2018 Q4 Form 10-Q Financial Statement

#000085477519000004 Filed on February 05, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2017 Q4
Revenue $62.31M $44.96M
YoY Change 38.61% -0.49%
Cost Of Revenue $32.53M $23.00M
YoY Change 41.46% -3.06%
Gross Profit $29.78M $21.96M
YoY Change 35.63% 2.36%
Gross Profit Margin 47.8% 48.85%
Selling, General & Admin $14.77M $16.21M
YoY Change -8.84% 33.65%
% of Gross Profit 49.61% 73.81%
Research & Development $9.518M $7.751M
YoY Change 22.8% 12.25%
% of Gross Profit 31.96% 35.3%
Depreciation & Amortization $3.673M $2.453M
YoY Change 49.74% 145.05%
% of Gross Profit 12.33% 11.17%
Operating Expenses $24.23M $23.96M
YoY Change 1.11% 25.89%
Operating Profit $5.558M -$1.999M
YoY Change -378.04% -182.54%
Interest Expense $92.00K $3.000K
YoY Change 2966.67% -90.91%
% of Operating Profit 1.66%
Other Income/Expense, Net $48.00K -$45.00K
YoY Change -206.67% -107.84%
Pretax Income $5.722M -$1.839M
YoY Change -411.15% -158.9%
Income Tax $1.040M $2.648M
% Of Pretax Income 18.18%
Net Earnings $4.682M -$4.487M
YoY Change -204.35% -290.37%
Net Earnings / Revenue 7.51% -9.98%
Basic Earnings Per Share $0.17 -$0.17
Diluted Earnings Per Share $0.17 -$0.17
COMMON SHARES
Basic Shares Outstanding 27.51M shares 26.75M shares
Diluted Shares Outstanding 28.08M shares 26.75M shares

Balance Sheet

Concept 2018 Q4 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $76.47M $73.81M
YoY Change 3.6% -44.53%
Cash & Equivalents $72.22M $45.61M
Short-Term Investments $4.247M $28.20M
Other Short-Term Assets $3.800M $4.800M
YoY Change -20.83% 4.35%
Inventory $47.04M $31.12M
Prepaid Expenses
Receivables $46.37M $30.29M
Other Receivables $0.00 $0.00
Total Short-Term Assets $173.7M $140.0M
YoY Change 24.02% -27.06%
LONG-TERM ASSETS
Property, Plant & Equipment $11.83M $12.72M
YoY Change -7.04% -9.01%
Goodwill $153.6M $149.3M
YoY Change 2.84% 34.39%
Intangibles
YoY Change
Long-Term Investments $4.200M
YoY Change 27.27%
Other Assets $357.0K $451.0K
YoY Change -20.84% 206.8%
Total Long-Term Assets $208.0M $207.5M
YoY Change 0.28% 48.76%
TOTAL ASSETS
Total Short-Term Assets $173.7M $140.0M
Total Long-Term Assets $208.0M $207.5M
Total Assets $381.7M $347.5M
YoY Change 9.85% 4.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.02M $6.330M
YoY Change 153.1% -20.12%
Accrued Expenses $6.700M $8.100M
YoY Change -17.28% 62.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $40.77M $23.47M
YoY Change 73.72% 31.99%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $392.0K $681.0K
YoY Change -42.44% -17.75%
Total Long-Term Liabilities $392.0K $681.0K
YoY Change -42.44% -17.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $40.77M $23.47M
Total Long-Term Liabilities $392.0K $681.0K
Total Liabilities $46.72M $28.89M
YoY Change 61.7% -1.63%
SHAREHOLDERS EQUITY
Retained Earnings $156.6M $145.9M
YoY Change 7.38% 1.68%
Common Stock $258.4M $249.9M
YoY Change 3.37% 3.51%
Preferred Stock
YoY Change
Treasury Stock (at cost) $54.89M $54.78M
YoY Change 0.2% 0.8%
Treasury Stock Shares 6.436M shares 6.455M shares
Shareholders Equity $335.0M $318.6M
YoY Change
Total Liabilities & Shareholders Equity $381.7M $347.5M
YoY Change 9.85% 4.84%

Cashflow Statement

Concept 2018 Q4 2017 Q4
OPERATING ACTIVITIES
Net Income $4.682M -$4.487M
YoY Change -204.35% -290.37%
Depreciation, Depletion And Amortization $3.673M $2.453M
YoY Change 49.74% 145.05%
Cash From Operating Activities $6.111M -$1.328M
YoY Change -560.17% -34.74%
INVESTING ACTIVITIES
Capital Expenditures -$1.780M -$450.0K
YoY Change 295.56% -18.18%
Acquisitions $0.00 $40.08M
YoY Change -100.0% 2271.83%
Other Investing Activities $10.54M -$33.79M
YoY Change -131.19% -522.38%
Cash From Investing Activities $8.763M -$34.24M
YoY Change -125.59% -560.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $964.0K $636.0K
YoY Change 51.57% 63.08%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$174.0K $2.716M
YoY Change -106.41% 15.13%
NET CHANGE
Cash From Operating Activities $6.111M -$1.328M
Cash From Investing Activities $8.763M -$34.24M
Cash From Financing Activities -$174.0K $2.716M
Net Change In Cash $14.70M -$32.85M
YoY Change -144.74% -523.09%
FREE CASH FLOW
Cash From Operating Activities $6.111M -$1.328M
Capital Expenditures -$1.780M -$450.0K
Free Cash Flow $7.891M -$878.0K
YoY Change -998.75% -40.88%

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312000 USD
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200000 USD
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5000 USD
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2000 USD
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CY2017Q4 us-gaap Proceeds From Stock Plans
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289000 USD
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CY2017Q4 us-gaap Provision For Doubtful Accounts
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14000 USD
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206000 USD
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CY2017Q4 us-gaap Revenues
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CY2017Q4 us-gaap Selling And Marketing Expense
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300000 USD
CY2017Q4 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
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1140000 USD
CY2017Q4 us-gaap Standard Product Warranty Accrual Payments
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177000 USD
CY2018Q4 us-gaap Standard Product Warranty Accrual Payments
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104000 USD
CY2017Q4 us-gaap Standard Product Warranty Accrual Warranties Issued
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354000 USD
CY2018Q4 us-gaap Standard Product Warranty Accrual Warranties Issued
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72000 USD
CY2017Q4 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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380000 USD
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289000 USD
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2972000 USD
CY2018Q4 us-gaap Stock Issued During Period Value Share Based Compensation
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662000 USD
CY2017Q3 us-gaap Stockholders Equity
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CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
330493000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
335010000 USD
CY2018Q3 us-gaap Treasury Stock Shares
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CY2018Q4 us-gaap Treasury Stock Shares
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54216000 USD
CY2018Q4 us-gaap Treasury Stock Value
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54892000 USD
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636000 USD
CY2017Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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26748000 shares
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964000 USD
CY2018Q3 us-gaap Unrecognized Tax Benefits
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1561000 USD
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1505000 USD
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56000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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1400000 USD
CY2017Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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26748000 shares
CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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28075000 shares
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27513000 shares

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