2021 Q4 Form 10-Q Financial Statement

#000143774921024540 Filed on October 28, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q4
Revenue $64.34M $64.09M $61.82M
YoY Change 4.07% 5.27% -1.4%
Cost Of Revenue $22.98M $22.59M $22.74M
YoY Change 1.06% -3.07% -8.6%
Gross Profit $41.36M $41.51M $39.08M
YoY Change 5.83% 10.45% 3.33%
Gross Profit Margin 64.28% 64.76% 63.22%
Selling, General & Admin $20.99M $20.24M $20.95M
YoY Change 0.21% 7.35% 5.28%
% of Gross Profit 50.76% 48.75% 53.61%
Research & Development $11.45M $10.34M $8.810M
YoY Change 30.01% 26.27% 19.86%
% of Gross Profit 27.69% 24.92% 22.54%
Depreciation & Amortization $9.370M $9.141M $8.180M
YoY Change 14.55% 23.43% 12.98%
% of Gross Profit 22.66% 22.02% 20.93%
Operating Expenses $41.82M $10.34M $37.94M
YoY Change 10.22% 26.27% 10.03%
Operating Profit -$460.0K $1.785M $1.140M
YoY Change -140.35% -43.04% -65.87%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$39.00K -$99.00K $0.00
YoY Change -199.0% -100.0%
Pretax Income -$499.0K $1.686M $1.140M
YoY Change -143.77% -47.87% -71.64%
Income Tax -$112.0K $200.0K $210.0K
% Of Pretax Income 11.86% 18.42%
Net Earnings -$387.0K $1.500M $920.0K
YoY Change -142.07% -43.05% -75.0%
Net Earnings / Revenue -0.6% 2.34% 1.49%
Basic Earnings Per Share $0.05
Diluted Earnings Per Share -$12.28K $0.05 $29.12K
COMMON SHARES
Basic Shares Outstanding 31.56M 31.56M
Diluted Shares Outstanding 31.68M

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $51.95M $60.55M $46.49M
YoY Change 11.73% -59.54% -73.1%
Cash & Equivalents $46.91M $55.46M $36.57M
Short-Term Investments $5.041M $5.095M $9.928M
Other Short-Term Assets $10.82M $11.22M $12.56M
YoY Change -13.82% -41.24% 33.16%
Inventory
Prepaid Expenses
Receivables $30.31M $26.99M $40.73M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $106.8M $112.3M $114.7M
YoY Change -6.87% -43.62% -48.91%
LONG-TERM ASSETS
Property, Plant & Equipment $17.95M $18.33M $22.22M
YoY Change -19.21% -62.96% -14.76%
Goodwill $182.5M $181.1M $178.4M
YoY Change 2.28% 74.61%
Intangibles $89.21M $100.7M
YoY Change -11.43%
Long-Term Investments $7.043M $8.338M $6.800M
YoY Change 3.57% 20.84% 0.0%
Other Assets $1.016M $3.375M $1.777M
YoY Change -42.82% -81.85% 103.32%
Total Long-Term Assets $379.9M $382.5M $385.6M
YoY Change -1.47% 37.84% 45.52%
TOTAL ASSETS
Total Short-Term Assets $106.8M $112.3M $114.7M
Total Long-Term Assets $379.9M $382.5M $385.6M
Total Assets $486.8M $494.7M $500.3M
YoY Change -2.71% 3.81% 2.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.126M $22.17M $9.333M
YoY Change -45.08% 0.32% 94.03%
Accrued Expenses $16.37M $5.203M $20.12M
YoY Change -18.65% -49.49% 11.01%
Deferred Revenue $73.82M $74.58M $81.18M
YoY Change -9.07% 23.91%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $100.4M $102.0M $119.4M
YoY Change -15.98% 7.32% 13.55%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.477M $3.594M $2.204M
YoY Change -32.99% -88.73% 517.37%
Total Long-Term Liabilities $1.477M $3.594M $2.204M
YoY Change -32.99% -88.73% 517.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $100.4M $102.0M $119.4M
Total Long-Term Liabilities $1.477M $3.594M $2.204M
Total Liabilities $101.8M $105.5M $121.6M
YoY Change -16.29% -24.77% 15.26%
SHAREHOLDERS EQUITY
Retained Earnings $68.12M $68.51M $62.28M
YoY Change 9.39% 29.36%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $339.0M $342.2M $334.1M
YoY Change
Total Liabilities & Shareholders Equity $486.8M $494.7M $500.3M
YoY Change -2.71% 3.8% 2.2%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q4
OPERATING ACTIVITIES
Net Income -$387.0K $1.500M $920.0K
YoY Change -142.07% -43.05% -75.0%
Depreciation, Depletion And Amortization $9.370M $9.141M $8.180M
YoY Change 14.55% 23.43% 12.98%
Cash From Operating Activities $5.949M $12.11M $5.120M
YoY Change 16.19% -29.66% -60.95%
INVESTING ACTIVITIES
Capital Expenditures -$6.167M -$6.495M -$4.700M
YoY Change 31.21% 24.66% 21.13%
Acquisitions
YoY Change
Other Investing Activities -$2.604M $182.0K -$67.25M
YoY Change -96.13% -101.63% 480.24%
Cash From Investing Activities -$8.771M -$6.313M -$71.95M
YoY Change -87.81% -61.41% 365.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.719M -79.00K -3.670M
YoY Change 55.83% -98.77% 36600.0%
NET CHANGE
Cash From Operating Activities 5.949M 12.11M 5.120M
Cash From Investing Activities -8.771M -6.313M -71.95M
Cash From Financing Activities -5.719M -79.00K -3.670M
Net Change In Cash -8.541M 5.720M -70.50M
YoY Change -87.89% -203.06% 2874.68%
FREE CASH FLOW
Cash From Operating Activities $5.949M $12.11M $5.120M
Capital Expenditures -$6.167M -$6.495M -$4.700M
Free Cash Flow $12.12M $18.61M $9.820M
YoY Change 23.38% -17.04% -42.2%

Facts In Submission

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278000 USD
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18893000 USD
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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1300000 USD
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34400000 USD
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59300000 USD
us-gaap Contract With Customer Liability Revenue Recognized
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60500000 USD
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446000000 USD
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0.46 pure
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2400000 USD
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2300000 USD
us-gaap Amortization Of Deferred Sales Commissions
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6900000 USD
us-gaap Amortization Of Deferred Sales Commissions
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6600000 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
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200000 USD
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600000 USD
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us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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200000 USD
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1000 USD
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CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
26000
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862000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
557000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2260000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1665000 USD
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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26000
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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115000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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95000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
112000
CY2021Q3 us-gaap Net Income Loss
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1500000 USD
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2634000 USD
us-gaap Net Income Loss
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6232000 USD
us-gaap Net Income Loss
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13168000 USD
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WeightedAverageNumberOfSharesOutstandingBasic
31955000
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31981000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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31609000
CY2021Q3 us-gaap Available For Sale Securities Debt Securities
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60554000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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EarningsPerShareBasic
0.20
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0.41
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5095000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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46502000 USD
CY2020Q3 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Operating Income Loss
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CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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8000 USD
CY2021Q3 us-gaap Operating Income Loss
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1785000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities Current
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9928000 USD
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
2700000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
200000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
64091000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
60883000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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192374000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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183008000 USD
CY2021Q3 us-gaap Assets
Assets
494714000 USD
CY2020Q4 us-gaap Assets
Assets
500313000 USD

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