2022 Q1 Form 10-K Financial Statement
#000106299322007237 Filed on March 10, 2022
Income Statement
| Concept | 2022 Q1 | 2021 | 2020 Q4 |
|---|---|---|---|
| Revenue | $24.23M | $72.48M | $12.75M |
| YoY Change | 87.87% | 87.74% | 74.62% |
| Cost Of Revenue | $14.60M | $41.03M | $7.086M |
| YoY Change | 113.32% | 93.39% | 65.45% |
| Gross Profit | $9.627M | $31.45M | $5.662M |
| YoY Change | 59.07% | 80.84% | 87.65% |
| Gross Profit Margin | 39.74% | 43.39% | 44.42% |
| Selling, General & Admin | $3.271M | $12.16M | $2.775M |
| YoY Change | 21.93% | 30.96% | 22.24% |
| % of Gross Profit | 33.97% | 38.67% | 49.0% |
| Research & Development | $533.7K | $1.827M | |
| YoY Change | 31.74% | 19.97% | |
| % of Gross Profit | 5.54% | 5.81% | |
| Depreciation & Amortization | $276.9K | $1.026M | $236.9K |
| YoY Change | 17.07% | 23.23% | 24.32% |
| % of Gross Profit | 2.88% | 3.26% | 4.18% |
| Operating Expenses | $4.002M | $14.83M | $3.357M |
| YoY Change | 21.32% | 27.4% | 16.77% |
| Operating Profit | $5.625M | $16.62M | $2.306M |
| YoY Change | 104.33% | 184.69% | 1512.67% |
| Interest Expense | $6.160K | -$160.00 | -$6.350K |
| YoY Change | -253.62% | -96.61% | -81.47% |
| % of Operating Profit | 0.11% | 0.0% | -0.28% |
| Other Income/Expense, Net | $6.157K | -$163.00 | |
| YoY Change | -100.08% | ||
| Pretax Income | $5.631M | $16.62M | $2.510M |
| YoY Change | 104.85% | 174.98% | 3635.15% |
| Income Tax | $1.408M | $4.041M | $734.6K |
| % Of Pretax Income | 25.01% | 24.32% | 29.27% |
| Net Earnings | $4.223M | $12.57M | $1.775M |
| YoY Change | 104.9% | 184.24% | -6443.19% |
| Net Earnings / Revenue | 17.43% | 17.35% | 13.93% |
| Basic Earnings Per Share | $0.73 | $2.29 | |
| Diluted Earnings Per Share | $676.0K | $2.072M | $278.2K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 5.752M shares | 5.480M shares | |
| Diluted Shares Outstanding | 6.246M shares | 6.068M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 | 2020 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $4.304M | $5.081M | $3.025M |
| YoY Change | 11.96% | 67.94% | 41.96% |
| Cash & Equivalents | $4.246M | $5.022M | $2.967M |
| Short-Term Investments | $58.26K | $58.26K | $58.26K |
| Other Short-Term Assets | $5.442M | $5.789M | $2.914M |
| YoY Change | 14.09% | 98.64% | 84.85% |
| Inventory | $19.92M | $21.08M | $9.670M |
| Prepaid Expenses | |||
| Receivables | $17.74M | $12.66M | $7.174M |
| Other Receivables | $0.00 | $0.00 | $2.960K |
| Total Short-Term Assets | $47.41M | $44.61M | $22.79M |
| YoY Change | 108.8% | 95.78% | 48.75% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $4.436M | $4.521M | $3.052M |
| YoY Change | 43.81% | 35.44% | 25.55% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $49.75K | $33.34K | $112.4K |
| YoY Change | -55.69% | -70.34% | 321.89% |
| Total Long-Term Assets | $4.486M | $4.555M | $3.451M |
| YoY Change | 40.31% | 32.0% | 12851.76% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $47.41M | $44.61M | $22.79M |
| Total Long-Term Assets | $4.486M | $4.555M | $3.451M |
| Total Assets | $51.89M | $49.17M | $26.24M |
| YoY Change | 100.35% | 87.39% | 44.25% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $11.41M | $14.62M | |
| YoY Change | 99.92% | 82.52% | |
| Accrued Expenses | $279.2K | $318.6K | $207.8K |
| YoY Change | 31.14% | 53.32% | 8.94% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $661.1K | $975.0K | $677.6K |
| YoY Change | 50.3% | 43.89% | 17.54% |
| Long-Term Debt Due | $88.17K | $83.27K | |
| YoY Change | |||
| Total Short-Term Liabilities | $16.58M | $18.73M | $10.55M |
| YoY Change | 103.46% | 77.59% | 48.87% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $170.0K | $189.3K | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $1.349M | $1.395M | $318.1K |
| YoY Change | 361.41% | 338.4% | -16.55% |
| Total Long-Term Liabilities | $1.519M | $1.584M | $318.1K |
| YoY Change | 419.55% | 397.89% | -16.55% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $16.58M | $18.73M | $10.55M |
| Total Long-Term Liabilities | $1.519M | $1.584M | $318.1K |
| Total Liabilities | $18.33M | $20.55M | $10.87M |
| YoY Change | 117.11% | 89.07% | 45.53% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $7.462M | ||
| YoY Change | 145.62% | ||
| Common Stock | $130.3K | $130.1K | |
| YoY Change | 0.03% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $33.56M | $28.62M | $15.37M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $51.89M | $49.17M | $26.24M |
| YoY Change | 100.35% | 87.39% | 44.25% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 | 2020 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $4.223M | $12.57M | $1.775M |
| YoY Change | 104.9% | 184.24% | -6443.19% |
| Depreciation, Depletion And Amortization | $276.9K | $1.026M | $236.9K |
| YoY Change | 17.07% | 23.23% | 24.32% |
| Cash From Operating Activities | -$686.7K | $2.782M | $217.4K |
| YoY Change | -161.91% | 18.54% | -243.0% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$260.9K | -$1.139M | -$779.8K |
| YoY Change | 661.34% | -22.89% | 202.47% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $35.85K | $1.960K | -$30.00 |
| YoY Change | -92.37% | -102.78% | |
| Cash From Investing Activities | -$225.1K | -$1.137M | -$779.9K |
| YoY Change | 556.76% | -21.66% | 203.75% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $255.8K | $26.00K | |
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -72.55K | 595.9K | 505.7K |
| YoY Change | -69.49% | 4925.21% | 11.54% |
| NET CHANGE | |||
| Cash From Operating Activities | -686.7K | 2.782M | 217.4K |
| Cash From Investing Activities | -225.1K | -1.137M | -779.9K |
| Cash From Financing Activities | -72.55K | 595.9K | 505.7K |
| Net Change In Cash | -984.3K | 2.241M | -56.74K |
| YoY Change | -217.59% | 146.99% | -227.25% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$686.7K | $2.782M | $217.4K |
| Capital Expenditures | -$260.9K | -$1.139M | -$779.8K |
| Free Cash Flow | -$425.8K | $3.922M | $997.2K |
| YoY Change | -137.24% | 2.54% | 842.74% |
Facts In Submission
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