2019 Q2 Form 10-Q Financial Statement

#000140666619000091 Filed on July 25, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2 2018 Q1
Revenue $100.3M $111.7M $99.40M
YoY Change -10.2% -4.95%
Cost Of Revenue $55.64M $60.84M $57.34M
YoY Change -8.55% -26.83%
Gross Profit $44.67M $50.87M $42.06M
YoY Change -12.18% 47.97%
Gross Profit Margin 44.53% 45.54% 42.31%
Selling, General & Admin $28.90M $30.90M $29.00M
YoY Change -6.47% -5.47%
% of Gross Profit 64.7% 60.74% 68.94%
Research & Development $20.70M $22.10M $25.54M
YoY Change -6.34% -34.63%
% of Gross Profit 46.34% 43.45% 60.71%
Depreciation & Amortization $2.360M $2.320M $2.623M
YoY Change 1.72% -5.81%
% of Gross Profit 5.28% 4.56% 6.24%
Operating Expenses $49.60M $53.79M $53.17M
YoY Change -7.79% -19.94%
Operating Profit -$4.931M -$2.926M -$11.11M
YoY Change 68.52% -91.08%
Interest Expense -$142.0K -$165.0K -$223.0K
YoY Change -13.94% -475.0%
% of Operating Profit
Other Income/Expense, Net $123.0K $456.0K -$294.0K
YoY Change -73.03% 280.0%
Pretax Income -$4.950M -$2.635M -$11.63M
YoY Change 87.86% -91.93%
Income Tax $95.00K $158.0K $110.0K
% Of Pretax Income
Net Earnings -$5.045M -$2.793M -$11.74M
YoY Change 80.63% -91.62%
Net Earnings / Revenue -5.03% -2.5% -11.81%
Basic Earnings Per Share
Diluted Earnings Per Share -$91.58K -$53.54K -$226.7K
COMMON SHARES
Basic Shares Outstanding 54.62M shares 51.97M shares 51.71M shares
Diluted Shares Outstanding 54.62M shares

Balance Sheet

Concept 2019 Q2 2018 Q2 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $34.90M $48.20M $42.60M
YoY Change -27.59% -6.41%
Cash & Equivalents $34.94M $48.18M $42.63M
Short-Term Investments
Other Short-Term Assets $7.700M $11.10M $12.60M
YoY Change -30.63% -78.82%
Inventory $45.36M $19.99M $27.06M
Prepaid Expenses
Receivables $60.19M $69.54M $80.88M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $148.2M $148.8M $138.0M
YoY Change -0.37% -30.69%
LONG-TERM ASSETS
Property, Plant & Equipment $29.11M $15.56M $14.81M
YoY Change 87.09% -14.26%
Goodwill $116.2M $116.2M $116.2M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.336M $1.981M $1.457M
YoY Change -32.56% 142.77%
Total Long-Term Assets $163.0M $133.7M $158.0M
YoY Change 21.93% -1.05%
TOTAL ASSETS
Total Short-Term Assets $148.2M $148.8M $138.0M
Total Long-Term Assets $163.0M $133.7M $158.0M
Total Assets $311.2M $282.5M $296.0M
YoY Change 10.19% -19.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $37.52M $26.11M $17.84M
YoY Change 43.7% 6.49%
Accrued Expenses $47.66M $47.45M $48.78M
YoY Change 0.45% -38.4%
Deferred Revenue $18.53M $12.25M
YoY Change
Short-Term Debt $25.00M $30.00M $30.00M
YoY Change -16.67%
Long-Term Debt Due $1.700M
YoY Change
Total Short-Term Liabilities $128.7M $120.8M $111.3M
YoY Change 6.58% -17.26%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.498M $2.051M $866.0K
YoY Change 21.79% 164.65%
Total Long-Term Liabilities $2.498M $2.051M $866.0K
YoY Change 21.79% 164.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $128.7M $120.8M $111.3M
Total Long-Term Liabilities $2.498M $2.051M $866.0K
Total Liabilities $164.0M $141.3M $149.3M
YoY Change 16.09% -15.69%
SHAREHOLDERS EQUITY
Retained Earnings -$699.7M -$680.1M -$665.6M
YoY Change 2.88% 10.11%
Common Stock $887.6M $861.7M $855.2M
YoY Change 3.01% 2.53%
Preferred Stock
YoY Change
Treasury Stock (at cost) $39.99M $39.99M $39.99M
YoY Change 0.0% 0.0%
Treasury Stock Shares 5.330M shares 5.330M shares 5.330M shares
Shareholders Equity $147.2M $141.2M $138.0M
YoY Change
Total Liabilities & Shareholders Equity $311.2M $282.5M $296.0M
YoY Change 10.19% -19.24%

Cashflow Statement

Concept 2019 Q2 2018 Q2 2018 Q1
OPERATING ACTIVITIES
Net Income -$5.045M -$2.793M -$11.74M
YoY Change 80.63% -91.62%
Depreciation, Depletion And Amortization $2.360M $2.320M $2.623M
YoY Change 1.72% -5.81%
Cash From Operating Activities -$2.880M $3.140M -$5.823M
YoY Change -191.72% -113.39%
INVESTING ACTIVITIES
Capital Expenditures -$4.500M -$1.080M $1.875M
YoY Change 316.67% -151.28%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $10.35M
YoY Change -100.0%
Cash From Investing Activities -$4.500M -$1.080M $8.475M
YoY Change 316.67% -352.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.550M 3.880M $3.000K
YoY Change -139.95% -459.26%
NET CHANGE
Cash From Operating Activities -2.880M 3.140M -$5.823M
Cash From Investing Activities -4.500M -1.080M $8.475M
Cash From Financing Activities -1.550M 3.880M $3.000K
Net Change In Cash -8.930M 5.940M $2.853M
YoY Change -250.34% -124.64%
FREE CASH FLOW
Cash From Operating Activities -$2.880M $3.140M -$5.823M
Capital Expenditures -$4.500M -$1.080M $1.875M
Free Cash Flow $1.620M $4.220M -$7.698M
YoY Change -61.61% -116.51%

Facts In Submission

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