2015 Q2 Form 10-Q Financial Statement

#000156459015006599 Filed on August 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $19.75M $40.73M
YoY Change -51.51% -47.88%
Cost Of Revenue $23.10M $25.35M
YoY Change -8.88% -42.74%
Gross Profit -$3.306M $15.38M
YoY Change -121.5% -54.61%
Gross Profit Margin -16.74% 37.75%
Selling, General & Admin $5.600M $6.237M
YoY Change -10.21% 11.18%
% of Gross Profit 40.56%
Research & Development $3.600M $3.667M
YoY Change -1.83% 10.22%
% of Gross Profit 23.85%
Depreciation & Amortization $4.680M $4.470M
YoY Change 4.7% 26.63%
% of Gross Profit 29.07%
Operating Expenses $9.100M $9.918M
YoY Change -8.25% 11.64%
Operating Profit -$12.45M $5.458M
YoY Change -328.12% -78.16%
Interest Expense -$900.0K $143.0K
YoY Change -729.37% 130.65%
% of Operating Profit 2.62%
Other Income/Expense, Net -$489.0K -$129.0K
YoY Change 279.07% 158.0%
Pretax Income -$12.94M $5.329M
YoY Change -342.82% -78.63%
Income Tax -$4.400M $1.577M
% Of Pretax Income 29.59%
Net Earnings -$8.564M $3.752M
YoY Change -328.25% -77.92%
Net Earnings / Revenue -43.36% 9.21%
Basic Earnings Per Share -$0.66 $0.29
Diluted Earnings Per Share -$0.66 $0.29
COMMON SHARES
Basic Shares Outstanding 13.15M 12.95M
Diluted Shares Outstanding 13.00M

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $45.20M $58.60M
YoY Change -22.87% 486.0%
Cash & Equivalents $25.61M $52.60M
Short-Term Investments $19.60M $5.900M
Other Short-Term Assets $11.30M $13.70M
YoY Change -17.52% -64.96%
Inventory $131.4M $146.8M
Prepaid Expenses
Receivables $13.30M $25.35M
Other Receivables $13.90M $3.900M
Total Short-Term Assets $215.2M $248.3M
YoY Change -13.33% 9.48%
LONG-TERM ASSETS
Property, Plant & Equipment $99.20M $104.8M
YoY Change -5.34% 32.16%
Goodwill $1.843M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.800M $6.800M
YoY Change -14.71% 6081.82%
Total Long-Term Assets $108.0M $113.4M
YoY Change -4.76% 28.16%
TOTAL ASSETS
Total Short-Term Assets $215.2M $248.3M
Total Long-Term Assets $108.0M $113.4M
Total Assets $323.2M $361.7M
YoY Change -10.64% 14.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.100M $4.700M
YoY Change -34.04% -77.14%
Accrued Expenses $9.600M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $13.00M $28.29M
YoY Change -54.05% -25.74%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $13.00M $28.29M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $14.10M $30.38M
YoY Change -53.59% -25.36%
SHAREHOLDERS EQUITY
Retained Earnings $262.8M
YoY Change
Common Stock $131.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $309.0M $331.3M
YoY Change
Total Liabilities & Shareholders Equity $323.2M $361.7M
YoY Change -10.63% 14.7%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$8.564M $3.752M
YoY Change -328.25% -77.92%
Depreciation, Depletion And Amortization $4.680M $4.470M
YoY Change 4.7% 26.63%
Cash From Operating Activities $3.800M $15.27M
YoY Change -75.11% -272.74%
INVESTING ACTIVITIES
Capital Expenditures -$2.610M -$8.690M
YoY Change -69.97% -18.71%
Acquisitions
YoY Change
Other Investing Activities $1.270M $1.630M
YoY Change -22.09% -90.52%
Cash From Investing Activities -$1.340M -$7.060M
YoY Change -81.02% -208.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 70.00K
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities 3.800M 15.27M
Cash From Investing Activities -1.340M -7.060M
Cash From Financing Activities 0.000 70.00K
Net Change In Cash 2.460M 8.280M
YoY Change -70.29% -453.85%
FREE CASH FLOW
Cash From Operating Activities $3.800M $15.27M
Capital Expenditures -$2.610M -$8.690M
Free Cash Flow $6.410M $23.96M
YoY Change -73.25% 1195.14%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Payments To Acquire Short Term Investments
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Prepaid Taxes
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Increase Decrease In Deferred Revenue
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Productive Assets
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us-gaap Increase Decrease In Income Taxes Receivable
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Depreciation
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geos Accretion Of Discounts On Short Term Investments
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Inventory Write Down
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us-gaap Gain Loss On Disposition Of Assets
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us-gaap Gain Loss On Disposition Of Assets
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geos Increase Decrease In Costs And Estimated Earnings In Excess Of Billings
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Payments To Acquire Short Term Investments
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us-gaap Repayments Of Long Term Debt
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us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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us-gaap Increase Decrease In Accounts And Notes Receivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Taxes
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us-gaap Increase Decrease In Deferred Revenue
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Productive Assets
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us-gaap Proceeds From Sale Of Short Term Investments
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us-gaap Number Of Reportable Segments
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us-gaap Prior Period Reclassification Adjustment Description
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<div> <p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Reclassifications</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Certain amounts previously presented in the consolidated financial statements have been reclassified to conform to the current year presentation. During the nine months ended June 30, 2015, the Company reclassified $4.2 million in deposits made for equipment purchases in the prior fiscal year from prepaid and other current assets to property, plant and equipment on its consolidated balance sheet. Such reclassification had no effect on net income (loss), stockholders&#8217; equity or cash flows.</p></div>
us-gaap Use Of Estimates
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