2020 Q3 Form 10-Q Financial Statement

#000156459020050474 Filed on November 04, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3
Revenue $74.33M $91.76M
YoY Change -19.0% -3.7%
Cost Of Revenue $41.30M $48.40M
YoY Change -14.67% 4.09%
Gross Profit $33.01M $43.32M
YoY Change -23.8% -11.26%
Gross Profit Margin 44.41% 47.2%
Selling, General & Admin $31.80M $32.57M
YoY Change -2.37% -10.32%
% of Gross Profit 96.35% 75.2%
Research & Development $3.500M $2.636M
YoY Change 32.78% 25.76%
% of Gross Profit 10.6% 6.09%
Depreciation & Amortization $4.710M $3.670M
YoY Change 28.34% 35.42%
% of Gross Profit 14.27% 8.47%
Operating Expenses $35.30M $35.21M
YoY Change 0.26% -8.35%
Operating Profit -$2.294M $8.107M
YoY Change -128.3% -22.02%
Interest Expense $100.0K $1.100M
YoY Change -90.91% 22.22%
% of Operating Profit 13.57%
Other Income/Expense, Net $200.0K -$503.0K
YoY Change -139.76% -155.7%
Pretax Income -$1.913M $8.753M
YoY Change -121.86% -22.53%
Income Tax -$214.0K $1.890M
% Of Pretax Income 21.59%
Net Earnings -$1.699M $6.863M
YoY Change -124.76% -58.23%
Net Earnings / Revenue -2.29% 7.48%
Basic Earnings Per Share -$0.08 $0.31
Diluted Earnings Per Share -$0.08 $0.31
COMMON SHARES
Basic Shares Outstanding 22.00M 21.84M
Diluted Shares Outstanding 22.00M 22.19M

Balance Sheet

Concept 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $220.5M $200.6M
YoY Change 9.9% -10.39%
Cash & Equivalents $214.0M $156.1M
Short-Term Investments $6.525M $44.51M
Other Short-Term Assets $18.90M $11.10M
YoY Change 70.27% 30.59%
Inventory $29.22M $34.07M
Prepaid Expenses
Receivables $31.69M $41.18M
Other Receivables $3.100M $2.800M
Total Short-Term Assets $303.4M $289.8M
YoY Change 4.68% -3.26%
LONG-TERM ASSETS
Property, Plant & Equipment $25.32M $19.89M
YoY Change 27.31% -13.53%
Goodwill $33.05M $33.28M
YoY Change -0.67% 1354.41%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $18.20M $4.664M
YoY Change 290.22% -83.46%
Total Long-Term Assets $156.9M $154.9M
YoY Change 1.29% 169.38%
TOTAL ASSETS
Total Short-Term Assets $303.4M $289.8M
Total Long-Term Assets $156.9M $154.9M
Total Assets $460.3M $444.7M
YoY Change 3.5% 24.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.514M $18.47M
YoY Change -48.49% 40.62%
Accrued Expenses $20.00M $11.90M
YoY Change 68.07% -22.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $52.00M $50.00M
YoY Change 4.0% 8.46%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $55.80M $51.30M
YoY Change 8.77% 164.43%
Total Long-Term Liabilities $55.80M $51.30M
YoY Change 8.77% 164.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $52.00M $50.00M
Total Long-Term Liabilities $55.80M $51.30M
Total Liabilities $107.8M $101.6M
YoY Change 6.1% 54.41%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $352.5M $343.1M
YoY Change
Total Liabilities & Shareholders Equity $460.3M $444.7M
YoY Change 3.51% 24.53%

Cashflow Statement

Concept 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income -$1.699M $6.863M
YoY Change -124.76% -58.23%
Depreciation, Depletion And Amortization $4.710M $3.670M
YoY Change 28.34% 35.42%
Cash From Operating Activities $6.750M $14.60M
YoY Change -53.77% 1.53%
INVESTING ACTIVITIES
Capital Expenditures -$6.010M -$310.0K
YoY Change 1838.71% -89.84%
Acquisitions
YoY Change
Other Investing Activities -$1.950M -$73.37M
YoY Change -97.34% 1034.0%
Cash From Investing Activities -$7.970M -$73.68M
YoY Change -89.18% 673.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 940.0K 1.330M
YoY Change -29.32% -73.45%
NET CHANGE
Cash From Operating Activities 6.750M 14.60M
Cash From Investing Activities -7.970M -73.68M
Cash From Financing Activities 940.0K 1.330M
Net Change In Cash -280.0K -57.75M
YoY Change -99.52% -685.11%
FREE CASH FLOW
Cash From Operating Activities $6.750M $14.60M
Capital Expenditures -$6.010M -$310.0K
Free Cash Flow $12.76M $14.91M
YoY Change -14.42% -14.46%

