2022 Q3 Form 10-Q Financial Statement
#000106299322017677 Filed on August 11, 2022
Income Statement
| Concept | 2022 Q3 | 2022 Q2 | 2021 Q4 |
|---|---|---|---|
| Revenue | $23.26M | $17.94M | $23.18M |
| YoY Change | 5.24% | 25.44% | 81.81% |
| Cost Of Revenue | $13.12M | $10.29M | $13.51M |
| YoY Change | 4.38% | 26.98% | 90.6% |
| Gross Profit | $10.14M | $7.644M | $9.671M |
| YoY Change | 6.37% | 23.42% | 70.81% |
| Gross Profit Margin | 43.58% | 42.61% | 41.73% |
| Selling, General & Admin | $3.972M | $3.192M | $3.964M |
| YoY Change | 28.2% | 32.13% | 42.88% |
| % of Gross Profit | 39.19% | 41.76% | 40.99% |
| Research & Development | $501.6K | $480.8K | $507.7K |
| YoY Change | 6.97% | 8.02% | |
| % of Gross Profit | 4.95% | 6.29% | 5.25% |
| Depreciation & Amortization | $264.9K | $288.0K | $280.8K |
| YoY Change | -0.32% | 18.79% | 18.57% |
| % of Gross Profit | 2.61% | 3.77% | 2.9% |
| Operating Expenses | $4.739M | $3.961M | $4.712M |
| YoY Change | 25.54% | 27.63% | 40.37% |
| Operating Profit | $5.472M | $3.730M | $4.960M |
| YoY Change | -4.9% | 18.47% | 115.12% |
| Interest Expense | $7.780K | -$8.350K | -$1.520K |
| YoY Change | 451.77% | -311.39% | -76.06% |
| % of Operating Profit | 0.14% | -0.22% | -0.03% |
| Other Income/Expense, Net | $7.784K | -$8.349K | |
| YoY Change | 450.88% | -311.47% | |
| Pretax Income | $5.480M | $3.722M | $4.958M |
| YoY Change | -4.79% | 18.06% | 97.54% |
| Income Tax | $1.392M | $995.2K | $1.141M |
| % Of Pretax Income | 25.4% | 26.74% | 23.02% |
| Net Earnings | $4.088M | $2.727M | $3.817M |
| YoY Change | -4.66% | 13.21% | 114.99% |
| Net Earnings / Revenue | 17.58% | 15.2% | 16.47% |
| Basic Earnings Per Share | $0.70 | $0.47 | |
| Diluted Earnings Per Share | $0.65 | $0.44 | $663.2K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 5.827M shares | 5.815M shares | |
| Diluted Shares Outstanding | 6.261M shares | 6.256M shares |
Balance Sheet
| Concept | 2022 Q3 | 2022 Q2 | 2021 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $4.894M | $5.008M | $5.081M |
| YoY Change | 85.02% | 31.55% | 67.94% |
| Cash & Equivalents | $4.835M | $4.950M | $5.022M |
| Short-Term Investments | $58.27K | $58.26K | $58.26K |
| Other Short-Term Assets | $2.534M | $4.801M | $5.789M |
| YoY Change | -58.32% | -34.25% | 98.64% |
| Inventory | $25.02M | $21.85M | $21.08M |
| Prepaid Expenses | |||
| Receivables | $22.50M | $13.82M | $12.66M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $54.95M | $45.49M | $44.61M |
| YoY Change | 35.46% | 103.57% | 95.78% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $3.066M | $2.959M | $3.128M |
| YoY Change | -35.02% | 6.78% | 2.48% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $40.14K | $41.33K | $33.34K |
| YoY Change | -64.24% | -63.3% | -70.34% |
| Total Long-Term Assets | $4.270M | $4.240M | $4.555M |
| YoY Change | -11.6% | 37.78% | 32.0% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $54.95M | $45.49M | $44.61M |
| Total Long-Term Assets | $4.270M | $4.240M | $4.555M |
| Total Assets | $59.22M | $49.73M | $49.17M |
| YoY Change | 30.46% | 95.61% | 87.39% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $12.48M | $7.968M | $14.62M |
| YoY Change | -24.0% | 202.82% | |
| Accrued Expenses | $286.6K | $301.6K | $318.6K |
| YoY Change | -28.24% | 55.82% | 53.32% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $142.9K | $227.2K | $975.0K |
