$ICAD
ICAD INC

2015 Q4 Form 10-Q Financial Statement

#000119312515366314 Filed on November 04, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $7.609M $9.582M $12.57M
YoY Change -42.2% -23.78% 51.65%
Cost Of Revenue $2.320M $2.761M $3.405M
YoY Change -40.05% -18.91% 44.04%
Gross Profit $5.289M $6.821M $9.167M
YoY Change -43.1% -25.59% 54.69%
Gross Profit Margin 69.51% 71.19% 72.92%
Selling, General & Admin $4.840M $4.815M $5.730M
YoY Change -15.97% -15.97% 41.45%
% of Gross Profit 91.51% 70.59% 62.51%
Research & Development $2.540M $2.093M $2.086M
YoY Change 14.93% 0.34% 6.92%
% of Gross Profit 48.02% 30.68% 22.76%
Depreciation & Amortization $540.0K $550.0K $950.0K
YoY Change -61.43% -42.11% 61.02%
% of Gross Profit 10.21% 8.06% 10.36%
Operating Expenses $7.640M $7.165M $8.241M
YoY Change -12.98% -13.06% 31.23%
Operating Profit -$2.351M -$344.0K $926.0K
YoY Change -555.62% -137.15% -361.58%
Interest Expense -$20.00K $46.00K $647.0K
YoY Change -96.36% -92.89% -19.83%
% of Operating Profit 69.87%
Other Income/Expense, Net -$42.00K -$636.0K
YoY Change -93.4% 255.31%
Pretax Income -$2.370M -$386.0K $290.0K
YoY Change 5825.0% -233.1% -154.41%
Income Tax $30.00K $16.00K $16.00K
% Of Pretax Income 5.52%
Net Earnings -$2.402M -$402.0K $274.0K
YoY Change 2402.08% -246.72% -146.52%
Net Earnings / Revenue -31.57% -4.2% 2.18%
Basic Earnings Per Share -$0.03 $0.02
Diluted Earnings Per Share -$152.6K -$0.03 $0.02
COMMON SHARES
Basic Shares Outstanding 15.73M shares 15.73M shares 15.28M shares
Diluted Shares Outstanding 15.73M shares 16.35M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.28M $17.54M $33.44M
YoY Change -52.58% -47.55% 227.52%
Cash & Equivalents $15.28M $17.54M $33.44M
Short-Term Investments
Other Short-Term Assets $680.0K $680.0K $580.0K
YoY Change 25.93% 17.24% -12.12%
Inventory $4.315M $3.746M $2.031M
Prepaid Expenses
Receivables $7.488M $8.481M $11.13M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $27.77M $30.45M $47.19M
YoY Change -37.76% -35.47% 121.64%
LONG-TERM ASSETS
Property, Plant & Equipment $2.307M $2.605M $4.106M
YoY Change -45.78% -36.56% 124.99%
Goodwill $14.10M $14.20M $28.10M
YoY Change -48.29% -49.46% 33.09%
Intangibles $4.274M $4.473M $17.93M
YoY Change -75.58% -75.05% 28.42%
Long-Term Investments
YoY Change
Other Assets $18.57M $90.00K $150.0K
YoY Change -58.65% -40.0% -68.75%
Total Long-Term Assets $20.87M $21.37M $50.28M
YoY Change -57.54% -57.5% 34.53%
TOTAL ASSETS
Total Short-Term Assets $27.77M $30.45M $47.19M
Total Long-Term Assets $20.87M $21.37M $50.28M
Total Assets $48.64M $51.82M $97.46M
YoY Change -48.13% -46.83% 66.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.593M $1.557M $1.755M
YoY Change -25.94% -11.28% -13.03%
Accrued Expenses $4.180M $4.140M $5.830M
YoY Change -26.54% -28.99% 42.89%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $970.0K $1.160M $5.010M
YoY Change -80.75% -76.85% 3753.85%
Total Short-Term Liabilities $14.28M $14.88M $21.90M
YoY Change -35.24% -32.07% 48.13%
LONG-TERM LIABILITIES
Long-Term Debt $90.00K $250.0K $10.42M
YoY Change -98.64% -97.6% -33.12%
Other Long-Term Liabilities $29.00K $661.0K $755.0K
YoY Change -43.14% -12.45% -42.5%
Total Long-Term Liabilities $29.00K $661.0K $755.0K
YoY Change -43.14% -12.45% -42.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.28M $14.88M $21.90M
Total Long-Term Liabilities $29.00K $661.0K $755.0K
Total Liabilities $15.89M $17.22M $35.03M
YoY Change -48.71% -50.85% 5.18%
SHAREHOLDERS EQUITY
Retained Earnings -$177.5M -$175.1M -$145.0M
YoY Change 22.37% 20.79% 3.81%
Common Stock $211.7M $211.1M $208.8M
YoY Change 1.15% 1.1% 25.48%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.415M $1.415M $1.415M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 185.8K shares 185.8K shares 185.8K shares
Shareholders Equity $32.75M $34.60M $62.43M
YoY Change
Total Liabilities & Shareholders Equity $48.64M $51.82M $97.46M
YoY Change -48.13% -46.83% 66.15%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income -$2.402M -$402.0K $274.0K
YoY Change 2402.08% -246.72% -146.52%
Depreciation, Depletion And Amortization $540.0K $550.0K $950.0K
YoY Change -61.43% -42.11% 61.02%
Cash From Operating Activities -$1.870M -$250.0K $2.190M
YoY Change -155.82% -111.42% -189.02%
INVESTING ACTIVITIES
Capital Expenditures -$40.00K -$90.00K -$180.0K
YoY Change -92.98% -50.0% -25.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$3.480M
YoY Change -100.0%
Cash From Investing Activities -$40.00K -$90.00K -$3.660M
YoY Change -93.1% -97.54% 1425.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -340.0K -330.0K 60.00K
YoY Change -91.5% -650.0%
NET CHANGE
Cash From Operating Activities -1.870M -250.0K 2.190M
Cash From Investing Activities -40.00K -90.00K -3.660M
Cash From Financing Activities -340.0K -330.0K 60.00K
Net Change In Cash -2.250M -670.0K -1.410M
YoY Change 82.93% -52.48% -47.78%
FREE CASH FLOW
Cash From Operating Activities -$1.870M -$250.0K $2.190M
Capital Expenditures -$40.00K -$90.00K -$180.0K
Free Cash Flow -$1.830M -$160.0K $2.370M
YoY Change -146.68% -106.75% -206.76%

Facts In Submission

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87000
icad Minimum Annual Royalty Payment
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250000
icad Lease Expiration Date Description
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icad Number Of Year Subject To Examination
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P3Y
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