Facts In Submission

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0.038
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
2199000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
1993000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
1844000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
1842000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
596000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
3211000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
11685000
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1225000
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
10460000
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1890000
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8570000
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
10460000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-1699000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
6863000
us-gaap Net Income Loss
NetIncomeLoss
-708000
us-gaap Net Income Loss
NetIncomeLoss
22325000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21998299
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21840473
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21959521
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21802468
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21998299
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22191688
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21959521
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22387146
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.02
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.00
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21998299
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21840473
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21959521
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21802468
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
206274
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
351215
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
252096
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
584678
CY2020Q3 ingn Weighted Average Number Of Diluted Shares Outstanding Based On Net Loss
WeightedAverageNumberOfDilutedSharesOutstandingBasedOnNetLoss
22204573
CY2019Q3 ingn Weighted Average Number Of Diluted Shares Outstanding Based On Net Loss
WeightedAverageNumberOfDilutedSharesOutstandingBasedOnNetLoss
22191688
ingn Weighted Average Number Of Diluted Shares Outstanding Based On Net Loss
WeightedAverageNumberOfDilutedSharesOutstandingBasedOnNetLoss
22211617
ingn Weighted Average Number Of Diluted Shares Outstanding Based On Net Loss
WeightedAverageNumberOfDilutedSharesOutstandingBasedOnNetLoss
22387146
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1051348
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
315425
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
691470
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
235002
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
980884
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
35.24
CY2019 ingn Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Intrinsic Value Per Share
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodIntrinsicValuePerShare
34.07
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
9324
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
35.30
CY2020Q3 ingn Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Vested And Expected To Vest Per Share Average Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsVestedAndExpectedToVestPerShareAverageIntrinsicValue
5.56
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
269000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
7017000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6111000
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2050000
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1565000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6930000
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2050000
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1565000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6111000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6930000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
20.00
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
6779
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
48.23
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
35.30
ingn Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Intrinsic Value Per Share
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodIntrinsicValuePerShare
5.56
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
964781
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
35.30
CY2020Q3 ingn Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Vested And Exercisable Per Share Average Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsVestedAndExercisablePerShareAverageIntrinsicValue
5.56
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
964781
CY2020Q3 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
144000
CY2020Q3 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
457000
CY2020Q3 us-gaap Contractual Obligation
ContractualObligation
601000
CY2020Q3 us-gaap Purchase Obligation
PurchaseObligation
56500000
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
12571000
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9530000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
7299000
CY2019 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
8131000
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-627000
CY2019 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
1433000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
5316000
CY2019 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
6523000
CY2020Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
13927000
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
12571000
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
3980000
CY2020Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
3901000
CY2019Q2 ingn Number Of Lawsuits
NumberOfLawsuits
2
CY2019Q4 ingn Number Of Additional Shareholder Derivative Who Filed Lawsuits
NumberOfAdditionalShareholderDerivativeWhoFiledLawsuits
3
CY2020Q1 ingn Number Of Consolidated Shareholder Derivative Lawsuits
NumberOfConsolidatedShareholderDerivativeLawsuits
4
CY2020Q2 ingn Number Of Consolidated Shareholder Derivative Lawsuits
NumberOfConsolidatedShareholderDerivativeLawsuits
2
CY2020Q3 ingn Number Of Contract Designated Hedges
NumberOfContractDesignatedHedges
19
CY2020Q3 ingn Number Of Contract Non Designated Hedges
NumberOfContractNonDesignatedHedges
1
CY2019Q3 ingn Number Of Contract Designated Hedges
NumberOfContractDesignatedHedges
5
CY2019Q3 ingn Number Of Contract Non Designated Hedges
NumberOfContractNonDesignatedHedges
2

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