2017 Q3 Form 10-Q Financial Statement

#000140666617000088 Filed on August 10, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q4 2016 Q2
Revenue $126.1M $131.8M $107.4M
YoY Change 4.07% 25.52% 8.37%
Cost Of Revenue $82.80M $79.60M $57.42M
YoY Change 22.41% 36.07% 12.94%
Gross Profit $44.63M $52.20M $50.01M
YoY Change -16.64% 12.26% 3.56%
Gross Profit Margin 35.39% 39.61% 46.55%
Selling, General & Admin $28.65M $33.50M $30.85M
YoY Change -1.85% 8.41% 7.69%
% of Gross Profit 64.19% 64.18% 61.7%
Research & Development $32.63M $30.90M $25.03M
YoY Change 16.05% 35.53% 9.55%
% of Gross Profit 73.11% 59.2% 50.06%
Depreciation & Amortization $2.470M $2.860M $2.990M
YoY Change -16.55% -60.82% -58.12%
% of Gross Profit 5.53% 5.48% 5.98%
Operating Expenses $61.90M $64.40M $55.89M
YoY Change 17.21% 14.59% 3.39%
Operating Profit -$17.26M -$12.20M -$5.881M
YoY Change -2448.71% 25.77% 2.01%
Interest Expense -$60.00K $0.00 $170.0K
YoY Change -138.71% -39.07%
% of Operating Profit
Other Income/Expense, Net -$305.0K $600.0K $82.00K
YoY Change -1116.67% 100.0% 182.76%
Pretax Income -$17.63M -$11.60M -$5.702M
YoY Change -2186.15% 23.4% 0.44%
Income Tax $225.0K -$100.0K $124.0K
% Of Pretax Income
Net Earnings -$17.85M -$11.50M -$5.826M
YoY Change -2907.08% 21.05% 0.81%
Net Earnings / Revenue -14.16% -8.73% -5.42%
Basic Earnings Per Share -$0.35 -$0.12
Diluted Earnings Per Share -$0.35 -$233.7K -$0.12
COMMON SHARES
Basic Shares Outstanding 50.34M shares 48.79M shares 47.92M shares
Diluted Shares Outstanding 50.34M shares

Balance Sheet

Concept 2017 Q3 2016 Q4 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $50.20M $78.10M $64.20M
YoY Change -18.11% 6.11% -35.48%
Cash & Equivalents $64.18M $50.36M $26.05M
Short-Term Investments $12.90M $27.70M $38.20M
Other Short-Term Assets $51.20M $45.40M $14.90M
YoY Change 68.42% 215.28% 16.41%
Inventory $36.32M $44.55M $40.76M
Prepaid Expenses
Receivables $44.23M $51.34M $49.12M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $185.7M $219.3M $169.0M
YoY Change -1.84% 19.98% -13.26%
LONG-TERM ASSETS
Property, Plant & Equipment $17.00M $17.98M $15.65M
YoY Change 6.12% 4.87% -16.72%
Goodwill $116.2M $116.2M $116.2M
YoY Change 0.0% 0.0% 0.0%
Intangibles $0.00 $813.0K $2.440M
YoY Change -100.0% -87.72% -84.65%
Long-Term Investments
YoY Change
Other Assets $777.0K $1.994M $1.075M
YoY Change -17.08% 74.3% -13.38%
Total Long-Term Assets $133.9M $136.2M $135.3M
YoY Change -0.6% -3.5% -11.02%
TOTAL ASSETS
Total Short-Term Assets $185.7M $219.3M $169.0M
Total Long-Term Assets $133.9M $136.2M $135.3M
Total Assets $319.6M $355.5M $304.4M
YoY Change -1.33% 9.75% -12.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.58M $23.83M $13.80M
YoY Change 52.93% 21.55% -25.55%
Accrued Expenses $59.40M $69.72M $43.93M
YoY Change 21.18% 96.31% 20.21%
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 $147.2M $121.4M $70.10M
YoY Change 74.03% 80.54% 9.16%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $881.0K $878.0K $1.085M
YoY Change -10.01% -32.1% -42.98%
Total Long-Term Liabilities $881.0K $878.0K $1.085M
YoY Change -10.01% -32.1% -42.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $147.2M $121.4M $70.10M
Total Long-Term Liabilities $881.0K $878.0K $1.085M
Total Liabilities $169.3M $142.5M $90.83M
YoY Change 60.57% 61.76% 6.25%
SHAREHOLDERS EQUITY
Retained Earnings -$654.5M -$584.3M -$573.5M
YoY Change 14.25% 4.92% 4.59%
Common Stock $845.2M $837.9M $827.1M
YoY Change 1.64% 2.18% 1.73%
Preferred Stock
YoY Change
Treasury Stock (at cost) $39.99M $39.99M $39.99M
YoY Change 0.0% 47.13% 1084.07%
Treasury Stock Shares 5.330M shares 5.330M shares 5.330M shares
Shareholders Equity $150.4M $213.0M $213.5M
YoY Change
Total Liabilities & Shareholders Equity $319.6M $355.5M $304.4M
YoY Change -1.33% 9.75% -12.28%

Cashflow Statement

Concept 2017 Q3 2016 Q4 2016 Q2
OPERATING ACTIVITIES
Net Income -$17.85M -$11.50M -$5.826M
YoY Change -2907.08% 21.05% 0.81%
Depreciation, Depletion And Amortization $2.470M $2.860M $2.990M
YoY Change -16.55% -60.82% -58.12%
Cash From Operating Activities $2.020M $19.16M $120.0K
YoY Change -1653.85% -561.69% -97.71%
INVESTING ACTIVITIES
Capital Expenditures -$2.610M -$4.480M -$1.630M
YoY Change 14.47% 234.33% -13.3%
Acquisitions
YoY Change
Other Investing Activities $12.31M $1.750M $4.650M
YoY Change 44.82% -76.42% -42.66%
Cash From Investing Activities $9.690M -$2.730M $3.020M
YoY Change 55.79% -144.75% -51.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -850.0K 2.440M 1.610M
YoY Change 254.17% -116.93% -208.05%
NET CHANGE
Cash From Operating Activities 2.020M 19.16M 120.0K
Cash From Investing Activities 9.690M -2.730M 3.020M
Cash From Financing Activities -850.0K 2.440M 1.610M
Net Change In Cash 10.86M 18.87M 4.750M
YoY Change 85.64% -251.44% -52.4%
FREE CASH FLOW
Cash From Operating Activities $2.020M $19.16M $120.0K
Capital Expenditures -$2.610M -$4.480M -$1.630M
Free Cash Flow $4.630M $23.64M $1.750M
YoY Change 115.35% -941.28% -75.39%

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