2023 Q3 Form 10-Q Financial Statement
#000106299323016124 Filed on August 10, 2023
Income Statement
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| Revenue | $12.01M | $12.35M |
| YoY Change | -48.37% | -31.15% |
| Cost Of Revenue | $6.891M | $7.007M |
| YoY Change | -47.49% | -31.93% |
| Gross Profit | $5.118M | $5.343M |
| YoY Change | -49.51% | -30.11% |
| Gross Profit Margin | 42.62% | 43.26% |
| Selling, General & Admin | $3.589M | $3.114M |
| YoY Change | -9.64% | -2.43% |
| % of Gross Profit | 70.13% | 58.29% |
| Research & Development | $610.6K | $633.0K |
| YoY Change | 21.73% | 31.64% |
| % of Gross Profit | 11.93% | 11.85% |
| Depreciation & Amortization | $299.6K | $292.4K |
| YoY Change | 13.08% | 1.53% |
| % of Gross Profit | 5.85% | 5.47% |
| Operating Expenses | $4.499M | $4.039M |
| YoY Change | -5.05% | 1.99% |
| Operating Profit | $620.4K | $1.314M |
| YoY Change | -88.66% | -64.79% |
| Interest Expense | -$1.150K | -$16.87K |
| YoY Change | -114.78% | 102.04% |
| % of Operating Profit | -0.19% | -1.28% |
| Other Income/Expense, Net | -$1.150K | -$16.87K |
| YoY Change | -114.77% | 102.11% |
| Pretax Income | $619.2K | $1.297M |
| YoY Change | -88.7% | -65.16% |
| Income Tax | $158.8K | $520.5K |
| % Of Pretax Income | 25.64% | 40.14% |
| Net Earnings | $460.5K | $776.1K |
| YoY Change | -88.74% | -71.54% |
| Net Earnings / Revenue | 3.83% | 6.28% |
| Basic Earnings Per Share | $0.08 | $0.13 |
| Diluted Earnings Per Share | $0.07 | $0.12 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 5.971M shares | 5.971M shares |
| Diluted Shares Outstanding | 6.271M shares | 6.269M shares |
Balance Sheet
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $10.78M | $12.00M |
| YoY Change | 120.37% | 139.57% |
| Cash & Equivalents | $10.78M | $12.00M |
| Short-Term Investments | ||
| Other Short-Term Assets | $3.064M | $3.347M |
| YoY Change | 20.92% | -30.27% |
| Inventory | $18.70M | $19.16M |
| Prepaid Expenses | ||
| Receivables | $10.67M | $10.35M |
| Other Receivables | $340.5K | $0.00 |
| Total Short-Term Assets | $43.56M | $44.85M |
| YoY Change | -20.73% | -1.39% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $3.571M | $3.228M |
| YoY Change | 16.46% | 9.1% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $40.00K | $39.87K |
| YoY Change | -0.35% | -3.53% |
| Total Long-Term Assets | $4.528M | $4.214M |
| YoY Change | 6.04% | -0.62% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $43.56M | $44.85M |
| Total Long-Term Assets | $4.528M | $4.214M |
| Total Assets | $48.09M | $49.07M |
| YoY Change | -18.8% | -1.32% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $5.444M | $5.153M |
| YoY Change | -56.38% | -35.33% |
| Accrued Expenses | $281.6K | $266.1K |
| YoY Change | -1.73% | -11.8% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $5.247K | $292.0K |
| YoY Change | -96.33% | 28.52% |
| Long-Term Debt Due | $111.7K | $110.5K |
| YoY Change | 24.43% | 24.2% |
| Total Short-Term Liabilities | $5.842M | $7.177M |
| YoY Change | -67.2% | -40.33% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $59.35K | $87.74K |
| YoY Change | -52.4% | -40.48% |
| Other Long-Term Liabilities | $635.3K | $679.8K |
| YoY Change | -49.47% | -47.63% |
| Total Long-Term Liabilities | $694.7K | $767.6K |
| YoY Change | -49.73% | -46.9% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $5.842M | $7.177M |
| Total Long-Term Liabilities | $694.7K | $767.6K |
| Total Liabilities | $6.603M | $8.011M |
| YoY Change | -66.0% | -41.53% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $32.26M | $31.80M |
| YoY Change | 3.81% | 17.82% |
| Common Stock | $130.3K | $130.3K |
| YoY Change | 0.02% | 0.02% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $41.49M | $41.06M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $48.09M | $49.07M |
| YoY Change | -18.8% | -1.32% |
Cashflow Statement
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $460.5K | $776.1K |
| YoY Change | -88.74% | -71.54% |
| Depreciation, Depletion And Amortization | $299.6K | $292.4K |
| YoY Change | 13.08% | 1.53% |
| Cash From Operating Activities | -$232.2K | $1.538M |
| YoY Change | -129.2% | -6.21% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $1.147M | -$102.7K |
| YoY Change | -366.89% | -41.2% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $2.790K | $0.00 |
| YoY Change | 304.35% | -100.0% |
| Cash From Investing Activities | -$1.144M | $102.7K |
| YoY Change | 166.67% | -161.23% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -313.9K | -380.7K |
| YoY Change | 195.63% | -16.44% |
| NET CHANGE | ||
| Cash From Operating Activities | -232.2K | 1.538M |
| Cash From Investing Activities | -1.144M | 102.7K |
| Cash From Financing Activities | -313.9K | -380.7K |
| Net Change In Cash | -1.690M | 1.260M |
| YoY Change | -749.92% | 23.95% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$232.2K | $1.538M |
| Capital Expenditures | $1.147M | -$102.7K |
| Free Cash Flow | -$1.379M | $1.641M |
| YoY Change | -212.58% | -9.57% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | ||
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-06-30 | ||
| CY2023Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
0 | usd |
| CY2022Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
0 | usd |
