2018 Q1 Form 10-Q Financial Statement

#000114420418021252 Filed on April 19, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $32.15M $31.87M
YoY Change 0.89% -7.82%
Cost Of Revenue $23.16M $23.58M
YoY Change -1.79% 0.18%
Gross Profit $8.988M $8.284M
YoY Change 8.5% -24.89%
Gross Profit Margin 27.96% 26.0%
Selling, General & Admin $6.950M $5.930M
YoY Change 17.2% -23.61%
% of Gross Profit 77.33% 71.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $913.0K $901.0K
YoY Change 1.33% -44.04%
% of Gross Profit 10.16% 10.88%
Operating Expenses $6.950M $5.930M
YoY Change 17.2% -23.61%
Operating Profit $1.715M $1.996M
YoY Change -14.08% -19.45%
Interest Expense $189.0K $167.0K
YoY Change 13.17% 1.83%
% of Operating Profit 11.02% 8.37%
Other Income/Expense, Net -$23.00K $4.000K
YoY Change -675.0% -93.22%
Pretax Income $1.491M $2.037M
YoY Change -26.8% -15.9%
Income Tax $275.0K $649.0K
% Of Pretax Income 18.44% 31.86%
Net Earnings $1.216M $1.388M
YoY Change -12.39% -18.21%
Net Earnings / Revenue 3.78% 4.36%
Basic Earnings Per Share $0.09 $0.10
Diluted Earnings Per Share $0.08 $0.10
COMMON SHARES
Basic Shares Outstanding 14.38M 14.32M shares
Diluted Shares Outstanding 14.41M 14.36M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.900M $2.500M
YoY Change 16.0% -24.24%
Cash & Equivalents $2.863M $2.536M
Short-Term Investments
Other Short-Term Assets $33.00K $0.00
YoY Change -100.0%
Inventory $40.11M $37.19M
Prepaid Expenses $2.866M $2.885M
Receivables $28.85M $29.27M
Other Receivables $500.0K $0.00
Total Short-Term Assets $75.23M $71.88M
YoY Change 4.66% -7.74%
LONG-TERM ASSETS
Property, Plant & Equipment $13.90M $13.53M
YoY Change 2.78% -3.88%
Goodwill $21.55M $21.55M
YoY Change 0.0% 0.43%
Intangibles $19.37M $20.91M
YoY Change -7.38% -6.63%
Long-Term Investments $20.20M $17.40M
YoY Change 16.09% -9.84%
Other Assets $0.00 $72.00K
YoY Change -100.0% -36.28%
Total Long-Term Assets $74.99M $73.42M
YoY Change 2.14% -5.08%
TOTAL ASSETS
Total Short-Term Assets $75.23M $71.88M
Total Long-Term Assets $74.99M $73.42M
Total Assets $150.2M $145.3M
YoY Change 3.39% -6.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.200M $6.600M
YoY Change -21.21% 1.54%
Accrued Expenses $8.128M $7.100M
YoY Change 14.48% -27.52%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $18.94M $1.300M
YoY Change 1357.0% -31.94%
Total Short-Term Liabilities $32.26M $15.10M
YoY Change 113.62% -16.92%
LONG-TERM LIABILITIES
Long-Term Debt $3.750M $23.00M
YoY Change -83.7% 268.0%
Other Long-Term Liabilities $553.0K $0.00
YoY Change
Total Long-Term Liabilities $4.303M $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.26M $15.10M
Total Long-Term Liabilities $4.303M $0.00
Total Liabilities $39.01M $43.10M
YoY Change -9.48% -25.07%
SHAREHOLDERS EQUITY
Retained Earnings $99.50M $91.59M
YoY Change 8.64% 6.51%
Common Stock $14.42M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $111.2M $102.2M
YoY Change
Total Liabilities & Shareholders Equity $150.2M $145.3M
YoY Change 3.39% -6.42%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $1.216M $1.388M
YoY Change -12.39% -18.21%
Depreciation, Depletion And Amortization $913.0K $901.0K
YoY Change 1.33% -44.04%
Cash From Operating Activities $3.674M $5.869M
YoY Change -37.4% 249.97%
INVESTING ACTIVITIES
Capital Expenditures $206.0K $197.0K
YoY Change 4.57% -63.92%
Acquisitions $1.401M
YoY Change -85.19%
Other Investing Activities $0.00 -$1.400M
YoY Change -100.0% -84.9%
Cash From Investing Activities -$206.0K -$1.594M
YoY Change -87.08% -83.75%
FINANCING ACTIVITIES
Cash Dividend Paid $1.801M $1.650M
YoY Change 9.15% 5.23%
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $13.32M $15.14M
YoY Change -12.05% 11.31%
Cash From Financing Activities -2.177M -$2.752M
YoY Change -20.89% -129.24%
NET CHANGE
Cash From Operating Activities 3.674M $5.869M
Cash From Investing Activities -206.0K -$1.594M
Cash From Financing Activities -2.177M -$2.752M
Net Change In Cash 1.291M $1.523M
YoY Change -15.23% 19.17%
FREE CASH FLOW
Cash From Operating Activities $3.674M $5.869M
Capital Expenditures $206.0K $197.0K
Free Cash Flow $3.468M $5.672M
YoY Change -38.86% 401.5%

Facts In Submission

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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> <i>Reclassifications</i> &#150; Certain reclassifications have been made to prior year financial statements to conform to the current year financial statement presentation. These reclassifications had no effect on net earnings.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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Files In Submission

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