2015 Q3 Form 10-Q Financial Statement

#000119312515284854 Filed on August 10, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q2 2014 Q2
Revenue $14.42M $11.60M $42.05M
YoY Change 446.68% -72.42% 2450.09%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.690M $3.640M $2.600M
YoY Change 33.7% 40.0% 45.25%
% of Gross Profit
Research & Development $7.050M $6.253M $4.553M
YoY Change 35.58% 37.34% 12.73%
% of Gross Profit
Depreciation & Amortization $200.0K $170.0K $90.00K
YoY Change 81.82% 88.89% 50.0%
% of Gross Profit
Operating Expenses $10.74M $6.253M $4.553M
YoY Change 34.92% 37.34% 12.73%
Operating Profit $1.703M $34.90M
YoY Change -95.12% -935.21%
Interest Expense $510.0K $2.000K $5.000K
YoY Change 112.5% -60.0% -28.57%
% of Operating Profit 0.12% 0.01%
Other Income/Expense, Net $509.0K $287.0K $36.00K
YoY Change 115.68% 697.22% -10.0%
Pretax Income $4.180M $1.990M $34.93M
YoY Change -182.12% -94.3% -944.15%
Income Tax $1.629M $428.0K $15.12M
% Of Pretax Income 38.97% 21.51% 43.29%
Net Earnings $5.812M $2.418M $50.05M
YoY Change -215.27% -95.17% -1309.59%
Net Earnings / Revenue 40.32% 20.85% 119.03%
Basic Earnings Per Share $0.30 $0.13 $2.70
Diluted Earnings Per Share $0.29 $0.13 $2.61
COMMON SHARES
Basic Shares Outstanding 18.71M shares 18.70M shares 18.53M shares
Diluted Shares Outstanding 19.28M shares 19.20M shares

Balance Sheet

Concept 2015 Q3 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $145.2M $154.3M $95.90M
YoY Change 59.91% 60.9% 1.48%
Cash & Equivalents $21.73M $19.84M $26.37M
Short-Term Investments $123.5M $134.4M $69.50M
Other Short-Term Assets $9.700M $5.300M $13.20M
YoY Change -23.62% -59.85% 780.0%
Inventory
Prepaid Expenses
Receivables $15.29M $11.72M $399.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $170.6M $172.6M $111.7M
YoY Change 58.04% 54.59% 14.11%
LONG-TERM ASSETS
Property, Plant & Equipment $5.886M $2.582M $1.551M
YoY Change 226.46% 66.47% 34.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $64.20M $57.70M $41.70M
YoY Change 56.59% 38.37% 106.44%
Other Assets $5.200M $4.900M $4.600M
YoY Change 13.04% 6.52% 1050.0%
Total Long-Term Assets $75.37M $65.13M $47.84M
YoY Change 58.88% 36.16% 119.38%
TOTAL ASSETS
Total Short-Term Assets $170.6M $172.6M $111.7M
Total Long-Term Assets $75.37M $65.13M $47.84M
Total Assets $246.0M $237.8M $159.5M
YoY Change 58.29% 49.06% 33.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.543M $1.614M $1.284M
YoY Change -17.66% 25.7% 39.87%
Accrued Expenses $3.962M $3.469M $2.984M
YoY Change 37.95% 16.25% 47.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $100.0K
YoY Change
Total Short-Term Liabilities $6.704M $7.312M $4.268M
YoY Change 41.26% 71.32% 45.12%
LONG-TERM LIABILITIES
Long-Term Debt $700.0K $400.0K $200.0K
YoY Change 250.0% 100.0%
Other Long-Term Liabilities $1.713M $538.0K $405.0K
YoY Change 648.03% 32.84% -24.3%
Total Long-Term Liabilities $1.713M $538.0K $405.0K
YoY Change 648.03% 32.84% -24.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.704M $7.312M $4.268M
Total Long-Term Liabilities $1.713M $538.0K $405.0K
Total Liabilities $9.856M $9.492M $6.561M
YoY Change 45.78% 44.67% 24.73%
SHAREHOLDERS EQUITY
Retained Earnings $5.980M $168.0K -$67.97M
YoY Change -108.19% -100.25% -34.01%
Common Stock $230.1M $228.2M $188.0K
YoY Change 3.78% 121277.66% 4.44%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.000K $2.000K
YoY Change 0.0% 0.0%
Treasury Stock Shares 0.000 shares 208.8K shares 208.8K shares
Shareholders Equity $236.2M $228.3M $153.0M
YoY Change
Total Liabilities & Shareholders Equity $246.0M $237.8M $159.5M
YoY Change 58.29% 49.06% 33.29%

Cashflow Statement

Concept 2015 Q3 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $5.812M $2.418M $50.05M
YoY Change -215.27% -95.17% -1309.59%
Depreciation, Depletion And Amortization $200.0K $170.0K $90.00K
YoY Change 81.82% 88.89% 50.0%
Cash From Operating Activities -$2.380M -$14.20M $35.11M
YoY Change -51.72% -140.44% -693.07%
INVESTING ACTIVITIES
Capital Expenditures -$1.580M -$400.0K -$370.0K
YoY Change 222.45% 8.11% 640.0%
Acquisitions
YoY Change
Other Investing Activities $5.680M $8.570M -$26.93M
YoY Change -41.44% -131.82% -44.08%
Cash From Investing Activities $4.090M $8.180M -$27.32M
YoY Change -55.64% -129.94% -43.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 160.0K 120.0K 470.0K
YoY Change 300.0% -74.47% -132.64%
NET CHANGE
Cash From Operating Activities -2.380M -14.20M 35.11M
Cash From Investing Activities 4.090M 8.180M -27.32M
Cash From Financing Activities 160.0K 120.0K 470.0K
Net Change In Cash 1.870M -5.900M 8.260M
YoY Change -56.81% -171.43% -114.86%
FREE CASH FLOW
Cash From Operating Activities -$2.380M -$14.20M $35.11M
Capital Expenditures -$1.580M -$400.0K -$370.0K
Free Cash Flow -$800.0K -$13.80M $35.48M
YoY Change -81.98% -138.9% -704.43%

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