2017 Q3 Form 10-K Financial Statement
#000161577417007114 Filed on December 04, 2017
Income Statement
| Concept | 2017 Q3 | 2017 Q2 | 2017 Q1 |
|---|---|---|---|
| Revenue | $35.14M | $32.31M | $28.06M |
| YoY Change | |||
| Cost Of Revenue | $7.018M | $9.074M | $5.683M |
| YoY Change | 10.62% | 91.56% | 22.8% |
| Gross Profit | $28.12M | $23.24M | $22.38M |
| YoY Change | -543.25% | -590.61% | -583.58% |
| Gross Profit Margin | 80.02% | 71.93% | 79.76% |
| Selling, General & Admin | $17.91M | $15.16M | $15.70M |
| YoY Change | |||
| % of Gross Profit | 63.69% | 65.23% | 70.15% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $9.930M | $8.710M | $8.000M |
| YoY Change | |||
| % of Gross Profit | 35.31% | 37.48% | 35.75% |
| Operating Expenses | $27.84M | $23.88M | $23.71M |
| YoY Change | 5225.66% | 1872.35% | 8330.79% |
| Operating Profit | $280.0K | -$640.0K | -$1.330M |
| YoY Change | -153.56% | -47.14% | 372.92% |
| Interest Expense | -$5.380M | -$5.280M | -$4.750M |
| YoY Change | -13550.0% | -17700.0% | -15933.33% |
| % of Operating Profit | -1921.43% | ||
| Other Income/Expense, Net | -$3.920M | -$2.440M | -$2.210M |
| YoY Change | |||
| Pretax Income | -$9.090M | -$8.420M | -$9.090M |
| YoY Change | 1793.75% | 613.56% | 3536.0% |
| Income Tax | $190.0K | -$90.00K | $30.00K |
| % Of Pretax Income | |||
| Net Earnings | -$9.280M | -$8.330M | -$9.120M |
| YoY Change | 1837.64% | 608.08% | 3601.9% |
| Net Earnings / Revenue | -26.41% | -25.78% | -32.5% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | -$455.8K | -$408.7K | -$447.5K |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2017 Q3 | 2017 Q2 | 2017 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $20.00M | $22.70M | $13.30M |
| YoY Change | 9900.0% | 11250.0% | 2560.0% |
| Cash & Equivalents | |||
| Short-Term Investments | |||
| Other Short-Term Assets | $8.200M | $7.800M | $7.900M |
| YoY Change | 7700.0% | 7800.0% | |
| Inventory | $5.000M | $4.600M | $6.700M |
| Prepaid Expenses | |||
| Receivables | $29.90M | $30.30M | $32.60M |
| Other Receivables | $100.0K | $100.0K | $100.0K |
| Total Short-Term Assets | $63.20M | $65.50M | $60.70M |
| YoY Change | 31500.0% | 21733.33% | 9127.35% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $43.50M | $47.10M | $44.80M |
| YoY Change | |||
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $9.600M | $1.000M | $1.000M |
| YoY Change | -88.0% | -98.75% | -98.75% |
| Total Long-Term Assets | $155.8M | $147.9M | $140.8M |
| YoY Change | 94.51% | 84.88% | 75.9% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $63.20M | $65.50M | $60.70M |
| Total Long-Term Assets | $155.8M | $147.9M | $140.8M |
| Total Assets | $219.0M | $213.4M | $201.5M |
| YoY Change | 172.73% | 165.75% | 149.68% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $20.40M | $15.60M | $12.60M |
| YoY Change | 436.84% | 345.71% | 350.0% |
| Accrued Expenses | $18.10M | $12.40M | $13.00M |
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | ||
| Long-Term Debt Due | $7.900M | $16.60M | $14.20M |
| YoY Change | |||
| Total Short-Term Liabilities | $61.20M | $66.90M | $56.30M |
| YoY Change | 1266.68% | 1572.5% | 1624.02% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $115.9M | $110.3M | $103.7M |
| YoY Change | |||
| Other Long-Term Liabilities | $44.20M | $38.30M | $34.50M |
| YoY Change | 1478.57% | 1267.86% | 1132.14% |
| Total Long-Term Liabilities | $160.1M | $148.6M | $138.2M |
| YoY Change | 5617.86% | 5207.14% | 4835.71% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $61.20M | $66.90M | $56.30M |
| Total Long-Term Liabilities | $160.1M | $148.6M | $138.2M |
| Total Liabilities | $221.4M | $215.5M | $194.5M |
| YoY Change | 2942.05% | 3069.12% | 3106.6% |
| 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 | -$2.300M | -$2.100M | $7.100M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $219.0M | $213.4M | $201.5M |
| YoY Change | 172.86% | 165.75% | 149.68% |
Cashflow Statement
| Concept | 2017 Q3 | 2017 Q2 | 2017 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$9.280M | -$8.330M | -$9.120M |
| YoY Change | 1837.64% | 608.08% | 3601.9% |
| Depreciation, Depletion And Amortization | $9.930M | $8.710M | $8.000M |
| YoY Change | |||
| Cash From Operating Activities | $14.05M | $16.50M | -$3.390M |
| YoY Change | -5720.0% | -4814.29% | 1312.5% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$6.320M | -$8.730M | -$12.71M |
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | ||
| YoY Change | -100.0% | ||
| Cash From Investing Activities | -$6.320M | -$8.730M | -$12.71M |
| YoY Change | -12740.0% | -17560.0% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -9.390M | 1.080M | -2.820M |
| YoY Change | -4795.0% | -664.0% | |
| NET CHANGE | |||
| Cash From Operating Activities | 14.05M | 16.50M | -3.390M |
| Cash From Investing Activities | -6.320M | -8.730M | -12.71M |
| Cash From Financing Activities | -9.390M | 1.080M | -2.820M |
| Net Change In Cash | -1.660M | 8.850M | -18.92M |
| YoY Change | 1901238856362666000.0% | -3050.0% | -7376.92% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $14.05M | $16.50M | -$3.390M |
| Capital Expenditures | -$6.320M | -$8.730M | -$12.71M |
| Free Cash Flow | $20.37M | $25.23M | $9.320M |
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2016Q2 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
4737000 | USD |
| CY2016Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
6344000 | USD |
| CY2017 | inse |
Description Of Earnout Adjusted Discount Rate
DescriptionOfEarnoutAdjustedDiscountRate
|
<p style="font: 10pt/107% TimesNewRoman; margin: 0 0 8pt"><font style="font: 10pt Times New Roman, Times, Serif">The key assumptions in applying the Monte Carlo simulation include the Earnout Period EBITDA in the Earnout Jurisdictions for the twelve months ending September 30, 2018, a risk-adjusted discount rate of 12.3% as of September 30, 2017, a standard deviation of 48.8% as of September 30, 2017 (based on the expected standard deviation of the Earnout Period EBITDA), a normal distribution of Earnout Period EIBTDA and a Monte Carlo simulation run 100,000 times.</font></p> | |
| CY2017Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
7018000 | USD |
| CY2016Q4 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
4909000 | USD |
| CY2017Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
5683000 | USD |
| CY2017Q2 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
9074000 | USD |
| CY2015Q4 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
4705000 | USD |
| CY2016Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
4628000 | USD |
