2018 Q3 Form 10-Q Financial Statement
#000156459018019438 Filed on August 06, 2018
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 |
---|---|---|---|---|
CY2018Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
12435557 | |
CY2017Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
29655000 | |
CY2017Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
10446000 | |
CY2017Q4 | us-gaap |
Inventory Net
InventoryNet
|
15382000 | |
CY2017Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
879000 | |
CY2017Q4 | us-gaap |
Assets Current
AssetsCurrent
|
56362000 | |
CY2017Q4 | us-gaap |
Due From Affiliate Noncurrent
DueFromAffiliateNoncurrent
|
38200000 | |
CY2017Q2 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
20494000 | |
CY2017Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
30002000 | |
us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
2430000 | ||
us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
269000 | ||
us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
20000 | ||
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | |
cix |
Adjustments To Additional Paid In Capital Stock Issued
AdjustmentsToAdditionalPaidInCapitalStockIssued
|
139000 | ||
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
1242000 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-10610000 | ||
us-gaap |
Profit Loss
ProfitLoss
|
6454000 | ||
us-gaap |
Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
|
27200000 | ||
us-gaap |
Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
|
39300000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-13699000 | ||
CY2017Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
22543000 | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
3747000 | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
2036000 | ||
us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
1243000 | ||
CY2016Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
33153000 | |
CY2017Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
70000 | |
CY2018Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
70000 | |
CY2017Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
2730000 | |
CY2018Q2 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
2665000 | |
CY2017Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
9836000 | |
CY2018Q2 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
10630000 | |
CY2017Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
2816000 | |
CY2018Q2 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
3284000 | |
CY2017Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
7413000 | |
CY2018Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
5471000 | |
CY2018Q2 | cix |
Accrued Customer Tooling Cost
AccruedCustomerToolingCost
|
364000 | |
CY2017Q4 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
|
289000 | |
CY2018Q2 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
|
433000 | |
CY2017Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
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
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
396000 | ||
us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
38000 | ||
CY2017 | us-gaap |
Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
|
-1900000 | |
CY2017Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
400000 |