -5.58%
TOTAL ASSETS
Total Short-Term Assets $100.0M $104.9M $92.17M
Total Long-Term Assets $135.4M $130.9M $126.4M
Total Assets $235.4M $235.8M $218.6M
YoY Change 10.31% 7.89% 2.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.28M $12.28M $16.43M
YoY Change -23.53% -25.23% 44.08%
Accrued Expenses $4.564M $5.373M $4.016M
YoY Change -14.82% 33.79% -40.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $65.00K $100.0K $9.405M
YoY Change -94.36% -98.94% -35.58%
Total Short-Term Liabilities $24.38M $25.56M $45.24M
YoY Change -16.83% -43.51% 15.11%
LONG-TERM LIABILITIES
Long-Term Debt $55.00K $72.00K $14.13M
YoY Change -53.39% -99.49% -40.63%
Other Long-Term Liabilities $1.433M $1.212M $1.194M
YoY Change 15.75% 1.51% 8.55%
Total Long-Term Liabilities $1.488M $1.284M $15.33M
YoY Change 9.73% -91.62% -38.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.38M $25.56M $45.24M
Total Long-Term Liabilities $1.488M $1.284M $15.33M
Total Liabilities $72.88M $79.84M $71.57M
YoY Change 8.15% 11.56% -7.9%
SHAREHOLDERS EQUITY
Retained Earnings $108.1M $105.8M $95.50M
YoY Change 9.67% 10.76%
Common Stock $676.0K $675.0K $667.0K
YoY Change 1.2% 1.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $162.5M $155.9M $146.9M
YoY Change
Total Liabilities & Shareholders Equity $235.4M $235.8M $218.6M
YoY Change 10.31% 7.89% 2.38%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $2.900M $3.757M $4.260M
YoY Change -19.44% -11.81% 225.44%
Depreciation, Depletion And Amortization $3.050M $2.912M $3.003M
YoY Change 12.96% -3.03% 4.27%
Cash From Operating Activities $7.490M $4.400M $1.500M
YoY Change 0.27% 193.33% 172.73%
INVESTING ACTIVITIES
Capital Expenditures -$5.120M -$4.930M -$2.070M
YoY Change 51.93% 138.16% 140.7%
Acquisitions
YoY Change
Other Investing Activities $230.0K $30.00K -$20.00K
YoY Change -866.67% -250.0% 100.0%
Cash From Investing Activities -$4.890M -$4.910M -$2.090M
YoY Change 44.25% 134.93% 140.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.840M 6.600M -2.640M
YoY Change 96.63% -350.0% -311.2%
NET CHANGE
Cash From Operating Activities 7.490M 4.400M 1.500M
Cash From Investing Activities -4.890M -4.910M -2.090M
Cash From Financing Activities -5.840M 6.600M -2.640M
Net Change In Cash -3.240M 6.090M -3.230M
YoY Change -391.89% -288.54% -447.31%
FREE CASH FLOW
Cash From Operating Activities $7.490M $4.400M $1.500M
Capital Expenditures -$5.120M -$4.930M -$2.070M
Free Cash Flow $12.61M $9.330M $3.570M
YoY Change 16.33% 161.34% 153.19%

Facts In Submission

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2258000 USD
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8847000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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2838000 USD
us-gaap Number Of Reportable Segments
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CY2012Q3 us-gaap Long Term Debt Noncurrent
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3000 USD
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13000 USD
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CY2012Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
6000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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13000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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10294000 USD
CY2011Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
13000 USD

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