2014 Q3 Form 10-Q Financial Statement

#000119312514305189 Filed on August 12, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q2
Revenue $2.637M $42.05M $1.649M
YoY Change 95.48% 2450.09% -35.13%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.760M $2.600M $1.790M
YoY Change 57.71% 45.25% 55.65%
% of Gross Profit
Research & Development $5.200M $4.553M $4.039M
YoY Change 20.93% 12.73% -17.99%
% of Gross Profit
Depreciation & Amortization $110.0K $90.00K $60.00K
YoY Change 57.14% 50.0% 100.0%
% of Gross Profit
Operating Expenses $7.960M $4.553M $4.039M
YoY Change 31.57% 12.73% -17.99%
Operating Profit $34.90M -$4.178M
YoY Change -935.21% 18.42%
Interest Expense $240.0K $5.000K $7.000K
YoY Change -7.69% -28.57% -76.67%
% of Operating Profit 0.01%
Other Income/Expense, Net $236.0K $36.00K $40.00K
YoY Change -8.53% -10.0% 48.15%
Pretax Income -$5.090M $34.93M -$4.138M
YoY Change 14.64% -944.15% 18.23%
Income Tax $48.00K $15.12M $0.00
% Of Pretax Income 43.29%
Net Earnings -$5.042M $50.05M -$4.138M
YoY Change 13.48% -1309.59% 18.19%
Net Earnings / Revenue -191.2% 119.03% -250.94%
Basic Earnings Per Share -$0.27 $2.70 -$0.23
Diluted Earnings Per Share -$0.27 $2.61 -$0.23
COMMON SHARES
Basic Shares Outstanding 18.58M shares 18.53M shares 17.82M shares
Diluted Shares Outstanding 19.20M shares 17.82M shares

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $90.80M $95.90M $94.50M
YoY Change -10.54% 1.48% 101.92%
Cash & Equivalents $30.70M $26.37M $18.88M
Short-Term Investments $60.10M $69.50M $75.70M
Other Short-Term Assets $12.70M $13.20M $1.500M
YoY Change 693.75% 780.0% 200.0%
Inventory
Prepaid Expenses
Receivables $1.724M $399.0K $876.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $108.0M $111.7M $97.87M
YoY Change 3.12% 14.11% 92.65%
LONG-TERM ASSETS
Property, Plant & Equipment $1.803M $1.551M $1.152M
YoY Change 60.84% 34.64% 130.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $41.00M $41.70M $20.20M
YoY Change 283.18% 106.44% 1088.24%
Other Assets $4.600M $4.600M $400.0K
YoY Change 1050.0% 1050.0% -69.23%
Total Long-Term Assets $47.44M $47.84M $21.81M
YoY Change 286.95% 119.38% 523.0%
TOTAL ASSETS
Total Short-Term Assets $108.0M $111.7M $97.87M
Total Long-Term Assets $47.44M $47.84M $21.81M
Total Assets $155.4M $159.5M $119.7M
YoY Change 32.86% 33.29% 120.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.874M $1.284M $918.0K
YoY Change 26.54% 39.87% 14.75%
Accrued Expenses $2.872M $2.984M $2.023M
YoY Change -5.37% 47.5% -34.74%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.746M $4.268M $2.941M
YoY Change 4.86% 45.12% -24.59%
LONG-TERM LIABILITIES
Long-Term Debt $200.0K $200.0K $0.00
YoY Change
Other Long-Term Liabilities $229.0K $405.0K $535.0K
YoY Change -36.21% -24.3% -80.19%
Total Long-Term Liabilities $229.0K $405.0K $535.0K
YoY Change -36.21% -24.3% -80.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.746M $4.268M $2.941M
Total Long-Term Liabilities $229.0K $405.0K $535.0K
Total Liabilities $6.761M $6.561M $5.260M
YoY Change 3.94% 24.73% -20.3%
SHAREHOLDERS EQUITY
Retained Earnings -$73.01M -$67.97M -$103.0M
YoY Change -32.05% -34.01%
Common Stock $221.8M $188.0K $180.0K
YoY Change 122423.76% 4.44%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.000K $2.000K $2.000K
YoY Change 0.0% 0.0%
Treasury Stock Shares 208.8K shares 208.8K shares 208.8K shares
Shareholders Equity $148.7M $153.0M $114.4M
YoY Change
Total Liabilities & Shareholders Equity $155.4M $159.5M $119.7M
YoY Change 32.86% 33.29% 120.39%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income -$5.042M $50.05M -$4.138M
YoY Change 13.48% -1309.59% 18.19%
Depreciation, Depletion And Amortization $110.0K $90.00K $60.00K
YoY Change 57.14% 50.0% 100.0%
Cash From Operating Activities -$4.930M $35.11M -$5.920M
YoY Change 96.41% -693.07% 54.97%
INVESTING ACTIVITIES
Capital Expenditures -$490.0K -$370.0K -$50.00K
YoY Change 133.33% 640.0% 0.0%
Acquisitions
YoY Change
Other Investing Activities $9.700M -$26.93M -$48.16M
YoY Change -230.38% -44.08% 275.08%
Cash From Investing Activities $9.220M -$27.32M -$48.22M
YoY Change -220.68% -43.34% 274.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 40.00K 470.0K -1.440M
YoY Change -66.67% -132.64% 4700.0%
NET CHANGE
Cash From Operating Activities -4.930M 35.11M -5.920M
Cash From Investing Activities 9.220M -27.32M -48.22M
Cash From Financing Activities 40.00K 470.0K -1.440M
Net Change In Cash 4.330M 8.260M -55.58M
YoY Change -143.17% -114.86% 232.22%
FREE CASH FLOW
Cash From Operating Activities -$4.930M $35.11M -$5.920M
Capital Expenditures -$490.0K -$370.0K -$50.00K
Free Cash Flow -$4.440M $35.48M -$5.870M
YoY Change 93.04% -704.43% 55.7%

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