2021 Q3 Form 10-Q Financial Statement
#000121390021058775 Filed on November 12, 2021
Income Statement
| Concept | 2021 Q3 | 2020 Q4 |
|---|---|---|
| Revenue | $23.08M | $23.90M |
| YoY Change | 39.74% | |
| Cost Of Revenue | $17.99M | $19.29M |
| YoY Change | 37.1% | |
| Gross Profit | $5.097M | $4.610M |
| YoY Change | 49.92% | |
| Gross Profit Margin | 22.08% | 19.29% |
| Selling, General & Admin | $1.454M | $1.090M |
| YoY Change | 146.36% | |
| % of Gross Profit | 28.52% | 23.64% |
| Research & Development | $1.372M | $780.0K |
| YoY Change | 145.04% | |
| % of Gross Profit | 26.92% | 16.92% |
| Depreciation & Amortization | $625.9K | $690.0K |
| YoY Change | 6.09% | -70.0% |
| % of Gross Profit | 12.28% | 14.97% |
| Operating Expenses | $3.046M | $1.860M |
| YoY Change | 162.57% | |
| Operating Profit | $2.052M | $2.750M |
| YoY Change | -8.41% | |
| Interest Expense | -$101.8K | $1.810M |
| YoY Change | -36.39% | |
| % of Operating Profit | -4.96% | 65.82% |
| Other Income/Expense, Net | $231.5K | $1.420M |
| YoY Change | -118.23% | |
| Pretax Income | $2.181M | $5.890M |
| YoY Change | 169.3% | |
| Income Tax | $927.8K | $1.780M |
| % Of Pretax Income | 42.53% | 30.22% |
| Net Earnings | $1.028M | $5.030M |
| YoY Change | 389.69% | |
| Net Earnings / Revenue | 4.45% | 21.05% |
| Basic Earnings Per Share | $0.09 | |
| Diluted Earnings Per Share | $90.43K | $498.0K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 11.33M shares | |
| Diluted Shares Outstanding | 11.33M shares |
Balance Sheet
| Concept | 2021 Q3 | 2020 Q4 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $9.521M | $7.200M |
| YoY Change | -8.45% | 242.86% |
| Cash & Equivalents | $9.021M | $9.403M |
| Short-Term Investments | $500.0K | |
| Other Short-Term Assets | $6.937M | $3.300M |
| YoY Change | 593.72% | -17.5% |
| Inventory | $20.61M | $15.40M |
| Prepaid Expenses | ||
| Receivables | $21.32M | $12.40M |
| Other Receivables | $76.05M | $69.30M |
| Total Short-Term Assets | $134.4M | $107.6M |
| YoY Change | 125.2% | 34.16% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $19.40M | $20.10M |
| YoY Change | -2.5% | -2.43% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $4.210M | $4.200M |
| YoY Change | -4.31% | -19.23% |
| Total Long-Term Assets | $23.62M | $24.40M |
| YoY Change | -61.6% | -7.22% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $134.4M | $107.6M |
| Total Long-Term Assets | $23.62M | $24.40M |
| Total Assets | $158.1M | $132.0M |
| YoY Change | 30.41% | 23.94% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $28.29M | $22.00M |
| YoY Change | 30.96% | 49.66% |
| Accrued Expenses | $147.4K | $500.0K |
| YoY Change | -50.85% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $51.55M | $44.90M |
| YoY Change | 33.55% | 40.75% |
| Long-Term Debt Due | $390.3K | $800.0K |
| YoY Change | -44.24% | -70.37% |
| Total Short-Term Liabilities | $89.34M | $78.80M |
| YoY Change | 33.55% | 40.71% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $200.0K | |
| YoY Change | -84.62% | |
| Other Long-Term Liabilities | $2.240M | $2.300M |
| YoY Change | -2.63% | 4.55% |
| Total Long-Term Liabilities | $0.00 | $2.500M |
| YoY Change | -100.0% | -28.57% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $89.34M | $78.80M |
| Total Long-Term Liabilities | $0.00 | $2.500M |
| Total Liabilities | $98.47M | $87.10M |
| YoY Change | 25.29% | 28.28% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | $0.00 | $0.00 |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $59.58M | $44.90M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $158.1M | $132.0M |
| YoY Change | 30.41% | 23.94% |
Cashflow Statement
| Concept | 2021 Q3 | 2020 Q4 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $1.028M | $5.030M |
| YoY Change | 389.69% | |
| Depreciation, Depletion And Amortization | $625.9K | $690.0K |
| YoY Change | 6.09% | -70.0% |
| Cash From Operating Activities | -$5.086M | $500.0K |
| YoY Change | 93.38% | -94.39% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $420.0K | $640.0K |
| YoY Change | -129.22% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$382.4K | -$640.0K |
| YoY Change | -2011.9% | -162.14% |
| Cash From Investing Activities | -$382.4K | -$640.0K |
| YoY Change | -2011.9% | -44.83% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 600.2K | 110.0K |
| YoY Change | -88.59% | -101.04% |
| NET CHANGE | ||
| Cash From Operating Activities | -5.086M | 500.0K |
| Cash From Investing Activities | -382.4K | -640.0K |
| Cash From Financing Activities | 600.2K | 110.0K |
| Net Change In Cash | -4.868M | -30.00K |
| YoY Change | -283.71% | -98.92% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$5.086M | $500.0K |
| Capital Expenditures | $420.0K | $640.0K |
| Free Cash Flow | -$5.506M | -$140.0K |
| YoY Change | 109.35% | -101.26% |
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