2024 Q1 Form 10-Q Financial Statement

#000149315224018572 Filed on May 10, 2024

View on sec.gov

Income Statement

Concept 2024 Q1
Revenue $63.10M
YoY Change -4.39%
Cost Of Revenue $15.90M
YoY Change 45.87%
Gross Profit $47.20M
YoY Change -14.34%
Gross Profit Margin 74.8%
Selling, General & Admin $31.90M
YoY Change 1.59%
% of Gross Profit 67.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.900M
YoY Change 11.24%
% of Gross Profit 20.97%
Operating Expenses $31.90M
YoY Change 1.59%
Operating Profit -$1.400M
YoY Change -122.95%
Interest Expense $6.600M
YoY Change 4.76%
% of Operating Profit
Other Income/Expense, Net -$6.500M
YoY Change 4.84%
Pretax Income -$7.900M
YoY Change 7800.0%
Income Tax -$2.200M
% Of Pretax Income
Net Earnings -$5.700M
YoY Change 2750.0%
Net Earnings / Revenue -9.03%
Basic Earnings Per Share -$0.20
Diluted Earnings Per Share -$0.20
COMMON SHARES
Basic Shares Outstanding 26.22M shares
Diluted Shares Outstanding 28.60M shares

Balance Sheet

Concept 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.30M
YoY Change 26.98%
Cash & Equivalents $35.30M
Short-Term Investments
Other Short-Term Assets $39.60M
YoY Change 27.33%
Inventory $31.70M
Prepaid Expenses
Receivables $37.50M
Other Receivables $0.00
Total Short-Term Assets $144.1M
YoY Change 12.23%
LONG-TERM ASSETS
Property, Plant & Equipment $63.20M
YoY Change 32.49%
Goodwill $58.30M
YoY Change -23.09%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.800M
YoY Change 52.63%
Total Long-Term Assets $187.0M
YoY Change -0.58%
TOTAL ASSETS
Total Short-Term Assets $144.1M
Total Long-Term Assets $187.0M
Total Assets $331.1M
YoY Change 4.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.20M
YoY Change 58.56%
Accrued Expenses $5.100M
YoY Change -85.39%
Deferred Revenue $4.900M
YoY Change -3.92%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $18.90M
YoY Change
Total Short-Term Liabilities $94.10M
YoY Change 28.55%
LONG-TERM LIABILITIES
Long-Term Debt $293.3M
YoY Change 2.73%
Other Long-Term Liabilities $3.900M
YoY Change 77.27%
Total Long-Term Liabilities $297.2M
YoY Change 3.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $94.10M
Total Long-Term Liabilities $297.2M
Total Liabilities $412.3M
YoY Change 11.16%
SHAREHOLDERS EQUITY
Retained Earnings -$514.3M
YoY Change 6.61%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$81.20M
YoY Change
Total Liabilities & Shareholders Equity $331.1M
YoY Change 4.61%

Cashflow Statement

Concept 2024 Q1
OPERATING ACTIVITIES
Net Income -$5.700M
YoY Change 2750.0%
Depreciation, Depletion And Amortization $9.900M
YoY Change 11.24%
Cash From Operating Activities $3.600M
YoY Change -75.68%
INVESTING ACTIVITIES
Capital Expenditures $4.400M
YoY Change -27.87%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$7.700M
YoY Change -33.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$200.0K
YoY Change -60.0%
NET CHANGE
Cash From Operating Activities $3.600M
Cash From Investing Activities -$7.700M
Cash From Financing Activities -$200.0K
Net Change In Cash -$4.700M
YoY Change -267.86%
FREE CASH FLOW
Cash From Operating Activities $3.600M
Capital Expenditures $4.400M
Free Cash Flow -$800.0K
YoY Change -109.2%

