2024 Q3 Form 10-Q Financial Statement

#000107125524000092 Filed on August 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $161.2M $167.3M $286.7M
YoY Change -37.44% -41.63% -0.93%
Cost Of Revenue $74.85M $74.30M $162.3M
YoY Change -50.07% -54.22% 0.52%
Gross Profit $86.39M $93.03M $124.4M
YoY Change -19.94% -25.21% -2.76%
Gross Profit Margin 53.58% 55.6% 43.39%
Selling, General & Admin $57.06M $56.09M $67.23M
YoY Change -15.76% -16.58% 17.36%
% of Gross Profit 66.05% 60.29% 54.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.00M $22.00M $21.45M
YoY Change 0.46% 2.54% -8.32%
% of Gross Profit 25.47% 23.65% 17.25%
Operating Expenses $57.06M $56.09M $88.69M
YoY Change -15.76% -36.76% 54.81%
Operating Profit $6.728M $13.54M $35.70M
YoY Change -97.92% -62.09% -19.93%
Interest Expense -$7.959M -$8.610M -$18.80M
YoY Change -48.0% -54.21% 27.58%
% of Operating Profit -118.3% -63.61% -52.66%
Other Income/Expense, Net -$7.959M -$13.06M -$19.21M
YoY Change -48.0% -32.03% 21.49%
Pretax Income -$1.231M $479.0K $16.53M
YoY Change -100.4% -97.1% -42.56%
Income Tax -$6.398M -$144.0K $4.248M
% Of Pretax Income -30.06% 25.7%
Net Earnings $5.167M $623.0K $12.28M
YoY Change -97.86% -94.93% -42.12%
Net Earnings / Revenue 3.2% 0.37% 4.28%
Basic Earnings Per Share $0.18 $0.02 $0.43
Diluted Earnings Per Share $0.18 $0.02 $0.40
COMMON SHARES
Basic Shares Outstanding 28.31M shares 28.95M shares 28.84M shares
Diluted Shares Outstanding 29.41M shares 30.23M shares 30.72M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $68.55M $88.64M $120.8M
YoY Change -73.76% -26.64% -32.56%
Cash & Equivalents $68.55M $88.64M $120.8M
Short-Term Investments
Other Short-Term Assets $925.0K $585.0K $565.0K
YoY Change 3.35% 3.54% -82.58%
Inventory $7.569M $7.032M $7.778M
Prepaid Expenses $14.91M $17.01M $18.39M
Receivables $13.54M $16.85M $12.62M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $105.5M $130.1M $450.0M
YoY Change -79.22% -71.08% 97.25%
LONG-TERM ASSETS
Property, Plant & Equipment $845.7M $862.2M $815.2M
YoY Change 4.65% 5.76% -6.93%
Goodwill $88.31M $88.31M $80.75M
YoY Change 9.36% 9.36% -49.02%
Intangibles $54.68M $55.35M $49.38M
YoY Change 11.46% 12.11% -47.64%
Long-Term Investments
YoY Change
Other Assets $7.347M $7.860M $9.358M
YoY Change -19.35% -16.01% -30.91%
Total Long-Term Assets $996.1M $1.051B $1.044B
YoY Change -3.95% 0.66% -20.81%
TOTAL ASSETS
Total Short-Term Assets $105.5M $130.1M $450.0M
Total Long-Term Assets $996.1M $1.051B $1.044B
Total Assets $1.102B $1.181B $1.494B
YoY Change -28.68% -20.95% -3.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.39M $18.70M $18.52M
YoY Change -12.63% 0.96% -9.36%
Accrued Expenses $30.20M $39.46M $28.83M
YoY Change -12.48% 36.86% -20.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.294M $4.699M $1.296M
YoY Change 8.04% 262.58% 97.86%
Total Short-Term Liabilities $94.75M $169.3M $149.6M
YoY Change -53.66% 13.17% 25.35%
LONG-TERM LIABILITIES
Long-Term Debt $386.3M $388.2M $895.6M
YoY Change -46.09% -56.65% -5.82%
Other Long-Term Liabilities $210.0K $250.0K $407.0K
YoY Change -43.24% -38.57% -35.5%
Total Long-Term Liabilities $210.0K $250.0K $407.0K
YoY Change -43.24% -38.57% -35.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $94.75M $169.3M $149.6M
Total Long-Term Liabilities $210.0K $250.0K $407.0K
Total Liabilities $588.5M $642.2M $1.126B
YoY Change -41.1% -42.98% -7.07%
SHAREHOLDERS EQUITY
Retained Earnings $32.57M $60.18M -$103.5M
YoY Change -54.02% -158.14% -25.51%
Common Stock $480.6M $478.9M $471.6M
YoY Change 1.23% 1.55% -0.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $513.1M $539.0M $368.0M
YoY Change
Total Liabilities & Shareholders Equity $1.102B $1.181B $1.494B
YoY Change -28.68% -20.95% -3.4%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income $5.167M $623.0K $12.28M
YoY Change -97.86% -94.93% -42.12%
Depreciation, Depletion And Amortization $22.00M $22.00M $21.45M
YoY Change 0.46% 2.54% -8.32%
Cash From Operating Activities $22.52M $21.50M $46.32M
YoY Change -17.82% -53.58% -2.56%
INVESTING ACTIVITIES
Capital Expenditures $7.848M $17.59M $28.87M
YoY Change -55.91% -39.08% -383.02%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$8.041M $80.00K
YoY Change -100.0% -10151.25% 566.67%
Cash From Investing Activities -$7.848M -$25.63M -$28.79M
YoY Change -102.26% -10.99% 182.57%
FINANCING ACTIVITIES
Cash Dividend Paid $7.200M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -34.76M -311.6M -8.208M
YoY Change -85.78% 3695.94% -86.42%
NET CHANGE
Cash From Operating Activities 22.52M 21.50M 46.32M
Cash From Investing Activities -7.848M -25.63M -28.79M
Cash From Financing Activities -34.76M -311.6M -8.208M
Net Change In Cash -20.09M -315.7M 9.315M
YoY Change -115.42% -3489.16% -140.29%
FREE CASH FLOW
Cash From Operating Activities $22.52M $21.50M $46.32M
Capital Expenditures $7.848M $17.59M $28.87M
Free Cash Flow $14.67M $3.912M $17.44M
YoY Change 52.79% -77.57% -69.79%

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CY2024Q2 us-gaap Employee Benefits And Share Based Compensation
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CY2024Q2 us-gaap Income Tax Expense Benefit
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Assets
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Files In Submission

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0001071255-24-000092.txt Edgar Link pending
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