2022 Q3 Form 10-Q Financial Statement

#000118518522001107 Filed on September 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2021 Q3
Revenue $8.204M $12.96M
YoY Change -36.67% 0.04%
Cost Of Revenue $8.209M $8.893M
YoY Change -7.69% 0.37%
Gross Profit -$5.000K $4.062M
YoY Change -100.12% -0.68%
Gross Profit Margin -0.06% 31.35%
Selling, General & Admin $1.992M $4.394M
YoY Change -54.67% 36.04%
% of Gross Profit 108.17%
Research & Development $1.110M $1.355M
YoY Change -18.08% 12.92%
% of Gross Profit 33.36%
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $3.102M $5.749M
YoY Change -46.04% 29.77%
Operating Profit -$3.107M -$1.687M
YoY Change 84.17% 396.18%
Interest Expense $45.00K -$20.00K
YoY Change -325.0% -50.0%
% of Operating Profit
Other Income/Expense, Net $0.00 $133.0K
YoY Change -100.0% 10.83%
Pretax Income -$3.116M -$1.574M
YoY Change 97.97% 529.6%
Income Tax $1.000K $1.000K
% Of Pretax Income
Net Earnings -$3.117M -$1.575M
YoY Change 97.9% 505.77%
Net Earnings / Revenue -37.99% -12.16%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.33 -$171.3K
COMMON SHARES
Basic Shares Outstanding 9.297M shares 9.193M shares
Diluted Shares Outstanding 9.308M shares 9.193M shares

Balance Sheet

Concept 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.47M $18.87M
YoY Change -7.41% 52.14%
Cash & Equivalents $7.246M $8.901M
Short-Term Investments $10.22M $9.964M
Other Short-Term Assets $1.614M $7.407M
YoY Change -78.21% 208.63%
Inventory $19.75M $20.07M
Prepaid Expenses
Receivables $3.819M $9.189M
Other Receivables $0.00 $0.00
Total Short-Term Assets $54.40M $55.53M
YoY Change -2.04% 11.96%
LONG-TERM ASSETS
Property, Plant & Equipment $8.456M $18.89M
YoY Change -55.24% -11.31%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $900.0K $11.52M
YoY Change -92.19% -33.79%
Total Long-Term Assets $28.43M $31.03M
YoY Change -8.38% -21.04%
TOTAL ASSETS
Total Short-Term Assets $54.40M $55.53M
Total Long-Term Assets $28.43M $31.03M
Total Assets $82.83M $86.56M
YoY Change -4.31% -2.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.232M $1.307M
YoY Change -5.74% -12.87%
Accrued Expenses $3.389M $12.36M
YoY Change -72.58% 116.84%
Deferred Revenue $12.84M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $23.50M $15.42M
YoY Change 52.37% 44.13%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $121.0K $17.02M
YoY Change -99.29% -28.78%
Total Long-Term Liabilities $121.0K $17.02M
YoY Change -99.29% -28.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.50M $15.42M
Total Long-Term Liabilities $121.0K $17.02M
Total Liabilities $39.15M $32.45M
YoY Change 20.64% -6.21%
SHAREHOLDERS EQUITY
Retained Earnings -$23.24M
YoY Change
Common Stock $9.315M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.000K
YoY Change
Treasury Stock Shares 1.000K shares
Shareholders Equity $43.68M $54.11M
YoY Change
Total Liabilities & Shareholders Equity $82.83M $86.56M
YoY Change -4.31% -2.63%

Cashflow Statement

Concept 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$3.117M -$1.575M
YoY Change 97.9% 505.77%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$3.574M -$828.0K
YoY Change 331.64% -1480.0%
INVESTING ACTIVITIES
Capital Expenditures $465.0K -$504.0K
YoY Change -192.26% 140.0%
Acquisitions
YoY Change
Other Investing Activities -$276.0K $426.0K
YoY Change -164.79% -41.64%
Cash From Investing Activities -$741.0K -$78.00K
YoY Change 850.0% -115.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $0.00 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -$3.574M -828.0K
Cash From Investing Activities -$741.0K -78.00K
Cash From Financing Activities $0.00 0.000
Net Change In Cash -$4.315M -906.0K
YoY Change 376.27% -34.35%
FREE CASH FLOW
Cash From Operating Activities -$3.574M -$828.0K
Capital Expenditures $465.0K -$504.0K
Free Cash Flow -$4.039M -$324.0K
YoY Change 1146.6% -220.0%

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WeightedAverageNumberOfDilutedSharesOutstanding
9192571 shares
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
357125 shares
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
372000 shares
CY2022Q3 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
11750000 usd
CY2022Q2 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
9977000 usd
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
12837000 usd
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
12218000 usd
CY2022Q3 feim Contract With Customer Asset Net1
ContractWithCustomerAssetNet1
-1087000 usd
CY2022Q2 feim Contract With Customer Asset Net1
ContractWithCustomerAssetNet1
-2241000 usd
CY2022Q3 us-gaap Loss On Contracts
LossOnContracts
1200000 usd
CY2021Q3 us-gaap Loss On Contracts
LossOnContracts
16000 usd
CY2022Q3 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
16708 shares
CY2022Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
11722000 usd
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
11683000 usd
CY2022Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
7739000 usd
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
7746000 usd
CY2022Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
291000 usd
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
477000 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
19752000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
19906000 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8455000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8805000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1750000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1744000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6992000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
7353000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
8742000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
9097000 usd
CY2022Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
481000 usd
CY2021Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
506000 usd
CY2022Q3 us-gaap Assets
Assets
82833000 usd
CY2022Q2 us-gaap Assets
Assets
85880000 usd
CY2022Q3 us-gaap Revenues
Revenues
8200000 usd
CY2021Q3 us-gaap Revenues
Revenues
13000000 usd
CY2022Q3 us-gaap Revenues
Revenues
8204000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1303000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1993000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1832000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1317000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
937000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3239000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
10621000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1879000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
8742000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1750000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6992000 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y1M24D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0618 pure
CY2022Q3 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 pure
CY2022Q3 us-gaap Revenues
Revenues
8204000 usd
CY2021Q3 us-gaap Revenues
Revenues
12955000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-3107000 usd
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-1687000 usd
CY2021Q3 us-gaap Revenues
Revenues
12955000 usd
CY2022Q3 us-gaap Revenues
Revenues
8204000 usd
CY2021Q3 us-gaap Revenues
Revenues
12955000 usd
CY2022 us-gaap Impairment Of Investments
ImpairmentOfInvestments
796000 usd
CY2022Q3 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
1000000 usd
CY2022Q3 us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
-20000 usd
CY2022Q3 dei Entity Central Index Key
EntityCentralIndexKey
0000039020
CY2021Q3 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
6000000 usd
CY2021Q3 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
6000000 usd
CY2021Q3 us-gaap Litigation Reserve
LitigationReserve
6000000 usd
CY2021Q3 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
650000 usd
CY2022Q3 dei Amendment Flag
AmendmentFlag
false
CY2022Q3 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--04-30
CY2022Q3 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2022Q3 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023

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