2016 Q3 Form 10-Q Financial Statement

#000149524016000002 Filed on August 02, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2016 Q2 2015 Q2
Revenue $4.469M $4.244M $2.784M
YoY Change 44.93% 52.45% 77.78%
Cost Of Revenue $550.0K $540.0K $480.0K
YoY Change 0.0% 12.5% -60.28%
Gross Profit $3.920M $3.700M $2.300M
YoY Change 54.94% 60.87% 543.4%
Gross Profit Margin 87.72% 87.18% 82.62%
Selling, General & Admin $560.0K $750.0K $510.0K
YoY Change 12.0% 47.06% 34.21%
% of Gross Profit 14.29% 20.27% 22.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.432M $1.335M $711.8K
YoY Change 76.91% 87.55% 115.38%
% of Gross Profit 36.53% 36.08% 30.95%
Operating Expenses $2.663M $2.650M $1.889M
YoY Change 39.01% 40.29% 56.33%
Operating Profit $1.806M $1.594M $894.7K
YoY Change 54.67% 78.17% 150.27%
Interest Expense $1.554M $1.487M $947.4K
YoY Change 46.0% 56.96% 133.46%
% of Operating Profit 86.05% 93.29% 105.89%
Other Income/Expense, Net -$1.771M -$1.478M -$925.0K
YoY Change 84.24% 59.79% 41.88%
Pretax Income $34.60K $115.9K -$30.29K
YoY Change -83.24% -482.52% -89.71%
Income Tax $0.00
% Of Pretax Income
Net Earnings $32.00K $108.0K -$30.29K
YoY Change -84.5% -456.57% -89.94%
Net Earnings / Revenue 0.72% 2.54% -1.09%
Basic Earnings Per Share
Diluted Earnings Per Share $2.994K $11.01K -$3.052K
COMMON SHARES
Basic Shares Outstanding 10.02M shares 9.993M shares 7.754M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q3 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.400M $2.100M $3.200M
YoY Change -11.11% -34.38% -15.79%
Cash & Equivalents $2.397M $2.077M $3.159M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $2.400M $2.100M $3.200M
YoY Change -11.11% -34.38% -15.79%
LONG-TERM ASSETS
Property, Plant & Equipment $309.2M $268.6M $180.5M
YoY Change 46.4% 48.81% 107.95%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $100.0K $100.0K $1.300M
YoY Change -92.86% -92.31% 30.0%
Total Long-Term Assets $313.9M $273.1M $186.0M
YoY Change 45.0% 46.81% 106.75%
TOTAL ASSETS
Total Short-Term Assets $2.400M $2.100M $3.200M
Total Long-Term Assets $313.9M $273.1M $186.0M
Total Assets $316.3M $275.2M $189.2M
YoY Change 44.31% 45.43% 101.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.200M $3.900M $2.900M
YoY Change -18.52% 34.48% 314.29%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.800M $4.600M $3.500M
YoY Change -12.5% 31.43% 250.0%
LONG-TERM LIABILITIES
Long-Term Debt $218.0M $180.5M $110.5M
YoY Change 55.6% 63.35% 149.44%
Other Long-Term Liabilities $8.900M $7.800M $3.300M
YoY Change 85.42% 136.36% 135.71%
Total Long-Term Liabilities $226.9M $188.3M $113.8M
YoY Change 56.59% 65.47% 149.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.800M $4.600M $3.500M
Total Long-Term Liabilities $226.9M $188.3M $113.8M
Total Liabilities $229.8M $193.0M $117.3M
YoY Change 55.06% 64.48% 151.13%
SHAREHOLDERS EQUITY
Retained Earnings -$12.20M -$10.99M -$7.257M
YoY Change 49.88% 51.42% 69.7%
Common Stock $89.39M $87.50M $79.16M
YoY Change 12.92% 10.55% 1212112.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $77.19M $76.52M $71.90M
YoY Change
Total Liabilities & Shareholders Equity $316.3M $275.2M $189.2M
YoY Change 44.31% 45.43% 101.78%

Cashflow Statement

Concept 2016 Q3 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $32.00K $108.0K -$30.29K
YoY Change -84.5% -456.57% -89.94%
Depreciation, Depletion And Amortization $1.432M $1.335M $711.8K
YoY Change 76.91% 87.55% 115.38%
Cash From Operating Activities $940.0K $2.740M $1.340M
YoY Change -65.06% 104.48% 282.86%
INVESTING ACTIVITIES
Capital Expenditures -$37.04M -$21.33M -$16.60M
YoY Change 19.25% 28.49% 39.73%
Acquisitions
YoY Change
Other Investing Activities -$90.00K -$150.0K -$530.0K
YoY Change -75.68% -71.7% 253.33%
Cash From Investing Activities -$37.13M -$21.48M -$17.13M
YoY Change 18.1% 25.39% 42.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 36.50M 18.63M 16.77M
YoY Change 29.07% 11.09% 751.27%
NET CHANGE
Cash From Operating Activities 940.0K 2.740M 1.340M
Cash From Investing Activities -37.13M -21.48M -17.13M
Cash From Financing Activities 36.50M 18.63M 16.77M
Net Change In Cash 310.0K -110.0K 980.0K
YoY Change -165.96% -111.22% -110.09%
FREE CASH FLOW
Cash From Operating Activities $940.0K $2.740M $1.340M
Capital Expenditures -$37.04M -$21.33M -$16.60M
Free Cash Flow $37.98M $24.07M $17.94M
YoY Change 12.53% 34.17% 46.69%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Stock Issued During Period Value Acquisitions
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us-gaap Prior Period Reclassification Adjustment Description
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain line items on the </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Condensed Consolidated Balance Sheet</font><font style="font-family:inherit;font-size:10pt;"> as of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, the </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Condensed Consolidated Statement of Operations</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;">three and six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, and the </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Condensed Consolidated Statement of Cash Flows</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, have been reclassified to conform to the current period&#8217;s presentation. These reclassifications had no impact on previously-reported stockholders&#8217; equity, net income or net change in cash and cash equivalents.</font></div></div>
us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could materially differ from those estimates.</font></div></div>

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