2022 Q2 Form 10-Q Financial Statement

#000000695522000024 Filed on June 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $151.9M $136.6M $130.9M
YoY Change 6.11% 13.22% 9.61%
Cost Of Revenue $79.85M $76.62M $71.28M
YoY Change 4.65% 16.3% 11.08%
Gross Profit $72.05M $59.98M $59.63M
YoY Change 7.78% 9.5% 7.89%
Gross Profit Margin 47.43% 43.91% 45.55%
Selling, General & Admin $63.10M $50.67M $48.48M
YoY Change 55.91% 10.43% 10.91%
% of Gross Profit 87.57% 84.47% 81.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.821M $4.987M $5.175M
YoY Change -11.35% -9.33% -5.19%
% of Gross Profit 6.69% 8.31% 8.68%
Operating Expenses $63.10M $50.67M $48.48M
YoY Change 55.91% 10.43% 10.91%
Operating Profit $6.643M $4.484M $6.407M
YoY Change -70.8% -21.43% -29.35%
Interest Expense -$951.0K -$755.0K -$961.0K
YoY Change -29.03% -41.92% -43.47%
% of Operating Profit -14.32% -16.84% -15.0%
Other Income/Expense, Net -$254.0K -$271.0K -$480.0K
YoY Change -52.96% -65.43% 75.82%
Pretax Income $5.438M $3.458M $4.966M
YoY Change -73.94% -3.54% -29.86%
Income Tax $1.377M $1.337M $1.781M
% Of Pretax Income 25.32% 38.66% 35.86%
Net Earnings $1.643M $1.221M $2.788M
YoY Change -93.44% -61.63% -39.36%
Net Earnings / Revenue 1.08% 0.89% 2.13%
Basic Earnings Per Share $0.03 $0.02 $0.05
Diluted Earnings Per Share $0.03 $0.02 $0.05
COMMON SHARES
Basic Shares Outstanding 60.23M shares 60.39M shares 60.26M shares
Diluted Shares Outstanding 60.61M shares 60.69M shares 60.62M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $123.7M $133.4M $126.5M
YoY Change -9.23% 15.72% -20.22%
Cash & Equivalents $123.7M $133.4M $126.5M
Short-Term Investments
Other Short-Term Assets $34.93M $34.73M $36.22M
YoY Change -15.23% -2.72% 10.09%
Inventory $86.90M $89.48M $83.61M
Prepaid Expenses
Receivables $117.0M $113.5M $112.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $366.3M $374.1M $361.1M
YoY Change -1.49% 14.94% 0.91%
LONG-TERM ASSETS
Property, Plant & Equipment $44.40M $46.48M $47.73M
YoY Change -11.46% -24.12% -20.74%
Goodwill $267.2M $273.4M $273.3M
YoY Change -6.88% -3.97% -2.73%
Intangibles $45.16M $48.61M $51.40M
YoY Change -21.63% -17.59% -14.47%
Long-Term Investments
YoY Change
Other Assets $74.25M $78.87M $78.95M
YoY Change -2.53% 0.36% -0.65%
Total Long-Term Assets $431.0M $447.4M $451.4M
YoY Change -8.47% -7.48% -6.11%
TOTAL ASSETS
Total Short-Term Assets $366.3M $374.1M $361.1M
Total Long-Term Assets $431.0M $447.4M $451.4M
Total Assets $797.3M $821.5M $812.5M
YoY Change -5.39% 1.54% -3.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $65.74M $66.42M $63.47M
YoY Change 9.75% 33.55% 35.18%
Accrued Expenses $21.23M $20.85M $17.71M
YoY Change -4.11% -4.35% -2.68%
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 $134.5M $140.3M $131.6M
YoY Change 0.06% 21.74% 19.99%
LONG-TERM LIABILITIES
Long-Term Debt $205.0M $175.0M $175.0M
YoY Change 5.13% -16.67% -31.37%
Other Long-Term Liabilities $68.74M $70.78M $74.32M
YoY Change -7.9% -13.11% -12.27%
Total Long-Term Liabilities $273.7M $245.8M $249.3M
YoY Change 1.52% -15.67% -26.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $134.5M $140.3M $131.6M
Total Long-Term Liabilities $273.7M $245.8M $249.3M
Total Liabilities $431.0M $408.4M $402.7M
YoY Change 1.23% -4.48% -14.44%
SHAREHOLDERS EQUITY
Retained Earnings $959.0M $957.3M $956.1M
YoY Change 0.9% 3.45% 3.67%
Common Stock $228.6M $224.7M $224.4M
YoY Change 5.08% 5.19% 5.62%
Preferred Stock
YoY Change
Treasury Stock (at cost) $704.0M $667.7M $667.7M
YoY Change 5.44% 0.0% 0.0%
Treasury Stock Shares 24.55M shares 22.80M shares 22.80M shares
Shareholders Equity $366.3M $413.0M $409.8M
YoY Change
Total Liabilities & Shareholders Equity $797.3M $821.5M $812.5M
YoY Change -5.39% 1.54% -3.11%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $1.643M $1.221M $2.788M
YoY Change -93.44% -61.63% -39.36%
Depreciation, Depletion And Amortization $4.821M $4.987M $5.175M
YoY Change -11.35% -9.33% -5.19%
Cash From Operating Activities $2.519M $9.403M -$4.726M
YoY Change -78.45% 108.96% -154.53%
INVESTING ACTIVITIES
Capital Expenditures -$2.140M -$1.537M -$3.293M
YoY Change -45.18% -58.46% 73.32%
Acquisitions
YoY Change
Other Investing Activities $995.0K $30.00K $133.0K
YoY Change -95.97% -95.0%
Cash From Investing Activities -$1.145M -$1.507M -$3.160M
YoY Change -105.5% -51.39% 70.08%
FINANCING ACTIVITIES
Cash Dividend Paid $2.409M
YoY Change 0.63%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.233M -1.915M -$3.717M
YoY Change -53.05% -95.89% 104.46%
NET CHANGE
Cash From Operating Activities 2.519M 9.403M -$4.726M
Cash From Investing Activities -1.145M -1.507M -$3.160M
Cash From Financing Activities -6.233M -1.915M -$3.717M
Net Change In Cash -4.859M 5.981M -$13.82M
YoY Change -125.28% -113.23% -315.99%
FREE CASH FLOW
Cash From Operating Activities $2.519M $9.403M -$4.726M
Capital Expenditures -$2.140M -$1.537M -$3.293M
Free Cash Flow $4.659M $10.94M -$1.433M
YoY Change -70.12% 33.41% -113.56%

Facts In Submission

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us-gaap Short Term Lease Cost
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CY2021Q2 us-gaap Variable Lease Cost
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us-gaap Variable Lease Cost
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4600000 USD
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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5468000 USD

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