2016 Q4 Form 10-K Financial Statement
#000091114717000006 Filed on March 10, 2017
Income Statement
| Concept | 2016 Q4 | 2016 Q1 | 2016 |
|---|---|---|---|
| Revenue | $36.98M | $33.23M | $139.2M |
| YoY Change | 15.82% | 9.27% | 4.14% |
| Cost Of Revenue | $19.89M | $16.07M | $8.943M |
| YoY Change | 17.55% | -5.3% | -86.69% |
| Gross Profit | $36.28M | $33.23M | $139.2M |
| YoY Change | 13.62% | 147.22% | 4.11% |
| Gross Profit Margin | 98.1% | 99.99% | 100.0% |
| Selling, General & Admin | $10.60M | $11.07M | $44.30M |
| YoY Change | -3.81% | 16.16% | 3.75% |
| % of Gross Profit | 29.22% | 33.32% | 31.82% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $2.090M | $2.010M | $8.349M |
| YoY Change | -5.86% | 11.05% | 4.36% |
| % of Gross Profit | 5.76% | 6.05% | 6.0% |
| Operating Expenses | $12.68M | $13.08M | $123.1M |
| YoY Change | -4.23% | 15.34% | 142.74% |
| Operating Profit | $3.706M | $4.082M | $16.17M |
| YoY Change | 108.79% | 94.38% | -80.53% |
| Interest Expense | -$150.0K | -$560.0K | $3.160M |
| YoY Change | -171.43% | 229.41% | -363.33% |
| % of Operating Profit | -4.05% | -13.72% | 19.55% |
| Other Income/Expense, Net | -$565.0K | ||
| YoY Change | |||
| Pretax Income | $4.260M | $3.520M | $15.60M |
| YoY Change | 114.07% | 82.38% | 6.85% |
| Income Tax | -$590.0K | $780.0K | $1.787M |
| % Of Pretax Income | -13.85% | 22.16% | 11.46% |
| Net Earnings | $2.798M | $2.281M | $9.215M |
| YoY Change | 694.89% | 23.3% | -19.87% |
| Net Earnings / Revenue | 7.57% | 6.86% | 6.62% |
| Basic Earnings Per Share | $0.12 | $0.09 | $0.38 |
| Diluted Earnings Per Share | $0.11 | $0.09 | $0.37 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 24.44M | 24.44M | |
| Diluted Shares Outstanding | 24.67M |
Balance Sheet
| Concept | 2016 Q4 | 2016 Q1 | 2016 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $38.80M | $29.90M | $38.80M |
| YoY Change | 31.97% | 15.44% | 31.97% |
| Cash & Equivalents | $39.02M | $29.90M | $38.80M |
| Short-Term Investments | |||
| Other Short-Term Assets | $1.800M | $1.800M | $1.800M |
| YoY Change | 28.57% | -21.74% | 28.57% |
| Inventory | $600.0K | $500.0K | $600.0K |
| Prepaid Expenses | |||
| Receivables | $4.700M | $2.600M | $4.700M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $45.90M | $34.90M | $45.90M |
| YoY Change | 35.4% | 16.33% | 35.4% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $140.8M | $136.1M | $140.8M |
| YoY Change | 6.99% | 3.26% | 6.99% |
| Goodwill | $13.39M | ||
| YoY Change | |||
| Intangibles | $1.558M | ||
| YoY Change | |||
| Long-Term Investments | $1.000M | $1.000M | $1.000M |
| YoY Change | 0.0% | 0.0% | 0.0% |
| Other Assets | $3.000M | $5.900M | $3.000M |
| YoY Change | -41.18% | 25.53% | -41.18% |
| Total Long-Term Assets | $171.9M | $158.6M | $171.9M |
| YoY Change | 12.72% | 3.26% | 12.72% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $45.90M | $34.90M | $45.90M |
| Total Long-Term Assets | $171.9M | $158.6M | $171.9M |
| Total Assets | $217.8M | $193.5M | $217.8M |
| YoY Change | 16.85% | 5.39% | 16.85% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $1.900M | $1.300M | $1.900M |
| YoY Change | -29.63% | -48.0% | -29.63% |
| Accrued Expenses | $19.10M | $14.20M | $19.10M |
| YoY Change | 36.43% | 7.58% | 36.43% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $5.600M | $4.100M | $5.600M |
| YoY Change | 36.59% | -36.92% | 36.59% |
| Total Short-Term Liabilities | $28.60M | $22.00M | $28.60M |
| YoY Change | 23.81% | -14.4% | 23.81% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $50.00M | $33.80M | $50.00M |
| YoY Change | 54.32% | -3.98% | 54.32% |
| Other Long-Term Liabilities | $600.0K | $700.0K | $600.0K |
| YoY Change | 0.0% | 40.0% | 0.0% |
| Total Long-Term Liabilities | $50.60M | $34.50M | $50.60M |
| YoY Change | 53.33% | -3.36% | 53.33% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $28.60M | $22.00M | $28.60M |
| Total Long-Term Liabilities | $50.60M | $34.50M | $50.60M |
| Total Liabilities | $85.60M | $65.60M | $85.60M |
| YoY Change | 32.92% | -4.09% | 32.92% |
| 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 | $132.2M | $127.9M | $132.2M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $217.8M | $193.5M | $217.8M |
| YoY Change | 16.85% | 5.39% | 16.85% |
Cashflow Statement
| Concept | 2016 Q4 | 2016 Q1 | 2016 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $2.798M | $2.281M | $9.215M |
| YoY Change | 694.89% | 23.3% | -19.87% |
| Depreciation, Depletion And Amortization | $2.090M | $2.010M | $8.349M |
