2020 Q3 Form 10-Q Financial Statement
#000106299320005524 Filed on November 12, 2020
Income Statement
| Concept | 2020 Q3 | 2019 Q4 | 2019 Q3 |
|---|---|---|---|
| Revenue | $11.37M | $7.300M | $9.649M |
| YoY Change | 17.84% | 32.39% | 12.47% |
| Cost Of Revenue | $6.422M | $4.283M | $5.153M |
| YoY Change | 24.64% | 39.99% | 12.65% |
| Gross Profit | $4.948M | $3.017M | $4.497M |
| YoY Change | 10.05% | 22.91% | 12.27% |
| Gross Profit Margin | 43.52% | 41.33% | 46.6% |
| Selling, General & Admin | $2.237M | $2.270M | $2.204M |
| YoY Change | 1.52% | 12.0% | 10.05% |
| % of Gross Profit | 45.21% | 75.22% | 49.0% |
| Research & Development | $404.7K | $427.6K | $357.3K |
| YoY Change | 13.29% | 20.96% | 0.02% |
| % of Gross Profit | 8.18% | 14.17% | 7.94% |
| Depreciation & Amortization | $212.6K | $190.5K | $191.7K |
| YoY Change | 10.88% | -1.46% | 11.28% |
| % of Gross Profit | 4.3% | 6.31% | 4.26% |
| Operating Expenses | $2.818M | $2.874M | $2.753M |
| YoY Change | 2.39% | 11.29% | 8.62% |
| Operating Profit | $2.130M | $143.0K | $1.761M |
| YoY Change | 20.92% | -211.71% | 19.07% |
| Interest Expense | $19.73K | -$34.26K | -$450.00 |
| YoY Change | -4484.44% | -172.22% | |
| % of Operating Profit | 0.93% | -23.96% | -0.03% |
| Other Income/Expense, Net | $19.73K | -$449.00 | |
| YoY Change | -4493.54% | -81.24% | |
| Pretax Income | $2.150M | $67.20K | $1.761M |
| YoY Change | 22.07% | -183.44% | 19.23% |
| Income Tax | $538.3K | $95.19K | $440.3K |
| % Of Pretax Income | 25.04% | 141.65% | 25.0% |
| Net Earnings | $1.611M | -$27.99K | $1.321M |
| YoY Change | 22.01% | 3154.65% | 19.38% |
| Net Earnings / Revenue | 14.17% | -0.38% | 13.69% |
| Basic Earnings Per Share | $0.30 | $0.25 | |
| Diluted Earnings Per Share | $275.0K | -$5.196K | $0.24 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 5.387M shares | 5.387M shares | |
| Diluted Shares Outstanding | 5.532M shares |
Balance Sheet
| Concept | 2020 Q3 | 2019 Q4 | 2019 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $2.927M | $2.131M | $1.965M |
| YoY Change | 48.96% | 20.53% | 12.88% |
| Cash & Equivalents | $2.869M | $2.073M | $1.907M |
| Short-Term Investments | $58.26K | $58.24K | $58.24K |
| Other Short-Term Assets | $2.753M | $1.577M | $1.499M |
| YoY Change | 83.62% | -8.37% | 21.52% |
| Inventory | $6.872M | $8.655M | $6.968M |
| Prepaid Expenses | $447.5K | ||
| Receivables | $5.621M | $2.956M | $5.828M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $18.17M | $15.32M | $16.26M |
| YoY Change | 11.76% | 47.96% | 17.86% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $2.715M | $2.431M | $2.338M |
| YoY Change | 16.11% | 4.9% | 10.44% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | $38.64K | ||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $32.59K | $26.64K | $26.17K |
| YoY Change | 24.54% | 4.97% | 3.56% |
| Total Long-Term Assets | $2.748M | $26.64K | $64.81K |
| YoY Change | 4139.77% | -59.54% | -97.07% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $18.17M | $15.32M | $16.26M |
| Total Long-Term Assets | $2.748M | $26.64K | $64.81K |
| Total Assets | $20.92M | $18.19M | $19.03M |
| YoY Change | 9.92% | 42.81% | 18.91% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $6.008M | $5.426M | $6.931M |
| YoY Change | -13.32% | 95.23% | 4.92% |
| Accrued Expenses | $163.9K | $190.8K | $169.5K |
| YoY Change | -3.32% | ||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $171.9K | $576.5K | $73.11K |
| YoY Change | 135.13% | -0.97% | 13.68% |
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $7.203M | $7.086M | $7.953M |
| YoY Change | -9.42% | 106.48% | 14.57% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $210.7K | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $310.2K | $381.2K | $340.1K |
| YoY Change | -8.8% | 376.49% | |
| Total Long-Term Liabilities | $520.9K | $381.2K | $340.1K |
| YoY Change | 53.16% | 376.49% | |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $7.203M | $7.086M | $7.953M |
| Total Long-Term Liabilities | $520.9K | $381.2K | $340.1K |
| Total Liabilities | $7.724M | $7.467M | $8.464M |
| YoY Change | -8.74% | 102.77% | 21.26% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $3.038M | $3.066M | |
| YoY Change | 82.77% | ||
| Common Stock | $130.1K | $130.1K | |
| YoY Change | 0.01% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $13.20M | $10.72M | $10.57M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $20.92M | $18.19M | $19.03M |
| YoY Change | 9.92% | 42.81% | 18.91% |
Cashflow Statement
| Concept | 2020 Q3 | 2019 Q4 | 2019 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $1.611M | -$27.99K | $1.321M |
| YoY Change | 22.01% | 3154.65% | 19.38% |
| Depreciation, Depletion And Amortization | $212.6K | $190.5K | $191.7K |
| YoY Change | 10.88% | -1.46% | 11.28% |
| Cash From Operating Activities | $944.7K | -$152.0K | $768.9K |
| YoY Change | 22.86% | 57.31% | 5.98% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$590.1K | -$257.8K | -$424.4K |
| YoY Change | 39.04% | -35.91% | 15.98% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $25.39K | $1.080K | $10.00K |
| YoY Change | 153.9% | 669.23% | |
| Cash From Investing Activities | -$564.7K | -$256.7K | -$414.4K |
| YoY Change | 36.27% | -36.18% | 13.65% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -151.0K | 453.4K | 132.3K |
| YoY Change | -214.15% | -12.45% | -168.25% |
| NET CHANGE | |||
| Cash From Operating Activities | 944.7K | -152.0K | 768.9K |
| Cash From Investing Activities | -564.7K | -256.7K | -414.4K |
| Cash From Financing Activities | -151.0K | 453.4K | 132.3K |
| Net Change In Cash | 229.0K | 44.59K | 486.8K |
| YoY Change | -52.96% | 135.8% | 191.33% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $944.7K | -$152.0K | $768.9K |
| Capital Expenditures | -$590.1K | -$257.8K | -$424.4K |
| Free Cash Flow | $1.535M | $105.8K | $1.193M |
| YoY Change | 28.62% | -65.39% | 9.33% |
Facts In Submission
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