2013 Q3 Form 10-Q Financial Statement

#000119312513315086 Filed on August 01, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2013 Q2 2012 Q2
Revenue $2.927M $3.392M $2.684M
YoY Change 1.84% 26.38% -63.08%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $6.730M $7.640M $5.960M
YoY Change -5.48% 28.19% 47.16%
% of Gross Profit
Research & Development $11.77M $12.81M $11.38M
YoY Change -8.4% 12.56% -14.19%
% of Gross Profit
Depreciation & Amortization $340.0K $330.0K $300.0K
YoY Change 9.68% 10.0% -23.08%
% of Gross Profit
Operating Expenses $11.77M $12.81M $11.38M
YoY Change -8.4% 12.56% -14.19%
Operating Profit -$15.57M -$17.05M -$14.65M
YoY Change -8.94% 16.38% 45.1%
Interest Expense $24.00K $27.00K $589.0K
YoY Change -95.93% -95.42% 20.94%
% of Operating Profit
Other Income/Expense, Net -$120.0K -$142.0K $63.00K
YoY Change -38.78% -325.4% -184.0%
Pretax Income -$15.68M -$17.16M -$15.11M
YoY Change -11.86% 13.57% 42.01%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$15.68M -$17.16M -$15.11M
YoY Change -11.89% 13.59% 42.08%
Net Earnings / Revenue -535.53% -506.01% -562.97%
Basic Earnings Per Share
Diluted Earnings Per Share -$856.8K -$938.2K -$789.4K
COMMON SHARES
Basic Shares Outstanding 183.0M shares 182.9M shares 156.7M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q3 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $76.50M $89.20M $160.2M
YoY Change -48.42% -44.32% 159.64%
Cash & Equivalents $12.19M $17.59M $34.53M
Short-Term Investments $64.30M $71.60M $125.7M
Other Short-Term Assets $1.100M $1.200M $4.100M
YoY Change -54.17% -70.73% 127.78%
Inventory
Prepaid Expenses
Receivables $2.159M $2.025M $1.284M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $79.75M $92.43M $165.6M
YoY Change -48.34% -44.2% 155.99%
LONG-TERM ASSETS
Property, Plant & Equipment $8.454M $8.038M $6.833M
YoY Change 21.68% 17.64% 3.53%
Goodwill $2.532M $2.436M $2.356M
YoY Change 5.15% 3.4%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $302.0K $463.0K $438.0K
YoY Change -31.05% 5.71% -51.33%
Total Long-Term Assets $11.95M $11.59M $10.27M
YoY Change 14.43% 12.84% 5.85%
TOTAL ASSETS
Total Short-Term Assets $79.75M $92.43M $165.6M
Total Long-Term Assets $11.95M $11.59M $10.27M
Total Assets $91.70M $104.0M $175.9M
YoY Change -44.37% -40.87% 136.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.289M $1.253M $1.155M
YoY Change -18.31% 8.48% -32.06%
Accrued Expenses $8.148M $7.307M $7.340M
YoY Change -11.08% -0.45% 3.38%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $13.90M
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $15.56M $14.91M $25.26M
YoY Change -47.0% -40.99% 145.23%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $988.0K $627.0K $616.0K
YoY Change 58.33% 1.79% -90.38%
Total Long-Term Liabilities $988.0K $627.0K $616.0K
YoY Change 58.33% 1.79% -96.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.56M $14.91M $25.26M
Total Long-Term Liabilities $988.0K $627.0K $616.0K
Total Liabilities $19.30M $19.35M $25.88M
YoY Change -44.48% -25.21% -9.53%
SHAREHOLDERS EQUITY
Retained Earnings -$489.2M -$473.5M -$397.2M
YoY Change 17.88% 19.22%
Common Stock $183.0K $183.0K $178.0K
YoY Change 2.81% 2.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $72.40M $84.66M $144.7M
YoY Change
Total Liabilities & Shareholders Equity $91.70M $104.0M $175.9M
YoY Change -44.37% -40.87% 136.42%

Cashflow Statement

Concept 2013 Q3 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income -$15.68M -$17.16M -$15.11M
YoY Change -11.89% 13.59% 42.08%
Depreciation, Depletion And Amortization $340.0K $330.0K $300.0K
YoY Change 9.68% 10.0% -23.08%
Cash From Operating Activities -$12.25M -$15.69M -$15.69M
YoY Change -0.81% 0.0% 63.1%
INVESTING ACTIVITIES
Capital Expenditures -$490.0K -$290.0K -$470.0K
YoY Change 48.48% -38.3% 67.86%
Acquisitions
YoY Change
Other Investing Activities $7.150M $8.490M -$38.91M
YoY Change 303.95% -121.82% 1606.58%
Cash From Investing Activities $6.660M $8.210M -$39.38M
YoY Change 362.5% -120.85% 1438.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 70.00K 20.00K 70.04M
YoY Change -92.47% -99.97% 275.35%
NET CHANGE
Cash From Operating Activities -12.25M -15.69M -15.69M
Cash From Investing Activities 6.660M 8.210M -39.38M
Cash From Financing Activities 70.00K 20.00K 70.04M
Net Change In Cash -5.520M -7.460M 14.97M
YoY Change -44.69% -149.83% 131.02%
FREE CASH FLOW
Cash From Operating Activities -$12.25M -$15.69M -$15.69M
Capital Expenditures -$490.0K -$290.0K -$470.0K
Free Cash Flow -$11.76M -$15.40M -$15.22M
YoY Change -2.16% 1.18% 62.96%

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