2021 Form 10-K Financial Statement
#000121390021052364 Filed on October 12, 2021
Income Statement
| Concept | 2021 | 2020 | 2019 |
|---|---|---|---|
| Revenue | $117.7M | $76.00M | $81.20M |
| YoY Change | 54.91% | -6.4% | -19.6% |
| Cost Of Revenue | $64.15M | $52.30M | $57.90M |
| YoY Change | 22.67% | -9.67% | -4.14% |
| Gross Profit | $53.58M | $23.80M | $23.20M |
| YoY Change | 125.11% | 2.59% | -42.86% |
| Gross Profit Margin | 45.51% | 31.32% | 28.57% |
| Selling, General & Admin | $44.91M | $43.00M | $44.30M |
| YoY Change | 4.43% | -2.93% | -0.45% |
| % of Gross Profit | 83.81% | 180.67% | 190.95% |
| Research & Development | $3.252M | $4.400M | $3.200M |
| YoY Change | -26.09% | 37.5% | 0.0% |
| % of Gross Profit | 6.07% | 18.49% | 13.79% |
| Depreciation & Amortization | $2.653M | $2.780M | $3.030M |
| YoY Change | -4.57% | -8.25% | -3.19% |
| % of Gross Profit | 4.95% | 11.68% | 13.06% |
| Operating Expenses | $48.16M | $47.40M | $47.40M |
| YoY Change | 1.6% | 0.0% | -0.63% |
| Operating Profit | $5.420M | -$23.60M | -$24.20M |
| YoY Change | -122.97% | -2.48% | 240.85% |
| Interest Expense | $278.0K | $1.400M | $400.0K |
| YoY Change | -80.14% | 250.0% | -33.33% |
| % of Operating Profit | 5.13% | ||
| Other Income/Expense, Net | $13.91M | $500.0K | $400.0K |
| YoY Change | 2681.0% | 25.0% | 100.0% |
| Pretax Income | $7.875M | -$28.50M | $2.500M |
| YoY Change | -127.63% | -1240.0% | -121.93% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | $7.875M | -$28.50M | $2.500M |
| YoY Change | -127.63% | -1240.0% | -124.27% |
| Net Earnings / Revenue | 6.69% | -37.5% | 3.08% |
| Basic Earnings Per Share | $0.16 | -$0.60 | |
| Diluted Earnings Per Share | $163.0K | -$597.5K | $52.63K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 48.19K shares | 47.70K shares | |
| Diluted Shares Outstanding | 48.33K shares | 47.70K shares |
Balance Sheet
| Concept | 2021 | 2020 | 2019 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $43.50M | $47.90M | $60.10M |
| YoY Change | -9.18% | -20.3% | 0.17% |
| Cash & Equivalents | $13.52M | $47.90M | $60.10M |
| Short-Term Investments | $29.98M | ||
| Other Short-Term Assets | $4.230M | $4.000M | $2.700M |
| YoY Change | 5.75% | 48.15% | 0.0% |
| Inventory | $12.65M | $7.800M | $7.800M |
| Prepaid Expenses | |||
| Receivables | $10.20M | $9.100M | $10.70M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $70.58M | $68.80M | $81.50M |
| YoY Change | 2.59% | -15.58% | -2.04% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $33.61M | $34.40M | $14.30M |
| YoY Change | -2.31% | 140.56% | 88.16% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $1.808M | $1.400M | $2.400M |
| YoY Change | 29.14% | -41.67% | 60.0% |
| Total Long-Term Assets | $43.11M | $43.70M | $25.10M |
| YoY Change | -1.35% | 74.1% | 35.68% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $70.58M | $68.80M | $81.50M |
| Total Long-Term Assets | $43.11M | $43.70M | $25.10M |
| Total Assets | $113.7M | $112.5M | $106.6M |
| YoY Change | 1.06% | 5.53% | 4.82% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $8.123M | $8.500M | $7.300M |
| YoY Change | -4.44% | 16.44% | -23.16% |
| Accrued Expenses | $15.05M | $14.40M | $8.400M |
| YoY Change | 4.48% | 71.43% | -16.83% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $7.000M | $0.00 |
| YoY Change | -100.0% | ||
| Long-Term Debt Due | $233.0K | $300.0K | $400.0K |
| YoY Change | -22.33% | -25.0% | 100.0% |
| Total Short-Term Liabilities | $26.08M | $32.80M | $16.00M |
| YoY Change | -20.5% | 105.0% | -20.79% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $4.466M | $4.600M | $4.600M |
| YoY Change | -2.91% | 0.0% | 1050.0% |
| Other Long-Term Liabilities | $14.56M | $16.70M | |
| YoY Change | -12.8% | ||
| Total Long-Term Liabilities | $19.03M | $21.30M | $4.600M |
| YoY Change | -10.66% | 363.04% | 1050.0% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $26.08M | $32.80M | $16.00M |
| Total Long-Term Liabilities | $19.03M | $21.30M | $4.600M |
| Total Liabilities | $45.11M | $54.20M | $20.60M |
| YoY Change | -16.78% | 163.11% | 0.49% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $68.59M | $58.40M | $86.00M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $113.7M | $112.5M | $106.6M |
| YoY Change | 1.06% | 5.53% | 4.82% |
Cashflow Statement
| Concept | 2021 | 2020 | 2019 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $7.875M | -$28.50M | $2.500M |
| YoY Change | -127.63% | -1240.0% | -124.27% |
| Depreciation, Depletion And Amortization | $2.653M | $2.780M | $3.030M |
| YoY Change | -4.57% | -8.25% | -3.19% |
| Cash From Operating Activities | $387.0K | -$17.18M | $4.810M |
| YoY Change | -102.25% | -457.17% | -275.55% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$4.436M | -$2.170M | -$8.130M |
| YoY Change | 104.42% | -73.31% | 330.16% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$30.06M | $0.00 | $0.00 |
| YoY Change | -100.0% | ||
| Cash From Investing Activities | -$34.50M | -$2.170M | -$8.130M |
| YoY Change | 1489.72% | -73.31% | 319.07% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -242.0K | 7.000M | 4.190M |
| YoY Change | -103.46% | 67.06% | 648.21% |
| NET CHANGE | |||
| Cash From Operating Activities | 387.0K | -17.18M | 4.810M |
| Cash From Investing Activities | -34.50M | -2.170M | -8.130M |
| Cash From Financing Activities | -242.0K | 7.000M | 4.190M |
| Net Change In Cash | -34.35M | -12.35M | 870.0K |
| YoY Change | 178.15% | -1519.54% | -121.12% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $387.0K | -$17.18M | $4.810M |
| Capital Expenditures | -$4.436M | -$2.170M | -$8.130M |
| Free Cash Flow | $4.823M | -$15.01M | $12.94M |
| YoY Change | -132.13% | -216.0% | -1622.35% |
Facts In Submission
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