2019 Q2 Form 10-Q Financial Statement

#000139388319000036 Filed on August 01, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $37.36M $41.60M
YoY Change -10.18% -20.62%
Cost Of Revenue $3.916M $4.749M
YoY Change -17.54% -38.07%
Gross Profit $33.44M $36.85M
YoY Change -9.24% -17.63%
Gross Profit Margin 89.52% 88.58%
Selling, General & Admin $21.56M $25.17M
YoY Change -14.34% -15.51%
% of Gross Profit 64.48% 68.32%
Research & Development $4.391M $5.129M
YoY Change -14.39% -19.3%
% of Gross Profit 13.13% 13.92%
Depreciation & Amortization $2.361M $2.325M
YoY Change 1.55% -17.52%
% of Gross Profit 7.06% 6.31%
Operating Expenses $33.06M $39.69M
YoY Change -16.7% -18.0%
Operating Profit $3.765M $1.070M
YoY Change 251.87% -73.26%
Interest Expense $219.0K $489.0K
YoY Change -55.21% -160.07%
% of Operating Profit 5.82% 45.7%
Other Income/Expense, Net $0.00 -$24.00K
YoY Change -100.0% -366.67%
Pretax Income $3.546M $557.0K
YoY Change 536.62% -82.58%
Income Tax $485.0K $762.0K
% Of Pretax Income 13.68% 136.8%
Net Earnings $3.061M -$205.0K
YoY Change -1593.17% -111.25%
Net Earnings / Revenue 8.19% -0.49%
Basic Earnings Per Share $0.06 $0.00
Diluted Earnings Per Share $0.06 $0.00
COMMON SHARES
Basic Shares Outstanding 48.92M shares 48.72M shares
Diluted Shares Outstanding 51.88M shares 48.72M shares

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.600M $9.500M
YoY Change -20.0% -59.57%
Cash & Equivalents $7.613M $9.549M
Short-Term Investments
Other Short-Term Assets $3.100M $7.700M
YoY Change -59.74% 71.11%
Inventory
Prepaid Expenses
Receivables $18.96M $21.98M
Other Receivables $600.0K $2.200M
Total Short-Term Assets $30.29M $41.49M
YoY Change -26.99% -32.03%
LONG-TERM ASSETS
Property, Plant & Equipment $17.47M $15.26M
YoY Change 14.49% -21.13%
Goodwill $153.8M $156.2M
YoY Change -1.51% -10.65%
Intangibles $39.00M $39.00M
YoY Change 0.0% -18.75%
Long-Term Investments
YoY Change
Other Assets $2.553M $2.501M
YoY Change 2.08% 20.65%
Total Long-Term Assets $237.0M $220.0M
YoY Change 7.72% -10.03%
TOTAL ASSETS
Total Short-Term Assets $30.29M $41.49M
Total Long-Term Assets $237.0M $220.0M
Total Assets $267.3M $261.5M
YoY Change 2.22% -14.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.00M $18.20M
YoY Change -6.59% -6.67%
Accrued Expenses $4.100M
YoY Change
Deferred Revenue $64.19M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $79.09M $83.71M
YoY Change -5.52% -22.43%
LONG-TERM LIABILITIES
Long-Term Debt $9.362M $18.55M
YoY Change -49.52% -73.47%
Other Long-Term Liabilities $405.0K $1.996M
YoY Change -79.71% -28.71%
Total Long-Term Liabilities $9.767M $20.54M
YoY Change -52.46% -71.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $79.09M $83.71M
Total Long-Term Liabilities $9.767M $20.54M
Total Liabilities $116.0M $119.1M
YoY Change -2.57% -37.91%
SHAREHOLDERS EQUITY
Retained Earnings $76.08M $67.56M
YoY Change 12.62% 43.86%
Common Stock $700.0K $868.0K
YoY Change -19.35% 4.58%
Preferred Stock
YoY Change
Treasury Stock (at cost) $118.6M $7.000M
YoY Change 1594.06% -97.46%
Treasury Stock Shares 32.97M shares
Shareholders Equity $151.3M $142.4M
YoY Change
Total Liabilities & Shareholders Equity $267.3M $261.5M
YoY Change 2.22% -14.42%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $3.061M -$205.0K
YoY Change -1593.17% -111.25%
Depreciation, Depletion And Amortization $2.361M $2.325M
YoY Change 1.55% -17.52%
Cash From Operating Activities $11.14M $1.380M
YoY Change 707.25% -84.98%
INVESTING ACTIVITIES
Capital Expenditures -$3.240M -$2.410M
YoY Change 34.44% -31.73%
Acquisitions
YoY Change
Other Investing Activities $2.680M $14.02M
YoY Change -80.88%
Cash From Investing Activities -$550.0K $11.61M
YoY Change -104.74% -428.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.520M -19.23M
YoY Change -60.89% 173.93%
NET CHANGE
Cash From Operating Activities 11.14M 1.380M
Cash From Investing Activities -550.0K 11.61M
Cash From Financing Activities -7.520M -19.23M
Net Change In Cash 3.070M -6.240M
YoY Change -149.2% 358.82%
FREE CASH FLOW
Cash From Operating Activities $11.14M $1.380M
Capital Expenditures -$3.240M -$2.410M
Free Cash Flow $14.38M $3.790M
YoY Change 279.42% -70.2%

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the quarter ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2019</font><font style="font-family:inherit;font-size:10pt;">, there were no purchases of the Company's common stock pursuant to the Stock Repurchase Plan. </font></div></div>

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