2019 Q3 Form 10-Q Financial Statement

#000143774919016846 Filed on August 14, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2019 Q2 2018 Q2
Revenue $6.110M $5.086M $9.420M
YoY Change -28.75% -46.01% 24.9%
Cost Of Revenue $9.893M $8.452M $10.69M
YoY Change -6.92% -20.96% 10.18%
Gross Profit -$3.783M -$3.366M -$1.273M
YoY Change 84.27% 164.41% -41.15%
Gross Profit Margin -61.91% -66.18% -13.51%
Selling, General & Admin $2.431M $2.182M $1.637M
YoY Change 11.0% 33.29% -22.89%
% of Gross Profit
Research & Development $1.789M $945.0K $1.469M
YoY Change -4.08% -35.67% -22.32%
% of Gross Profit
Depreciation & Amortization $1.608M $1.611M $1.640M
YoY Change -0.12% -1.77% -1.2%
% of Gross Profit
Operating Expenses $4.220M $3.127M $3.106M
YoY Change 4.07% 0.68% -22.62%
Operating Profit -$8.003M -$6.493M -$4.379M
YoY Change 31.02% 48.28% -29.11%
Interest Expense -$610.0K -$620.0K -$4.930M
YoY Change -20.78% -87.42% 16333.33%
% of Operating Profit
Other Income/Expense, Net -$616.0K -$597.0K -$7.113M
YoY Change -20.21% -91.61% 78.67%
Pretax Income -$8.620M -$7.090M -$11.49M
YoY Change 25.29% -38.29% 13.09%
Income Tax
% Of Pretax Income
Net Earnings -$8.619M -$7.090M -$11.49M
YoY Change 25.28% -38.3% 13.13%
Net Earnings / Revenue -141.06% -139.4% -122.0%
Basic Earnings Per Share
Diluted Earnings Per Share -$664.6K -$596.3K -$7.181M
COMMON SHARES
Basic Shares Outstanding 13.42M 24.19M
Diluted Shares Outstanding 1.187M

Balance Sheet

Concept 2019 Q3 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.90M $29.20M $27.00M
YoY Change -45.43% 8.15% 65.64%
Cash & Equivalents $80.60M $29.16M $27.03M
Short-Term Investments
Other Short-Term Assets $1.600M $1.500M $15.30M
YoY Change 60.0% -90.2% 1430.0%
Inventory $2.962M $3.329M $3.846M
Prepaid Expenses $889.0K
Receivables $378.0K $166.0K $1.443M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $25.84M $34.12M $47.58M
YoY Change -40.18% -28.28% 107.76%
LONG-TERM ASSETS
Property, Plant & Equipment $67.15M $68.00M $67.18M
YoY Change 0.44% 1.22% -8.22%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.500M
YoY Change
Other Assets $600.0K $1.300M $1.300M
YoY Change -53.85% 0.0% 62.5%
Total Long-Term Assets $69.63M $69.67M $68.45M
YoY Change 2.15% 1.78% -7.62%
TOTAL ASSETS
Total Short-Term Assets $25.84M $34.12M $47.58M
Total Long-Term Assets $69.63M $69.67M $68.45M
Total Assets $95.47M $103.8M $116.0M
YoY Change -14.28% -10.55% 19.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.500M $1.600M $1.100M
YoY Change -16.67% 45.45% -21.43%
Accrued Expenses $2.800M $2.700M $2.400M
YoY Change 0.0% 12.5% -27.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $13.60M $13.40M
YoY Change
Total Short-Term Liabilities $18.10M $17.69M $4.290M
YoY Change 224.34% 312.38% -72.85%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $11.70M
YoY Change -100.0% -100.0% -12.69%
Other Long-Term Liabilities $450.0K $505.0K $414.0K
YoY Change 10.57% 21.98% 107.0%
Total Long-Term Liabilities $450.0K $505.0K $414.0K
YoY Change 10.57% 21.98% -96.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.10M $17.69M $4.290M
Total Long-Term Liabilities $450.0K $505.0K $414.0K
Total Liabilities $18.55M $18.20M $16.44M
YoY Change 2.24% 10.71% -44.1%
SHAREHOLDERS EQUITY
Retained Earnings -$451.2M -$442.6M -$415.3M
YoY Change 6.86% 6.55%
Common Stock $133.0K $119.0K $80.00K
YoY Change 64.2% 48.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $76.92M $85.60M $99.60M
YoY Change
Total Liabilities & Shareholders Equity $95.47M $103.8M $116.0M
YoY Change -14.28% -10.55% 19.62%

Cashflow Statement

Concept 2019 Q3 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income -$8.619M -$7.090M -$11.49M
YoY Change 25.28% -38.3% 13.13%
Depreciation, Depletion And Amortization $1.608M $1.611M $1.640M
YoY Change -0.12% -1.77% -1.2%
Cash From Operating Activities -$5.150M -$3.940M -$3.460M
YoY Change 120.09% 13.87% -35.08%
INVESTING ACTIVITIES
Capital Expenditures -$1.220M -$2.360M -$30.00K
YoY Change 46.99% 7766.67% -95.38%
Acquisitions
YoY Change
Other Investing Activities -$1.480M
YoY Change
Cash From Investing Activities -$2.700M -$2.360M -$30.00K
YoY Change 225.3% 7766.67% -95.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -360.0K -10.00K 23.49M
YoY Change -102.49% -100.04% -3317.81%
NET CHANGE
Cash From Operating Activities -5.150M -3.940M -3.460M
Cash From Investing Activities -2.700M -2.360M -30.00K
Cash From Financing Activities -360.0K -10.00K 23.49M
Net Change In Cash -8.210M -6.310M 20.00M
YoY Change -172.65% -131.55% -398.06%
FREE CASH FLOW
Cash From Operating Activities -$5.150M -$3.940M -$3.460M
Capital Expenditures -$1.220M -$2.360M -$30.00K
Free Cash Flow -$3.930M -$1.580M -$3.430M
YoY Change 160.26% -53.94% -26.71%

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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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1363394

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