2013 Q2 Form 10-Q Financial Statement

#000119312513328899 Filed on August 09, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $12.49M $10.58M
YoY Change 18.11%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $540.0K $330.0K
YoY Change 63.64% 6.45%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $2.642M $3.840M
YoY Change -31.2%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.395M $1.105M
YoY Change 116.74% -37.92%
Income Tax $519.0K $311.0K
% Of Pretax Income 21.67% 28.14%
Net Earnings $1.876M $794.0K
YoY Change 136.27% -35.97%
Net Earnings / Revenue 15.02% 7.51%
Basic Earnings Per Share $0.16 $0.07
Diluted Earnings Per Share $0.16 $0.07
COMMON SHARES
Basic Shares Outstanding 11.41M shares 10.86M shares
Diluted Shares Outstanding 11.41M shares 10.86M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $20.33M $22.78M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $15.92M $11.50M
YoY Change 38.44% -1.71%
Goodwill $8.817M
YoY Change
Intangibles $2.707M
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.60M
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.378B $1.113B
YoY Change 23.84% 0.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $32.21M $11.00M
YoY Change 192.84%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $32.20M $11.00M
YoY Change 192.73%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $25.50M $8.100M
YoY Change 214.81% 26.56%
Total Long-Term Liabilities $25.50M $8.100M
YoY Change 214.81% 26.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.20M $11.00M
Total Long-Term Liabilities $25.50M $8.100M
Total Liabilities $1.213B $949.4M
YoY Change 27.8% 1.22%
SHAREHOLDERS EQUITY
Retained Earnings $70.23M
YoY Change
Common Stock $181.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $73.11M
YoY Change
Treasury Stock Shares 5.917M shares
Shareholders Equity $165.1M $163.7M
YoY Change
Total Liabilities & Shareholders Equity $1.378B $1.113B
YoY Change 23.84% 0.95%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $1.876M $794.0K
YoY Change 136.27% -35.97%
Depreciation, Depletion And Amortization $540.0K $330.0K
YoY Change 63.64% 6.45%
Cash From Operating Activities $6.960M $2.980M
YoY Change 133.56% 65.56%
INVESTING ACTIVITIES
Capital Expenditures -$240.0K -$340.0K
YoY Change -29.41% 1033.33%
Acquisitions
YoY Change
Other Investing Activities -$4.040M $700.0K
YoY Change -677.14% -113.31%
Cash From Investing Activities -$4.280M $360.0K
YoY Change -1288.89% -106.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.310M -3.620M
YoY Change 74.31% -171.4%
NET CHANGE
Cash From Operating Activities 6.960M 2.980M
Cash From Investing Activities -4.280M 360.0K
Cash From Financing Activities -6.310M -3.620M
Net Change In Cash -3.630M -280.0K
YoY Change 1196.43% -117.61%
FREE CASH FLOW
Cash From Operating Activities $6.960M $2.980M
Capital Expenditures -$240.0K -$340.0K
Free Cash Flow $7.200M $3.320M
YoY Change 116.87% 81.42%

Facts In Submission

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CY2013Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
193000
CY2013Q2 us-gaap Interest Expense
InterestExpense
2642000
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-2160000
CY2013Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
179000
CY2013Q2 us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
-100000
CY2013Q2 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
599000
CY2013Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
261000
CY2013Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1757000
CY2013Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
250000
CY2013Q2 us-gaap Occupancy Net
OccupancyNet
956000
CY2013Q2 us-gaap Professional Fees
ProfessionalFees
549000
CY2013Q2 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
CY2013Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
4690000
CY2013Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
175000
CY2013Q2 us-gaap Advertising Expense
AdvertisingExpense
170000
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
519000
CY2013Q2 essa Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Period Increase Decrease Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansPeriodIncreaseDecreaseNetOfTax
65000
CY2013Q2 essa Other Comprehensive Income Loss Reclassification Adjustment Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentNetOfTax
58000
CY2013Q2 essa Additional Common Stock Equivalents Stock Options Used To Calculate Diluted Earnings Per Share
AdditionalCommonStockEquivalentsStockOptionsUsedToCalculateDilutedEarningsPerShare
shares
CY2013Q2 essa Other Comprehensive Income Loss Available For Sale Securities Period Increase Decrease Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesPeriodIncreaseDecreaseNetOfTax
-4201000
CY2013Q2 essa Weighted Average Number Of Shares Unearned Non Vested Shares
WeightedAverageNumberOfSharesUnearnedNonVestedShares
-49571 shares
CY2013Q2 essa Additional Common Stock Equivalents Non Vested Stock Used To Calculate Diluted Earnings Per Share
AdditionalCommonStockEquivalentsNonVestedStockUsedToCalculateDilutedEarningsPerShare
shares
CY2013Q2 essa Other Comprehensive Income Loss Period Increase Decrease Net Of Tax
OtherComprehensiveIncomeLossPeriodIncreaseDecreaseNetOfTax
-4136000
CY2013Q2 essa Realized Gross Gains
RealizedGrossGains
11000
CY2013Q2 essa Other Comprehensive Income Loss Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationAdjustmentsNetOfTax
-4194000

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