2014 Q1 Form 10-Q Financial Statement

#000144530514002097 Filed on May 13, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q4 2013 Q1
Revenue $38.29M $86.12M $29.53M
YoY Change 29.64% 86018.0% 29433.0%
Cost Of Revenue $26.01M $127.9M $20.91M
YoY Change 24.41% 127800.0%
Gross Profit $12.28M $26.74M $8.625M
YoY Change 42.33% 26636.0%
Gross Profit Margin 32.06% 31.05% 29.2%
Selling, General & Admin $10.57M $38.90M $8.076M
YoY Change 30.92% 4222.22% 1053.71%
% of Gross Profit 86.13% 145.5% 93.63%
Research & Development $1.998M $3.200M $887.0K
YoY Change 125.25% 700.0% 195.67%
% of Gross Profit 16.28% 11.97% 10.28%
Depreciation & Amortization $1.814M $5.340M $936.0K
YoY Change 93.8% 8800.0% 2240.0%
% of Gross Profit 14.78% 19.97% 10.85%
Operating Expenses $16.80M $42.10M $8.963M
YoY Change 87.43% 3138.46% 796.3%
Operating Profit -$4.523M -$15.36M -$338.0K
YoY Change 1238.17% 1180.33% -66.2%
Interest Expense $4.240M -$6.600M $1.314M
YoY Change 222.68%
% of Operating Profit
Other Income/Expense, Net -$4.215M $0.00 -$1.703M
YoY Change 147.5%
Pretax Income -$8.738M $1.300M -$2.041M
YoY Change 328.12% -200.0% 104.1%
Income Tax -$5.832M $1.100M $263.0K
% Of Pretax Income 84.62%
Net Earnings -$2.906M $881.0K -$2.304M
YoY Change 26.13% -167.77% 130.4%
Net Earnings / Revenue -7.59% 1.02% -7.8%
Basic Earnings Per Share -$0.09 $0.07 -$0.18
Diluted Earnings Per Share -$0.09 $0.07 -$0.18
COMMON SHARES
Basic Shares Outstanding 33.72M shares 12.70M shares
Diluted Shares Outstanding 33.72M shares 12.70M shares

Balance Sheet

Concept 2014 Q1 2013 Q4 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.600M $6.500M $3.800M
YoY Change 47.37% 38.3% -47.22%
Cash & Equivalents $5.552M $6.509M $2.166M
Short-Term Investments
Other Short-Term Assets $16.80M $8.700M $100.0K
YoY Change 16700.0% 0.0%
Inventory $41.58M $49.64M $400.0K
Prepaid Expenses
Receivables $28.90M $48.54M $100.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $92.84M $113.4M $4.500M
YoY Change 1963.13% 2123.41% -41.56%
LONG-TERM ASSETS
Property, Plant & Equipment $6.229M $7.369M $300.0K
YoY Change 1976.33% 28.56% 200.0%
Goodwill $80.87M $0.00
YoY Change
Intangibles $40.21M $3.972M
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.900M $2.600M
YoY Change
Total Long-Term Assets $134.2M $13.91M $1.600M
YoY Change 8287.31% 827.53% 6.67%
TOTAL ASSETS
Total Short-Term Assets $92.84M $113.4M $4.500M
Total Long-Term Assets $134.2M $13.91M $1.600M
Total Assets $227.0M $127.3M $6.100M
YoY Change 3621.93% 1828.89% -33.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.83M $44.14M $300.0K
YoY Change 9511.0% 21968.0% -57.14%
Accrued Expenses $10.34M $8.615M $100.0K
YoY Change 10241.0% 8515.0% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $55.40M $42.90M $0.00
YoY Change
Long-Term Debt Due $0.00 $14.50M $0.00
YoY Change
Total Short-Term Liabilities $94.85M $111.2M $500.0K
YoY Change 18870.4% 36969.67% -37.5%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $10.34M $100.0K
YoY Change -100.0%
Other Long-Term Liabilities $2.000M $1.986M
YoY Change
Total Long-Term Liabilities $0.00 $12.33M $100.0K
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $94.85M $111.2M $500.0K
Total Long-Term Liabilities $0.00 $12.33M $100.0K
Total Liabilities $125.2M $138.1M $600.0K
YoY Change 20770.17% 45933.33% -25.0%
SHAREHOLDERS EQUITY
Retained Earnings $15.87M $18.78M
YoY Change
Common Stock $38.00K $13.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $101.8M -$35.14M $5.500M
YoY Change
Total Liabilities & Shareholders Equity $227.0M $127.3M $6.100M
YoY Change 3621.93% 1828.89% -33.7%

Cashflow Statement

Concept 2014 Q1 2013 Q4 2013 Q1
OPERATING ACTIVITIES
Net Income -$2.906M $881.0K -$2.304M
YoY Change 26.13% -167.77% 130.4%
Depreciation, Depletion And Amortization $1.814M $5.340M $936.0K
YoY Change 93.8% 8800.0% 2240.0%
Cash From Operating Activities $8.902M $18.29M $24.95M
YoY Change -64.32% -2226.74% -5090.2%
INVESTING ACTIVITIES
Capital Expenditures $468.0K -$6.170M $254.0K
YoY Change 84.25% 30750.0% -2640.0%
Acquisitions
YoY Change
Other Investing Activities $4.090M $0.00
YoY Change
Cash From Investing Activities $3.625M -$6.170M -$254.0K
YoY Change -1527.17% 30750.0% 2440.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$13.61M -11.02M -$27.75M
YoY Change -50.95% -477.04%
NET CHANGE
Cash From Operating Activities $8.902M 18.29M $24.95M
Cash From Investing Activities $3.625M -6.170M -$254.0K
Cash From Financing Activities -$13.61M -11.02M -$27.75M
Net Change In Cash -$1.085M 1.100M -$3.053M
YoY Change -64.46% -225.0% -144.57%
FREE CASH FLOW
Cash From Operating Activities $8.902M $18.29M $24.95M
Capital Expenditures $468.0K -$6.170M $254.0K
Free Cash Flow $8.434M $24.46M $24.70M
YoY Change -65.85% -3011.9% -5140.2%

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EntityRegistrantName
Parametric Sound Corp

Files In Submission

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