2013 Q3 Form 10-Q Financial Statement

#000119312513418967 Filed on October 31, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $7.425M $8.903M
YoY Change -16.6% 4.13%
Cost Of Revenue $1.955M $1.467M
YoY Change 33.27% -15.69%
Gross Profit $5.470M $7.436M
YoY Change -26.44% 9.19%
Gross Profit Margin 73.67% 83.52%
Selling, General & Admin $3.938M $3.219M
YoY Change 22.34% -6.15%
% of Gross Profit 71.99% 43.29%
Research & Development $3.277M $2.320M
YoY Change 41.25% 18.37%
% of Gross Profit 59.91% 31.2%
Depreciation & Amortization $520.0K $210.0K
YoY Change 147.62% 5.0%
% of Gross Profit 9.51% 2.82%
Operating Expenses $7.493M $5.848M
YoY Change 28.13% 8.5%
Operating Profit -$2.023M $1.588M
YoY Change -227.39% 11.83%
Interest Expense $0.00 $0.00
YoY Change -100.0%
% of Operating Profit 0.0%
Other Income/Expense, Net $30.00K $50.00K
YoY Change -40.0% 25.0%
Pretax Income -$1.990M $1.636M
YoY Change -221.64% 112.47%
Income Tax -$1.195M $633.0K
% Of Pretax Income 38.69%
Net Earnings -$795.0K $1.003M
YoY Change -179.26% 56.72%
Net Earnings / Revenue -10.71% 11.27%
Basic Earnings Per Share -$0.12 $0.14
Diluted Earnings Per Share -$0.12 $0.14
COMMON SHARES
Basic Shares Outstanding 6.860M shares 6.761M shares
Diluted Shares Outstanding 6.860M shares 6.984M shares

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $33.01M $30.43M
YoY Change 8.48% 14.7%
Cash & Equivalents $5.079M $8.669M
Short-Term Investments $27.94M $21.76M
Other Short-Term Assets $1.507M $1.330M
YoY Change 13.31% -10.74%
Inventory
Prepaid Expenses
Receivables $5.117M $3.630M
Other Receivables $0.00 $0.00
Total Short-Term Assets $39.64M $35.39M
YoY Change 12.0% 12.56%
LONG-TERM ASSETS
Property, Plant & Equipment $2.472M $1.330M
YoY Change 85.86% -9.52%
Goodwill $1.114M
YoY Change
Intangibles $6.700M
YoY Change
Long-Term Investments $5.100M $12.65M
YoY Change -59.68% 115.14%
Other Assets $265.0K $2.330M
YoY Change -88.63% -16.49%
Total Long-Term Assets $18.87M $19.88M
YoY Change -5.11% 55.31%
TOTAL ASSETS
Total Short-Term Assets $39.64M $35.39M
Total Long-Term Assets $18.87M $19.88M
Total Assets $58.50M $55.27M
YoY Change 5.85% 24.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.480M $840.0K
YoY Change 76.19% -48.47%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.266M $3.870M
YoY Change 10.23% 8.71%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $410.0K $400.0K
YoY Change 2.5% -16.67%
Total Long-Term Liabilities $405.0K $400.0K
YoY Change 1.25% -16.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.266M $3.870M
Total Long-Term Liabilities $405.0K $400.0K
Total Liabilities $4.671M $4.270M
YoY Change 9.39% 5.69%
SHAREHOLDERS EQUITY
Retained Earnings $11.46M
YoY Change
Common Stock $7.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $53.83M $51.00M
YoY Change
Total Liabilities & Shareholders Equity $58.50M $55.27M
YoY Change 5.85% 24.93%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income -$795.0K $1.003M
YoY Change -179.26% 56.72%
Depreciation, Depletion And Amortization $520.0K $210.0K
YoY Change 147.62% 5.0%
Cash From Operating Activities -$1.480M $1.310M
YoY Change -212.98% -16.56%
INVESTING ACTIVITIES
Capital Expenditures -$1.580M -$360.0K
YoY Change 338.89% -28.0%
Acquisitions
YoY Change
Other Investing Activities $750.0K $1.640M
YoY Change -54.27% -295.24%
Cash From Investing Activities -$830.0K $1.270M
YoY Change -165.35% -194.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -910.0K -1.380M
YoY Change -34.06% -51.41%
NET CHANGE
Cash From Operating Activities -1.480M 1.310M
Cash From Investing Activities -830.0K 1.270M
Cash From Financing Activities -910.0K -1.380M
Net Change In Cash -3.220M 1.200M
YoY Change -368.33% -145.98%
FREE CASH FLOW
Cash From Operating Activities -$1.480M $1.310M
Capital Expenditures -$1.580M -$360.0K
Free Cash Flow $100.0K $1.670M
YoY Change -94.01% -19.32%

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dei Trading Symbol
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dei Entity Registrant Name
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<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>Reclassifications</i></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Certain prior period amounts in the accompanying interim consolidated financial statements and notes thereto have been reclassified to conform to current period presentation. These reclassifications had no material effect on the results of operations or financial position for any period presented. The Company has historically combined license and subscription revenue on the consolidated statement of operations, but given the increase in subscription revenue in the current year, the Company is now presenting license revenue and subscription revenue separately.</font></p> </div>
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