2017 Q4 Form 10-Q Financial Statement

#000085477518000005 Filed on January 30, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2016 Q4
Revenue $44.96M $45.18M
YoY Change -0.49% -10.12%
Cost Of Revenue $23.00M $23.72M
YoY Change -3.06% -8.42%
Gross Profit $21.96M $21.45M
YoY Change 2.36% -11.92%
Gross Profit Margin 48.85% 47.49%
Selling, General & Admin $16.21M $12.13M
YoY Change 33.65% -3.6%
% of Gross Profit 73.81% 56.52%
Research & Development $7.751M $6.905M
YoY Change 12.25% -11.9%
% of Gross Profit 35.3% 32.19%
Depreciation & Amortization $2.453M $1.001M
YoY Change 145.05% 38.26%
% of Gross Profit 11.17% 4.67%
Operating Expenses $23.96M $19.03M
YoY Change 25.89% -9.67%
Operating Profit -$1.999M $2.422M
YoY Change -182.54% -26.36%
Interest Expense $3.000K $33.00K
YoY Change -90.91% 312.5%
% of Operating Profit 1.36%
Other Income/Expense, Net -$45.00K $574.0K
YoY Change -107.84% 366.67%
Pretax Income -$1.839M $3.122M
YoY Change -158.9% -11.1%
Income Tax $2.648M $765.0K
% Of Pretax Income 24.5%
Net Earnings -$4.487M $2.357M
YoY Change -290.37% -63.46%
Net Earnings / Revenue -9.98% 5.22%
Basic Earnings Per Share -$0.17 $0.09
Diluted Earnings Per Share -$0.17 $0.09
COMMON SHARES
Basic Shares Outstanding 26.75M shares 26.18M shares
Diluted Shares Outstanding 26.75M shares 26.97M shares

Balance Sheet

Concept 2017 Q4 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $73.81M $133.1M
YoY Change -44.53% 29.97%
Cash & Equivalents $45.61M $81.14M
Short-Term Investments $28.20M $51.94M
Other Short-Term Assets $4.800M $4.600M
YoY Change 4.35% -2.13%
Inventory $31.12M $24.34M
Prepaid Expenses
Receivables $30.29M $28.01M
Other Receivables $0.00 $2.000M
Total Short-Term Assets $140.0M $192.0M
YoY Change -27.06% 16.29%
LONG-TERM ASSETS
Property, Plant & Equipment $12.72M $13.98M
YoY Change -9.01% -1.22%
Goodwill $149.3M $111.1M
YoY Change 34.39% 0.79%
Intangibles
YoY Change
Long-Term Investments $4.200M $3.300M
YoY Change 27.27% -71.3%
Other Assets $451.0K $147.0K
YoY Change 206.8% -51.0%
Total Long-Term Assets $207.5M $139.5M
YoY Change 48.76% -7.73%
TOTAL ASSETS
Total Short-Term Assets $140.0M $192.0M
Total Long-Term Assets $207.5M $139.5M
Total Assets $347.5M $331.5M
YoY Change 4.84% 4.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.330M $7.924M
YoY Change -20.12% 14.77%
Accrued Expenses $8.100M $5.000M
YoY Change 62.0% -19.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $23.47M $17.78M
YoY Change 31.99% -2.86%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $681.0K $828.0K
YoY Change -17.75% 2.35%
Total Long-Term Liabilities $681.0K $828.0K
YoY Change -17.75% 2.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.47M $17.78M
Total Long-Term Liabilities $681.0K $828.0K
Total Liabilities $28.89M $29.37M
YoY Change -1.63% -4.48%
SHAREHOLDERS EQUITY
Retained Earnings $145.9M $143.5M
YoY Change 1.68% 9.64%
Common Stock $249.9M $241.4M
YoY Change 3.51% 3.24%
Preferred Stock
YoY Change
Treasury Stock (at cost) $54.78M $54.34M
YoY Change 0.8% -0.62%
Treasury Stock Shares 6.455M shares 6.429M shares
Shareholders Equity $318.6M $302.1M
YoY Change
Total Liabilities & Shareholders Equity $347.5M $331.5M
YoY Change 4.84% 4.81%

Cashflow Statement

Concept 2017 Q4 2016 Q4
OPERATING ACTIVITIES
Net Income -$4.487M $2.357M
YoY Change -290.37% -63.46%
Depreciation, Depletion And Amortization $2.453M $1.001M
YoY Change 145.05% 38.26%
Cash From Operating Activities -$1.328M -$2.035M
YoY Change -34.74% -157.24%
INVESTING ACTIVITIES
Capital Expenditures -$450.0K -$550.0K
YoY Change -18.18% 0.0%
Acquisitions $40.08M $1.690M
YoY Change 2271.83% -40.91%
Other Investing Activities -$33.79M $8.000M
YoY Change -522.38% -924.74%
Cash From Investing Activities -$34.24M $7.441M
YoY Change -560.17% -592.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $636.0K $390.0K
YoY Change 63.08% -3.23%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $2.716M $2.359M
YoY Change 15.13% -59.61%
NET CHANGE
Cash From Operating Activities -$1.328M -$2.035M
Cash From Investing Activities -$34.24M $7.441M
Cash From Financing Activities $2.716M $2.359M
Net Change In Cash -$32.85M $7.765M
YoY Change -523.09% -1.5%
FREE CASH FLOW
Cash From Operating Activities -$1.328M -$2.035M
Capital Expenditures -$450.0K -$550.0K
Free Cash Flow -$878.0K -$1.485M
YoY Change -40.88% -136.18%

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0 USD
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1998000 USD
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0 USD
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271000 USD
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253000 USD
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0 shares
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CY2017Q3 us-gaap Preferred Stock Value
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0 USD
CY2017Q4 us-gaap Preferred Stock Value
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ProceedsFromDivestitureOfBusinessesNetOfCashDivested
2000000 USD
CY2016Q4 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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2787000 USD
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2800000 USD
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264000 USD
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14000 USD
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CY2017Q4 us-gaap Sales Revenue Net
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CY2017Q4 us-gaap Sales Revenue Services Net
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CY2016Q4 us-gaap Revenues
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1173000 USD
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800000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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400000 USD
CY2016Q4 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
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64276 shares
CY2016Q3 us-gaap Standard Product Warranty Accrual
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1033000 USD
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1025000 USD
CY2017Q3 us-gaap Standard Product Warranty Accrual
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987000 USD
CY2017Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
1164000 USD
CY2016Q4 us-gaap Standard Product Warranty Accrual Payments
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177000 USD
CY2017Q4 us-gaap Standard Product Warranty Accrual Payments
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177000 USD
CY2017Q4 us-gaap Standard Product Warranty Accrual Warranties Issued
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354000 USD
CY2017Q3 us-gaap Stockholders Equity
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CY2017Q3 us-gaap Treasury Stock Shares
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54533000 USD
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54780000 USD
CY2017Q3 us-gaap Unrecognized Tax Benefits
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1335000 USD
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1219000 USD
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116000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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1100000 USD
CY2016Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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26972000 shares
CY2017Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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26748000 shares
CY2016Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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26175000 shares
CY2017Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26748000 shares

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