2017 Q1 Form 10-Q Financial Statement
#000156459018011252 Filed on May 07, 2018
Income Statement
| Concept | 2017 Q1 |
|---|---|
| Revenue | $29.90M |
| YoY Change | 10.33% |
| Cost Of Revenue | $20.26M |
| YoY Change | 7.37% |
| Gross Profit | $9.700M |
| YoY Change | 18.29% |
| Gross Profit Margin | 32.44% |
| Selling, General & Admin | $5.162M |
| YoY Change | 6.39% |
| % of Gross Profit | 53.22% |
| Research & Development | |
| YoY Change | |
| % of Gross Profit | |
| Depreciation & Amortization | $915.0K |
| YoY Change | 0.66% |
| % of Gross Profit | 9.43% |
| Operating Expenses | $5.162M |
| YoY Change | 6.39% |
| Operating Profit | $4.500M |
| YoY Change | 32.35% |
| Interest Expense | $340.0K |
| YoY Change | 1033.33% |
| % of Operating Profit | 7.56% |
| Other Income/Expense, Net | |
| YoY Change | |
| Pretax Income | $4.859M |
| YoY Change | 43.55% |
| Income Tax | $1.708M |
| % Of Pretax Income | 35.15% |
| Net Earnings | $3.200M |
| YoY Change | 45.45% |
| Net Earnings / Revenue | 10.7% |
| Basic Earnings Per Share | |
| Diluted Earnings Per Share | $253.6K |
| COMMON SHARES | |
| Basic Shares Outstanding | 2.419M |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2017 Q1 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $30.10M |
| YoY Change | -37.42% |
| Cash & Equivalents | $30.11M |
| Short-Term Investments | |
| Other Short-Term Assets | $800.0K |
| YoY Change | -42.86% |
| Inventory | $15.30M |
| Prepaid Expenses | |
| Receivables | $13.00M |
| Other Receivables | $0.00 |
| Total Short-Term Assets | $59.23M |
| YoY Change | -21.76% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $32.70M |
| YoY Change | -3.54% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | $29.00M |
| YoY Change | |
| Other Assets | $600.0K |
| YoY Change | 0.0% |
| Total Long-Term Assets | $86.07M |
| YoY Change | 47.89% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $59.23M |
| Total Long-Term Assets | $86.07M |
| Total Assets | $145.3M |
| YoY Change | 8.51% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $3.661M |
| YoY Change | 21.31% |
| Accrued Expenses | $5.900M |
| YoY Change | 5.36% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | |
| YoY Change | |
| Total Short-Term Liabilities | $12.00M |
| YoY Change | 23.71% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $0.00 |
| YoY Change | |
| Other Long-Term Liabilities | |
| YoY Change | |
| Total Long-Term Liabilities | $0.00 |
| YoY Change | |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $12.00M |
| Total Long-Term Liabilities | $0.00 |
| Total Liabilities | $17.00M |
| YoY Change | 15.65% |
| SHAREHOLDERS EQUITY | |
| Retained Earnings | |
| YoY Change | |
| Common Stock | |
| YoY Change | |
| Preferred Stock | |
| YoY Change | |
| Treasury Stock (at cost) | |
| YoY Change | |
| Treasury Stock Shares | |
| Shareholders Equity | $128.3M |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $145.3M |
| YoY Change | 8.51% |
Cashflow Statement
| Concept | 2017 Q1 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | $3.200M |
| YoY Change | 45.45% |
| Depreciation, Depletion And Amortization | $915.0K |
| YoY Change | 0.66% |
| Cash From Operating Activities | -$210.0K |
| YoY Change | -91.43% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | $609.0K |
| YoY Change | -50.12% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | -$1.600M |
| YoY Change | |
| Cash From Investing Activities | -$2.210M |
| YoY Change | 81.15% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | -620.0K |
| YoY Change | 0.0% |
| NET CHANGE | |
| Cash From Operating Activities | -210.0K |
| Cash From Investing Activities | -2.210M |
| Cash From Financing Activities | -620.0K |
| Net Change In Cash | -3.040M |
| YoY Change | -29.14% |
| FREE CASH FLOW | |
| Cash From Operating Activities | -$210.0K |
| Capital Expenditures | $609.0K |
| Free Cash Flow | -$819.0K |
| YoY Change | -77.69% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2017Q1 | us-gaap |
Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
|
14100000 | |
| CY2017Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
621000 | |
| CY2017Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-3040000 | |
| CY2018Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
602000 | |
| CY2018Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
621000 | |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-2209000 | |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-444000 | |
| CY2016Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
33153000 | |
| CY2018Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-1302000 | |
| CY2018Q1 | us-gaap |
Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
|
12600000 | |
| CY2018Q1 | us-gaap |
Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
|
12400000 | |
| CY2017Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
30113000 | |
| CY2017Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
585000 | |
| CY2018Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
621000 | |
| CY2017Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
70000 | |
| CY2018Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
72000 | |
| CY2017Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
2730000 | |
| CY2018Q1 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
2770000 | |
| CY2017Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
9836000 | |
| CY2018Q1 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
10667000 | |
| CY2017Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
2816000 | |
| CY2018Q1 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
2891000 | |
| CY2017Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
7413000 | |
| CY2018Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
4008000 | |
| CY2017Q4 | cix |
Accrued Customer Tooling Cost
AccruedCustomerToolingCost
|
290000 | |
| CY2018Q1 | cix |
Accrued Customer Tooling Cost
AccruedCustomerToolingCost
|
319000 | |
| CY2017Q4 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
|
289000 | |
| CY2018Q1 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
|
504000 | |
| CY2017Q1 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
132000 | |
| CY2017Q1 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
20000 | |
| CY2017Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | |
| CY2017 | us-gaap |
Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
|
-1900000 | |
| CY2017Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
400000 |
