2022 Q1 Form 10-Q Financial Statement

#000094511422000037 Filed on May 06, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $288.6M $251.1M
YoY Change 14.93% 10.47%
Cost Of Revenue $180.8M $173.8M
YoY Change 4.03% 15.41%
Gross Profit $107.8M $77.30M
YoY Change 39.46% 0.78%
Gross Profit Margin 37.35% 30.78%
Selling, General & Admin $78.30M $70.70M
YoY Change 10.75% 8.44%
% of Gross Profit 72.63% 91.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $900.0K $1.000M
YoY Change -10.0% -9.09%
% of Gross Profit 0.83% 1.29%
Operating Expenses $78.30M $70.70M
YoY Change 10.75% 8.44%
Operating Profit $29.50M $6.600M
YoY Change 346.97% -42.61%
Interest Expense -$400.0K -$100.0K
YoY Change 300.0% -50.0%
% of Operating Profit -1.36% -1.52%
Other Income/Expense, Net
YoY Change
Pretax Income $29.10M $6.500M
YoY Change 347.69% -42.48%
Income Tax $7.300M $1.000M
% Of Pretax Income 25.09% 15.38%
Net Earnings $22.00M $15.20M
YoY Change 44.74% 85.37%
Net Earnings / Revenue 7.62% 6.05%
Basic Earnings Per Share $0.58 $0.41
Diluted Earnings Per Share $0.58 $0.39
COMMON SHARES
Basic Shares Outstanding 37.90M shares 37.70M shares
Diluted Shares Outstanding 38.10M shares 37.90M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.60M $36.90M
YoY Change -60.43% -42.43%
Cash & Equivalents $14.60M $36.90M
Short-Term Investments
Other Short-Term Assets $7.100M $6.600M
YoY Change 7.58% 15.79%
Inventory $204.4M $134.7M
Prepaid Expenses
Receivables $118.9M $104.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $345.0M $282.9M
YoY Change 21.95% 3.85%
LONG-TERM ASSETS
Property, Plant & Equipment $16.70M $16.60M
YoY Change 0.6% -2.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.30M $2.700M
YoY Change 281.48% 125.0%
Total Long-Term Assets $101.4M $108.6M
YoY Change -6.63% 22.16%
TOTAL ASSETS
Total Short-Term Assets $345.0M $282.9M
Total Long-Term Assets $101.4M $108.6M
Total Assets $446.4M $391.5M
YoY Change 14.02% 8.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $123.0M $142.2M
YoY Change -13.5% 20.61%
Accrued Expenses $48.60M $42.60M
YoY Change 14.08% 15.14%
Deferred Revenue
YoY Change
Short-Term Debt $25.00M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $207.1M $194.6M
YoY Change 6.42% 18.3%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.700M $4.500M
YoY Change -40.0% 60.71%
Total Long-Term Liabilities $2.700M $4.500M
YoY Change -40.0% 60.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $207.1M $194.6M
Total Long-Term Liabilities $2.700M $4.500M
Total Liabilities $275.6M $274.1M
YoY Change 0.55% 22.58%
SHAREHOLDERS EQUITY
Retained Earnings -$10.30M -$57.30M
YoY Change -82.02% 77.4%
Common Stock $400.0K $400.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $19.80M $22.30M
YoY Change -11.21% -5.11%
Treasury Stock Shares
Shareholders Equity $170.8M $117.4M
YoY Change
Total Liabilities & Shareholders Equity $446.4M $391.5M
YoY Change 14.02% 8.36%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $22.00M $15.20M
YoY Change 44.74% 85.37%
Depreciation, Depletion And Amortization $900.0K $1.000M
YoY Change -10.0% -9.09%
Cash From Operating Activities -$14.10M $20.90M
YoY Change -167.46% 53.68%
INVESTING ACTIVITIES
Capital Expenditures $1.100M $900.0K
YoY Change 22.22% 200.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.100M -$900.0K
YoY Change 22.22% 200.0%
FINANCING ACTIVITIES
Cash Dividend Paid $7.000M $6.400M
YoY Change 9.38% -85.22%
Common Stock Issuance & Retirement, Net $700.0K -$2.300M
YoY Change -130.43% -174.19%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $14.40M -$5.500M
YoY Change -361.82% -88.12%
NET CHANGE
Cash From Operating Activities -$14.10M $20.90M
Cash From Investing Activities -$1.100M -$900.0K
Cash From Financing Activities $14.40M -$5.500M
Net Change In Cash -$800.0K $14.50M
YoY Change -105.52% -143.81%
FREE CASH FLOW
Cash From Operating Activities -$14.10M $20.90M
Capital Expenditures $1.100M $900.0K
Free Cash Flow -$15.20M $20.00M
YoY Change -176.0% 50.38%

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14600000 USD
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100000 USD
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500000 USD
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400000 USD
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2800000 USD
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21800000 USD
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5500000 USD
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100000 USD
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CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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21700000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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5500000 USD
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100000 USD
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100000 USD
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5500000 USD
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37900000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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37700000 shares
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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200000 shares
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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200000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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38100000 shares
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37900000 shares
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0.57
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0.57
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0.14
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200000 USD
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9700000 USD
CY2022Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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0.01
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0.26
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0.01
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0.25
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0.58
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1 reporting_unit
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0.41
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0.58
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0.39
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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100000 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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200000 shares
CY2022Q1 us-gaap Letters Of Credit Outstanding Amount
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1500000 USD

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