2020 Q2 Form 10-Q Financial Statement

#000165495420008468 Filed on August 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $39.51M $61.44M
YoY Change -35.7% 0.95%
Cost Of Revenue $29.19M $46.43M
YoY Change -37.14% 1.36%
Gross Profit $10.32M $15.01M
YoY Change -31.25% -0.29%
Gross Profit Margin 26.12% 24.43%
Selling, General & Admin $7.960M $8.077M
YoY Change -1.44% -11.08%
% of Gross Profit 77.14% 53.81%
Research & Development $917.5K $2.175M
YoY Change -57.81% 37.5%
% of Gross Profit 8.89% 14.49%
Depreciation & Amortization $1.990M $950.0K
YoY Change 109.47% -18.1%
% of Gross Profit 19.28% 6.33%
Operating Expenses $8.878M $10.25M
YoY Change -13.4% -3.88%
Operating Profit $2.857M $2.959M
YoY Change -3.47% -32.57%
Interest Expense $454.9K $261.6K
YoY Change 73.89% -16.16%
% of Operating Profit 15.93% 8.84%
Other Income/Expense, Net $303.7K $586.8K
YoY Change -48.24% 159.92%
Pretax Income $2.705M $3.284M
YoY Change -17.63% -23.66%
Income Tax -$540.0K $754.7K
% Of Pretax Income -19.96% 22.98%
Net Earnings -$1.889M $2.530M
YoY Change -174.66% -22.36%
Net Earnings / Revenue -4.78% 4.12%
Basic Earnings Per Share $0.33 $0.41
Diluted Earnings Per Share $0.33 $0.40
COMMON SHARES
Basic Shares Outstanding 6.246M shares 6.234M shares
Diluted Shares Outstanding 6.246M shares 6.263M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.00M $13.70M
YoY Change 45.99% -27.89%
Cash & Equivalents $16.87M $13.67M
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $3.700M $3.200M
YoY Change 15.63% -15.79%
Inventory $55.91M $49.27M
Prepaid Expenses
Receivables $33.58M $32.10M
Other Receivables $200.0K $1.100M
Total Short-Term Assets $113.4M $99.31M
YoY Change 14.18% -3.77%
LONG-TERM ASSETS
Property, Plant & Equipment $39.71M $26.99M
YoY Change 47.09% -8.49%
Goodwill $75.44M $34.88M
YoY Change 116.28%
Intangibles $5.404M $3.686M
YoY Change 46.61%
Long-Term Investments
YoY Change
Other Assets $1.400M
YoY Change -22.22%
Total Long-Term Assets $158.0M $86.10M
YoY Change 83.48% 6.43%
TOTAL ASSETS
Total Short-Term Assets $113.4M $99.31M
Total Long-Term Assets $158.0M $86.10M
Total Assets $271.4M $185.4M
YoY Change 46.36% 0.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.94M $18.50M
YoY Change 2.37% 2.24%
Accrued Expenses $6.900M $6.700M
YoY Change 2.99% -2.9%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.188M $3.100M
YoY Change 67.34% -59.21%
Total Short-Term Liabilities $31.02M $28.34M
YoY Change 9.47% -18.09%
LONG-TERM LIABILITIES
Long-Term Debt $90.95M $19.30M
YoY Change 371.27% -30.82%
Other Long-Term Liabilities $2.465M $353.9K
YoY Change 596.68% -98.71%
Total Long-Term Liabilities $93.42M $19.65M
YoY Change 375.33% -64.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $31.02M $28.34M
Total Long-Term Liabilities $93.42M $19.65M
Total Liabilities $124.4M $48.00M
YoY Change 159.29% -47.6%
SHAREHOLDERS EQUITY
Retained Earnings $119.3M $112.4M
YoY Change 6.15%
Common Stock $31.10M $30.29M
YoY Change 2.68%
Preferred Stock
YoY Change
Treasury Stock (at cost) $20.54M $20.17M
YoY Change 1.83%
Treasury Stock Shares $2.735M
Shareholders Equity $102.8M $100.3M
YoY Change
Total Liabilities & Shareholders Equity $271.4M $185.4M
YoY Change 46.36% 0.71%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income -$1.889M $2.530M
YoY Change -174.66% -22.36%
Depreciation, Depletion And Amortization $1.990M $950.0K
YoY Change 109.47% -18.1%
Cash From Operating Activities $5.860M $7.220M
YoY Change -18.84% 31.03%
INVESTING ACTIVITIES
Capital Expenditures -$350.0K -$410.0K
YoY Change -14.63% -69.4%
Acquisitions
YoY Change
Other Investing Activities $1.370M $70.00K
YoY Change 1857.14% -101.4%
Cash From Investing Activities $1.020M -$350.0K
YoY Change -391.43% -94.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $5.500M
YoY Change
Cash From Financing Activities -3.340M -6.580M
YoY Change -49.24% -267.43%
NET CHANGE
Cash From Operating Activities 5.860M 7.220M
Cash From Investing Activities 1.020M -350.0K
Cash From Financing Activities -3.340M -6.580M
Net Change In Cash 3.540M 290.0K
YoY Change 1120.69% -90.65%
FREE CASH FLOW
Cash From Operating Activities $5.860M $7.220M
Capital Expenditures -$350.0K -$410.0K
Free Cash Flow $6.210M $7.630M
YoY Change -18.61% 11.39%

