2018 Q3 Form 10-Q Financial Statement

#000156459018019438 Filed on August 06, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q4 2017 Q2
Revenue $30.00M $25.10M $30.00M
YoY Change 11.11% -4.56% 10.7%
Cost Of Revenue $20.44M $17.66M $20.49M
YoY Change 8.73% 2.32% 10.06%
Gross Profit $9.600M $7.400M $9.500M
YoY Change 17.07% -18.68% 11.76%
Gross Profit Margin 32.0% 29.48% 31.67%
Selling, General & Admin $5.074M $4.690M $4.910M
YoY Change 5.05% -7.13% 2.96%
% of Gross Profit 52.85% 63.38% 51.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $858.0K $920.0K $910.0K
YoY Change -6.74% 1.1% -3.19%
% of Gross Profit 8.94% 12.43% 9.58%
Operating Expenses $5.074M $4.690M $4.910M
YoY Change 5.05% -6.94% 2.96%
Operating Profit $4.500M $2.700M $4.600M
YoY Change 32.35% -32.5% 24.32%
Interest Expense $697.0K $570.0K $480.0K
YoY Change 26.73% 147.83% 1100.0%
% of Operating Profit 15.49% 21.11% 10.43%
Other Income/Expense, Net
YoY Change
Pretax Income $5.217M $3.310M $5.080M
YoY Change 33.43% -22.3% 35.18%
Income Tax $1.286M $920.0K $1.780M
% Of Pretax Income 24.65% 27.79% 35.04%
Net Earnings $3.900M $4.300M $3.300M
YoY Change 56.0% 48.28% 37.5%
Net Earnings / Revenue 13.0% 17.13% 11.0%
Basic Earnings Per Share
Diluted Earnings Per Share $316.1K $341.9K $265.7K
COMMON SHARES
Basic Shares Outstanding 12.44M
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q3 2017 Q4 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $43.74M $29.70M $22.50M
YoY Change 51.89% -10.54% -56.14%
Cash & Equivalents $43.74M $29.66M $22.54M
Short-Term Investments
Other Short-Term Assets $908.0K $900.0K $700.0K
YoY Change 29.71% 28.57% -46.15%
Inventory $17.16M $15.38M $15.30M
Prepaid Expenses
Receivables $13.35M $10.45M $12.20M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $75.16M $56.36M $50.70M
YoY Change 32.78% -4.75% -35.9%
LONG-TERM ASSETS
Property, Plant & Equipment $31.54M $32.07M $32.80M
YoY Change -3.24% -3.13% -1.49%
Goodwill $23.74M
YoY Change
Intangibles
YoY Change
Long-Term Investments $33.00M $38.20M $39.50M
YoY Change -10.08% 39.42%
Other Assets $590.0K $590.0K $600.0K
YoY Change -1.67% -1.67% 1.69%
Total Long-Term Assets $88.88M $94.60M $96.60M
YoY Change -5.05% 11.52% 67.51%
TOTAL ASSETS
Total Short-Term Assets $75.16M $56.36M $50.70M
Total Long-Term Assets $88.88M $94.60M $96.60M
Total Assets $164.0M $151.0M $147.3M
YoY Change 9.21% 4.83% 7.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.277M $2.300M $3.506M
YoY Change 12.57% -12.01% 9.32%
Accrued Expenses $8.760M $8.500M $6.700M
YoY Change 3.06% -8.6% -1.47%
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 $13.23M $11.26M $11.30M
YoY Change 7.52% -15.32% 6.58%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $13.23M $11.26M $11.30M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $16.52M $14.40M $16.20M
YoY Change -3.97% -20.88% 3.85%
SHAREHOLDERS EQUITY
Retained Earnings $80.85M
YoY Change
Common Stock $55.61M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $147.5M $136.6M $131.1M
YoY Change
Total Liabilities & Shareholders Equity $164.0M $151.0M $147.3M
YoY Change 9.21% 4.83% 7.7%

Cashflow Statement

Concept 2018 Q3 2017 Q4 2017 Q2
OPERATING ACTIVITIES
Net Income $3.900M $4.300M $3.300M
YoY Change 56.0% 48.28% 37.5%
Depreciation, Depletion And Amortization $858.0K $920.0K $910.0K
YoY Change -6.74% 1.1% -3.19%
Cash From Operating Activities $6.705M $3.650M $4.540M
YoY Change 45.76% -38.45% 5.09%
INVESTING ACTIVITIES
Capital Expenditures -$672.0K -$670.0K -$990.0K
YoY Change 26.79% -20.24% 120.0%
Acquisitions
YoY Change
Other Investing Activities $4.600M -$1.500M -$10.50M
YoY Change 64.29% -91.02%
Cash From Investing Activities $3.928M -$2.170M -$11.49M
YoY Change 73.04% -87.63% 2453.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -625.0K -630.0K -620.0K
YoY Change 0.81% 1.61% 0.0%
NET CHANGE
Cash From Operating Activities 6.705M 3.650M 4.540M
Cash From Investing Activities 3.928M -2.170M -11.49M
Cash From Financing Activities -625.0K -630.0K -620.0K
Net Change In Cash 10.01M 850.0K -7.570M
YoY Change 60.13% -106.95% -332.92%
FREE CASH FLOW
Cash From Operating Activities $6.705M $3.650M $4.540M
Capital Expenditures -$672.0K -$670.0K -$990.0K
Free Cash Flow $7.377M $4.320M $5.530M
YoY Change 43.8% -36.19% 15.93%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2017Q4 us-gaap Assets Current
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us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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us-gaap Income Tax Reconciliation State And Local Income Taxes
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us-gaap Income Tax Reconciliation Other Adjustments
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CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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cix Adjustments To Additional Paid In Capital Stock Issued
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us-gaap Payments Of Dividends Common Stock
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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us-gaap Profit Loss
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6454000
us-gaap Repayment Of Notes Receivable From Related Parties
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27200000
us-gaap Payments For Advance To Affiliate
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39300000
us-gaap Net Cash Provided By Used In Investing Activities
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-13699000
CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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us-gaap Income Taxes Paid Net
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2036000
us-gaap Dividends Common Stock Cash
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1243000
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2018Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2017Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
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CY2018Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
2665000
CY2017Q4 us-gaap Inventory Work In Process Net Of Reserves
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9836000
CY2018Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
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CY2017Q4 us-gaap Inventory Finished Goods Net Of Reserves
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CY2018Q2 us-gaap Inventory Finished Goods Net Of Reserves
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CY2017Q4 us-gaap Employee Related Liabilities Current
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7413000
CY2018Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5471000
CY2018Q2 cix Accrued Customer Tooling Cost
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364000
CY2017Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
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289000
CY2018Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
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433000
CY2017Q4 us-gaap Other Accrued Liabilities Current
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528000
CY2018Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
683000
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
3480000
us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
298000
us-gaap Income Tax Reconciliation State And Local Income Taxes
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396000
us-gaap Income Tax Reconciliation Other Adjustments
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38000
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
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CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
400000

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