2022 Q3 Form 10-Q Financial Statement
#000165495422010771 Filed on August 08, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q1 | 2021 Q3 |
---|---|---|---|
Revenue | $69.54M | $59.62M | $61.25M |
YoY Change | 13.54% | -1.35% | |
Cost Of Revenue | $53.55M | $47.56M | $47.27M |
YoY Change | 13.29% | 0.4% | |
Gross Profit | $15.99M | $12.06M | $13.98M |
YoY Change | 14.39% | -7.69% | |
Gross Profit Margin | 22.99% | 20.23% | 22.82% |
Selling, General & Admin | $10.14M | $7.458M | $9.376M |
YoY Change | 8.17% | -6.66% | |
% of Gross Profit | 63.43% | 61.81% | 67.08% |
Research & Development | $959.4K | $1.033M | $1.088M |
YoY Change | -11.85% | 47.5% | |
% of Gross Profit | 6.0% | 8.56% | 7.79% |
Depreciation & Amortization | $1.802M | $2.052M | $1.341M |
YoY Change | 34.35% | -12.3% | |
% of Gross Profit | 11.27% | 17.01% | 9.6% |
Operating Expenses | $11.10M | $8.490M | $10.46M |
YoY Change | 6.09% | -2.19% | |
Operating Profit | $4.887M | $3.575M | $3.513M |
YoY Change | 39.11% | -18.57% | |
Interest Expense | $503.8K | -$359.2K | $434.1K |
YoY Change | 16.04% | -45.57% | |
% of Operating Profit | 10.31% | -10.05% | 12.36% |
Other Income/Expense, Net | $511.8K | $12.43K | $525.1K |
YoY Change | -2.54% | -98.45% | |
Pretax Income | $4.895M | $3.228M | $3.604M |
YoY Change | 35.82% | 348.33% | |
Income Tax | $1.194M | -$685.1K | $848.3K |
% Of Pretax Income | 24.39% | -21.22% | 23.54% |
Net Earnings | $4.037M | $2.006M | -$4.474M |
YoY Change | -190.23% | 42.28% | |
Net Earnings / Revenue | 5.8% | 3.36% | -7.3% |
Basic Earnings Per Share | $0.59 | $0.44 | |
Diluted Earnings Per Share | $0.59 | $319.9K | $0.44 |
COMMON SHARES | |||
Basic Shares Outstanding | 6.223M shares | 6.260M shares | |
Diluted Shares Outstanding | 6.237M shares | 6.277M shares |
Balance Sheet
Concept | 2022 Q3 | 2022 Q1 | 2021 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $7.106M | $6.168M | $16.92M |
YoY Change | -58.0% | -61.69% | |
Cash & Equivalents | $7.106M | $6.168M | $18.53M |
Short-Term Investments | $29.12K | ||
Other Short-Term Assets | $13.24M | $10.47M | $39.74M |
YoY Change | -66.69% | 143.39% | |
Inventory | $67.69M | $62.86M | $48.83M |
Prepaid Expenses | |||
Receivables | $46.25M | $43.15M | $35.11M |
Other Receivables | $874.2K | $1.027M | $459.9K |
Total Short-Term Assets | $135.2M | $123.7M | $141.1M |
YoY Change | -4.18% | 10.69% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $26.06M | $28.30M | $26.01M |
YoY Change | 0.17% | -2.48% | |
Goodwill | $72.11M | $72.21M | $71.06M |
YoY Change | 1.48% | -0.01% | 2986.93% |
Intangibles | $5.489M | $5.410M | $5.404M |
YoY Change | 1.57% | 0.1% | |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $0.00 | ||
YoY Change | -100.0% | ||
Total Long-Term Assets | $139.8M | $142.7M | $140.5M |
YoY Change | -0.5% | -12.91% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $135.2M | $123.7M | $141.1M |
Total Long-Term Assets | $139.8M | $142.7M | $140.5M |
Total Assets | $274.9M | $266.3M | $281.5M |
YoY Change | -2.34% | -3.34% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $29.62M | $29.63M | $27.22M |
YoY Change | 8.82% | 39.05% | |
Accrued Expenses | $4.292M | $9.184M | $6.861M |
YoY Change | -37.45% | 17.74% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $7.500M | $7.500M | $7.688M |
YoY Change | -2.44% | 16.5% | |
Total Short-Term Liabilities | $45.53M | $49.56M | $50.42M |
YoY Change | -9.69% | 21.88% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $70.10M | $63.81M | $78.67M |
YoY Change | -10.89% | -22.42% | |
Other Long-Term Liabilities | $668.4K | $668.4K | $1.144M |
YoY Change | -41.58% | -41.58% | |
Total Long-Term Liabilities | $70.77M | $64.48M | $1.144M |
YoY Change | 6085.55% | -22.68% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $45.53M | $49.56M | $50.42M |
Total Long-Term Liabilities | $70.77M | $64.48M | $1.144M |
Total Liabilities | $154.6M | $151.7M | $174.6M |
YoY Change | -11.45% | -11.39% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $135.1M | $129.4M | $123.3M |
YoY Change | 9.56% | -205.36% | |
Common Stock | $33.03M | $32.62M | $32.18M |
YoY Change | 2.65% | 3.55% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $22.33M | $20.91M | |
YoY Change | 1.8% | ||
Treasury Stock Shares | 2.824M shares | 2.764M shares | 2.750M shares |
Shareholders Equity | $120.3M | $114.6M | $106.9M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $274.9M | $266.3M | $281.5M |
YoY Change | -2.34% | -3.34% |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q1 | 2021 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $4.037M | $2.006M | -$4.474M |
YoY Change | -190.23% | 42.28% | |
