$JANL
JANEL CORP

2017 Q1 Form 10-Q Financial Statement

#000114420417026963 Filed on May 12, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q3 2016 Q1
Revenue $13.42M $18.61M $16.65M
YoY Change -19.42% -32.47% 12.5%
Cost Of Revenue $13.50M $14.10M $13.14M
YoY Change 2.74% -41.1% 7.7%
Gross Profit $4.340M $4.510M $3.510M
YoY Change 23.64% 24.59% 35.0%
Gross Profit Margin 32.35% 24.23% 21.08%
Selling, General & Admin $3.552M $3.340M $3.303M
YoY Change 7.54% 9.87% 36.06%
% of Gross Profit 81.85% 74.06% 94.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $220.0K $210.0K $130.0K
YoY Change 69.23% 133.33% 44.44%
% of Gross Profit 5.07% 4.66% 3.7%
Operating Expenses $12.82M $3.540M $16.57M
YoY Change -22.64% 26.43% 12.69%
Operating Profit $596.0K $970.0K $77.12K
YoY Change 672.83% 18.29% -17.13%
Interest Expense -$192.0K -$200.0K -$139.7K
YoY Change 37.44% 53.85% 4.66%
% of Operating Profit -32.21% -20.62% -181.15%
Other Income/Expense, Net
YoY Change
Pretax Income $404.0K $770.0K -$62.58K
YoY Change -745.54% 11.59% 54.86%
Income Tax $138.0K -$2.250M $23.39K
% Of Pretax Income 34.16% -292.21%
Net Earnings $240.0K $3.010M -$259.5K
YoY Change -192.48% 568.89% 141.06%
Net Earnings / Revenue 1.79% 16.17% -1.56%
Basic Earnings Per Share $0.00 -$0.57
Diluted Earnings Per Share $0.00 $4.778M -$0.54
COMMON SHARES
Basic Shares Outstanding 574.0K 574.0K shares
Diluted Shares Outstanding 679.4K 606.6K shares

Balance Sheet

Concept 2017 Q1 2016 Q3 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $760.0K $970.0K $1.120M
YoY Change -32.14% 3.19% 489.47%
Cash & Equivalents $760.0K $965.1K $1.117M
Short-Term Investments
Other Short-Term Assets $290.0K $230.0K $250.0K
YoY Change 16.0% 15.0% 56.25%
Inventory $376.2K $356.9K $361.5K
Prepaid Expenses
Receivables $12.36M $12.35M $10.99M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $13.79M $13.91M $12.71M
YoY Change 8.5% -2.24% 36.37%
LONG-TERM ASSETS
Property, Plant & Equipment $360.0K $287.4K $230.0K
YoY Change 56.52% 270.87% 187.5%
Goodwill $8.443M $8.443M $4.403M
YoY Change 91.77% 531.73%
Intangibles $11.99M $12.37M
YoY Change 135.14%
Long-Term Investments
YoY Change
Other Assets $110.0K $21.76M $100.0K
YoY Change 10.0% 131.36% 0.0%
Total Long-Term Assets $21.55M $22.05M $22.18M
YoY Change -2.84% 132.5% 208.91%
TOTAL ASSETS
Total Short-Term Assets $13.79M $13.91M $12.71M
Total Long-Term Assets $21.55M $22.05M $22.18M
Total Assets $35.34M $35.96M $34.89M
YoY Change 1.29% 51.65% 111.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.610M $10.00M $10.22M
YoY Change -5.97% -15.97% 37.18%
Accrued Expenses $1.320M $1.255M $770.0K
YoY Change 71.43% 104.44% 57.14%
Deferred Revenue
YoY Change
Short-Term Debt $6.460M $6.500M $6.810M
YoY Change -5.14% 8.7% 56.91%
Long-Term Debt Due $857.1K $857.1K $480.0K
YoY Change 78.57% 0.0%
Total Short-Term Liabilities $18.90M $19.03M $18.28M
YoY Change 3.39% -1.09% 43.26%
LONG-TERM LIABILITIES
Long-Term Debt $4.127M $4.617M $5.143M
YoY Change -19.75% 477.85%
Other Long-Term Liabilities $80.00K
YoY Change 0.0%
Total Long-Term Liabilities $4.206M $5.166M $5.143M
YoY Change -18.23% 417.96% 430.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.90M $19.03M $18.28M
Total Long-Term Liabilities $4.206M $5.166M $5.143M
Total Liabilities $23.10M $24.20M $25.05M
YoY Change -7.75% 19.57% 82.42%
SHAREHOLDERS EQUITY
Retained Earnings -$1.960M -$2.162M
YoY Change -56.43%
Common Stock $574.00 $574.00
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $240.0K $0.00
YoY Change
Treasury Stock Shares 20.00K shares
Shareholders Equity $10.53M $10.76M $7.594M
YoY Change
Total Liabilities & Shareholders Equity $34.68M $35.96M $34.89M
YoY Change -0.61% 51.65% 111.45%

