2024 Q3 Form 10-Q Financial Statement

#000162828024035591 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $25.58M $22.74M
YoY Change 31.21% 11.89%
Cost Of Revenue $9.340M $9.046M
YoY Change 24.1% 13.54%
Gross Profit $16.24M $13.69M
YoY Change 35.68% 10.82%
Gross Profit Margin 63.49% 60.22%
Selling, General & Admin $13.35M $12.63M
YoY Change 12.4% -5.07%
% of Gross Profit 82.19% 92.26%
Research & Development $1.290M $1.316M
YoY Change 3.95% -3.59%
% of Gross Profit 7.94% 9.61%
Depreciation & Amortization $202.0K $207.0K
YoY Change -25.19% -23.62%
% of Gross Profit 1.24% 1.51%
Operating Expenses $14.64M $13.95M
YoY Change 11.6% -4.93%
Operating Profit $1.602M -$256.0K
YoY Change -239.67% -88.95%
Interest Expense $276.0K $241.0K
YoY Change 45.26% 92.8%
% of Operating Profit 17.23%
Other Income/Expense, Net
YoY Change
Pretax Income $1.878M -$15.00K
YoY Change -295.63% -99.32%
Income Tax
% Of Pretax Income
Net Earnings $1.878M -$15.00K
YoY Change -295.83% -99.32%
Net Earnings / Revenue 7.34% -0.07%
Basic Earnings Per Share $0.02 $0.00
Diluted Earnings Per Share $0.02 $0.00
COMMON SHARES
Basic Shares Outstanding 75.93M shares 75.54M shares
Diluted Shares Outstanding 77.77M shares 75.56M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $32.25M $27.73M
YoY Change 21.13% 5.63%
Cash & Equivalents $32.20M $27.70M
Short-Term Investments
Other Short-Term Assets $2.248M $2.240M
YoY Change -3.52% 9.97%
Inventory $10.54M $11.51M
Prepaid Expenses
Receivables $7.096M $7.818M
Other Receivables $2.000M $3.500M
Total Short-Term Assets $52.13M $49.30M
YoY Change 10.5% 6.3%
LONG-TERM ASSETS
Property, Plant & Equipment $3.617M $3.904M
YoY Change -31.75% -31.27%
Goodwill
YoY Change
Intangibles $397.0K $435.0K
YoY Change -28.08% -26.4%
Long-Term Investments
YoY Change
Other Assets $374.0K $394.0K
YoY Change -17.62% -23.94%
Total Long-Term Assets $4.388M $4.733M
YoY Change -30.37% -30.28%
TOTAL ASSETS
Total Short-Term Assets $52.13M $49.30M
Total Long-Term Assets $4.388M $4.733M
Total Assets $56.52M $54.04M
YoY Change 5.68% 1.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.903M $8.105M
YoY Change -24.95% -19.2%
Accrued Expenses $9.592M $8.621M
YoY Change 4.34% 6.71%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $12.00K $12.00K
YoY Change 20.0% 20.0%
Total Short-Term Liabilities $17.70M $17.87M
YoY Change -8.97% -6.26%
LONG-TERM LIABILITIES
Long-Term Debt $2.000K $6.000K
YoY Change -80.0% -64.71%
Other Long-Term Liabilities $4.452M $5.444M
YoY Change -33.75% -21.59%
Total Long-Term Liabilities $4.454M $5.450M
YoY Change -33.82% -21.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.70M $17.87M
Total Long-Term Liabilities $4.454M $5.450M
Total Liabilities $22.15M $23.32M
YoY Change -15.37% -10.39%
SHAREHOLDERS EQUITY
Retained Earnings -$189.1M -$191.0M
YoY Change -0.78% 0.71%
Common Stock $76.00K $75.00K
YoY Change 1.33% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $34.37M $30.72M
YoY Change
Total Liabilities & Shareholders Equity $56.52M $54.04M
YoY Change 5.68% 1.62%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $1.878M -$15.00K
YoY Change -295.83% -99.32%
Depreciation, Depletion And Amortization $202.0K $207.0K
YoY Change -25.19% -23.62%
Cash From Operating Activities $3.495M -$264.0K
YoY Change 773.75% -108.05%
INVESTING ACTIVITIES
Capital Expenditures $41.00K $12.00K
YoY Change 36.67% 20.0%
Acquisitions
YoY Change
Other Investing Activities $20.00K $0.00
YoY Change -100.0%
Cash From Investing Activities -$21.00K -$12.00K
YoY Change 5.0% 140.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.039M 596.0K
YoY Change -6060.0%
NET CHANGE
Cash From Operating Activities 3.495M -264.0K
Cash From Investing Activities -21.00K -12.00K
Cash From Financing Activities 1.039M 596.0K
Net Change In Cash 4.513M 320.0K
YoY Change 1087.63% -90.2%
FREE CASH FLOW
Cash From Operating Activities $3.495M -$264.0K
Capital Expenditures $41.00K $12.00K
Free Cash Flow $3.454M -$276.0K
YoY Change 833.51% -108.44%

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