2018 Q4 Form 10-Q Financial Statement

#000002319718000097 Filed on December 06, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2017 Q4
Revenue $160.8M $121.6M
YoY Change 32.31% -10.47%
Cost Of Revenue $103.1M $73.85M
YoY Change 39.57% -11.74%
Gross Profit $57.77M $47.72M
YoY Change 21.07% -8.43%
Gross Profit Margin 35.92% 39.25%
Selling, General & Admin $31.85M $28.48M
YoY Change 11.84% -12.88%
% of Gross Profit 55.13% 59.68%
Research & Development $13.21M $13.75M
YoY Change -3.93% -2.45%
% of Gross Profit 22.87% 28.82%
Depreciation & Amortization $2.851M $3.346M
YoY Change -14.79% -10.75%
% of Gross Profit 4.94% 7.01%
Operating Expenses $50.48M $47.49M
YoY Change 6.28% -10.11%
Operating Profit $7.293M $222.0K
YoY Change 3185.14% -130.49%
Interest Expense $2.669M $2.588M
YoY Change 3.13% -22.17%
% of Operating Profit 36.6% 1165.77%
Other Income/Expense, Net -$100.0K $0.00
YoY Change
Pretax Income $1.341M -$2.405M
YoY Change -155.76% -40.63%
Income Tax -$2.127M -$745.0K
% Of Pretax Income -158.61%
Net Earnings $3.468M -$1.660M
YoY Change -308.92% -33.31%
Net Earnings / Revenue 2.16% -1.37%
Basic Earnings Per Share $0.14 -$0.07
Diluted Earnings Per Share $0.14 -$0.07
COMMON SHARES
Basic Shares Outstanding 24.00M shares 23.80M shares
Diluted Shares Outstanding 24.38M shares 23.80M shares

Balance Sheet

Concept 2018 Q4 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $42.90M $42.50M
YoY Change 0.94% -32.22%
Cash & Equivalents $42.94M $42.51M
Short-Term Investments
Other Short-Term Assets $13.10M $15.30M
YoY Change -14.38% -13.07%
Inventory $89.57M $70.19M
Prepaid Expenses
Receivables $159.3M $113.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $304.9M $241.9M
YoY Change 26.02% -17.4%
LONG-TERM ASSETS
Property, Plant & Equipment $28.54M $31.40M
YoY Change -9.1% -15.56%
Goodwill $290.6M $290.6M
YoY Change 0.0% 0.77%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.679M $2.803M
YoY Change -4.42% -11.94%
Total Long-Term Assets $562.0M $592.1M
YoY Change -5.08% -3.02%
TOTAL ASSETS
Total Short-Term Assets $304.9M $241.9M
Total Long-Term Assets $562.0M $592.1M
Total Assets $866.9M $834.1M
YoY Change 3.94% -7.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.34M $30.51M
YoY Change 15.82% 2.07%
Accrued Expenses $68.81M $63.10M
YoY Change 9.04% -34.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $16.14M
YoY Change -100.0% 32.54%
Total Short-Term Liabilities $142.6M $136.9M
YoY Change 4.16% -23.03%
LONG-TERM LIABILITIES
Long-Term Debt $193.4M $175.2M
YoY Change 10.39% -26.37%
Other Long-Term Liabilities $3.843M $5.556M
YoY Change -30.83% 46.63%
Total Long-Term Liabilities $197.2M $180.7M
YoY Change 9.13% -25.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $142.6M $136.9M
Total Long-Term Liabilities $197.2M $180.7M
Total Liabilities $360.8M $350.2M
YoY Change 3.04% -20.8%
SHAREHOLDERS EQUITY
Retained Earnings $406.2M $381.1M
YoY Change 6.6% 1.89%
Common Stock $3.894M $3.864M
YoY Change 0.78% 0.21%
Preferred Stock
YoY Change
Treasury Stock (at cost) $441.8M $441.8M
YoY Change 0.0% 0.0%
Treasury Stock Shares 15.03M shares 15.03M shares
Shareholders Equity $506.1M $476.0M
YoY Change
Total Liabilities & Shareholders Equity $866.9M $826.2M
YoY Change 4.93% -8.55%

Cashflow Statement

Concept 2018 Q4 2017 Q4
OPERATING ACTIVITIES
Net Income $3.468M -$1.660M
YoY Change -308.92% -33.31%
Depreciation, Depletion And Amortization $2.851M $3.346M
YoY Change -14.79% -10.75%
Cash From Operating Activities -$14.13M $6.486M
YoY Change -317.85% -16.7%
INVESTING ACTIVITIES
Capital Expenditures $1.645M $1.108M
YoY Change 48.47% -46.6%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.645M -$1.108M
YoY Change 48.47% -46.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $15.23M -$4.715M
YoY Change -423.1% -51.91%
NET CHANGE
Cash From Operating Activities -$14.13M $6.486M
Cash From Investing Activities -$1.645M -$1.108M
Cash From Financing Activities $15.23M -$4.715M
Net Change In Cash -$541.0K $663.0K
YoY Change -181.6% -116.19%
FREE CASH FLOW
Cash From Operating Activities -$14.13M $6.486M
Capital Expenditures $1.645M $1.108M
Free Cash Flow -$15.78M $5.378M
YoY Change -393.32% -5.83%

Facts In Submission

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3468000 USD
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1645000 USD
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0.10
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0 USD
CY2018Q4 us-gaap Proceeds From Stock Options Exercised
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174000 USD
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189000 USD
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CY2017Q4 us-gaap Product Warranty Accrual Classified Current
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CY2017Q4 us-gaap Product Warranty Accrual Payments
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1830000 USD
CY2018Q4 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1515000 USD
CY2017Q4 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
3892000 USD
CY2018Q4 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
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CY2017Q4 us-gaap Product Warranty Accrual Warranties Issued
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1106000 USD
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1020000 USD
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CY2017Q4 us-gaap Provision For Doubtful Accounts
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147000 USD
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CY2017Q4 us-gaap Repayments Of Long Term Capital Lease Obligations
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454000 USD
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CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
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405194000 USD
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406199000 USD
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14
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189000 USD
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0 USD
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0 USD
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100000000 USD
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8664000 USD
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0 shares
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480150000 USD
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476019000 USD
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505684000 USD
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CY2018Q3 us-gaap Treasury Stock Shares
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441849000 USD
CY2018Q3 us-gaap Unrecognized Tax Benefits
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9339000 USD
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202000 USD
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52000 USD
CY2018Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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8563000 USD
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6693000 USD
CY2017Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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24375000 shares
CY2017Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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23797000 shares
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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23999000 shares
CY2017Q4 us-gaap Write Off Of Deferred Debt Issuance Cost
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0 USD
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3217000 USD

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