2019 Q4 Form 10-K Financial Statement

#000162828021004654 Filed on March 12, 2021

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2019 Q2
Revenue $9.306M $6.935M $9.417M
YoY Change -11.27% 18.48% 32.92%
Cost Of Revenue $2.390M $1.581M $1.792M
YoY Change 58.28% 8.23% 17.66%
Gross Profit $6.920M $5.355M $7.625M
YoY Change 1053.33% 21.89% 37.11%
Gross Profit Margin 74.36% 77.21% 80.97%
Selling, General & Admin $7.180M $5.845M $6.253M
YoY Change 150.17% -14.94% -15.62%
% of Gross Profit 103.76% 109.15% 82.0%
Research & Development $2.080M $1.673M $1.716M
YoY Change -29.25% 28.08% 18.32%
% of Gross Profit 30.06% 31.24% 22.51%
Depreciation & Amortization $1.120M $1.110M $1.090M
YoY Change 28.74% 54.17% 55.71%
% of Gross Profit 16.18% 20.73% 14.29%
Operating Expenses $10.31M $7.517M $7.969M
YoY Change 55.27% -8.07% -10.07%
Operating Profit -$3.394M -$3.196M -$1.373M
YoY Change 3.07% 20.87% -28.44%
Interest Expense $20.00K $64.88K $91.20K
YoY Change -33.33% 237.92% 314.19%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$3.380M -$3.312M -$1.334M
YoY Change -43.85% 99.52% 79.96%
Income Tax -$10.00K $4.462K $4.462K
% Of Pretax Income
Net Earnings -$960.7K -$1.954M -$549.5K
YoY Change -56.73% 18.91% -23.75%
Net Earnings / Revenue -10.32% -28.17% -5.83%
Basic Earnings Per Share -$0.06 -$0.13 -$0.04
Diluted Earnings Per Share -$0.06 -$0.13 -$0.04
COMMON SHARES
Basic Shares Outstanding 15.18M shares 15.37M shares 15.52M shares
Diluted Shares Outstanding 15.37M shares 15.52M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $28.20M $29.24M $30.43M
YoY Change -22.16% -38.81% -39.98%
Cash & Equivalents $28.21M $26.98M $20.95M
Short-Term Investments $0.00 $2.266M $9.480M
Other Short-Term Assets $2.757M $1.992M $2.425M
YoY Change -6.96% -15.28% -13.38%
Inventory $8.871M $9.864M $10.65M
Prepaid Expenses
Receivables $7.859M $8.297M $8.427M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $50.16M $49.40M $51.93M
YoY Change -15.14% -22.36% -22.02%
LONG-TERM ASSETS
Property, Plant & Equipment $747.8K $743.8K $737.2K
YoY Change -3.04% 37.99% 22.87%
Goodwill $882.0K $882.0K $882.0K
YoY Change 12.5%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.299M $6.329M $6.066M
YoY Change 30.32% 125.28% 133.3%
Total Long-Term Assets $54.39M $54.37M $55.61M
YoY Change 1.51% 128.38% 133.67%
TOTAL ASSETS
Total Short-Term Assets $50.16M $49.40M $51.93M
Total Long-Term Assets $54.39M $54.37M $55.61M
Total Assets $104.5M $103.8M $107.5M
YoY Change -7.23% 18.68% 18.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.994M $8.227M $9.540M
YoY Change 21.71% -2.61% -5.54%
Accrued Expenses $11.08M $900.0K $900.0K
YoY Change -30.91%
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 $24.15M $21.05M $22.32M
YoY Change -13.14% 35.67% 32.84%
LONG-TERM LIABILITIES
Long-Term Debt $18.50M $20.00M $20.00M
YoY Change -7.5% 66.67% 66.67%
Other Long-Term Liabilities $8.737M $11.00M $11.50M
YoY Change -6.24% 450.0% 475.0%
Total Long-Term Liabilities $8.737M $31.00M $31.50M
YoY Change -6.24% 121.43% 125.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.15M $21.05M $22.32M
Total Long-Term Liabilities $8.737M $31.00M $31.50M
Total Liabilities $53.46M $52.06M $53.86M
YoY Change -6.41% 76.55% 76.58%
SHAREHOLDERS EQUITY
Retained Earnings $1.208M $2.169M $4.123M
YoY Change -74.54% -68.86%
Common Stock $49.91M $49.56M $49.94M
YoY Change -2.32% -3.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $51.12M $51.73M $54.06M
YoY Change
Total Liabilities & Shareholders Equity $104.5M $103.8M $107.5M
YoY Change -7.23% 18.68% 18.97%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income -$960.7K -$1.954M -$549.5K
YoY Change -56.73% 18.91% -23.75%
Depreciation, Depletion And Amortization $1.120M $1.110M $1.090M
YoY Change 28.74% 54.17% 55.71%
Cash From Operating Activities $860.0K $740.0K $1.850M
YoY Change -76.88% -145.12% 134.18%
INVESTING ACTIVITIES
Capital Expenditures -$360.0K -$180.0K -$90.00K
YoY Change -86.67% -79.07% 0.0%
Acquisitions
YoY Change
Other Investing Activities $2.260M $7.120M -$4.730M
YoY Change -112.07% 34.85% -637.5%
Cash From Investing Activities $1.910M $6.940M -$4.830M
YoY Change -108.92% 56.66% -719.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.530M -1.640M -690.0K
YoY Change -120.76% 281.4% -26.6%
NET CHANGE
Cash From Operating Activities 860.0K 740.0K 1.850M
Cash From Investing Activities 1.910M 6.940M -4.830M
Cash From Financing Activities -1.530M -1.640M -690.0K
Net Change In Cash 1.240M 6.040M -3.670M
YoY Change -112.02% 155.93% -682.54%
FREE CASH FLOW
Cash From Operating Activities $860.0K $740.0K $1.850M
Capital Expenditures -$360.0K -$180.0K -$90.00K
Free Cash Flow $1.220M $920.0K $1.940M
YoY Change -81.0% -217.95% 120.45%

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4338247 USD
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3629001 USD
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3629001 USD
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2787741 USD
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2374776 USD
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294000 USD
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829047 USD
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1000000 USD
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