2022 Q3 Form 10-Q Financial Statement
#000114036122029630 Filed on August 15, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2021 Q4 |
---|---|---|---|
Revenue | $21.69M | $16.67M | |
YoY Change | 54.85% | 15.48% | |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | |||
YoY Change | |||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $351.0K | $347.0K | $250.0K |
YoY Change | 35.0% | 33.46% | -7.41% |
% of Gross Profit | |||
Operating Expenses | |||
YoY Change | |||
Operating Profit | |||
YoY Change | |||
Interest Expense | $2.646M | $878.0K | |
YoY Change | 262.96% | 13.73% | |
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $10.40M | $9.304M | $7.688M |
YoY Change | 24.94% | 15.31% | 21.7% |
Income Tax | $2.363M | $2.280M | $2.002M |
% Of Pretax Income | 22.71% | 24.51% | 26.04% |
Net Earnings | $8.041M | $7.024M | $5.686M |
YoY Change | 28.37% | 15.05% | 19.98% |
Net Earnings / Revenue | 37.07% | 42.13% | |
Basic Earnings Per Share | $0.88 | $0.77 | $0.64 |
Diluted Earnings Per Share | $873.2K | $0.76 | $0.63 |
COMMON SHARES | |||
Basic Shares Outstanding | 9.100M | 9.097M | |
Diluted Shares Outstanding | 9.210M | 9.195M |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2021 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $147.2M | $123.4M | $204.9M |
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 | $13.35M | $13.58M | $17.26M |
YoY Change | 51.73% | 52.6% | 88.58% |
Goodwill | $8.100M | $8.700M | $8.479M |
YoY Change | 710.0% | 770.0% | 747.9% |
Intangibles | $1.412M | $1.489M | $1.643M |
YoY Change | 187.24% | ||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | |||
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | |||
Total Long-Term Assets | |||
Total Assets | $1.581B | $1.487B | $1.351B |
YoY Change | 37.93% | 31.29% | 32.84% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $7.351M | $6.820M | $5.700M |
YoY Change | 36.13% | 39.18% | 50.0% |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | |||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $7.797M | $9.685M | $5.700M |
YoY Change | 44.39% | 29.13% | 50.0% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $7.797M | $9.685M | $5.700M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $1.445B | $1.356B | $1.223B |
YoY Change | 41.15% | 33.46% | 34.51% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $51.12M | $44.17M | $33.15M |
YoY Change | 135.65% | ||
Common Stock | $95.15M | $95.11M | $94.12M |
YoY Change | 0.93% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $135.8M | $131.5M | $127.4M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.581B | $1.487B | $1.351B |
YoY Change | 37.93% | 31.29% | 32.84% |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2021 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $8.041M | $7.024M | $5.686M |
YoY Change | 28.37% | 15.05% | 19.98% |
Depreciation, Depletion And Amortization | $351.0K | $347.0K | $250.0K |
YoY Change | 35.0% | 33.46% | -7.41% |
Cash From Operating Activities | $5.018M | $12.76M | $7.140M |
YoY Change | -8.93% | 58.08% | 6.25% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$45.00K | -$162.0K | -$350.0K |
YoY Change | -43.75% | 224.0% | 1650.0% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$71.09M | -$85.44M | $37.69M |
YoY Change | -1985.68% | 23.94% | -20.5% |
Cash From Investing Activities | -$71.14M | -$85.60M | $37.34M |
YoY Change | -2027.78% | 24.08% | -21.24% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 89.92M | 61.92M | -45.38M |
YoY Change | 919.51% | -21.15% | -216.18% |
NET CHANGE | |||
Cash From Operating Activities | 5.018M | 12.76M | 7.140M |
Cash From Investing Activities | -71.14M | -85.60M | 37.34M |
Cash From Financing Activities | 89.92M | 61.92M | -45.38M |
Net Change In Cash | 23.80M | -10.93M | -900.0K |
YoY Change | 32.1% | -162.04% | -100.97% |
FREE CASH FLOW | |||
Cash From Operating Activities | $5.018M | $12.76M | $7.140M |
Capital Expenditures | -$45.00K | -$162.0K | -$350.0K |
Free Cash Flow | $5.063M | $12.92M | $7.490M |
YoY Change | -9.43% | 59.1% | 11.13% |
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CY2022Q2 | us-gaap |
Notes Receivable Gross
NotesReceivableGross
|
1155445000 | |
CY2022Q2 | us-gaap |
Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
|
69000 | |
CY2021Q4 | us-gaap |
Notes Receivable Gross
NotesReceivableGross
|
1030978000 | |
CY2021Q4 | us-gaap |
Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
|
496000 | |
CY2022Q2 | us-gaap |
Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
