2016 Q1 Form 10-Q Financial Statement
#000133349316000093 Filed on May 09, 2016
Income Statement
Concept | 2016 Q1 | 2015 Q1 |
---|---|---|
Revenue | $51.41M | $61.29M |
YoY Change | -16.12% | 20.31% |
Cost Of Revenue | $2.184M | $2.414M |
YoY Change | -9.53% | 14.25% |
Gross Profit | $49.23M | $58.87M |
YoY Change | -16.39% | 20.58% |
Gross Profit Margin | 95.75% | 96.06% |
Selling, General & Admin | $47.70M | $56.10M |
YoY Change | -14.97% | 8.72% |
% of Gross Profit | 96.9% | 95.29% |
Research & Development | $8.507M | $10.77M |
YoY Change | -21.03% | 2.92% |
% of Gross Profit | 17.28% | 18.3% |
Depreciation & Amortization | $1.005M | $1.058M |
YoY Change | -5.01% | 5.91% |
% of Gross Profit | 2.04% | 1.8% |
Operating Expenses | $8.507M | $10.77M |
YoY Change | -21.03% | 2.92% |
Operating Profit | $3.149M | -$2.012M |
YoY Change | -256.51% | -35.31% |
Interest Expense | ||
YoY Change | ||
% of Operating Profit | ||
Other Income/Expense, Net | -$11.00K | -$14.00K |
YoY Change | -21.43% | -64.1% |
Pretax Income | $23.67M | -$2.026M |
YoY Change | -1268.41% | -35.66% |
Income Tax | $5.638M | $56.00K |
% Of Pretax Income | 23.82% | |
Net Earnings | -$795.0K | -$2.082M |
YoY Change | -61.82% | 34.06% |
Net Earnings / Revenue | -1.55% | -3.4% |
Basic Earnings Per Share | -$0.04 | -$0.12 |
Diluted Earnings Per Share | -$0.04 | -$0.12 |
COMMON SHARES | ||
Basic Shares Outstanding | 18.15M shares | 17.84M shares |
Diluted Shares Outstanding | 18.22M shares | 17.84M shares |
Balance Sheet
Concept | 2016 Q1 | 2015 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $66.70M | $39.40M |
YoY Change | 69.29% | -59.88% |
Cash & Equivalents | $66.69M | $39.37M |
Short-Term Investments | ||
Other Short-Term Assets | $4.900M | $7.500M |
YoY Change | -34.67% | -52.23% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $19.63M | $14.61M |
Other Receivables | $17.90M | $13.30M |
Total Short-Term Assets | $91.26M | $61.42M |
YoY Change | 48.59% | -49.82% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $6.733M | $8.944M |
YoY Change | -24.72% | -14.0% |
Goodwill | $14.10M | $14.10M |
YoY Change | 0.0% | |
Intangibles | $9.360M | $10.43M |
YoY Change | -10.25% | |
Long-Term Investments | ||
YoY Change | ||
Other Assets | $3.624M | $3.875M |
YoY Change | -6.48% | -62.74% |
Total Long-Term Assets | $33.81M | $37.34M |
YoY Change | -9.46% | -20.21% |
TOTAL ASSETS | ||
Total Short-Term Assets | $91.26M | $61.42M |
Total Long-Term Assets | $33.81M | $37.34M |
Total Assets | $125.1M | $98.76M |
YoY Change | 26.64% | -41.63% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $2.057M | $2.303M |
YoY Change | -10.68% | -4.04% |
Accrued Expenses | $11.70M | $11.20M |
YoY Change | 4.46% | -44.83% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $24.19M | $19.15M |
YoY Change | 26.32% | -29.61% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $4.900M | $6.700M |
YoY Change | -26.87% | 13.56% |
Total Long-Term Liabilities | $4.888M | $6.650M |
YoY Change | -26.5% | 12.71% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $24.19M | $19.15M |
Total Long-Term Liabilities | $4.888M | $6.650M |
Total Liabilities | $29.07M | $25.80M |
YoY Change | 12.71% | -22.07% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $27.53M | $12.18M |
YoY Change | 126.06% | |
Common Stock | $29.00K | $29.00K |
YoY Change | 0.0% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $200.0M | $200.0M |
YoY Change | 0.0% | |
Treasury Stock Shares | ||
Shareholders Equity | $96.00M | $72.97M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $125.1M | $98.76M |
YoY Change | 26.64% | -41.63% |
Cashflow Statement
Concept | 2016 Q1 | 2015 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$795.0K | -$2.082M |
YoY Change | -61.82% | 34.06% |
Depreciation, Depletion And Amortization | $1.005M | $1.058M |
YoY Change | -5.01% | 5.91% |
Cash From Operating Activities | $4.697M | -$11.17M |
YoY Change | -142.04% | 106.51% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $411.0K | $384.0K |
YoY Change | 7.03% | -65.56% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | -$411.0K | -$384.0K |
YoY Change | 7.03% | -93.16% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -$296.0K | -$499.0K |
YoY Change | -40.68% | -122.83% |
NET CHANGE | ||
Cash From Operating Activities | $4.697M | -$11.17M |