| YoY Change | 0.2% | -36.87% | 43.89% |
| Long-Term Debt Due | $89.74K | $88.95K | $83.27K |
| YoY Change | |||
| Total Short-Term Liabilities | $17.81M | $12.03M | $18.73M |
| YoY Change | -10.44% | 130.67% | 77.59% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $124.7K | $147.4K | $189.3K |
| YoY Change | |||
| Other Long-Term Liabilities | $1.257M | $1.298M | $1.395M |
| YoY Change | -12.72% | 363.62% | 338.4% |
| Total Long-Term Liabilities | $1.382M | $1.446M | $1.584M |
| YoY Change | -4.06% | 416.27% | 397.89% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $17.81M | $12.03M | $18.73M |
| Total Long-Term Liabilities | $1.382M | $1.446M | $1.584M |
| Total Liabilities | $19.42M | $13.70M | $20.55M |
| YoY Change | -8.94% | 149.38% | 89.07% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $31.07M | $26.99M | $20.04M |
| YoY Change | 126.18% | 168.52% | |
| Common Stock | $130.3K | $130.3K | $130.2K |
| YoY Change | 0.13% | 0.04% | |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $39.80M | $36.02M | $28.62M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $59.22M | $49.73M | $49.17M |
| YoY Change | 30.46% | 95.61% | 87.39% |
Cashflow Statement
| Concept | 2022 Q3 | 2022 Q2 | 2021 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $4.088M | $2.727M | $3.817M |
| YoY Change | -4.66% | 13.21% | 114.99% |
| Depreciation, Depletion And Amortization | $264.9K | $288.0K | $280.8K |
| YoY Change | -0.32% | 18.79% | 18.57% |
| Cash From Operating Activities | $795.2K | $1.640M | $1.637M |
| YoY Change | -736.87% | 917.92% | 652.95% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$429.7K | -$174.6K | -$246.6K |
| YoY Change | -38.73% | 11.11% | -68.37% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $690.00 | $6.920K | $1.960K |
| YoY Change | -6633.33% | ||
| Cash From Investing Activities | -$429.0K | -$167.7K | -$244.7K |
| YoY Change | -38.82% | 6.69% | -68.63% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -106.2K | -455.6K | 1.131M |
| YoY Change | -51.12% | 469.91% | 123.62% |
| NET CHANGE | |||
| Cash From Operating Activities | 795.2K | 1.640M | 1.637M |
| Cash From Investing Activities | -429.0K | -167.7K | -244.7K |
| Cash From Financing Activities | -106.2K | -455.6K | 1.131M |
| Net Change In Cash | 260.0K | 1.017M | 2.523M |
| YoY Change | -124.92% | -1437.95% | -4546.95% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $795.2K | $1.640M | $1.637M |
| Capital Expenditures | -$429.7K | -$174.6K | -$246.6K |
| Free Cash Flow | $1.225M | $1.815M | $1.884M |
| YoY Change | 112.52% | 470.16% | 88.89% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
| CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
| us-gaap |
Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
|
0 | usd | |
| us-gaap |
Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
|
0 | usd | |
| CY2021Q2 | us-gaap |
Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
|
0 | usd |
| CY2022Q2 | us-gaap |
Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
|
0 | usd |
| leat |
Stock Issued During Period Value Stock Options Exercised On Cashless Basis
StockIssuedDuringPeriodValueStockOptionsExercisedOnCashlessBasis
|
0 | usd | |
| us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-105169 | usd | |
| CY2022Q2 | leat |
Likelihood Of Being Sustained
LikelihoodOfBeingSustained
|
0.50 | pure |
