2021 Q3 Form 10-Q Financial Statement
#000106299321010622 Filed on November 12, 2021
Income Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| Revenue | $22.10M | $11.37M |
| YoY Change | 94.36% | 17.84% |
| Cost Of Revenue | $12.57M | $6.422M |
| YoY Change | 95.75% | 24.64% |
| Gross Profit | $9.529M | $4.948M |
| YoY Change | 92.57% | 10.05% |
| Gross Profit Margin | 43.12% | 43.52% |
| Selling, General & Admin | $3.098M | $2.237M |
| YoY Change | 38.5% | 1.52% |
| % of Gross Profit | 32.51% | 45.21% |
| Research & Development | $468.9K | $404.7K |
| YoY Change | 15.86% | 13.29% |
| % of Gross Profit | 4.92% | 8.18% |
| Depreciation & Amortization | $265.8K | $212.6K |
| YoY Change | 25.03% | 10.88% |
| % of Gross Profit | 2.79% | 4.3% |
| Operating Expenses | $3.775M | $2.818M |
| YoY Change | 33.93% | 2.39% |
| Operating Profit | $5.754M | $2.130M |
| YoY Change | 170.15% | 20.92% |
| Interest Expense | $1.410K | $19.73K |
| YoY Change | -92.85% | -4484.44% |
| % of Operating Profit | 0.02% | 0.93% |
| Other Income/Expense, Net | $1.413K | $19.73K |
| YoY Change | -92.84% | -4493.54% |
| Pretax Income | $5.756M | $2.150M |
| YoY Change | 167.74% | 22.07% |
| Income Tax | $1.468M | $538.3K |
| % Of Pretax Income | 25.5% | 25.04% |
| Net Earnings | $4.288M | $1.611M |
| YoY Change | 166.08% | 22.01% |
| Net Earnings / Revenue | 19.4% | 14.17% |
| Basic Earnings Per Share | $0.79 | $0.30 |
| Diluted Earnings Per Share | $692.6K | $275.0K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 5.462M shares | |
| Diluted Shares Outstanding | 6.191M shares |
Balance Sheet
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $2.645M | $2.927M |
| YoY Change | -9.63% | 48.96% |
| Cash & Equivalents | $2.587M | $2.869M |
| Short-Term Investments | $58.26K | $58.26K |
| Other Short-Term Assets | $6.079M | $2.753M |
| YoY Change | 120.81% | 83.62% |
| Inventory | $14.68M | $6.872M |
| Prepaid Expenses | ||
| Receivables | $17.16M | $5.621M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $40.57M | $18.17M |
| YoY Change | 123.23% | 11.76% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $4.719M | $2.715M |
| YoY Change | 73.79% | 16.11% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $112.3K | $32.59K |
| YoY Change | 244.42% | 24.54% |
| Total Long-Term Assets | $4.831M | $2.748M |
| YoY Change | 75.81% | 4139.77% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $40.57M | $18.17M |
| Total Long-Term Assets | $4.831M | $2.748M |
| Total Assets | $45.40M | $20.92M |
| YoY Change | 117.0% | 9.92% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $16.42M | $6.008M |
| YoY Change | 173.33% | -13.32% |
| Accrued Expenses | $399.3K | $163.9K |
| YoY Change | 143.69% | -3.32% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $142.7K | $171.9K |
| YoY Change | -17.02% | 135.13% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $19.89M | $7.203M |
| YoY Change | 176.11% | -9.42% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $210.7K |
| YoY Change | -100.0% | |
| Other Long-Term Liabilities | $1.440M | $310.2K |
| YoY Change | 364.32% | -8.8% |
| Total Long-Term Liabilities | $1.440M | $520.9K |
| YoY Change | 176.5% | 53.16% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $19.89M | $7.203M |
| Total Long-Term Liabilities | $1.440M | $520.9K |
| Total Liabilities | $21.33M | $7.724M |
| YoY Change | 176.13% | -8.74% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $24.07M | $13.20M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $45.40M | $20.92M |
| YoY Change | 117.0% | 9.92% |
Cashflow Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $4.288M | $1.611M |
| YoY Change | 166.08% | 22.01% |
| Depreciation, Depletion And Amortization | $265.8K | $212.6K |
| YoY Change | 25.03% | 10.88% |
| Cash From Operating Activities | -$124.9K | $944.7K |
| YoY Change | -113.22% | 22.86% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$701.2K | -$590.1K |
| YoY Change | 18.84% | 39.04% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | $25.39K |
| YoY Change | -100.0% | 153.9% |
| Cash From Investing Activities | -$701.2K | -$564.7K |
| YoY Change | 24.18% | 36.27% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -217.2K | -151.0K |
| YoY Change | 43.86% | -214.15% |
| NET CHANGE | ||
| Cash From Operating Activities | -124.9K | 944.7K |
| Cash From Investing Activities | -701.2K | -564.7K |
| Cash From Financing Activities | -217.2K | -151.0K |
| Net Change In Cash | -1.043M | 229.0K |
| YoY Change | -555.61% | -52.96% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$124.9K | $944.7K |
| Capital Expenditures | -$701.2K | -$590.1K |
| Free Cash Flow | $576.4K | $1.535M |
| YoY Change | -62.45% | 28.62% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
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Earnings Per Share Basic
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Revenue Recognition Sales Returns Reserve For Sales Returns
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