Depreciation, Depletion And Amortization | $1.802M | $2.052M | $1.341M |
YoY Change | 34.35% | -12.3% | |
Cash From Operating Activities | $732.9K | -$2.252M | $3.428M |
YoY Change | -78.62% | -156.29% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$568.7K | -$1.607M | -$890.4K |
YoY Change | -36.13% | 43.47% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $253.6K | $14.43M | $42.13K |
YoY Change | 501.99% | -2254.06% | |
Cash From Investing Activities | -$315.1K | $12.83M | -$848.3K |
YoY Change | -62.86% | -816.5% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 1.708M | -13.92M | -1.682M |
YoY Change | -201.55% | 143.75% | |
NET CHANGE | |||
Cash From Operating Activities | 732.9K | -2.252M | 3.428M |
Cash From Investing Activities | -315.1K | 12.83M | -848.3K |
Cash From Financing Activities | 1.708M | -13.92M | -1.682M |
Net Change In Cash | 2.126M | -3.344M | 897.4K |
YoY Change | 136.92% | -4.45% | |
FREE CASH FLOW | |||
Cash From Operating Activities | $732.9K | -$2.252M | $3.428M |
Capital Expenditures | -$568.7K | -$1.607M | -$890.4K |
Free Cash Flow | $1.302M | -$644.8K | $4.318M |
YoY Change | -69.86% | -112.59% |
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us-gaap |
Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
-571945 | usd | |
us-gaap |
Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
|
-717668 | usd | |
us-gaap |
Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
|
689923 | usd | |
CY2022Q3 | eml |
Cash And Cash Equivalents At End Of Period
CashAndCashEquivalentsAtEndOfPeriod
|
7190532 | usd |
CY2021Q3 | eml |
Cash And Cash Equivalents At End Of Period
CashAndCashEquivalentsAtEndOfPeriod
|
18526113 | usd |
us-gaap |
Interest Paid
InterestPaid
|
1012157 | usd | |
us-gaap |
Interest Paid
InterestPaid
|
1264023 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
1647375 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
284075 | usd | |
eml |
Right Of Use Asset
RightOfUseAsset
|
1694711 | usd | |
eml |
Right Of Use Asset
RightOfUseAsset
|
-484797 | usd | |
eml |
Lease Liability
LeaseLiability
|
-1595081 | usd | |
eml |
Lease Liability
LeaseLiability
|
315032 | usd | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6222818 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6259654 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6235231 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6253996 | shares | |
CY2022Q3 | eml |
Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
|
6222818 | shares |
CY2021Q3 | eml |
Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
|
6259654 | shares |
eml |
Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
|
6235231 | shares | |
eml |
Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
|
6253996 | shares | |
CY2022Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
14102 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
17751 | shares | |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
14102 | shares | |
CY2021Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
17751 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
6236920 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
6277405 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
6249333 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
6271747 | shares | |
CY2022Q3 | us-gaap |
Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
27042024 | usd |
CY2022Q1 | us-gaap |
Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
25113487 | usd |
CY2022Q3 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
10375986 | usd |
CY2022Q1 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
9636009 | usd |
CY2022Q3 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
30271712 | usd |
CY2022Q3 | us-gaap |
Inventory Net
InventoryNet
|
67689722 | usd |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
5300 | shares | |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
65300 | shares |
CY2021Q3 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
192078 | usd |
us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
812542 | usd | |
us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
735751 | usd | |
eml |
Accrued Amount For Non Discretionary Safe Harbor Contribution
AccruedAmountForNonDiscretionarySafeHarborContribution
|
323082 | usd | |
CY2022Q3 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
206662 | usd |
us-gaap |
Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
|
250000 | usd | |
eml |
Unrecognized Pension And Postretirement Benefits
UnrecognizedPensionAndPostretirementBenefits
|
81210 | usd | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
39437 | usd |