2019 Q1 Form 10-Q Financial Statement

#000143472819000121 Filed on May 09, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $7.723M $7.425M
YoY Change 4.01% 9.34%
Cost Of Revenue $420.0K $360.0K
YoY Change 16.67% 0.0%
Gross Profit $7.310M $7.070M
YoY Change 3.39% 9.95%
Gross Profit Margin 94.65% 95.22%
Selling, General & Admin $4.100M $3.910M
YoY Change 4.86% 6.25%
% of Gross Profit 56.09% 55.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.011M $1.799M
YoY Change 11.78% 9.3%
% of Gross Profit 27.51% 25.45%
Operating Expenses $6.524M $6.061M
YoY Change 7.64% 6.52%
Operating Profit $1.199M $1.364M
YoY Change -12.1% 23.89%
Interest Expense $1.360M $1.231M
YoY Change 10.48% -6.17%
% of Operating Profit 113.43% 90.25%
Other Income/Expense, Net -$208.0K -$903.0K
YoY Change -76.97% 21.7%
Pretax Income $991.0K $500.0K
YoY Change 98.2% 39.28%
Income Tax -$300.0K $141.0K
% Of Pretax Income -30.27% 28.2%
Net Earnings $649.0K $320.0K
YoY Change 102.81% 69.31%
Net Earnings / Revenue 8.4% 4.31%
Basic Earnings Per Share $0.03 $0.02
Diluted Earnings Per Share $0.03 $0.02
COMMON SHARES
Basic Shares Outstanding 21.47M shares 19.63M shares
Diluted Shares Outstanding 21.49M shares 19.67M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.30M $6.900M
YoY Change 92.75% -53.38%
Cash & Equivalents $13.30M $6.915M
Short-Term Investments
Other Short-Term Assets $800.0K $700.0K
YoY Change 14.29% -12.5%
Inventory
Prepaid Expenses
Receivables $1.335M $1.354M
Other Receivables $400.0K $400.0K
Total Short-Term Assets $17.81M $11.22M
YoY Change 58.81% -40.99%
LONG-TERM ASSETS
Property, Plant & Equipment $226.7M $212.8M
YoY Change 6.55% 2.64%
Goodwill $2.642M
YoY Change
Intangibles $12.97M $12.77M
YoY Change 1.57% 0.0%
Long-Term Investments $9.000K $234.0K
YoY Change -96.15% -61.13%
Other Assets $17.97M $15.41M
YoY Change 16.58% 12.59%
Total Long-Term Assets $244.7M $228.2M
YoY Change 7.23% 3.23%
TOTAL ASSETS
Total Short-Term Assets $17.81M $11.22M
Total Long-Term Assets $244.7M $228.2M
Total Assets $262.5M $239.4M
YoY Change 9.64% -0.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $316.0K $1.576M
YoY Change -79.95% -48.14%
Accrued Expenses $8.083M $7.832M
YoY Change 3.2% -7.45%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $100.0K $0.00
YoY Change
Total Short-Term Liabilities $9.938M $10.82M
YoY Change -8.13% -16.28%
LONG-TERM LIABILITIES
Long-Term Debt $114.6M $115.1M
YoY Change -0.43% 0.09%
Other Long-Term Liabilities $680.0K $579.0K
YoY Change 17.44% -35.38%
Total Long-Term Liabilities $225.5M $214.7M
YoY Change 5.03% 0.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.938M $10.82M
Total Long-Term Liabilities $225.5M $214.7M
Total Liabilities $235.4M $225.5M
YoY Change 4.4% -0.26%
SHAREHOLDERS EQUITY
Retained Earnings $0.00 $696.0K
YoY Change -100.0% -117.46%
Common Stock $27.05M $13.19M
YoY Change 105.06% -26.47%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.000K
YoY Change
Treasury Stock Shares 59.17K shares
Shareholders Equity $27.05M $13.89M
YoY Change
Total Liabilities & Shareholders Equity $262.5M $239.4M
YoY Change 9.64% -0.27%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $649.0K $320.0K
YoY Change 102.81% 69.31%
Depreciation, Depletion And Amortization $2.011M $1.799M
YoY Change 11.78% 9.3%
Cash From Operating Activities $3.784M $3.987M
YoY Change -5.09% 89.95%
INVESTING ACTIVITIES
Capital Expenditures $1.798M $1.101M
YoY Change 63.31% -83.07%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$64.00K
YoY Change -100.0% -1380.0%
Cash From Investing Activities -$1.798M -$1.037M
YoY Change 73.38% -84.08%
FINANCING ACTIVITIES
Cash Dividend Paid $1.537M $1.391M
YoY Change 10.5% 5.22%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.438M -$1.221M
YoY Change 17.77% -4.46%
NET CHANGE
Cash From Operating Activities $3.784M $3.987M
Cash From Investing Activities -$1.798M -$1.037M
Cash From Financing Activities -$1.438M -$1.221M
Net Change In Cash $548.0K $1.729M
YoY Change -68.31% -130.38%
FREE CASH FLOW
Cash From Operating Activities $3.784M $3.987M
Capital Expenditures $1.798M $1.101M
Free Cash Flow $1.986M $2.886M
YoY Change -31.19% -165.5%

Facts In Submission

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16000 USD

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