2020 Q4 Form 10-Q Financial Statement

#000175392620000379 Filed on November 16, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $8.570M $8.412M $5.992M
YoY Change 35.39% 40.39% -10.34%
Cost Of Revenue $4.980M $4.892M $3.455M
YoY Change 50.45% 41.59% -6.7%
Gross Profit $3.580M $3.520M $2.537M
YoY Change 18.94% 38.75% -14.87%
Gross Profit Margin 41.77% 41.84% 42.34%
Selling, General & Admin $3.210M $3.179M $3.207M
YoY Change -9.07% -0.87% -8.61%
% of Gross Profit 89.66% 90.31% 126.41%
Research & Development $1.190M $1.501M $1.428M
YoY Change -17.93% 5.11% -19.82%
% of Gross Profit 33.24% 42.64% 56.29%
Depreciation & Amortization $630.0K $600.0K $490.0K
YoY Change 36.96% 22.45% 22.5%
% of Gross Profit 17.6% 17.05% 19.31%
Operating Expenses $4.400M $4.680M $4.635M
YoY Change -11.65% 0.97% -12.38%
Operating Profit -$820.0K -$1.160M -$2.098M
YoY Change -58.38% -44.71% -9.18%
Interest Expense -$110.0K $108.0K
YoY Change
% of Operating Profit
Other Income/Expense, Net $10.00K $19.00K $142.0K
YoY Change -133.33% -86.62% 2740.0%
Pretax Income -$920.0K -$1.249M -$1.956M
YoY Change -53.77% -36.15% -15.14%
Income Tax -$3.750M $11.00K $20.00K
% Of Pretax Income
Net Earnings $5.550M -$1.260M -$1.976M
YoY Change -378.89% -36.23% -80.52%
Net Earnings / Revenue 64.76% -14.98% -32.98%
Basic Earnings Per Share -$0.07 -$0.12
Diluted Earnings Per Share $292.1K -$0.07 -$0.12
COMMON SHARES
Basic Shares Outstanding 18.77M shares 17.00M shares 16.65M shares
Diluted Shares Outstanding 17.00M shares 16.65M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.682M $7.210M $3.650M
YoY Change -5.75% 97.53% -18.71%
Cash & Equivalents $3.803M $5.583M $2.010M
Short-Term Investments $2.879M $1.620M $1.640M
Other Short-Term Assets $1.540M $2.180M $5.640M
YoY Change 30.51% -61.35% 122.92%
Inventory $10.46M $7.838M $11.69M
Prepaid Expenses
Receivables $5.194M $6.705M $6.319M
Other Receivables $7.170M $0.00 $0.00
Total Short-Term Assets $29.28M $23.93M $27.30M
YoY Change 16.28% -12.33% 6.92%
LONG-TERM ASSETS
Property, Plant & Equipment $906.0K $995.0K $1.099M
YoY Change -13.22% -9.46% -24.26%
Goodwill
YoY Change
Intangibles $19.25M $18.49M $12.61M
YoY Change 37.4% 46.67% 33.88%
Long-Term Investments $1.760M $1.390M $2.240M
YoY Change 15.79% -37.95% -61.11%
Other Assets $4.599M $4.596M $197.0K
YoY Change -0.33% 2232.99% -47.75%
Total Long-Term Assets $33.04M $33.84M $25.84M
YoY Change 10.41% 30.97% 2.25%
TOTAL ASSETS
Total Short-Term Assets $29.28M $23.93M $27.30M
Total Long-Term Assets $33.04M $33.84M $25.84M
Total Assets $62.32M $57.77M $53.13M
YoY Change 13.09% 8.73% 4.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.950M $4.355M $1.735M
YoY Change 37.58% 151.01% -48.42%
Accrued Expenses $2.352M $3.405M $2.864M
YoY Change -26.61% 18.89% 71.7%
Deferred Revenue $123.0K $227.0K
YoY Change -28.9% -9.2%
Short-Term Debt $672.0K $395.0K $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.097M $8.314M $4.826M
YoY Change 13.57% 72.28% -8.63%
LONG-TERM LIABILITIES
Long-Term Debt $3.245M $3.470M $0.00
YoY Change 46.04%
Other Long-Term Liabilities $678.0K $111.0K $195.0K
YoY Change 384.29% -43.08% -69.81%
Total Long-Term Liabilities $3.923M $111.0K $195.0K
YoY Change 66.09% -43.08% -69.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.097M $8.314M $4.826M
Total Long-Term Liabilities $3.923M $111.0K $195.0K
Total Liabilities $12.51M $13.52M $7.150M
YoY Change 17.65% 89.12% 17.93%
SHAREHOLDERS EQUITY
Retained Earnings -$13.38M -$18.93M -$11.90M
YoY Change -3.64% 59.08% 304.83%
Common Stock $63.38M $63.37M $58.05M
YoY Change 8.27% 9.15% 21.24%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $49.81M $44.25M $45.98M
YoY Change
Total Liabilities & Shareholders Equity $62.32M $57.77M $53.13M
YoY Change 13.09% 8.73% 4.6%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $5.550M -$1.260M -$1.976M
YoY Change -378.89% -36.23% -80.52%
Depreciation, Depletion And Amortization $630.0K $600.0K $490.0K
YoY Change 36.96% 22.45% 22.5%
Cash From Operating Activities -$670.0K -$420.0K -$5.170M
YoY Change -135.08% -91.88% 202.34%
INVESTING ACTIVITIES
Capital Expenditures -$80.00K -$80.00K -$50.00K
YoY Change -38.46% 60.0% -66.67%
Acquisitions
YoY Change
Other Investing Activities -$1.040M -$810.0K $4.920M
YoY Change -56.49% -116.46% 1487.1%
Cash From Investing Activities -$1.110M -$880.0K $4.860M
YoY Change -55.95% -118.11% 2937.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.00K 4.760M 0.000
YoY Change -99.62% -100.0%
NET CHANGE
Cash From Operating Activities -670.0K -420.0K -5.170M
Cash From Investing Activities -1.110M -880.0K 4.860M
Cash From Financing Activities 10.00K 4.760M 0.000
Net Change In Cash -1.770M 3.460M -310.0K
YoY Change -186.34% -1216.13% -79.87%
FREE CASH FLOW
Cash From Operating Activities -$670.0K -$420.0K -$5.170M
Capital Expenditures -$80.00K -$80.00K -$50.00K
Free Cash Flow -$590.0K -$340.0K -$5.120M
YoY Change -128.92% -93.36% 228.21%

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