Facts In Submission

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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3618303 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
616300 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-21533 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
734790 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
709357 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-730055 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-89081 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-1697444 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-1307966 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-927178 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-1893440 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7356997 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8707605 USD
eml Payments For Proceeds From Marketable Securities
PaymentsForProceedsFromMarketableSecurities
-8389 USD
eml Payments For Proceeds From Marketable Securities
PaymentsForProceedsFromMarketableSecurities
23136 USD
eml Business Disposition
BusinessDisposition
1378602 USD
eml Business Disposition
BusinessDisposition
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
445212 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1183419 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1261942 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
648784 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1285078 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2622745 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
6275000 USD
us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
1251943 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
368864 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1372673 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1373700 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1989550 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-257863 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13925765 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
19986055 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13667902 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
-957712 USD
eml Operating Lease Liability Obtained In Exchange For Right Of Use Asset
OperatingLeaseLiabilityObtainedInExchangeForRightOfUseAsset
957712 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6234665 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6232744 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6246410 shares
CY2019Q2 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
6233773 shares
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
6234665 shares
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
6232744 shares
CY2019Q2 eml Incremental Common Shares Attributable To Stock Appreciation Rights
IncrementalCommonSharesAttributableToStockAppreciationRights
29258 shares
eml Incremental Common Shares Attributable To Stock Appreciation Rights
IncrementalCommonSharesAttributableToStockAppreciationRights
29258 shares
CY2020Q2 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
6246410 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6262002 shares
CY2020Q2 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
17638594 USD
CY2019Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
17225469 USD
CY2020Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
11273696 USD
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
11009648 USD
CY2020Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
26996450 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
26364149 USD
CY2020Q2 us-gaap Inventory Net
InventoryNet
55908740 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
54599266 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
4 USD
eml Number Of Operating Leases
NumberOfOperatingLeases
41 integer
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
11384763 USD
us-gaap Debt Instrument Term
DebtInstrumentTerm
P6Y
CY2020Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.50 pure
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y6M
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.2888 pure
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0248 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.3862 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0026 pure
us-gaap Share Based Compensation
ShareBasedCompensation
85000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
93000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
195000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
173000 USD
CY2020Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
0 shares
CY2020Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
445000 USD
us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
0.00
CY2019Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
25000 shares
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P1Y9M18D
us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
0
CY2018Q2 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
200000 shares
CY2020Q2 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
245142 USD
CY2019Q2 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
229736 USD
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1099918 USD
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1076568 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
48833409 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
61439929 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
114159025 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
122323077 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-2242207 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
2959293 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
2177452 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
5293601 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
606553 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
261618 USD
us-gaap Interest Expense
InterestExpense
1434217 USD
us-gaap Interest Expense
InterestExpense
554158 USD
CY2020Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
416917 USD
CY2019Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
586823 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
603322 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
600748 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2431843 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3284498 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1346557 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5340191 USD

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