2019 Q2 Form 10-Q Financial Statement

#000119312519142603 Filed on May 09, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2019 Q1 2018 Q1
Revenue $6.713M $5.675M
YoY Change 18.29% 7.99%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $130.0K $170.0K $130.0K
YoY Change 30.0% 30.77% 30.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $2.269M $1.370M
YoY Change 65.62% 52.56%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.420M $1.090M $1.274M
YoY Change 94.52% -14.44% -3.7%
Income Tax $380.0K $286.0K $280.0K
% Of Pretax Income 26.76% 26.24% 21.98%
Net Earnings $1.030M $804.0K $994.0K
YoY Change 106.0% -19.11% 17.77%
Net Earnings / Revenue 11.98% 17.52%
Basic Earnings Per Share $0.24 $0.27
Diluted Earnings Per Share $306.5K $0.24 $0.27
COMMON SHARES
Basic Shares Outstanding 3.581M shares 3.360M 3.660M shares
Diluted Shares Outstanding 3.405M 3.699M shares

Balance Sheet

Concept 2019 Q2 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $59.60M $6.558M $9.977M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $10.71M $10.68M $9.385M
YoY Change 4.69% 13.8% 92.08%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.100M $2.700M $3.600M
YoY Change -47.5% -25.0% 12.5%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $723.9M $662.5M $619.3M
YoY Change 13.3% 6.98% 4.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.500M $1.800M $1.300M
YoY Change 200.0% 38.46% 18.18%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $2.000M $2.200M $2.700M
YoY Change -13.04% -18.52% 12.5%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.500M $1.800M $1.300M
YoY Change 200.0% 38.46% 18.18%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $6.800M $6.700M $5.900M
YoY Change 4.62% 13.56% -3.28%
Total Long-Term Liabilities $6.800M $6.700M $5.900M
YoY Change 4.62% 13.56% -3.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.500M $1.800M $1.300M
Total Long-Term Liabilities $6.800M $6.700M $5.900M
Total Liabilities $641.4M $582.4M $537.7M
YoY Change 15.1% 8.32% 5.79%
SHAREHOLDERS EQUITY
Retained Earnings $35.36M $34.35M $38.76M
YoY Change -9.08% -11.38% 0.87%
Common Stock $48.85M $48.74M $48.29M
YoY Change 0.93% 0.94% 0.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $82.46M $80.11M $81.61M
YoY Change
Total Liabilities & Shareholders Equity $723.9M $662.5M $619.3M
YoY Change 13.3% 6.98% 4.71%

Cashflow Statement

Concept 2019 Q2 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $1.030M $804.0K $994.0K
YoY Change 106.0% -19.11% 17.77%
Depreciation, Depletion And Amortization $130.0K $170.0K $130.0K
YoY Change 30.0% 30.77% 30.0%
Cash From Operating Activities $2.000M $1.080M $290.0K
YoY Change -38.65% 272.41% -86.19%
INVESTING ACTIVITIES
Capital Expenditures -$160.0K -$30.00K -$100.0K
YoY Change -82.8% -70.0% -28.57%
Acquisitions
YoY Change
Other Investing Activities -$6.960M $3.270M -$5.040M
YoY Change -72.84% -164.88% -1128.57%
Cash From Investing Activities -$7.120M $3.240M -$5.130M
YoY Change -73.21% -163.16% -1608.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 58.16M -4.790M 8.120M
YoY Change 221.33% -158.99% -7.62%
NET CHANGE
Cash From Operating Activities 2.000M 1.080M 290.0K
Cash From Investing Activities -7.120M 3.240M -5.130M
Cash From Financing Activities 58.16M -4.790M 8.120M
Net Change In Cash 53.04M -470.0K 3.280M
YoY Change -1116.09% -114.33% -70.79%
FREE CASH FLOW
Cash From Operating Activities $2.000M $1.080M $290.0K
Capital Expenditures -$160.0K -$30.00K -$100.0K
Free Cash Flow $2.160M $1.110M $390.0K
YoY Change -48.45% 184.62% -82.59%

Facts In Submission

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StockRepurchasedDuringPeriodAverageCostPerShare
20.00
CY2018Q1 iroq Supervisory Examinations
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35000

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