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CY2024Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2024Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3500000 usd
CY2024Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2024Q1 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
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CY2023Q1 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
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CY2024Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3500000 usd
CY2024Q1 INSE Increase Decrease In Deferred Revenues And Customer Prepayment
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600000 usd
CY2023Q1 INSE Increase Decrease In Deferred Revenues And Customer Prepayment
IncreaseDecreaseInDeferredRevenuesAndCustomerPrepayment
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CY2023Q1 us-gaap Increase Decrease In Other Current Liabilities
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CY2024Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
100000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
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3600000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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11600000 usd
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
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4400000 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5500000 usd
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3300000 usd
CY2023Q1 us-gaap Payments For Software
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2800000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2024Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
200000 usd
CY2023Q1 us-gaap Finance Lease Principal Payments
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500000 usd
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CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2024Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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600000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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11600000 usd
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
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4400000 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
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5500000 usd
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600000 usd
CY2024Q1 us-gaap Payments For Software
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3300000 usd
CY2023Q1 us-gaap Payments For Software
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2800000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2024Q1 us-gaap Finance Lease Principal Payments
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200000 usd
CY2023Q1 us-gaap Finance Lease Principal Payments
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500000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2024Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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600000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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2800000 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
40000000.0 usd
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25000000.0 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
35300000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2024Q1 us-gaap Interest Paid Net
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100000 usd
CY2023Q1 us-gaap Interest Paid Net
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100000 usd
CY2023Q1 us-gaap Income Taxes Paid Net
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100000 usd
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CashPaidDuringPeriodForOperatingLeases
2100000 usd
CY2023Q1 INSE Cash Paid During Period For Operating Leases
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CY2024Q1 INSE Additional Paid In Capital From Net Settlement
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CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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2200000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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100000 usd
CY2024Q1 INSE Property And Equipment Acquired Through Finance Lease
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1300000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2800000 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
35300000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2024Q1 us-gaap Interest Paid Net
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CY2023Q1 us-gaap Interest Paid Net
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100000 usd
CY2023Q1 us-gaap Income Taxes Paid Net
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100000 usd
CY2024Q1 INSE Cash Paid During Period For Operating Leases
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CY2023Q1 INSE Cash Paid During Period For Operating Leases
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CY2024Q1 INSE Additional Paid In Capital From Net Settlement
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CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2024Q1 INSE Property And Equipment Acquired Through Finance Lease
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CY2024Q1 us-gaap Cash
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CY2024Q1 us-gaap Net Income Loss
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CY2023Q1 us-gaap Net Income Loss
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CY2024Q1 us-gaap Allocated Share Based Compensation Expense
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CY2023Q1 us-gaap Allocated Share Based Compensation Expense
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CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2024Q1 us-gaap Cash
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CY2024Q1 us-gaap Net Income Loss
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CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2023 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2023 INSE Allowance For Doubtful Accounts Foreign Currency Translation Adjustments
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CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2023 us-gaap Provision For Doubtful Accounts
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CY2023 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
200000 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
400000 usd
CY2023 INSE Allowance For Doubtful Accounts Foreign Currency Translation Adjustments
AllowanceForDoubtfulAccountsForeignCurrencyTranslationAdjustments
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CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2024Q1 us-gaap Inventory Parts And Components Net Of Reserves
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22500000 usd
CY2023Q4 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
23300000 usd
CY2024Q1 us-gaap Inventory Work In Process
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400000 usd
CY2024Q1 us-gaap Inventory Finished Goods
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8200000 usd
CY2023Q4 us-gaap Inventory Finished Goods
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8600000 usd
CY2024Q1 us-gaap Inventory Net
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CY2023Q4 us-gaap Inventory Net
InventoryNet
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CY2024Q1 us-gaap Accounts Payable Current
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CY2024Q1 us-gaap Interest Payable Current
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5500000 usd
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6400000 usd
CY2024Q1 us-gaap Inventory Parts And Components Net Of Reserves
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22500000 usd
CY2023Q4 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
23300000 usd
CY2024Q1 us-gaap Inventory Work In Process
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InventoryWorkInProcess
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CY2024Q1 us-gaap Inventory Finished Goods
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CY2023Q4 us-gaap Inventory Finished Goods
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CY2023Q4 us-gaap Inventory Net
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CY2024Q1 us-gaap Accounts Payable Current
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35200000 usd
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CY2024Q1 us-gaap Interest Payable Current
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5500000 usd
CY2024Q1 INSE Cost Of Sales Including Inventory Current
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6400000 usd
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CY2024Q1 us-gaap Accounts Payable And Accrued Liabilities Current
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CY2024Q1 us-gaap Unbilled Contracts Receivable
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CY2024Q1 us-gaap Deferred Income
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CY2024Q1 INSE Customer Prepayments And Deposits
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CY2023Q4 us-gaap Unbilled Contracts Receivable
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CY2023Q4 us-gaap Deferred Income
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CY2024Q1 us-gaap Deferred Revenue Revenue Recognized1
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CY2023Q1 us-gaap Deferred Revenue Revenue Recognized1
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CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2024Q1 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
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CY2024Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2024Q1 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Adjustments Tax
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1300000 usd
CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
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CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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33500000 usd
CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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CY2022Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
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CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2023Q1 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
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CY2023Q1 INSE Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification
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CY2023Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2023Q1 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Adjustments Tax
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CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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CY2023Q1 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
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CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2024Q1 us-gaap Share Based Compensation
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CY2024Q1 us-gaap Deferred Income
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CY2023Q4 us-gaap Accounts Receivable Gross Current
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CY2023Q4 us-gaap Deferred Income
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CY2024Q1 us-gaap Deferred Revenue Revenue Recognized1
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CY2023Q1 us-gaap Deferred Revenue Revenue Recognized1
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CY2024Q1 us-gaap Revenue Remaining Performance Obligation
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CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2024Q1 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
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CY2024Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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CY2024Q1 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Adjustments Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAdjustmentsTax
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