2022 Q1 Form 10-Q Financial Statement

#000143774922003280 Filed on February 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q3
Revenue $75.09M $51.66M $92.57M
YoY Change 52.58% 81.24% 272.34%
Cost Of Revenue $77.53M $55.26M $62.88M
YoY Change 146.32% 130.19% 164.51%
Gross Profit -$2.434M -$3.604M $29.70M
YoY Change -113.72% -180.16% 2621.58%
Gross Profit Margin -3.24% -6.98% 32.08%
Selling, General & Admin $1.833M $1.994M $5.290M
YoY Change -44.73% 15.6% 277.35%
% of Gross Profit 17.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $326.2K $331.1K $325.8K
YoY Change 15.41% 66.12% 66.66%
% of Gross Profit 1.1%
Operating Expenses $1.833M $920.0K $1.866M
YoY Change -44.73% 25.0% 159.89%
Operating Profit -$4.267M -$5.657M $24.33M
YoY Change -129.58% -304.61% -7774.8%
Interest Expense -$5.234M $58.00K $72.00K
YoY Change 901.46% 866.67% 1100.0%
% of Operating Profit 0.3%
Other Income/Expense, Net -$5.100M $1.727M -$6.840M
YoY Change 920.0% 43075.0% -171100.0%
Pretax Income -$9.501M -$3.930M $17.49M
YoY Change -168.34% -241.93% -5688.5%
Income Tax -$2.040M -$967.7K $4.315M
% Of Pretax Income 24.67%
Net Earnings -$7.461M -$2.962M $13.18M
YoY Change -171.72% -239.07% -5370.94%
Net Earnings / Revenue -9.94% -5.73% 14.24%
Basic Earnings Per Share -$0.43 $1.91
Diluted Earnings Per Share -$1.111M -$0.43 $1.91
COMMON SHARES
Basic Shares Outstanding 6.856M 6.907M 6.903M
Diluted Shares Outstanding 6.907M 6.903M

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.598M $3.066M $2.944M
YoY Change -68.28% -81.4% -84.32%
Cash & Equivalents $2.598M $3.066M $2.944M
Short-Term Investments
Other Short-Term Assets $14.91M $2.578M $6.807M
YoY Change 20.92% -53.02% 260.74%
Inventory $67.95M $84.55M $67.74M
Prepaid Expenses
Receivables $35.67M $26.24M $32.33M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $125.4M $121.9M $111.7M
YoY Change 61.68% 89.69% 91.05%
LONG-TERM ASSETS
Property, Plant & Equipment $30.11M $27.49M $20.78M
YoY Change 94.72% 83.67% 49.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.291M $972.7K $5.252M
YoY Change 14.07% 571.77% 3639.24%
Total Long-Term Assets $33.91M $28.59M $26.17M
YoY Change 94.08% 88.94% 79.18%
TOTAL ASSETS
Total Short-Term Assets $125.4M $121.9M $111.7M
Total Long-Term Assets $33.91M $28.59M $26.17M
Total Assets $159.3M $150.4M $137.8M
YoY Change 67.64% 89.54% 88.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $44.75M $37.91M $26.70M
YoY Change 194.8% 521.51% 468.37%
Accrued Expenses $1.388M $1.439M $4.555M
YoY Change -48.56% 79.66% 702.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $104.7K $104.2K $103.7K
YoY Change -93.54% -92.77% -90.48%
Total Short-Term Liabilities $60.81M $43.82M $39.43M
YoY Change 109.17% 413.61% 506.88%
LONG-TERM LIABILITIES
Long-Term Debt $160.9K $187.2K $213.5K
YoY Change -63.23% -70.91% -79.08%
Other Long-Term Liabilities $221.8K $261.5K $3.369M
YoY Change -29.82% -10.25% 962.19%
Total Long-Term Liabilities $221.8K $261.5K $3.369M
YoY Change -29.82% -10.25% 962.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $60.81M $43.82M $39.43M
Total Long-Term Liabilities $221.8K $261.5K $3.369M
Total Liabilities $79.59M $59.38M $57.49M
YoY Change 168.26% 492.87% 640.18%
SHAREHOLDERS EQUITY
Retained Earnings $58.91M $66.51M $69.61M
YoY Change 29.78% 89.33% 110.07%
Common Stock $38.79M $38.71M $38.59M
YoY Change 1.17% 1.38% 1.32%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.741M $7.305M $7.203M
YoY Change 7.47% 10.37% 21.35%
Treasury Stock Shares $1.489M $1.444M $1.435M
Shareholders Equity $79.69M $91.06M $80.34M
YoY Change
Total Liabilities & Shareholders Equity $159.3M $150.4M $137.8M
YoY Change 67.64% 89.54% 88.67%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q3
OPERATING ACTIVITIES
Net Income -$7.461M -$2.962M $13.18M
YoY Change -171.72% -239.07% -5370.94%
Depreciation, Depletion And Amortization $326.2K $331.1K $325.8K
YoY Change 15.41% 66.12% 66.66%
Cash From Operating Activities $9.540M $1.654M -$26.71M
YoY Change 165.78% 47.48% -562.41%
INVESTING ACTIVITIES
Capital Expenditures -$714.5K -$4.444M -$149.5K
YoY Change 87.33% 243.31% -90.42%
Acquisitions
YoY Change
Other Investing Activities -$5.170K -$2.890K $157.7K
YoY Change -115.98% -33.1% -3740.88%
Cash From Investing Activities -$719.7K -$4.447M $8.160K
YoY Change 106.16% 242.39% -100.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.650M 343.4K 3.552M
YoY Change -453.88% -138.16% -715.59%
NET CHANGE
Cash From Operating Activities 9.540M 1.654M -26.71M
Cash From Investing Activities -719.7K -4.447M 8.160K
Cash From Financing Activities 2.650M 343.4K 3.552M
Net Change In Cash 11.47M -2.450M -23.15M
YoY Change 360.38% 127.39% -736.9%
FREE CASH FLOW
Cash From Operating Activities $9.540M $1.654M -$26.71M
Capital Expenditures -$714.5K -$4.444M -$149.5K
Free Cash Flow $10.25M $6.098M -$26.56M
YoY Change 158.24% 152.42% -462.04%

Facts In Submission

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