2018 Q1 Form 10-Q Financial Statement

#000156459018011776 Filed on May 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1 2016 Q4
Revenue $35.97M $29.89M $28.75M
YoY Change 20.37% 24.68% 29.66%
Cost Of Revenue $6.560M $9.080M $9.020M
YoY Change -27.75% 35.52% 38.77%
Gross Profit $29.41M $20.80M $19.74M
YoY Change 41.41% 20.44% 25.97%
Gross Profit Margin 81.76% 69.6% 68.66%
Selling, General & Admin $3.460M $3.440M $3.140M
YoY Change 0.58% 13.16% 15.87%
% of Gross Profit 11.76% 16.54% 15.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.60M $12.90M $11.70M
YoY Change 13.18% 18.35% 14.71%
% of Gross Profit 49.64% 62.02% 59.27%
Operating Expenses $18.10M $16.32M $14.84M
YoY Change 10.91% -22.04% 15.31%
Operating Profit $11.31M $3.958M $4.900M
YoY Change 185.85% 30.28% 75.0%
Interest Expense -$5.582M -$2.417M -$2.210M
YoY Change 130.95% 25.3% 37.27%
% of Operating Profit -49.34% -61.07% -45.1%
Other Income/Expense, Net
YoY Change
Pretax Income $1.820M $1.540M $2.220M
YoY Change 18.18% 38.74% 1205.88%
Income Tax
% Of Pretax Income
Net Earnings $1.519M $1.237M $1.300M
YoY Change 22.8% 56.58% 1138.1%
Net Earnings / Revenue 4.22% 4.14% 4.52%
Basic Earnings Per Share $0.03 $0.03 $0.04
Diluted Earnings Per Share $0.03 $0.03 $0.03
COMMON SHARES
Basic Shares Outstanding 45.01M 36.89M 35.37M
Diluted Shares Outstanding 46.02M 39.14M

Balance Sheet

Concept 2018 Q1 2017 Q1 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.600M $5.200M $4.800M
YoY Change 84.62% 18.18% -41.46%
Cash & Equivalents $13.98M $7.246M $6.491M
Short-Term Investments
Other Short-Term Assets $10.70M $3.300M $1.400M
YoY Change 224.24% 22.22% -6.67%
Inventory
Prepaid Expenses
Receivables $9.900M $5.700M $5.800M
Other Receivables $13.60M $8.000M $8.600M
Total Short-Term Assets $43.80M $22.20M $20.60M
YoY Change 97.3% 26.14% 8.42%
LONG-TERM ASSETS
Property, Plant & Equipment $1.232B $928.9M $901.4M
YoY Change 32.65% 16.42% 16.76%
Goodwill
YoY Change
Intangibles $113.8M
YoY Change -2.39%
Long-Term Investments
YoY Change
Other Assets $5.100M $3.700M $4.400M
YoY Change 37.84% -7.5% -2.22%
Total Long-Term Assets $1.381B $1.056B $1.026B
YoY Change 30.72% 15.19% 14.92%
TOTAL ASSETS
Total Short-Term Assets $43.80M $22.20M $20.60M
Total Long-Term Assets $1.381B $1.056B $1.026B
Total Assets $1.425B $1.079B $1.047B
YoY Change 32.09% 15.39% 14.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.70M $12.60M $13.80M
YoY Change 56.35% 23.53% 48.39%
Accrued Expenses
YoY Change
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 $19.70M $12.60M $13.80M
YoY Change 56.35% 23.53% 48.39%
LONG-TERM LIABILITIES
Long-Term Debt $574.2M $337.3M $293.0M
YoY Change 70.23% 26.14% 23.01%
Other Long-Term Liabilities $36.10M $40.60M $41.80M
YoY Change -11.08% -7.94% -6.28%
Total Long-Term Liabilities $610.3M $377.9M $334.8M
YoY Change 61.5% 21.32% 18.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.70M $12.60M $13.80M
Total Long-Term Liabilities $610.3M $377.9M $334.8M
Total Liabilities $765.1M $390.6M $348.6M
YoY Change 95.89% 21.4% 19.32%
SHAREHOLDERS EQUITY
Retained Earnings $2.805M $2.679M
YoY Change -375.27% -258.15%
Common Stock $599.6M $597.5M
YoY Change 52.8% 52.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $659.6M $553.9M $560.5M
YoY Change
Total Liabilities & Shareholders Equity $1.425B $1.079B $1.047B
YoY Change 32.09% 15.4% 14.79%

Cashflow Statement

Concept 2018 Q1 2017 Q1 2016 Q4
OPERATING ACTIVITIES
Net Income $1.519M $1.237M $1.300M
YoY Change 22.8% 56.58% 1138.1%
Depreciation, Depletion And Amortization $14.60M $12.90M $11.70M
YoY Change 13.18% 18.35% 14.71%
Cash From Operating Activities $12.11M $10.70M $11.20M
YoY Change 13.21% 8.08% 0.0%
INVESTING ACTIVITIES
Capital Expenditures -$11.30M -$200.0K -$800.0K
YoY Change 5550.0% 100.0% 300.0%
Acquisitions
YoY Change
Other Investing Activities -$300.0K -$44.00M -$28.50M
YoY Change -99.32% 29.03% -75.79%
Cash From Investing Activities -$11.63M -$44.20M -$29.30M
YoY Change -73.7% 29.24% -75.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $13.67M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.708M 34.20M 18.60M
YoY Change -107.92% 66.83% -83.15%
NET CHANGE
Cash From Operating Activities 12.11M 10.70M 11.20M
Cash From Investing Activities -11.63M -44.20M -29.30M
Cash From Financing Activities -2.708M 34.20M 18.60M
Net Change In Cash -2.221M 755.0K 500.0K
YoY Change -394.17% -119.87% -86.49%
FREE CASH FLOW
Cash From Operating Activities $12.11M $10.70M $11.20M
Capital Expenditures -$11.30M -$200.0K -$800.0K
Free Cash Flow $23.41M $10.90M $12.00M
YoY Change 114.8% 9.0% 5.26%

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