2013 Form 10-K Financial Statement
#000156276214000056 Filed on March 12, 2014
Income Statement
| Concept | 2013 | 2012 Q4 | 2012 Q3 |
|---|---|---|---|
| Revenue | $223.8M | $55.04M | $55.65M |
| YoY Change | 0.49% | 39.48% | -5.37% |
| Cost Of Revenue | $153.9M | $37.13M | $37.51M |
| YoY Change | 3.36% | 57.33% | -4.41% |
| Gross Profit | $69.90M | $17.91M | $18.14M |
| YoY Change | -5.28% | 12.93% | -7.31% |
| Gross Profit Margin | 31.23% | 32.54% | 32.6% |
| Selling, General & Admin | $54.20M | $13.75M | $13.92M |
| YoY Change | -4.91% | 19.98% | -7.57% |
| % of Gross Profit | 77.54% | 76.77% | 76.74% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $2.480M | $620.0K | $630.0K |
| YoY Change | -5.7% | -22.5% | -5.97% |
| % of Gross Profit | 3.55% | 3.46% | 3.47% |
| Operating Expenses | $54.20M | $13.75M | $13.92M |
| YoY Change | -4.91% | 19.98% | -7.63% |
| Operating Profit | $15.70M | $4.160M | $4.220M |
| YoY Change | -6.55% | -5.45% | -6.22% |
| Interest Expense | -$500.0K | -$160.0K | -$190.0K |
| YoY Change | -16.67% | -1700.0% | -2000.0% |
| % of Operating Profit | -3.18% | -3.85% | -4.5% |
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $15.30M | $3.890M | $4.340M |
| YoY Change | -6.71% | -11.79% | -3.98% |
| Income Tax | $6.400M | -$2.740M | $1.750M |
| % Of Pretax Income | 41.83% | -70.44% | 40.32% |
| Net Earnings | $8.700M | $6.683M | $2.636M |
| YoY Change | -47.9% | -31.03% | -40.09% |
| Net Earnings / Revenue | 3.89% | 12.14% | 4.74% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | $271.0K | $214.7K | $83.84K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 30.28M | 29.40M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2013 | 2012 Q4 | 2012 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $18.20M | $16.90M | $14.50M |
| YoY Change | 7.69% | -48.63% | -18.99% |
| Cash & Equivalents | $18.20M | $16.90M | $14.50M |
| Short-Term Investments | |||
| Other Short-Term Assets | $7.400M | $7.000M | $7.400M |
| YoY Change | 5.71% | -24.73% | 39.62% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $34.00M | $36.90M | $36.50M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $59.60M | $60.90M | $58.50M |
| YoY Change | -2.13% | -21.42% | -2.82% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $13.00M | $12.90M | $12.70M |
| YoY Change | 0.78% | 10.26% | 13.39% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $500.0K | $4.000M | $2.400M |
| YoY Change | -83.33% | 48.15% | -38.46% |
| Total Long-Term Assets | $90.70M | $93.00M | $91.30M |
| YoY Change | -2.47% | 3.45% | -0.22% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $59.60M | $60.90M | $58.50M |
| Total Long-Term Assets | $90.70M | $93.00M | $91.30M |
| Total Assets | $150.3M | $153.9M | $149.8M |
| YoY Change | -2.34% | -8.06% | -1.25% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $8.100M | $7.700M | $5.200M |
| YoY Change | 5.19% | 4.05% | -22.39% |
| Accrued Expenses | $17.30M | $26.50M | $25.40M |
| YoY Change | -7.98% | -5.36% | 6.28% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $0.00 | $2.900M | $4.300M |
| YoY Change | -100.0% | ||
| Total Short-Term Liabilities | $33.70M | $37.10M | $34.80M |
| YoY Change | -9.16% | 4.51% | 13.36% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $19.00M | $22.10M | $23.70M |
| YoY Change | -14.03% | ||
| Other Long-Term Liabilities | |||
| YoY Change | |||
| Total Long-Term Liabilities | $19.00M | $22.10M | $23.70M |
| YoY Change | -14.03% | ||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $33.70M | $37.10M | $34.80M |
| Total Long-Term Liabilities | $19.00M | $22.10M | $23.70M |
| Total Liabilities | $57.10M | $59.20M | $59.90M |
| YoY Change | -3.55% | 59.14% | 79.88% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $93.20M | $94.70M | $89.90M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $150.3M | $153.9M | $149.8M |
| YoY Change | -2.34% | -8.06% | -1.25% |
Cashflow Statement
| Concept | 2013 | 2012 Q4 | 2012 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $8.700M | $6.683M | $2.636M |
| YoY Change | -47.9% | -31.03% | -40.09% |
| Depreciation, Depletion And Amortization | $2.480M | $620.0K | $630.0K |
| YoY Change | -5.7% | -22.5% | -5.97% |
| Cash From Operating Activities | $25.43M | $9.220M | $4.850M |
| YoY Change | 24.96% | -45.6% | -29.51% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$2.070M | -$690.0K | -$460.0K |
| YoY Change | -36.31% | -11.54% | -77.78% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $330.0K | $0.00 | $0.00 |
| YoY Change | 65.0% | -100.0% | |
| Cash From Investing Activities | -$1.740M | -$690.0K | -$460.0K |
| YoY Change | -42.95% | 1050.0% | -77.78% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -22.42M | -6.080M | -3.690M |
| YoY Change | -32.87% | 211.79% | 11.14% |
| NET CHANGE | |||
| Cash From Operating Activities | 25.43M | 9.220M | 4.850M |
| Cash From Investing Activities | -1.740M | -690.0K | -460.0K |
| Cash From Financing Activities | -22.42M | -6.080M | -3.690M |
| Net Change In Cash | 1.270M | 2.450M | 700.0K |
| YoY Change | -107.89% | -83.6% | -53.02% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $25.43M | $9.220M | $4.850M |
| Capital Expenditures | -$2.070M | -$690.0K | -$460.0K |
| Free Cash Flow | $27.50M | $9.910M | $5.310M |
| YoY Change | 16.53% | -44.11% | -40.67% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2013 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
30283298 | |
| CY2012Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3533000 | |
| CY2012Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3845000 | |
| CY2012Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2636000 | |
| CY2012Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
6683000 |
