2013 Q1 Form 10-Q Financial Statement

#000110465913040162 Filed on May 10, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $63.20M $67.05M
YoY Change -5.73% 133330.85%
Cost Of Revenue $43.23M $38.55M
YoY Change 12.15% 12.48%
Gross Profit $19.97M $28.50M
YoY Change -29.92% -183.28%
Gross Profit Margin 31.6% 42.5%
Selling, General & Admin $2.381M $2.300M
YoY Change 3.5% -8.02%
% of Gross Profit 11.92% 8.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.690M $5.720M
YoY Change 16.96% 28.25%
% of Gross Profit 33.5% 20.07%
Operating Expenses $2.381M $2.300M
YoY Change 3.5% -8.02%
Operating Profit $10.90M $20.48M
YoY Change -46.74% 227046.66%
Interest Expense $319.7K $242.3K
YoY Change 31.92% 26.99%
% of Operating Profit 2.93% 1.18%
Other Income/Expense, Net
YoY Change
Pretax Income $10.59M $20.23M
YoY Change -47.68% 129.31%
Income Tax $4.234M $7.848M
% Of Pretax Income 40.0% 38.79%
Net Earnings $6.350M $12.38M
YoY Change -48.71% 114.93%
Net Earnings / Revenue 10.05% 18.47%
Basic Earnings Per Share $0.29 $0.58
Diluted Earnings Per Share $0.29 $0.57
COMMON SHARES
Basic Shares Outstanding 21.72M shares 20.31M shares
Diluted Shares Outstanding 21.79M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.00M $10.70M
YoY Change -6.54% -30.97%
Cash & Equivalents $9.999M $10.66M
Short-Term Investments
Other Short-Term Assets $9.700M $4.400M
YoY Change 120.45% 22.22%
Inventory
Prepaid Expenses
Receivables $37.60M $54.41M
Other Receivables $0.00 $0.00
Total Short-Term Assets $57.28M $69.46M
YoY Change -17.53% 48.73%
LONG-TERM ASSETS
Property, Plant & Equipment $82.40M $70.66M
YoY Change 16.62% 33.06%
Goodwill $201.5K
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $100.0K $81.71K
YoY Change 22.38% -18.29%
Total Long-Term Assets $298.3K $283.2K
YoY Change 5.32% -99.47%
TOTAL ASSETS
Total Short-Term Assets $57.28M $69.46M
Total Long-Term Assets $298.3K $283.2K
Total Assets $140.0M $140.4M
YoY Change -0.31% 40.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.40M $20.00M
YoY Change -38.0% 48.16%
Accrued Expenses $5.900M $4.782M
YoY Change 23.39% 44.9%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $11.70M $8.600M
YoY Change 36.05% 30.3%
Total Short-Term Liabilities $35.93M $44.60M
YoY Change -19.42% 42.48%
LONG-TERM LIABILITIES
Long-Term Debt $13.90M $11.80M
YoY Change 17.8% 126.92%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $13.90M $11.80M
YoY Change 17.8% 126.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $35.93M $44.60M
Total Long-Term Liabilities $13.90M $11.80M
Total Liabilities $56.60M $63.50M
YoY Change -10.87% 56.02%
SHAREHOLDERS EQUITY
Retained Earnings $47.88M
YoY Change
Common Stock $194.7K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $598.9K
YoY Change
Treasury Stock Shares 97.82K shares 71.07K shares
Shareholders Equity $83.40M $76.85M
YoY Change
Total Liabilities & Shareholders Equity $140.0M $140.4M
YoY Change -0.31% 40.26%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $6.350M $12.38M
YoY Change -48.71% 114.93%
Depreciation, Depletion And Amortization $6.690M $5.720M
YoY Change 16.96% 28.25%
Cash From Operating Activities $5.270M -$370.0K
YoY Change -1524.32% -104.07%
INVESTING ACTIVITIES
Capital Expenditures $559.3K $2.838M
YoY Change -80.29% -38.62%
Acquisitions
YoY Change
Other Investing Activities $40.00K $330.0K
YoY Change -87.88% 450.0%
Cash From Investing Activities -$520.0K -$2.510M
YoY Change -79.28% -45.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.300M -2.360M
YoY Change 39.83% 11.32%
NET CHANGE
Cash From Operating Activities 5.270M -370.0K
Cash From Investing Activities -520.0K -2.510M
Cash From Financing Activities -3.300M -2.360M
Net Change In Cash 1.450M -5.240M
YoY Change -127.67% -319.25%
FREE CASH FLOW
Cash From Operating Activities $5.270M -$370.0K
Capital Expenditures $559.3K $2.838M
Free Cash Flow $4.711M -$3.208M
YoY Change -246.84% -171.98%

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