2016 Q4 Form 10-Q Financial Statement

#000114420416132971 Filed on November 10, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $149.6M $94.63M $90.85M
YoY Change 24.56% 4.16% -10.7%
Cost Of Revenue $127.8M $74.64M $74.93M
YoY Change 27.93% -0.39% -7.66%
Gross Profit $21.80M $19.99M $15.91M
YoY Change 7.92% 25.6% -22.69%
Gross Profit Margin 14.57% 21.12% 17.52%
Selling, General & Admin $9.700M $3.741M $3.080M
YoY Change 0.0% 21.46% -17.51%
% of Gross Profit 44.5% 18.72% 19.36%
Research & Development $8.900M $6.723M $5.440M
YoY Change 93.48% 23.58% -0.02%
% of Gross Profit 40.83% 33.64% 34.19%
Depreciation & Amortization $3.200M $3.300M $3.400M
YoY Change -14.89% -2.94% -8.11%
% of Gross Profit 14.68% 16.51% 21.37%
Operating Expenses $18.60M $14.30M $11.84M
YoY Change 30.07% 20.82% -8.29%
Operating Profit $3.200M $5.703M $4.073M
YoY Change -45.76% 40.02% -53.75%
Interest Expense $200.0K $201.0K $501.0K
YoY Change -66.67% -59.88% -31.18%
% of Operating Profit 6.25% 3.52% 12.3%
Other Income/Expense, Net $0.00 $420.0K $100.0K
YoY Change -100.0% 320.0% -200.0%
Pretax Income $5.100M $6.722M $5.226M
YoY Change -35.44% 28.63% -43.99%
Income Tax -$900.0K $1.167M $945.0K
% Of Pretax Income -17.65% 17.36% 18.08%
Net Earnings $5.800M $5.682M $4.288M
YoY Change -15.94% 32.51% -36.31%
Net Earnings / Revenue 3.88% 6.0% 4.72%
Basic Earnings Per Share $0.18 $0.13
Diluted Earnings Per Share $183.0K $0.18 $0.13
COMMON SHARES
Basic Shares Outstanding 31.71M shares 31.91M shares 32.12M shares
Diluted Shares Outstanding 31.91M shares 32.13M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $61.60M $78.40M $102.9M
YoY Change -32.23% -23.81% 21.34%
Cash & Equivalents $31.09M $39.06M $76.06M
Short-Term Investments $30.50M $39.30M $26.80M
Other Short-Term Assets $49.50M $39.40M $41.40M
YoY Change 14.32% -4.83% -1.19%
Inventory $68.05M $74.50M $67.07M
Prepaid Expenses
Receivables $285.7M $255.8M $242.5M
Other Receivables $21.00M $23.60M $31.40M
Total Short-Term Assets $478.0M $471.7M $485.3M
YoY Change 0.4% -2.8% -3.58%
LONG-TERM ASSETS
Property, Plant & Equipment $101.5M $94.10M $76.01M
YoY Change 20.59% 23.8% -6.97%
Goodwill $621.0K
YoY Change -3.27%
Intangibles $617.0K $2.973M
YoY Change -77.91% 89.12%
Long-Term Investments $16.40M $15.20M $6.200M
YoY Change 164.52% 145.16% 67.57%
Other Assets $25.00M $28.90M $25.20M
YoY Change -26.47% 14.68% 127.03%
Total Long-Term Assets $153.7M $141.2M $114.6M
YoY Change 16.79% 23.18% 13.96%
TOTAL ASSETS
Total Short-Term Assets $478.0M $471.7M $485.3M
Total Long-Term Assets $153.7M $141.2M $114.6M
Total Assets $631.7M $612.9M $599.9M
YoY Change 3.95% 2.17% -0.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $144.9M $133.6M $119.0M
YoY Change 8.87% 12.27% -10.73%
Accrued Expenses $35.88M $22.10M $33.84M
YoY Change 14.34% -34.68% 62.67%
Deferred Revenue
YoY Change
Short-Term Debt $119.8M $116.3M $118.5M
YoY Change 7.64% -1.86% -0.84%
Long-Term Debt Due $4.800M $4.900M
YoY Change
Total Short-Term Liabilities $324.7M $299.5M $291.7M
YoY Change 8.87% 2.67% -16.86%
LONG-TERM LIABILITIES
Long-Term Debt $600.0K $700.0K $0.00
YoY Change
Other Long-Term Liabilities $300.0K $500.0K $2.000M
YoY Change -84.21% -75.0% -31.03%
Total Long-Term Liabilities $900.0K $1.200M $2.000M
YoY Change -52.63% -40.0% -31.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $324.7M $299.5M $291.7M
Total Long-Term Liabilities $900.0K $1.200M $2.000M
Total Liabilities $325.8M $306.2M $294.0M
YoY Change 8.46% 4.16% -18.86%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $64.77M $64.63M $64.53M
YoY Change 0.21% 0.16% 137.12%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.907M $1.000M
YoY Change 190.7% 0.0%
Treasury Stock Shares 694.3K shares 476.5K shares
Shareholders Equity $300.5M $306.7M $298.0M
YoY Change
Total Liabilities & Shareholders Equity $631.7M $612.9M $599.9M
YoY Change 3.95% 2.17% -0.66%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $5.800M $5.682M $4.288M
YoY Change -15.94% 32.51% -36.31%
Depreciation, Depletion And Amortization $3.200M $3.300M $3.400M
YoY Change -14.89% -2.94% -8.11%
Cash From Operating Activities -$1.250M $19.46M $9.550M
YoY Change -108.21% 103.77% 2481.08%
INVESTING ACTIVITIES
Capital Expenditures -$12.53M -$8.710M -$10.49M
YoY Change -29.05% -16.97% 211.28%
Acquisitions
YoY Change
Other Investing Activities $6.300M -$6.910M $7.680M
YoY Change 854.55% -189.97% -238.13%
Cash From Investing Activities -$6.230M -$15.61M -$2.810M
YoY Change -63.33% 455.52% -68.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 880.0K -2.400M 1.050M
YoY Change -128.03% -328.57% -118.65%
NET CHANGE
Cash From Operating Activities -1.250M 19.46M 9.550M
Cash From Investing Activities -6.230M -15.61M -2.810M
Cash From Financing Activities 880.0K -2.400M 1.050M
Net Change In Cash -6.600M 1.450M 7.790M
YoY Change 34.42% -81.39% -154.9%
FREE CASH FLOW
Cash From Operating Activities -$1.250M $19.46M $9.550M
Capital Expenditures -$12.53M -$8.710M -$10.49M
Free Cash Flow $11.28M $28.17M $20.04M
YoY Change -65.69% 40.57% 435.83%

Facts In Submission

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