2017 Q4 Form 10-Q Financial Statement

#000149524017000019 Filed on November 07, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q4
Revenue $6.812M $6.564M $4.921M
YoY Change 38.43% 46.88% 44.38%
Cost Of Revenue $1.010M $780.0K $550.0K
YoY Change 83.64% 41.82% 1.85%
Gross Profit $5.800M $5.780M $4.370M
YoY Change 32.72% 47.45% 52.26%
Gross Profit Margin 85.14% 88.06% 88.8%
Selling, General & Admin $680.0K $850.0K $660.0K
YoY Change 3.03% 51.79% 43.48%
% of Gross Profit 11.72% 14.71% 15.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.120M $2.051M $1.450M
YoY Change 46.21% 43.23% 81.25%
% of Gross Profit 36.55% 35.48% 33.18%
Operating Expenses $2.790M $3.645M $2.664M
YoY Change 4.74% 36.86% 43.49%
Operating Profit $3.010M $2.919M $1.706M
YoY Change 76.42% 61.63% 68.33%
Interest Expense -$3.240M $2.634M -$2.180M
YoY Change 48.62% 69.5% 81.67%
% of Operating Profit -107.64% 90.24% -127.77%
Other Income/Expense, Net -$3.162M -$3.166M -$2.174M
YoY Change 45.45% 78.77% 83.6%
Pretax Income -$220.0K -$250.0K $83.04K
YoY Change -364.95% -822.52% -77.43%
Income Tax
% Of Pretax Income
Net Earnings -$189.0K -$221.0K $74.00K
YoY Change -355.41% -790.63% -79.88%
Net Earnings / Revenue -2.77% -3.37% 1.5%
Basic Earnings Per Share
Diluted Earnings Per Share -$13.89K -$17.93K $6.979K
COMMON SHARES
Basic Shares Outstanding 13.64M shares 12.01M shares 10.02M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.900M $3.800M $2.400M
YoY Change 20.83% 58.33% -4.0%
Cash & Equivalents $2.938M $3.758M $2.438M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $1.500M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $4.400M $3.800M $2.400M
YoY Change 83.33% 58.33% -4.0%
LONG-TERM ASSETS
Property, Plant & Equipment $449.5M $444.4M $326.3M
YoY Change 37.76% 43.73% 47.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $200.0K $200.0K
YoY Change 100.0% 100.0%
Total Long-Term Assets $457.9M $452.8M $331.6M
YoY Change 38.09% 44.23% 46.6%
TOTAL ASSETS
Total Short-Term Assets $4.400M $3.800M $2.400M
Total Long-Term Assets $457.9M $452.8M $331.6M
Total Assets $462.3M $456.6M $334.0M
YoY Change 38.41% 44.34% 46.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.400M $4.400M $2.800M
YoY Change 164.29% 100.0% -20.0%
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 $8.300M $5.400M $3.600M
YoY Change 130.56% 92.86% -12.2%
LONG-TERM LIABILITIES
Long-Term Debt $328.9M $323.2M $235.0M
YoY Change 39.96% 48.26% 65.84%
Other Long-Term Liabilities $7.100M $9.000M $7.700M
YoY Change -7.79% 1.12% 57.14%
Total Long-Term Liabilities $336.0M $332.2M $242.7M
YoY Change 38.44% 46.41% 65.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.300M $5.400M $3.600M
Total Long-Term Liabilities $336.0M $332.2M $242.7M
Total Liabilities $344.3M $337.6M $246.2M
YoY Change 39.85% 46.92% 63.4%
SHAREHOLDERS EQUITY
Retained Earnings -$17.80M -$13.40M
YoY Change 45.94% 50.66%
Common Stock $129.7M $126.9M $90.09M
YoY Change 43.99% 41.93% 3.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $109.9M $109.1M $76.69M
YoY Change
Total Liabilities & Shareholders Equity $462.3M $456.6M $334.0M
YoY Change 38.41% 44.34% 46.05%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q4
OPERATING ACTIVITIES
Net Income -$189.0K -$221.0K $74.00K
YoY Change -355.41% -790.63% -79.88%
Depreciation, Depletion And Amortization $2.120M $2.051M $1.450M
YoY Change 46.21% 43.23% 81.25%
Cash From Operating Activities -$1.150M $2.990M $490.0K
YoY Change -334.69% 218.09% 8.89%
INVESTING ACTIVITIES
Capital Expenditures -$8.630M -$39.85M -$15.09M
YoY Change -42.81% 7.59% 54.45%
Acquisitions
YoY Change
Other Investing Activities $4.270M -$300.0K -$650.0K
YoY Change -756.92% 233.33% 490.91%
Cash From Investing Activities -$4.360M -$40.15M -$15.74M
YoY Change -72.3% 8.13% 59.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.690M 38.15M 15.29M
YoY Change -69.33% 4.52% 65.3%
NET CHANGE
Cash From Operating Activities -1.150M 2.990M 490.0K
Cash From Investing Activities -4.360M -40.15M -15.74M
Cash From Financing Activities 4.690M 38.15M 15.29M
Net Change In Cash -820.0K 990.0K 40.00K
YoY Change -2150.0% 219.35% -122.22%
FREE CASH FLOW
Cash From Operating Activities -$1.150M $2.990M $490.0K
Capital Expenditures -$8.630M -$39.85M -$15.09M
Free Cash Flow $7.480M $42.84M $15.58M
YoY Change -51.99% 12.8% 52.45%

Facts In Submission

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dei Document Period End Date
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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 accompanying Condensed Consolidated Statement of Operations and Condensed Consolidated Statement of Cash Flows for the </font><font style="font-family:inherit;font-size:10pt;">three and nine</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2016</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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