2018 Q2 Form 10-Q Financial Statement

#000156459018018534 Filed on August 01, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q4 2017 Q2
Revenue $122.6M $106.5M $89.09M
YoY Change 37.58% 39.37% 37.12%
Cost Of Revenue $24.85M $21.06M $18.59M
YoY Change 33.67% 24.69% 22.35%
Gross Profit $97.73M $85.49M $70.50M
YoY Change 38.61% 43.53% 41.63%
Gross Profit Margin 79.73% 80.24% 79.13%
Selling, General & Admin $83.30M $72.60M $65.20M
YoY Change 27.76% 19.8% 31.72%
% of Gross Profit 85.24% 84.93% 92.48%
Research & Development $28.49M $22.30M $15.90M
YoY Change 79.15% 74.22% 40.98%
% of Gross Profit 29.15% 26.09% 22.55%
Depreciation & Amortization $5.400M $4.700M $3.700M
YoY Change 45.95% 46.88% 23.33%
% of Gross Profit 5.53% 5.5% 5.25%
Operating Expenses $28.49M $94.90M $81.10M
YoY Change -64.88% 29.29% 619.1%
Operating Profit $69.24M -$9.415M -$10.60M
YoY Change -753.33% -31.99% -127.53%
Interest Expense -$3.200M -$3.700M -$2.100M
YoY Change 52.38% -1333.33% -2358.06%
% of Operating Profit -4.62%
Other Income/Expense, Net -$500.0K -$300.0K -$100.0K
YoY Change 400.0% -98.3%
Pretax Income -$17.80M -$13.40M -$12.80M
YoY Change 39.06% -1.47% 15.32%
Income Tax $400.0K -$51.00M -$3.300M
% Of Pretax Income
Net Earnings -$18.23M -$11.54M -$9.521M
YoY Change 91.42% -16.59% -13.95%
Net Earnings / Revenue -14.87% -10.83% -10.69%
Basic Earnings Per Share
Diluted Earnings Per Share -$474.0K -$307.5K -$258.9K
COMMON SHARES
Basic Shares Outstanding 38.35M 36.65M
Diluted Shares Outstanding 38.35M 36.65M

Balance Sheet

Concept 2018 Q2 2017 Q4 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $550.3M $504.3M $492.4M
YoY Change 11.76% 339.2% 319.09%
Cash & Equivalents $98.43M $87.68M $175.6M
Short-Term Investments $451.8M $416.7M $316.8M
Other Short-Term Assets $43.30M $37.50M $32.80M
YoY Change 32.01% 63.76% 77.3%
Inventory
Prepaid Expenses
Receivables $53.50M $60.68M $38.50M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $647.0M $602.5M $563.8M
YoY Change 14.76% 241.84% 248.69%
LONG-TERM ASSETS
Property, Plant & Equipment $49.30M $43.29M $37.60M
YoY Change 31.12% 43.35% 34.12%
Goodwill $14.95M
YoY Change
Intangibles
YoY Change
Long-Term Investments $16.40M $31.40M $41.90M
YoY Change -60.86% -12.04% 37.38%
Other Assets $19.50M $4.964M $6.700M
YoY Change 191.04% 281.85% 503.06%
Total Long-Term Assets $117.8M $109.7M $103.7M
YoY Change 13.6% 31.27% 38.62%
TOTAL ASSETS
Total Short-Term Assets $647.0M $602.5M $563.8M
Total Long-Term Assets $117.8M $109.7M $103.7M
Total Assets $764.8M $712.2M $667.5M
YoY Change 14.58% 174.12% 182.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.700M $4.657M $2.900M
YoY Change 96.55% 5.84% 7.41%
Accrued Expenses $40.60M $36.80M $40.00M
YoY Change 1.5% 37.83% 49.25%
Deferred Revenue $151.9M $136.9M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $800.0K
YoY Change 14.29%
Total Short-Term Liabilities $198.2M $178.3M $153.7M
YoY Change 28.98% 39.97% 43.64%
LONG-TERM LIABILITIES
Long-Term Debt $308.4M $298.4M $289.1M
YoY Change 6.68% 99366.67% 96266.67%
Other Long-Term Liabilities $30.50M $3.927M $21.00M
YoY Change 45.24% 62.14% 135.96%
Total Long-Term Liabilities $338.9M $3.927M $310.1M
YoY Change 9.29% 62.14% 3270.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $198.2M $178.3M $153.7M
Total Long-Term Liabilities $338.9M $3.927M $310.1M
Total Liabilities $537.2M $501.8M $463.8M
YoY Change 15.83% 255.76% 299.48%
SHAREHOLDERS EQUITY
Retained Earnings -$286.1M
YoY Change 16.33%
Common Stock $496.5M
YoY Change 35.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $227.6M $210.4M $203.7M
YoY Change
Total Liabilities & Shareholders Equity $764.8M $712.2M $667.5M
YoY Change 14.58% 174.17% 182.24%

Cashflow Statement

Concept 2018 Q2 2017 Q4 2017 Q2
OPERATING ACTIVITIES
Net Income -$18.23M -$11.54M -$9.521M
YoY Change 91.42% -16.59% -13.95%
Depreciation, Depletion And Amortization $5.400M $4.700M $3.700M
YoY Change 45.95% 46.88% 23.33%
Cash From Operating Activities $13.50M $14.00M $8.700M
YoY Change 55.17% 508.7% 1.16%
INVESTING ACTIVITIES
Capital Expenditures -$8.200M -$6.900M -$7.000M
YoY Change 17.14% 72.5% 22.81%
Acquisitions
YoY Change
Other Investing Activities -$63.10M -$97.50M -$268.3M
YoY Change -76.48% 24275.0% -89533.33%
Cash From Investing Activities -$71.40M -$104.4M -$275.2M
YoY Change -74.06% 2327.91% 5092.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.600M 1.100M 371.2M
YoY Change -99.03% -35.29% 14176.92%
NET CHANGE
Cash From Operating Activities 13.50M 14.00M 8.700M
Cash From Investing Activities -71.40M -104.4M -275.2M
Cash From Financing Activities 3.600M 1.100M 371.2M
Net Change In Cash -54.30M -89.30M 104.7M
YoY Change -151.86% 29666.67% 1674.58%
FREE CASH FLOW
Cash From Operating Activities $13.50M $14.00M $8.700M
Capital Expenditures -$8.200M -$6.900M -$7.000M
Free Cash Flow $21.70M $20.90M $15.70M
YoY Change 38.22% 231.75% 9.79%

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