|
23278000 | |
CY2022Q2 | us-gaap |
Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
|
21654000 | |
CY2022Q2 | us-gaap |
Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
|
220000 | |
CY2022Q2 | us-gaap |
Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
|
21874000 | |
CY2022Q2 | us-gaap |
Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
|
220000 | |
CY2022Q2 | us-gaap |
Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
|
22082000 | |
CY2022Q2 | bsvn |
Impaired Financing Receivable Interest Income Expense Accrual Method
ImpairedFinancingReceivableInterestIncomeExpenseAccrualMethod
|
245000 | |
us-gaap |
Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
|
24239000 | ||
bsvn |
Impaired Financing Receivable Interest Income Expense Accrual Method
ImpairedFinancingReceivableInterestIncomeExpenseAccrualMethod
|
572000 | ||
CY2021Q4 | us-gaap |
Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
|
24906000 | |
CY2021Q4 | us-gaap |
Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
|
23601000 | |
CY2021Q4 | us-gaap |
Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
|
253000 | |
CY2021Q4 | us-gaap |
Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
|
23854000 | |
CY2021Q4 | us-gaap |
Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
|
253000 | |
CY2021Q2 | us-gaap |
Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
|
24874000 | |
CY2021Q2 | bsvn |
Impaired Financing Receivable Interest Income Expense Accrual Method
ImpairedFinancingReceivableInterestIncomeExpenseAccrualMethod
|
499000 | |
us-gaap |
Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
|
23841000 | ||
bsvn |
Impaired Financing Receivable Interest Income Expense Accrual Method
ImpairedFinancingReceivableInterestIncomeExpenseAccrualMethod
|
823000 | ||
us-gaap |
Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
|
0 | ||
us-gaap |
Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
|
0 | ||
CY2022Q2 | us-gaap |
Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
|
9473000 | |
CY2022Q2 | bsvn |
Financing Receivable Recorded Investment Troubled Debt Restructurings
FinancingReceivableRecordedInvestmentTroubledDebtRestructurings
|
0 | |
CY2022Q2 | us-gaap |
Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
|
69000 | |
CY2022Q2 | bsvn |
Financing Receivable Recorded Investment Non Performing Loans
FinancingReceivableRecordedInvestmentNonPerformingLoans
|
9542000 | |
CY2021Q4 | us-gaap |
Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
|
9885000 | |
CY2021Q4 | bsvn |
Financing Receivable Recorded Investment Troubled Debt Restructurings
FinancingReceivableRecordedInvestmentTroubledDebtRestructurings
|
0 | |
CY2021Q4 | us-gaap |
Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
|
496000 | |
CY2021Q4 | bsvn |
Financing Receivable Recorded Investment Non Performing Loans
FinancingReceivableRecordedInvestmentNonPerformingLoans
|
10381000 | |
CY2022Q2 | us-gaap |
Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
|
1300000 | |
CY2021Q4 | us-gaap |
Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
|
1400000 | |
CY2022Q2 | us-gaap |
Statutory Accounting Practices Statutory Amount Available For Dividend Payments Without Regulatory Approval
StatutoryAccountingPracticesStatutoryAmountAvailableForDividendPaymentsWithoutRegulatoryApproval
|
47400000 | |
CY2022Q2 | us-gaap |
Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
|
236227000 | |
CY2021Q4 | us-gaap |
Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
|
206202000 | |
CY2022Q2 | us-gaap |
Goodwill
Goodwill
|
8700000 | |
CY2021Q4 | us-gaap |
Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
|
0 | |
CY2022Q2 | us-gaap |
Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
|
0 | |
CY2021Q4 | us-gaap |
Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
|
464000 | |
CY2022Q2 | us-gaap |
Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
|
635000 | |
CY2022Q2 | bsvn |
Nonmarketable Equity Securities
NonmarketableEquitySecurities
|
1192000 | |
CY2021Q4 | bsvn |
Nonmarketable Equity Securities
NonmarketableEquitySecurities
|
1202000 | |
CY2022Q2 | bsvn |
Noninterest Income Secondary Market Income
NoninterestIncomeSecondaryMarketIncome
|
95000 | |
CY2021Q2 | bsvn |
Noninterest Income Secondary Market Income
NoninterestIncomeSecondaryMarketIncome
|
78000 | |
bsvn |
Noninterest Income Secondary Market Income
NoninterestIncomeSecondaryMarketIncome
|
261000 | ||
bsvn |
Noninterest Income Secondary Market Income
NoninterestIncomeSecondaryMarketIncome
|
92000 |