Cash From Investing Activities | -$411.0K | -$384.0K |
Cash From Financing Activities | -$296.0K | -$499.0K |
Net Change In Cash | $3.990M | -$12.06M |
YoY Change | -133.1% | 36.38% |
FREE CASH FLOW | ||
Cash From Operating Activities | $4.697M | -$11.17M |
Capital Expenditures | $411.0K | $384.0K |
Free Cash Flow | $4.286M | -$11.56M |
YoY Change | -137.09% | 77.1% |
Facts In Submission
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NoncurrentAssets
|
35777000 | USD |
CY2016Q1 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
33813000 | USD |
CY2016Q1 | us-gaap |
Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
|
50 | state |
CY2015Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2012000 | USD |
CY2016Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
23683000 | USD |
CY2015Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
4697000 | USD |
CY2016Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
3624000 | USD |
CY2015Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
1000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-14000 | USD |
CY2015Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
3225000 | USD |
CY2016Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
10104000 | USD |
CY2015Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-14000 | USD |
CY2016Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-11000 | USD |
CY2016Q1 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
70000 | USD |
CY2015Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
384000 | USD |
CY2016Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
411000 | USD |
CY2015Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
5185000 | USD |
CY2016Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
4947000 | USD |
CY2015Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
7364000 | USD |
CY2016Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
6733000 | USD |
CY2015Q1 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
19000 | USD |
CY2016Q1 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
20000 | USD |
CY2015Q1 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
1569000 | USD |
CY2016Q1 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
1506000 | USD |
CY2015Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
4483000 | USD |
CY2016Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
0 | USD |
CY2015Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
433000 | USD |
CY2016Q1 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
363000 | USD |
CY2016Q1 | us-gaap |
Restructuring Reserve Current
RestructuringReserveCurrent
|
176000 | USD |
CY2016Q1 | us-gaap |
Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
|
187000 | USD |
CY2015Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
9498000 | USD |
CY2016Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
27532000 | USD |
CY2015Q1 | us-gaap |
Revenues
Revenues
|
61288000 | USD |
CY2016Q1 | us-gaap |
Revenues
Revenues
|
73844000 | USD |
CY2015Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2031000 | USD |
CY2016Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1832000 | USD |
CY2015Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
500000 | USD |
CY2016Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
300000 | USD |
CY2015Q1 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
462000 | USD |
CY2016Q1 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
326000 | USD |
CY2016Q1 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
0 | shares |
CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
76421000 | USD |
CY2016Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
96000000 | USD |
CY2015Q4 | us-gaap |
Treasury Stock Number Of Shares Held
TreasuryStockNumberOfSharesHeld
|
11025933 | shares |
CY2016Q1 | us-gaap |
Treasury Stock Number Of Shares Held
TreasuryStockNumberOfSharesHeld
|
11054253 | shares |
CY2015Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
199998000 | USD |
CY2016Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
199998000 | USD |
CY2015Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
17844000 | shares |
CY2016Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18217000 | shares |
CY2015Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
17844000 | shares |
CY2016Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18153000 | shares |