| YoY Change | -5.86% | 11.05% | 4.36% |
| Cash From Operating Activities | $6.710M | $3.290M | $22.30M |
| YoY Change | 11.46% | 27.52% | 15.48% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$2.080M | -$2.250M | $7.104M |
| YoY Change | -54.08% | -68.58% | -137.63% |
| Acquisitions | $19.74M | ||
| YoY Change | |||
| Other Investing Activities | $3.440M | $0.00 | -$19.73M |
| YoY Change | -100.0% | -2918.57% | |
| Cash From Investing Activities | $1.360M | -$2.250M | -$26.83M |
| YoY Change | -130.02% | -68.31% | 47.57% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | $5.165M | ||
| YoY Change | |||
| Cash From Financing Activities | -1.550M | -1.140M | 15.56M |
| YoY Change | -19.27% | -116.94% | 251.97% |
| NET CHANGE | |||
| Cash From Operating Activities | 6.710M | 3.290M | 22.30M |
| Cash From Investing Activities | 1.360M | -2.250M | -26.83M |
| Cash From Financing Activities | -1.550M | -1.140M | 15.56M |
| Net Change In Cash | 6.520M | -100.0K | 9.452M |
| YoY Change | -1616.28% | -104.52% | 70.31% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $6.710M | $3.290M | $22.30M |
| Capital Expenditures | -$2.080M | -$2.250M | $7.104M |
| Free Cash Flow | $8.790M | $5.540M | $15.20M |
| YoY Change | -16.68% | -43.12% | -60.21% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2015 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
38206 | |
| CY2015 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
4.30 | |
| CY2016 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
4.83 | |
| CY2014 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
3296 | |
| CY2016 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
24435000 | |
| CY2016 | cnty |
Capital Expenditures
CapitalExpenditures
|
16646000 | |
| CY2015Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.27 | |
| CY2015Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | |
| CY2016Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.09 | |
| CY2016Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.12 | |
| CY2015Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.27 | |
| CY2015Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | |
| CY2016Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.09 | |
| CY2016Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.11 | |
| CY2014 | us-gaap |
Gross Profit
GrossProfit
|
120048000 | |
| CY2015 | us-gaap |
Gross Profit
GrossProfit
|
133734000 | |
| CY2015Q2 | us-gaap |
Gross Profit
GrossProfit
|
37875000 | |
| CY2015Q4 | us-gaap |
Gross Profit
GrossProfit
|
31930000 | |
| CY2016Q1 | us-gaap |
Gross Profit
GrossProfit
|
33226000 | |
| CY2016 | us-gaap |
Gross Profit
GrossProfit
|
139234000 | |
| CY2016Q4 | us-gaap |
Gross Profit
GrossProfit
|
36279000 | |
| CY2015Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.32 | |
| CY2015Q4 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.07 | |
| CY2016Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.17 | |
| CY2016Q4 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.15 | |
| CY2015Q2 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.32 | |
| CY2015Q4 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.07 | |
| CY2016Q1 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.17 | |
| CY2014 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0.91 | |
| CY2016 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
64701 | |
| CY2016Q4 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.15 | |
| CY2015Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
6597000 | |
| CY2015Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
352000 | |
| CY2016Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2281000 | |
| CY2016Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2798000 | |
| CY2015Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
7839000 | |
| CY2015Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1775000 | |
| CY2016Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
4082000 | |
| CY2016Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
3706000 | |
| CY2014 | us-gaap |
Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
|
318000 | |
| CY2015 | us-gaap |
Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
|
-3365000 | |
| CY2015Q2 | us-gaap |
Profit Loss
ProfitLoss
|
7619000 | |
| CY2015Q4 | us-gaap |
Profit Loss
ProfitLoss
|
738000 | |
| CY2016Q1 | us-gaap |
Profit Loss
ProfitLoss
|
2740000 | |
| CY2016Q4 | us-gaap |
Profit Loss
ProfitLoss
|
4334000 |
