2017 Q2 Form 10-Q Financial Statement

#000163159617000011 Filed on August 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $22.23M $12.56M
YoY Change 76.99% 286.46%
Cost Of Revenue $3.230M $1.200M
YoY Change 169.17%
Gross Profit $19.00M $11.36M
YoY Change 67.25% 249.54%
Gross Profit Margin 85.47% 90.45%
Selling, General & Admin $4.450M $2.130M
YoY Change 108.92%
% of Gross Profit 23.42% 18.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $4.451M $2.133M
YoY Change 108.67% 82.31%
Operating Profit $14.55M $9.227M
YoY Change 57.68% 343.61%
Interest Expense $3.225M $1.199M
YoY Change 168.97%
% of Operating Profit 22.17% 12.99%
Other Income/Expense, Net $4.780M $5.842M
YoY Change -18.18%
Pretax Income $14.55M $9.229M
YoY Change 57.66% 341.58%
Income Tax $146.0K $72.00K
% Of Pretax Income 1.0% 0.78%
Net Earnings $14.16M $8.870M
YoY Change 59.59% 361.98%
Net Earnings / Revenue 63.68% 70.62%
Basic Earnings Per Share $0.30 $0.51
Diluted Earnings Per Share $0.30 $0.51
COMMON SHARES
Basic Shares Outstanding 46.63M shares 17.25M shares
Diluted Shares Outstanding 46.63M shares 17.25M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $57.00M
YoY Change
Cash & Equivalents $57.01M
Short-Term Investments
Other Short-Term Assets $400.0K
YoY Change
Inventory
Prepaid Expenses
Receivables $5.300M
Other Receivables $0.00
Total Short-Term Assets $62.70M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $41.40M
YoY Change
Other Assets $2.900M
YoY Change
Total Long-Term Assets $6.568B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $62.70M
Total Long-Term Assets $6.568B
Total Assets $6.630B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.500M
YoY Change
Accrued Expenses $5.356B
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.377B
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $177.2M
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $177.2M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $5.377B
Total Long-Term Liabilities $177.2M
Total Liabilities $5.554B
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings $11.64M
YoY Change
Common Stock $537.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.065B
YoY Change
Total Liabilities & Shareholders Equity $6.630B
YoY Change

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $14.16M $8.870M
YoY Change 59.59% 361.98%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $14.90M $6.400M
YoY Change 132.81%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$123.3M -$57.80M
YoY Change 113.32%
Cash From Investing Activities -$123.3M -$57.80M
YoY Change 113.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 12.10M 90.70M
YoY Change -86.66%
NET CHANGE
Cash From Operating Activities 14.90M 6.400M
Cash From Investing Activities -123.3M -57.80M
Cash From Financing Activities 12.10M 90.70M
Net Change In Cash -96.30M 39.30M
YoY Change -345.04%
FREE CASH FLOW
Cash From Operating Activities $14.90M $6.400M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates </font><font style="font-family:inherit;font-size:10pt;">&#8212; The preparation of </font><font style="font-family:inherit;font-size:10pt;">condensed consolidated</font><font style="font-family:inherit;font-size:10pt;"> financial statements in conformity with </font><font style="font-family:inherit;font-size:10pt;">GAAP</font><font style="font-family:inherit;font-size:10pt;"> requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the </font><font style="font-family:inherit;font-size:10pt;">condensed consolidated</font><font style="font-family:inherit;font-size:10pt;"> financial statements and the reported amounts of revenue and expenses during the reporting period. Management makes subjective estimates to project cash flows </font><font style="font-family:inherit;font-size:10pt;">KREF</font><font style="font-family:inherit;font-size:10pt;"> expects to receive on its investments in loans and securities as well as the related market discount rates, which significantly impacts the interest income, impairments, allowance for loan loss and fair values recorded or disclosed. Actual results could differ from those estimates.</font></div></div>

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