2024 Q3 Form 10-Q Financial Statement

#000180373724000165 Filed on August 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $253.6M $260.6M
YoY Change -1.82% -0.65%
Cost Of Revenue $131.7M $131.8M
YoY Change -1.72% -2.73%
Gross Profit $121.9M $128.8M
YoY Change -1.93% 1.58%
Gross Profit Margin 48.07% 49.42%
Selling, General & Admin $103.8M $110.0M
YoY Change -4.6% 2.04%
% of Gross Profit 85.15% 85.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.200M $7.600M
YoY Change 6.49% -1.3%
% of Gross Profit 6.73% 5.9%
Operating Expenses $112.0M $117.6M
YoY Change -3.86% 1.82%
Operating Profit $9.900M $11.20M
YoY Change 26.92% -115.03%
Interest Expense -$10.80M -$10.90M
YoY Change -199.08% -205.83%
% of Operating Profit -109.09% -97.32%
Other Income/Expense, Net $0.00 $0.00
YoY Change -100.0% -100.0%
Pretax Income -$108.8M $300.0K
YoY Change 3526.67% -100.35%
Income Tax $700.0K -$100.0K
% Of Pretax Income -33.33%
Net Earnings -$110.2M -$200.0K
YoY Change 4491.67% -99.73%
Net Earnings / Revenue -43.45% -0.08%
Basic Earnings Per Share -$2.20 $0.00
Diluted Earnings Per Share -$2.20 $0.00
COMMON SHARES
Basic Shares Outstanding 50.28M shares 50.16M shares
Diluted Shares Outstanding 50.20M shares 50.10M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $45.70M $28.50M
YoY Change 44.62% -17.15%
Cash & Equivalents $45.70M $28.50M
Short-Term Investments
Other Short-Term Assets $11.60M $12.30M
YoY Change -26.11% -10.22%
Inventory
Prepaid Expenses
Receivables $150.9M $166.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $208.2M $206.8M
YoY Change -4.41% 3.61%
LONG-TERM ASSETS
Property, Plant & Equipment $73.70M $76.60M
YoY Change -7.99% 12.98%
Goodwill $953.8M $1.062B
YoY Change -10.16% 0.0%
Intangibles $63.90M $69.00M
YoY Change -25.61% -24.34%
Long-Term Investments
YoY Change
Other Assets $4.700M $4.900M
YoY Change -12.96% -16.95%
Total Long-Term Assets $1.096B $1.212B
YoY Change -11.11% -1.17%
TOTAL ASSETS
Total Short-Term Assets $208.2M $206.8M
Total Long-Term Assets $1.096B $1.212B
Total Assets $1.304B $1.419B
YoY Change -10.1% -0.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.900M $8.500M
YoY Change 65.0% 57.41%
Accrued Expenses $67.30M $57.80M
YoY Change -3.44% 9.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $23.00M $23.00M
YoY Change 1.77% 2.22%
Total Short-Term Liabilities $142.9M $140.1M
YoY Change -0.07% 13.44%
LONG-TERM LIABILITIES
Long-Term Debt $502.9M $512.7M
YoY Change -6.14% -4.93%
Other Long-Term Liabilities $43.50M $100.0K
YoY Change -83.33%
Total Long-Term Liabilities $546.4M $100.0K
YoY Change -83.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $142.9M $140.1M
Total Long-Term Liabilities $546.4M $100.0K
Total Liabilities $738.2M $713.6M
YoY Change -0.53% -0.75%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $566.1M $674.3M
YoY Change
Total Liabilities & Shareholders Equity $1.304B $1.419B
YoY Change -10.1% -0.5%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$110.2M -$200.0K
YoY Change 4491.67% -99.73%
Depreciation, Depletion And Amortization $8.200M $7.600M
YoY Change 6.49% -1.3%
Cash From Operating Activities $28.40M $9.600M
YoY Change 350.79% 0.0%
INVESTING ACTIVITIES
Capital Expenditures $700.0K $700.0K
YoY Change -63.16% -36.36%
Acquisitions
YoY Change
Other Investing Activities $300.0K $100.0K
YoY Change 200.0% -66.67%
Cash From Investing Activities -$400.0K -$600.0K
YoY Change -77.78% -25.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.80M -18.20M
YoY Change 86.21% 52.94%
NET CHANGE
Cash From Operating Activities 28.40M 9.600M
Cash From Investing Activities -400.0K -600.0K
Cash From Financing Activities -10.80M -18.20M
Net Change In Cash 17.20M -9.200M
YoY Change -1423.08% 196.77%
FREE CASH FLOW
Cash From Operating Activities $28.40M $9.600M
Capital Expenditures $700.0K $700.0K
Free Cash Flow $27.70M $8.900M
YoY Change 529.55% 4.71%

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