2024 Q4 Form 10-Q Financial Statement

#000149315224044040 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q4
Revenue $78.00M $81.20M
YoY Change -20.0% 3.31%
Cost Of Revenue $23.40M $29.00M
YoY Change 9.35% 24.46%
Gross Profit $54.60M $52.20M
YoY Change -28.25% -5.61%
Gross Profit Margin 70.0% 64.29%
Selling, General & Admin $29.60M $24.20M
YoY Change 10.04% -27.11%
% of Gross Profit 54.21% 46.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.30M $10.10M
YoY Change 7.62% 13.48%
% of Gross Profit 20.7% 19.35%
Operating Expenses $29.60M $34.30M
YoY Change 10.04% -18.53%
Operating Profit $11.90M $17.90M
YoY Change -2.46% 35.61%
Interest Expense -$7.600M -$7.200M
YoY Change -210.14% 7.46%
% of Operating Profit -63.87% -40.22%
Other Income/Expense, Net -$7.500M $100.0K
YoY Change 10.29% -50.0%
Pretax Income $4.400M $2.200M
YoY Change -18.52% -62.71%
Income Tax $1.000M $2.200M
% Of Pretax Income 22.73% 100.0%
Net Earnings $3.400M $0.00
YoY Change 0.0% -100.0%
Net Earnings / Revenue 4.36% 0.0%
Basic Earnings Per Share $0.12
Diluted Earnings Per Share $0.12 $0.00
COMMON SHARES
Basic Shares Outstanding 26.58M shares 26.57M shares
Diluted Shares Outstanding 29.19M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.70M $40.00M
YoY Change 35.23% 60.0%
Cash & Equivalents $36.50M $40.00M
Short-Term Investments
Other Short-Term Assets $23.80M $39.60M
YoY Change -37.04% 23.36%
Inventory $31.60M $32.30M
Prepaid Expenses $23.00M $15.60M
Receivables $74.30M $38.70M
Other Receivables $0.00 $1.900M
Total Short-Term Assets $165.4M $152.5M
YoY Change 24.08% 18.58%
LONG-TERM ASSETS
Property, Plant & Equipment $64.40M $77.00M
YoY Change 22.43% 72.26%
Goodwill $61.90M $58.80M
YoY Change 9.95% -20.43%
Intangibles $13.40M
YoY Change -8.22%
Long-Term Investments
YoY Change
Other Assets $25.60M $200.0K
YoY Change 468.89% -94.12%
Total Long-Term Assets $223.2M $188.4M
YoY Change 30.22% 4.2%
TOTAL ASSETS
Total Short-Term Assets $165.4M $152.5M
Total Long-Term Assets $223.2M $188.4M
Total Assets $388.6M $340.9M
YoY Change 27.54% 10.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.90M $60.80M
YoY Change -10.17% 136.58%
Accrued Expenses $34.80M $4.700M
YoY Change 748.78% -83.51%
Deferred Revenue $5.600M $5.600M
YoY Change -35.63% 16.67%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $20.10M $19.80M
YoY Change 1880.0%
Total Short-Term Liabilities $109.3M $100.7M
YoY Change 40.49% 34.81%
LONG-TERM LIABILITIES
Long-Term Debt $312.4M $297.2M
YoY Change 10.51% 7.06%
Other Long-Term Liabilities $3.200M $21.00M
YoY Change 6.67% 425.0%
Total Long-Term Liabilities $315.6M $318.2M
YoY Change 10.47% 13.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $109.3M $100.7M
Total Long-Term Liabilities $315.6M $318.2M
Total Liabilities $466.9M $418.9M
YoY Change 23.78% 14.11%
SHAREHOLDERS EQUITY
Retained Earnings -$508.9M -$508.6M
YoY Change 0.06% 5.47%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$78.30M -$78.00M
YoY Change
Total Liabilities & Shareholders Equity $388.6M $340.9M
YoY Change 27.54% 10.18%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q4
OPERATING ACTIVITIES
Net Income $3.400M $0.00
YoY Change 0.0% -100.0%
Depreciation, Depletion And Amortization $11.30M $10.10M
YoY Change 7.62% 13.48%
Cash From Operating Activities $18.30M $10.20M
YoY Change -931.82% -300.0%
INVESTING ACTIVITIES
Capital Expenditures $7.400M $16.70M
YoY Change -33.33% 85.56%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$7.400M -$16.70M
YoY Change -33.33% 85.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 100.0K 18.80M
YoY Change -105.56% -2785.71%
NET CHANGE
Cash From Operating Activities 18.30M 10.20M
Cash From Investing Activities -7.400M -16.70M
Cash From Financing Activities 100.0K 18.80M
Net Change In Cash 11.00M 12.30M
YoY Change -172.85% -183.11%
FREE CASH FLOW
Cash From Operating Activities $18.30M $10.20M
Capital Expenditures $7.400M $16.70M
Free Cash Flow $10.90M -$6.500M
YoY Change -181.95% -53.9%

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CY2023Q3 us-gaap Comprehensive Income Net Of Tax
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2024Q2 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
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CY2024Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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CY2024Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2024Q3 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
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