2024 Q3 Form 10-Q Financial Statement

#000149028124000122 Filed on July 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $114.5M $124.6M
YoY Change -9.48% -3.48%
Cost Of Revenue $11.58M $11.95M
YoY Change -26.66% -25.99%
Gross Profit $102.9M $112.7M
YoY Change -7.03% -0.26%
Gross Profit Margin 89.88% 90.41%
Selling, General & Admin $71.33M $77.21M
YoY Change -10.86% -19.79%
% of Gross Profit 69.32% 68.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.895M $7.940M
YoY Change -44.84% -40.04%
% of Gross Profit 6.7% 7.05%
Operating Expenses $108.5M $108.3M
YoY Change -2.39% -8.09%
Operating Profit -$5.586M $4.358M
YoY Change 1103.88% -189.38%
Interest Expense $22.43M -$4.483M
YoY Change 691.43% -181.6%
% of Operating Profit -102.87%
Other Income/Expense, Net $22.43M -$4.483M
YoY Change -156.75% -6.7%
Pretax Income $16.84M -$125.0K
YoY Change -142.12% -98.71%
Income Tax $2.321M $9.287M
% Of Pretax Income 13.78%
Net Earnings $13.93M -$10.04M
YoY Change -133.68% -20.4%
Net Earnings / Revenue 12.17% -8.05%
Basic Earnings Per Share $0.35 -$0.25
Diluted Earnings Per Share $0.33 -$0.25
COMMON SHARES
Basic Shares Outstanding 39.74M shares 39.54M shares
Diluted Shares Outstanding 45.01M shares 39.43M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $159.7M $178.1M
YoY Change 85.49% 50.74%
Cash & Equivalents $159.7M $178.1M
Short-Term Investments
Other Short-Term Assets $4.486M $5.129M
YoY Change -8.95% -45.91%
Inventory
Prepaid Expenses $10.81M $13.10M
Receivables $40.13M $41.60M
Other Receivables $2.582M $3.148M
Total Short-Term Assets $246.6M $271.3M
YoY Change 45.61% 41.05%
LONG-TERM ASSETS
Property, Plant & Equipment $23.16M $25.66M
YoY Change -42.25% -48.16%
Goodwill $178.7M $178.7M
YoY Change 0.0% 0.0%
Intangibles $5.170M $5.543M
YoY Change -59.48% -61.95%
Long-Term Investments $74.82M $74.82M
YoY Change -20.15% -37.41%
Other Assets $7.705M $5.459M
YoY Change -51.4% -70.92%
Total Long-Term Assets $301.4M $301.6M
YoY Change -14.98% -23.64%
TOTAL ASSETS
Total Short-Term Assets $246.6M $271.3M
Total Long-Term Assets $301.4M $301.6M
Total Assets $548.0M $572.8M
YoY Change 4.61% -2.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.75M $10.82M
YoY Change 21.71% -46.23%
Accrued Expenses $185.9M $215.0M
YoY Change -8.81% -3.69%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $264.2M $289.9M
YoY Change -19.29% -20.4%
LONG-TERM LIABILITIES
Long-Term Debt $227.7M $227.3M
YoY Change 0.69% 0.69%
Other Long-Term Liabilities $14.97M $14.22M
YoY Change -9.63% -16.33%
Total Long-Term Liabilities $14.97M $14.22M
YoY Change -9.63% -16.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $264.2M $289.9M
Total Long-Term Liabilities $14.97M $14.22M
Total Liabilities $507.8M $532.4M
YoY Change -11.4% -13.01%
SHAREHOLDERS EQUITY
Retained Earnings -$1.458B -$1.472B
YoY Change -1.31% 2.5%
Common Stock $5.000K $5.000K
YoY Change 25.0% 25.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $39.99M $40.23M
YoY Change
Total Liabilities & Shareholders Equity $548.0M $572.8M
YoY Change 4.61% -2.45%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $13.93M -$10.04M
YoY Change -133.68% -20.4%
Depreciation, Depletion And Amortization $6.895M $7.940M
YoY Change -44.84% -40.04%
Cash From Operating Activities -$16.26M $15.30M
YoY Change 16.96% -136.16%
INVESTING ACTIVITIES
Capital Expenditures $3.442M $4.697M
YoY Change -36.26% 63.66%
Acquisitions
YoY Change
Other Investing Activities $0.00 $9.000M
YoY Change 2225.58%
Cash From Investing Activities -$3.442M $4.303M
YoY Change -37.42% -273.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -691.0K -1.721M
YoY Change -162.82% -41.44%
NET CHANGE
Cash From Operating Activities -16.26M 15.30M
Cash From Investing Activities -3.442M 4.303M
Cash From Financing Activities -691.0K -1.721M
Net Change In Cash -20.39M 17.88M
YoY Change 11.43% -137.46%
FREE CASH FLOW
Cash From Operating Activities -$16.26M $15.30M
Capital Expenditures $3.442M $4.697M
Free Cash Flow -$19.70M $10.60M
YoY Change 2.07% -123.47%

Facts In Submission

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<div style="margin-bottom:12pt;padding-left:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain reclassifications have been made to the Condensed Consolidated Financial Statements of prior periods to conform to the current period presentation.</span></div>
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R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable