2022 Q4 Form 10-Q Financial Statement
#000114036122041387 Filed on November 14, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
Revenue | $21.69M | $14.01M | |
YoY Change | 54.85% | 8.37% | |
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 | $343.0K | $351.0K | $260.0K |
YoY Change | 37.2% | 35.0% | -7.14% |
% of Gross Profit | |||
Operating Expenses | |||
YoY Change | |||
Operating Profit | |||
YoY Change | |||
Interest Expense | $2.646M | $729.0K | |
YoY Change | 262.96% | -44.98% | |
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $11.36M | $10.40M | $8.327M |
YoY Change | 47.75% | 24.94% | 36.49% |
Income Tax | $2.973M | $2.363M | $2.063M |
% Of Pretax Income | 26.17% | 22.71% | 24.77% |
Net Earnings | $8.386M | $8.041M | $6.264M |
YoY Change | 47.49% | 28.37% | 41.08% |
Net Earnings / Revenue | 37.07% | 44.72% | |
Basic Earnings Per Share | $0.88 | $0.69 | |
Diluted Earnings Per Share | $908.3K | $873.2K | $0.69 |
COMMON SHARES | |||
Basic Shares Outstanding | 9.116M | 9.100M | 9.053M |
Diluted Shares Outstanding | 9.210M | 9.105M |
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $109.1M | $147.2M | $205.8M |
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 | $13.11M | $13.35M | $8.800M |
YoY Change | -24.05% | 51.73% | -6.25% |
Goodwill | $8.600M | $8.100M | $1.000M |
YoY Change | 1.43% | 710.0% | 0.0% |
Intangibles | $1.300M | $1.412M | |
YoY Change | -20.88% | ||
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 | $1.584B | $1.581B | $1.146B |
YoY Change | 17.3% | 37.93% | 17.76% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $9.715M | $7.351M | $5.400M |
YoY Change | 70.44% | 36.13% | 38.46% |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | |||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $10.77M | $7.797M | $5.400M |
YoY Change | 88.93% | 44.39% | 20.0% |
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 | $10.77M | $7.797M | $5.400M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $1.440B | $1.445B | $1.024B |
YoY Change | 17.74% | 41.15% | 17.93% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $58.05M | $51.12M | |
YoY Change | 75.12% | ||
Common Stock | $95.35M | $95.15M | |
YoY Change | 1.32% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $144.1M | $135.8M | $122.4M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.584B | $1.581B | $1.146B |
YoY Change | 17.3% | 37.93% | 17.76% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $8.386M | $8.041M | $6.264M |
YoY Change | 47.49% | 28.37% | 41.08% |
Depreciation, Depletion And Amortization | $343.0K | $351.0K | $260.0K |
YoY Change | 37.2% | 35.0% | -7.14% |
Cash From Operating Activities | $9.779M | $5.018M | $5.510M |
YoY Change | 36.96% | -8.93% | 94.01% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $21.00K | -$45.00K | -$80.00K |
YoY Change | -106.0% | -43.75% | -11.11% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$38.64M | -$71.09M | $3.770M |
YoY Change | -202.52% | -1985.68% | -109.86% |
Cash From Investing Activities | -$38.66M | -$71.14M | $3.690M |
YoY Change | -203.54% | -2027.78% | -109.63% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -9.243M | 89.92M | 8.820M |
YoY Change | -79.63% | 919.51% | -127.92% |
NET CHANGE | |||
Cash From Operating Activities | 9.779M | 5.018M | 5.510M |
Cash From Investing Activities | -38.66M | -71.14M | 3.690M |
Cash From Financing Activities | -9.243M | 89.92M | 8.820M |
Net Change In Cash | -38.13M | 23.80M | 18.02M |
YoY Change | 4136.22% | 32.1% | -126.87% |
FREE CASH FLOW | |||
Cash From Operating Activities | $9.779M | $5.018M | $5.510M |
Capital Expenditures | $21.00K | -$45.00K | -$80.00K |
Free Cash Flow | $9.758M | $5.063M | $5.590M |
YoY Change | 30.28% | -9.43% | 90.78% |
Facts In Submission
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CY2022Q3 | us-gaap |
Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
|
26862000 | |
CY2022Q3 | us-gaap |
Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
|
139000 | |
CY2022Q3 | us-gaap |
Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
|
27001000 | |
CY2022Q3 | us-gaap |
Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
|
139000 | |
CY2022Q3 | us-gaap |
Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
|
22824000 | |
CY2022Q3 | bsvn |
Impaired Financing Receivable Interest Income Expense Accrual Method
ImpairedFinancingReceivableInterestIncomeExpenseAccrualMethod
|
838000 | |
us-gaap |
Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
|
23767000 | ||
bsvn |
Impaired Financing Receivable Interest Income Expense Accrual Method
ImpairedFinancingReceivableInterestIncomeExpenseAccrualMethod
|
1207000 | ||
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 | |
CY2021Q3 | us-gaap |
Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
|
27031000 | |
CY2021Q3 | bsvn |
Impaired Financing Receivable Interest Income Expense Accrual Method
ImpairedFinancingReceivableInterestIncomeExpenseAccrualMethod
|
292000 | |
us-gaap |
Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
|
24904000 | ||
bsvn |
Impaired Financing Receivable Interest Income Expense Accrual Method
ImpairedFinancingReceivableInterestIncomeExpenseAccrualMethod
|
1115000 | ||
us-gaap |
Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
|
0 | ||
us-gaap |
Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
|
0 | ||
CY2022Q3 | us-gaap |
Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
|
8218000 | |
CY2022Q3 | bsvn |
Financing Receivable Recorded Investment Troubled Debt Restructurings
FinancingReceivableRecordedInvestmentTroubledDebtRestructurings
|
0 | |
CY2022Q3 | us-gaap |
Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
|
9946000 | |
CY2022Q3 | bsvn |
Financing Receivable Recorded Investment Non Performing Loans
FinancingReceivableRecordedInvestmentNonPerformingLoans
|
18164000 | |
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 | |
CY2022Q3 | us-gaap |
Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
|
1300000 | |
CY2021Q4 | us-gaap |
Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
|
1400000 | |
CY2022Q3 | us-gaap |
Statutory Accounting Practices Statutory Amount Available For Dividend Payments Without Regulatory Approval
StatutoryAccountingPracticesStatutoryAmountAvailableForDividendPaymentsWithoutRegulatoryApproval
|
54300000 | |
CY2022Q3 | us-gaap |
Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
|
0 | |
CY2021Q4 | us-gaap |
Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
|
0 | |
us-gaap |
Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
|
0.05 | ||
CY2022Q3 | us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
74000 | |
CY2021Q3 | us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
63000 | |
us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
281000 | ||
us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
204000 | ||
CY2022Q3 | us-gaap |
Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
|
230672000 | |
CY2021Q4 | us-gaap |
Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
|
206202000 | |
CY2022Q3 | us-gaap |
Goodwill
Goodwill
|
8100000 |