2023 Q3 Form 10-Q Financial Statement
#000114036123039019 Filed on August 10, 2023
Income Statement
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| Revenue | $4.793M | $4.682M |
| YoY Change | 5.39% | 5.22% |
| Cost Of Revenue | $1.950M | $1.934M |
| YoY Change | 18.58% | 12.76% |
| Gross Profit | $2.840M | $2.748M |
| YoY Change | -2.18% | 0.5% |
| Gross Profit Margin | 59.25% | 58.69% |
| Selling, General & Admin | $2.439M | $2.253M |
| YoY Change | 9.35% | -3.85% |
| % of Gross Profit | 85.89% | 81.97% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $100.0K | $94.57K |
| YoY Change | -0.45% | -11.62% |
| % of Gross Profit | 3.52% | 3.44% |
| Operating Expenses | $4.487M | $4.282M |
| YoY Change | 12.86% | 2.79% |
| Operating Profit | $306.1K | $401.0K |
| YoY Change | -46.5% | 40.83% |
| Interest Expense | ||
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | $188.1K | $192.6K |
| YoY Change | 244.59% | 1636.42% |
| Pretax Income | $494.2K | $593.6K |
| YoY Change | -21.15% | 100.64% |
| Income Tax | $115.6K | $142.2K |
| % Of Pretax Income | 23.38% | 23.96% |
| Net Earnings | $378.7K | $451.4K |
| YoY Change | -22.08% | 112.23% |
| Net Earnings / Revenue | 7.9% | 9.64% |
| Basic Earnings Per Share | $0.04 | $0.04 |
| Diluted Earnings Per Share | $0.04 | $0.04 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 10.72M | 10.72M |
| Diluted Shares Outstanding | 10.80M | 10.81M |
Balance Sheet
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $15.23M | $14.51M |
| YoY Change | 11.94% | 14.93% |
| Cash & Equivalents | $11.09M | $10.45M |
| Short-Term Investments | $4.140M | $4.063M |
| Other Short-Term Assets | $1.081M | $951.0K |
| YoY Change | 46.42% | 17.36% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $2.875M | $2.921M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $19.19M | $18.38M |
| YoY Change | 10.94% | 8.88% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $497.5K | $561.2K |
| YoY Change | -0.79% | -1.99% |
| Goodwill | $1.954M | $1.954M |
| YoY Change | 0.0% | 0.0% |
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $18.11K | $18.11K |
| YoY Change | -77.69% | -63.14% |
| Total Long-Term Assets | $4.134M | $4.249M |
| YoY Change | -6.11% | -5.39% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $19.19M | $18.38M |
| Total Long-Term Assets | $4.134M | $4.249M |
| Total Assets | $23.32M | $22.63M |
| YoY Change | 7.48% | 5.88% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $96.14K | $91.64K |
| YoY Change | -48.37% | -59.35% |
| Accrued Expenses | $2.384M | $1.721M |
| YoY Change | 36.82% | 17.76% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $12.55M | $12.18M |
| YoY Change | 4.06% | -0.77% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $1.680M | $1.775M |
| YoY Change | -14.95% | -15.21% |
| Total Long-Term Liabilities | $1.680M | $1.775M |
| YoY Change | -14.95% | -15.21% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $12.55M | $12.18M |
| Total Long-Term Liabilities | $1.680M | $1.775M |
| Total Liabilities | $14.57M | $14.28M |
| YoY Change | -0.65% | -3.8% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$21.34M | -$21.72M |
| YoY Change | -7.04% | -7.35% |
| Common Stock | $107.2K | $107.2K |
| YoY Change | 0.0% | 0.0% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $8.751M | $8.350M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $23.32M | $22.63M |
| YoY Change | 7.48% | 5.88% |
Cashflow Statement
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $378.7K | $451.4K |
| YoY Change | -22.08% | 112.23% |
| Depreciation, Depletion And Amortization | $100.0K | $94.57K |
| YoY Change | -0.45% | -11.62% |
| Cash From Operating Activities | $710.0K | $836.5K |
| YoY Change | -29.53% | 57.94% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $30.00K | $62.16K |
| YoY Change | -202.46% | -163.9% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$40.00K | $31.72K |
| YoY Change | ||
| Cash From Investing Activities | -$70.00K | -$30.43K |
| YoY Change | 139.07% | -68.72% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | ||
| YoY Change | ||
| NET CHANGE | ||
| Cash From Operating Activities | 710.0K | 836.5K |
| Cash From Investing Activities | -70.00K | -30.43K |
| Cash From Financing Activities | ||
| Net Change In Cash | 640.0K | 806.1K |
| YoY Change | -34.57% | 86.43% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $710.0K | $836.5K |
| Capital Expenditures | $30.00K | $62.16K |
| Free Cash Flow | $680.0K | $774.3K |
| YoY Change | -34.41% | 23.52% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| dei |
Amendment Flag
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false | ||
| dei |
Current Fiscal Year End Date
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|
--12-31 | ||
| dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | ||
| dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
| dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000315958 |
