2016 Q2 Form 10-Q Financial Statement

#000133349316000131 Filed on August 08, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $35.86M $39.89M
YoY Change -10.12% -6.34%
Cost Of Revenue $533.0K $670.0K
YoY Change -20.45% -24.89%
Gross Profit $35.32M $39.22M
YoY Change -9.95% -5.94%
Gross Profit Margin 98.51% 98.32%
Selling, General & Admin $42.50M $33.10M
YoY Change 28.4% -5.43%
% of Gross Profit 120.32% 84.39%
Research & Development $8.289M $8.591M
YoY Change -3.52% -10.04%
% of Gross Profit 23.47% 21.9%
Depreciation & Amortization $929.0K $1.330M
YoY Change -30.15% -6.34%
% of Gross Profit 2.63% 3.39%
Operating Expenses $8.289M $8.591M
YoY Change -3.52% -10.04%
Operating Profit -$6.989M $5.828M
YoY Change -219.92% -8.19%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$21.00K -$9.000K
YoY Change 133.33% -68.97%
Pretax Income -$5.830M $5.819M
YoY Change -200.19% -7.91%
Income Tax -$5.354M $69.00K
% Of Pretax Income 1.19%
Net Earnings $1.495M $5.750M
YoY Change -74.0% 90.21%
Net Earnings / Revenue 4.17% 14.41%
Basic Earnings Per Share $0.08 $0.32
Diluted Earnings Per Share $0.08 $0.32
COMMON SHARES
Basic Shares Outstanding 18.26M shares 17.97M shares
Diluted Shares Outstanding 18.26M shares 18.04M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $66.70M $51.80M
YoY Change 28.76% -26.42%
Cash & Equivalents $66.71M $51.81M
Short-Term Investments
Other Short-Term Assets $5.400M $6.800M
YoY Change -20.59% -46.03%
Inventory
Prepaid Expenses
Receivables $13.93M $10.17M
Other Receivables $12.70M $8.900M
Total Short-Term Assets $86.05M $68.76M
YoY Change 25.14% -23.48%
LONG-TERM ASSETS
Property, Plant & Equipment $6.687M $8.510M
YoY Change -21.42% -19.67%
Goodwill $14.10M $14.10M
YoY Change 0.0% 0.0%
Intangibles $9.100M $10.14M
YoY Change -10.26% -12.55%
Long-Term Investments
YoY Change
Other Assets $4.024M $4.122M
YoY Change -2.38% -20.65%
Total Long-Term Assets $33.91M $36.87M
YoY Change -8.03% -22.58%
TOTAL ASSETS
Total Short-Term Assets $86.05M $68.76M
Total Long-Term Assets $33.91M $36.87M
Total Assets $120.0M $105.6M
YoY Change 13.56% -23.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.344M $2.066M
YoY Change 13.46% -50.25%
Accrued Expenses $10.20M $10.40M
YoY Change -1.92% 10.64%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $18.15M $17.68M
YoY Change 2.67% 0.99%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $4.700M $6.600M
YoY Change -28.79% 11.86%
Total Long-Term Liabilities $4.704M $6.608M
YoY Change -28.81% 12.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.15M $17.68M
Total Long-Term Liabilities $4.704M $6.608M
Total Liabilities $22.86M $24.29M
YoY Change -5.9% 3.88%
SHAREHOLDERS EQUITY
Retained Earnings $27.06M $17.93M
YoY Change 50.91% -43.86%
Common Stock $29.00K $29.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $200.0M $200.0M
YoY Change 0.0% 12.2%
Treasury Stock Shares
Shareholders Equity $97.10M $81.34M
YoY Change
Total Liabilities & Shareholders Equity $120.0M $105.6M
YoY Change 13.56% -23.17%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $1.495M $5.750M
YoY Change -74.0% 90.21%
Depreciation, Depletion And Amortization $929.0K $1.330M
YoY Change -30.15% -6.34%
Cash From Operating Activities $2.560M $12.72M
YoY Change -79.87% 4003.23%
INVESTING ACTIVITIES
Capital Expenditures -$1.910M -$1.050M
YoY Change 81.9% -13.93%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.910M -$1.050M
YoY Change 81.9% -13.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -630.0K 770.0K
YoY Change -181.82% -102.86%
NET CHANGE
Cash From Operating Activities 2.560M 12.72M
Cash From Investing Activities -1.910M -1.050M
Cash From Financing Activities -630.0K 770.0K
Net Change In Cash 20.00K 12.44M
YoY Change -99.84% -144.68%
FREE CASH FLOW
Cash From Operating Activities $2.560M $12.72M
Capital Expenditures -$1.910M -$1.050M
Free Cash Flow $4.470M $13.77M
YoY Change -67.54% 800.0%

Facts In Submission

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OtherNonoperatingIncomeExpense
-9000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-21000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Payments For Restructuring
PaymentsForRestructuring
129000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1432000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2318000 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5185000 USD
CY2016Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5401000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1049000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
60000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7364000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6687000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
40000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
43000 USD
CY2015Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
1456000 USD
us-gaap Restricted Stock Expense
RestrictedStockExpense
3025000 USD
CY2016Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
1869000 USD
us-gaap Restricted Stock Expense
RestrictedStockExpense
3375000 USD
us-gaap Restructuring Charges
RestructuringCharges
0 USD
CY2015Q4 us-gaap Restructuring Reserve
RestructuringReserve
433000 USD
CY2016Q2 us-gaap Restructuring Reserve
RestructuringReserve
146000 USD
us-gaap Restructuring Reserve Accrual Adjustment
RestructuringReserveAccrualAdjustment
-158000 USD
CY2016Q2 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
68000 USD
CY2016Q2 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
78000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
9498000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
27056000 USD
CY2015Q2 us-gaap Revenues
Revenues
39894000 USD
us-gaap Revenues
Revenues
101182000 USD
CY2016Q2 us-gaap Revenues
Revenues
37277000 USD
us-gaap Revenues
Revenues
111121000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3858000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4009000 USD
CY2015Q2 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
371000 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
833000 USD
CY2016Q2 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
308000 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
634000 USD
CY2016Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
76421000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
97097000 USD
CY2015Q4 us-gaap Treasury Stock Number Of Shares Held
TreasuryStockNumberOfSharesHeld
11025933 shares
CY2016Q2 us-gaap Treasury Stock Number Of Shares Held
TreasuryStockNumberOfSharesHeld
11107852 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
199998000 USD
CY2016Q2 us-gaap Treasury Stock Value
TreasuryStockValue
199998000 USD
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18035000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17998000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18258000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18296000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17967000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17906000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18258000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18206000 shares

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