2013 Q4 Form 10-K Financial Statement

#000104746914001864 Filed on March 06, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2013 Q2
Revenue $0.00 $0.00 $11.50M
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $5.970M $4.750M $7.540M
YoY Change 40.47% 30.14% 236.61%
% of Gross Profit
Research & Development $9.630M $12.10M $12.23M
YoY Change -16.91% 111.97% 57.84%
% of Gross Profit
Depreciation & Amortization $200.0K $180.0K $150.0K
YoY Change 33.33% 28.57% 15.38%
% of Gross Profit
Operating Expenses $15.59M $16.84M $19.77M
YoY Change -1.58% 80.07% 98.03%
Operating Profit -$15.59M -$16.84M -$8.269M
YoY Change -1.54% 80.07% -17.17%
Interest Expense -$590.0K $525.0K $635.0K
YoY Change -255.26% 136.49% 63400.0%
% of Operating Profit
Other Income/Expense, Net -$40.00K $0.00 $0.00
YoY Change
Pretax Income -$16.21M -$17.33M -$8.854M
YoY Change 4.85% 84.68% -8.67%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$16.21M -$17.33M -$8.854M
YoY Change 4.94% 84.68% -8.68%
Net Earnings / Revenue -76.99%
Basic Earnings Per Share
Diluted Earnings Per Share -$413.6K -$463.5K -$278.7K
COMMON SHARES
Basic Shares Outstanding 39.11M shares 37.39M shares 31.75M shares
Diluted Shares Outstanding 37.39M shares 31.75M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $113.9M $128.0M $76.80M
YoY Change 22.6% 42.7% 5.06%
Cash & Equivalents $113.9M $128.0M $74.59M
Short-Term Investments
Other Short-Term Assets $2.300M $1.700M $1.800M
YoY Change 283.33% 183.33% 157.14%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $116.2M $129.7M $78.57M
YoY Change 24.13% 43.52% 6.31%
LONG-TERM ASSETS
Property, Plant & Equipment $1.812M $1.904M $1.900M
YoY Change 8.76% 19.0% 5.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $300.0K $100.0K $100.0K
YoY Change 200.0% 0.0% 0.0%
Total Long-Term Assets $60.34M $60.21M $60.16M
YoY Change 0.59% -3.05% -3.28%
TOTAL ASSETS
Total Short-Term Assets $116.2M $129.7M $78.57M
Total Long-Term Assets $60.34M $60.21M $60.16M
Total Assets $176.5M $190.0M $138.7M
YoY Change 14.94% 24.56% 1.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.929M $4.661M $7.900M
YoY Change -16.02% 55.37% 146.88%
Accrued Expenses $3.905M $5.652M $3.188M
YoY Change 33.14% 109.33% 6.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.283M $7.055M $4.700M
YoY Change 9.18% 907.86% 4600.0%
Total Short-Term Liabilities $16.46M $19.82M $18.10M
YoY Change 4.5% 204.95% 178.48%
LONG-TERM LIABILITIES
Long-Term Debt $16.34M $12.54M $14.89M
YoY Change 0.72% 45.79% 63.67%
Other Long-Term Liabilities $400.0K $400.0K $500.0K
YoY Change -33.33% -42.86% -37.5%
Total Long-Term Liabilities $16.34M $12.54M $14.89M
YoY Change 0.72% 34.82% 50.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.46M $19.82M $18.10M
Total Long-Term Liabilities $16.34M $12.54M $14.89M
Total Liabilities $33.17M $32.83M $33.00M
YoY Change 1.51% 107.75% 102.42%
SHAREHOLDERS EQUITY
Retained Earnings -$391.6M -$375.4M
YoY Change 16.71%
Common Stock $391.0K $391.0K
YoY Change 24.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $143.3M $157.1M $105.2M
YoY Change
Total Liabilities & Shareholders Equity $176.5M $190.0M $138.7M
YoY Change 14.94% 24.56% 1.93%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2013 Q2
OPERATING ACTIVITIES
Net Income -$16.21M -$17.33M -$8.854M
YoY Change 4.94% 84.68% -8.68%
Depreciation, Depletion And Amortization $200.0K $180.0K $150.0K
YoY Change 33.33% 28.57% 15.38%
Cash From Operating Activities -$14.05M -$16.29M -$5.110M
YoY Change 57.51% 77.26% -29.9%
INVESTING ACTIVITIES
Capital Expenditures -$120.0K -$220.0K -$330.0K
YoY Change -29.41% 1000.0% 1000.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $2.160M $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$110.0K $1.930M -$330.0K
YoY Change -100.25% -6533.33% -108.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $67.00M
YoY Change 160.7%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 40.00K 67.79M 600.0K
YoY Change -99.61% 164.49% -93.81%
NET CHANGE
Cash From Operating Activities -14.05M -16.29M -5.110M
Cash From Investing Activities -110.0K 1.930M -330.0K
Cash From Financing Activities 40.00K 67.79M 600.0K
Net Change In Cash -14.12M 53.43M -4.840M
YoY Change -130.83% 225.59% -174.23%
FREE CASH FLOW
Cash From Operating Activities -$14.05M -$16.29M -$5.110M
Capital Expenditures -$120.0K -$220.0K -$330.0K
Free Cash Flow -$13.93M -$16.07M -$4.780M
YoY Change 59.2% 75.25% -34.16%

Facts In Submission

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CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
-16214000 USD
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
-6845000 USD
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
-9696000 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
-9382000 USD
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
-15451000 USD
CY2012Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.28
CY2012Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.39
CY2013Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.43
CY2013Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.28
CY2013Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.46
CY2013Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.41
CY2012Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.38
CY2012Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.49
CY2012Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
6304102 shares
CY2012Q3 us-gaap Share Price
SharePrice
4.07
CY2012Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
25700000 USD
CY2011 us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
9200000 USD
CY2011 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
6300000 USD
CY2012Q4 insm Unrecognized Tax Benefits Reserves
UnrecognizedTaxBenefitsReserves
0 USD
CY2013Q4 insm Unrecognized Tax Benefits Reserves
UnrecognizedTaxBenefitsReserves
0 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
3626000 USD
CY2012Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4000 USD
CY2011 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1000 USD
CY2013 insm Adjustments To Additional Paid In Capital Sharebased Compensation For Liability Awards
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationForLiabilityAwards
3371000 USD
CY2013 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
100000 USD

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