Cashflow Statement

Concept 2017 Q1 2016 Q3 2016 Q1
OPERATING ACTIVITIES
Net Income $240.0K $3.010M -$259.5K
YoY Change -192.48% 568.89% 141.06%
Depreciation, Depletion And Amortization $220.0K $210.0K $130.0K
YoY Change 69.23% 133.33% 44.44%
Cash From Operating Activities $320.0K $480.0K $1.000M
YoY Change -68.0% 1500.0% -444.83%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K -$100.0K -$20.00K
YoY Change -50.0% -433.33% -50.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$10.72M
YoY Change -100.0%
Cash From Investing Activities -$10.00K -$100.0K -$10.74M
YoY Change -99.91% -95.98% 26750.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -340.0K 0.000 10.25M
YoY Change -103.32% -100.0% 3103.13%
NET CHANGE
Cash From Operating Activities 320.0K 480.0K 1.000M
Cash From Investing Activities -10.00K -100.0K -10.74M
Cash From Financing Activities -340.0K 0.000 10.25M
Net Change In Cash -30.00K 380.0K 510.0K
YoY Change -105.88% -37.7% -5200.0%
FREE CASH FLOW
Cash From Operating Activities $320.0K $480.0K $1.000M
Capital Expenditures -$10.00K -$100.0K -$20.00K
Free Cash Flow $330.0K $580.0K $1.020M
YoY Change -67.65% 3188583720550401000.0% -508.0%

Facts In Submission

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Goodwill
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CY2016Q1 us-gaap Business Combination Acquisition Of Less Than100 Percent Noncontrolling Interest Fair Value
BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue
918258 USD
CY2016Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
11000000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1285070 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
906734 USD
CY2017Q1 us-gaap Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
485365 USD
CY2016Q3 us-gaap Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
971108 USD
us-gaap Gross Profit
GrossProfit
8443118 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
130608 USD
CY2017Q1 us-gaap Gross Profit
GrossProfit
4339651 USD
CY2017Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
12075 USD
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2017-03-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Registrant Name
EntityRegistrantName
JANEL CORP
dei Entity Central Index Key
EntityCentralIndexKey
0001133062
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Trading Symbol
TradingSymbol
JANL
CY2017Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
553951 shares
CY2017Q1 us-gaap Treasury Stock Value
TreasuryStockValue
240000 USD
CY2016Q3 us-gaap Treasury Stock Value
TreasuryStockValue
0 USD
CY2016Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
230000 USD
CY2017Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
230000 USD
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2017Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2016Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000 shares
CY2017Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000 shares
CY2016Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2017Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
59923 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
240000 USD
CY2016Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
4500000 shares
CY2017Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
4500000 shares
CY2017Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
573951 shares
CY2016Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
573951 shares
CY2017Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
553951 shares
CY2016Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
573951 shares
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.08
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.35
CY2016Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.14
CY2017Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.31
CY2017Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
CY2016Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.26
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.30
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.45
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.54
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
973232 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1418944 USD
us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
10734663 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
4352663 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
129258 USD
us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
12102838 USD
janl Noncash Or Part Noncash Acquisition Treasury Stock Acquired
NoncashOrPartNoncashAcquisitionTreasuryStockAcquired
0 USD
janl Noncash Or Part Noncash Acquisition Treasury Stock Acquired
NoncashOrPartNoncashAcquisitionTreasuryStockAcquired
-240000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
12373266 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11994930 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
13280000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
13280000 USD
CY2016Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2083 USD

Files In Submission

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0001144204-17-026963.txt Edgar Link pending
0001144204-17-026963-xbrl.zip Edgar Link pending
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janl-20170331.xml Edgar Link completed
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