2014 Q2 Form 10-Q Financial Statement

#000110465914036103 Filed on May 08, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2014 Q1 2013 Q1
Revenue $0.00 $0.00 $0.00
YoY Change -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $7.870M $6.730M $3.980M
YoY Change 4.38% 69.1% 57.31%
% of Gross Profit
Research & Development $14.94M $11.35M $10.33M
YoY Change 22.22% 9.83% 118.06%
% of Gross Profit
Depreciation & Amortization $170.0K $167.0K $148.0K
YoY Change 13.33% 12.84% 8.82%
% of Gross Profit
Operating Expenses $22.82M $18.08M $14.31M
YoY Change 15.41% 26.35% 96.99%
Operating Profit -$22.82M -$18.08M -$14.31M
YoY Change 175.92% 26.35% 96.99%
Interest Expense $595.0K $606.0K $643.0K
YoY Change -6.3% -5.75% 32050.0%
% of Operating Profit
Other Income/Expense, Net $175.0K -$19.00K $2.000K
YoY Change -1050.0% -80.0%
Pretax Income -$23.22M -$18.69M -$14.90M
YoY Change 162.3% 25.42% 117.73%
Income Tax $0.00 -$4.389M -$1.221M
% Of Pretax Income
Net Earnings -$23.22M -$14.30M -$13.68M
YoY Change 162.25% 4.55% 99.82%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$591.3K -$364.4K -$433.6K
COMMON SHARES
Basic Shares Outstanding 39.27M shares 39.24M shares 31.55M shares
Diluted Shares Outstanding 39.27M shares 39.24M shares 31.55M shares

Balance Sheet

Concept 2014 Q2 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $82.70M $101.3M $81.60M
YoY Change 7.68% 24.14% 15.25%
Cash & Equivalents $82.70M $101.3M $79.43M
Short-Term Investments
Other Short-Term Assets $4.000M $5.000M $1.400M
YoY Change 122.22% 257.14% 600.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $86.70M $106.2M $83.03M
YoY Change 10.35% 27.92% 16.94%
LONG-TERM ASSETS
Property, Plant & Equipment $4.778M $1.977M $1.681M
YoY Change 151.47% 17.61% -11.53%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $400.0K $200.0K $100.0K
YoY Change 300.0% 100.0% 0.0%
Total Long-Term Assets $63.41M $60.41M $59.99M
YoY Change 5.4% 0.7% -3.71%
TOTAL ASSETS
Total Short-Term Assets $86.70M $106.2M $83.03M
Total Long-Term Assets $63.41M $60.41M $59.99M
Total Assets $150.1M $166.6M $143.0M
YoY Change 8.21% 16.5% 7.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.41M $9.818M $8.184M
YoY Change 44.39% 19.97% 182.21%
Accrued Expenses $4.546M $3.143M $5.329M
YoY Change 42.6% -41.02% 432.9%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.281M $5.187M $4.875M
YoY Change -30.19% 6.4% 4775.0%
Total Short-Term Liabilities $21.82M $20.00M $20.27M
YoY Change 20.53% -1.35% 394.44%
LONG-TERM LIABILITIES
Long-Term Debt $16.49M $14.57M $14.51M
YoY Change 10.74% 0.4% 14411.0%
Other Long-Term Liabilities $300.0K $300.0K $600.0K
YoY Change -40.0% -50.0% -33.33%
Total Long-Term Liabilities $16.49M $14.57M $14.51M
YoY Change 10.74% 0.4% 1351.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.82M $20.00M $20.27M
Total Long-Term Liabilities $16.49M $14.57M $14.51M
Total Liabilities $38.56M $34.88M $35.41M
YoY Change 16.87% -1.49% 594.33%
SHAREHOLDERS EQUITY
Retained Earnings -$429.1M -$405.9M -$349.2M
YoY Change 16.23%
Common Stock $393.0K $393.0K $316.0K
YoY Change 24.37%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $111.5M $131.7M $107.6M
YoY Change
Total Liabilities & Shareholders Equity $150.1M $166.6M $143.0M
YoY Change 8.21% 16.5% 7.29%

Cashflow Statement

Concept 2014 Q2 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income -$23.22M -$14.30M -$13.68M
YoY Change 162.25% 4.55% 99.82%
Depreciation, Depletion And Amortization $170.0K $167.0K $148.0K
YoY Change 13.33% 12.84% 8.82%
Cash From Operating Activities -$17.93M -$12.65M -$11.21M
YoY Change 250.88% 12.85% 99.82%
INVESTING ACTIVITIES
Capital Expenditures -$570.0K $331.0K $163.0K
YoY Change 72.73% 103.07% 146.97%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$570.0K -$330.0K -$160.0K
YoY Change 72.73% 106.25% -101.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -60.00K 340.0K 20.00K
YoY Change -110.0% 1600.0% -166.67%
NET CHANGE
Cash From Operating Activities -17.93M -12.65M -11.21M
Cash From Investing Activities -570.0K -330.0K -160.0K
Cash From Financing Activities -60.00K 340.0K 20.00K
Net Change In Cash -18.56M -12.64M -11.35M
YoY Change 283.47% 11.37% -257.64%
FREE CASH FLOW
Cash From Operating Activities -$17.93M -$12.65M -$11.21M
Capital Expenditures -$570.0K $331.0K $163.0K
Free Cash Flow -$17.36M -$12.98M -$11.37M
YoY Change 263.18% 14.14% 100.37%

Facts In Submission

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LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
3626000 USD
CY2014Q1 us-gaap Assets Current
AssetsCurrent
106209000 USD
CY2014Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4958000 USD
CY2014Q1 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
17000 USD
CY2014Q1 insm Increase Decrease In Accrued Liabilities And Deferred Rent Credit
IncreaseDecreaseInAccruedLiabilitiesAndDeferredRentCredit
-770000 USD
CY2013Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1221000 USD
CY2014Q1 us-gaap Other Assets
OtherAssets
234000 USD
CY2014Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
9818000 USD
CY2014Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1371000 USD
CY2014Q1 us-gaap Accrued Rent Current
AccruedRentCurrent
310000 USD
CY2014Q1 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
121000 USD
CY2014Q1 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
48000 USD
CY2014Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
5187000 USD
CY2014Q1 us-gaap Accrued Rent Noncurrent
AccruedRentNoncurrent
315000 USD
CY2014Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
537264000 USD
CY2014Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
102000 USD
CY2014Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2600000 USD
CY2014Q1 us-gaap Interest Expense
InterestExpense
606000 USD
CY2014Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3889000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2013Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
2000 USD

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