2020 Q3 Form 10-K Financial Statement

#000156459021012796 Filed on March 12, 2021

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q4 2019 Q3
Revenue $57.92M $69.11M $72.69M
YoY Change -20.32% 8.54% -1.4%
Cost Of Revenue $39.70M $45.43M $48.27M
YoY Change -17.75% 13.29% -0.06%
Gross Profit $18.22M $23.68M $24.42M
YoY Change -25.39% 0.47% -3.9%
Gross Profit Margin 31.46% 34.26% 33.59%
Selling, General & Admin $13.69M $15.42M $15.13M
YoY Change -9.52% 7.76% -7.52%
% of Gross Profit 75.14% 65.12% 61.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.160M $1.140M $1.120M
YoY Change 3.57% -4.2% -10.4%
% of Gross Profit 6.37% 4.81% 4.59%
Operating Expenses $13.69M $15.66M $15.13M
YoY Change -9.52% 9.43% -7.52%
Operating Profit $4.527M $3.593M $9.396M
YoY Change -51.82% 28.46% 13.84%
Interest Expense -$20.00K -$40.00K -$60.00K
YoY Change -66.67% -66.67% -62.5%
% of Operating Profit -0.44% -1.11% -0.64%
Other Income/Expense, Net
YoY Change
Pretax Income $3.143M $2.287M $6.907M
YoY Change -54.5% -15.76% 21.8%
Income Tax $1.400M $1.260M $2.400M
% Of Pretax Income 44.54% 55.09% 34.75%
Net Earnings $2.986M $2.285M $6.909M
YoY Change -56.78% -1780.15% 33.97%
Net Earnings / Revenue 5.16% 3.31% 9.5%
Basic Earnings Per Share $0.10 $0.08 $0.23
Diluted Earnings Per Share $0.09 $0.07 $0.21
COMMON SHARES
Basic Shares Outstanding 30.05M 29.88M
Diluted Shares Outstanding 32.40M 32.57M

Balance Sheet

Concept 2020 Q3 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $43.20M $26.00M $16.40M
YoY Change 163.41% 88.41% 24.24%
Cash & Equivalents $43.17M $25.95M $16.42M
Short-Term Investments
Other Short-Term Assets $3.400M $2.900M $3.700M
YoY Change -8.11% -34.09% 0.0%
Inventory
Prepaid Expenses
Receivables $36.20M $49.80M $57.90M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $82.70M $78.63M $78.00M
YoY Change 6.03% 7.57% 5.7%
LONG-TERM ASSETS
Property, Plant & Equipment $27.30M $19.92M $29.40M
YoY Change -7.14% 0.84% 20.92%
Goodwill $84.58M
YoY Change 0.44%
Intangibles $2.116M
YoY Change -31.52%
Long-Term Investments
YoY Change
Other Assets $1.800M $2.652M $2.800M
YoY Change -35.71% -28.4% -36.16%
Total Long-Term Assets $113.4M $115.1M $115.9M
YoY Change -2.16% 6.92% 2.28%
TOTAL ASSETS
Total Short-Term Assets $82.70M $78.63M $78.00M
Total Long-Term Assets $113.4M $115.1M $115.9M
Total Assets $196.1M $193.7M $193.9M
YoY Change 1.13% 7.18% 3.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.000M $8.494M $5.200M
YoY Change -3.85% 14.34% 1.58%
Accrued Expenses $24.10M $17.20M $20.70M
YoY Change 16.43% -9.95% -5.05%
Deferred Revenue $9.992M $9.583M $9.827M
YoY Change 1.68% 16.03%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $45.10M $43.68M $39.40M
YoY Change 14.47% -1.23% 0.55%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $2.500M
YoY Change -100.0% -100.0% -78.26%
Other Long-Term Liabilities $5.600M $5.300M $5.600M
YoY Change 0.0% 2700.0%
Total Long-Term Liabilities $5.600M $5.300M $8.100M
YoY Change -30.86% -18.46% -30.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.10M $43.68M $39.40M
Total Long-Term Liabilities $5.600M $5.300M $8.100M
Total Liabilities $57.50M $56.12M $55.20M
YoY Change 4.17% -1.82% -6.02%
SHAREHOLDERS EQUITY
Retained Earnings -$13.71M
YoY Change -46.06%
Common Stock $303.8M
YoY Change 2.27%
Preferred Stock
YoY Change
Treasury Stock (at cost) $141.9M
YoY Change 3.87%
Treasury Stock Shares $27.43M $27.28M
Shareholders Equity $138.6M $137.6M $138.7M
YoY Change
Total Liabilities & Shareholders Equity $196.1M $193.7M $193.9M
YoY Change 1.13% 7.18% 3.63%

Cashflow Statement

Concept 2020 Q3 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income $2.986M $2.285M $6.909M
YoY Change -56.78% -1780.15% 33.97%
Depreciation, Depletion And Amortization $1.160M $1.140M $1.120M
YoY Change 3.57% -4.2% -10.4%
Cash From Operating Activities $10.09M $15.82M $8.510M
YoY Change 18.57% 96.28% -10.61%
INVESTING ACTIVITIES
Capital Expenditures -$150.0K -$850.0K -$900.0K
YoY Change -83.33% -64.14% -57.35%
Acquisitions
YoY Change
Other Investing Activities -$1.010M
YoY Change
Cash From Investing Activities -$150.0K -$1.860M -$900.0K
YoY Change -83.33% -21.52% -57.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.130M -4.390M -7.880M
YoY Change -47.59% -14.42% 4.93%
NET CHANGE
Cash From Operating Activities 10.09M 15.82M 8.510M
Cash From Investing Activities -150.0K -1.860M -900.0K
Cash From Financing Activities -4.130M -4.390M -7.880M
Net Change In Cash 5.810M 9.570M -270.0K
YoY Change -2251.85% 1608.93% 170.0%
FREE CASH FLOW
Cash From Operating Activities $10.09M $15.82M $8.510M
Capital Expenditures -$150.0K -$850.0K -$900.0K
Free Cash Flow $10.24M $16.67M $9.410M
YoY Change 8.82% 59.83% -19.09%

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DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
2000
CY2019Q4 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-2000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
7094000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
6989000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
6909000
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
2285000
CY2019Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.24
CY2019Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.23
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2019Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.07
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2020Q2 us-gaap Restructuring Charges
RestructuringCharges
5000000.0
us-gaap Asset Impairment Charges
AssetImpairmentCharges
3900000
us-gaap Restructuring Charges
RestructuringCharges
1600000
CY2019Q4 us-gaap Restructuring Charges
RestructuringCharges
3300000

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