2020 Q3 Form 10-Q Financial Statement

#000162828020013323 Filed on September 04, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2020 Q2 2019 Q3
Revenue $27.28M $29.27M $27.38M
YoY Change -0.38% 11.43% -0.06%
Cost Of Revenue $13.04M $13.37M $12.76M
YoY Change 2.16% 11.51% -6.49%
Gross Profit $14.24M $15.91M $14.62M
YoY Change -2.61% 11.38% 6.33%
Gross Profit Margin 52.21% 54.34% 53.4%
Selling, General & Admin $9.208M $10.31M $10.40M
YoY Change -11.46% 4.04% 10.96%
% of Gross Profit 64.66% 64.81% 71.13%
Research & Development $4.095M $3.960M $3.328M
YoY Change 23.05% 21.47% -9.44%
% of Gross Profit 28.76% 24.89% 22.76%
Depreciation & Amortization $1.680M $1.790M $2.245M
YoY Change -25.17% -12.68% 24.86%
% of Gross Profit 11.8% 11.25% 15.35%
Operating Expenses $13.36M $14.31M $13.83M
YoY Change -3.39% 7.84% 5.17%
Operating Profit $885.0K $1.589M $797.0K
YoY Change 11.04% 56.86% 31.3%
Interest Expense $130.0K $290.0K $480.0K
YoY Change -72.92% -46.3% -4.0%
% of Operating Profit 14.69% 18.25% 60.23%
Other Income/Expense, Net $1.206M -$1.760M $50.00K
YoY Change 2312.0% -341.1% -79.92%
Pretax Income $2.217M $120.0K $1.322M
YoY Change 67.7% -94.76% -2.79%
Income Tax $183.0K -$420.0K $170.0K
% Of Pretax Income 8.25% -350.0% 12.86%
Net Earnings $2.034M $545.0K $1.152M
YoY Change 76.56% -70.92% -16.82%
Net Earnings / Revenue 7.46% 1.86% 4.21%
Basic Earnings Per Share $0.06 $0.04
Diluted Earnings Per Share $0.06 $0.02 $0.04
COMMON SHARES
Basic Shares Outstanding 32.34M shares 31.27M shares
Diluted Shares Outstanding 32.93M shares 31.95M shares

Balance Sheet

Concept 2020 Q3 2020 Q2 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $92.50M $94.00M $86.30M
YoY Change 7.18% 9.3% 1.77%
Cash & Equivalents $79.77M $79.81M $62.72M
Short-Term Investments $12.70M $14.20M $23.60M
Other Short-Term Assets $6.300M $6.700M $5.800M
YoY Change 8.62% 8.06% -9.38%
Inventory
Prepaid Expenses
Receivables $24.44M $22.58M $17.47M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $125.2M $125.7M $112.6M
YoY Change 11.25% 11.7% 3.98%
LONG-TERM ASSETS
Property, Plant & Equipment $3.340M $3.373M $3.534M
YoY Change -5.49% -5.91% -1.83%
Goodwill $25.89M $25.89M $25.89M
YoY Change 0.0% 0.0% 0.0%
Intangibles $821.0K $1.132M $2.134M
YoY Change -61.53% -58.57% -52.82%
Long-Term Investments $500.0K $700.0K $1.700M
YoY Change -70.59% -72.0% -32.0%
Other Assets $2.009M $1.941M $1.655M
YoY Change 21.39% 28.54% -59.19%
Total Long-Term Assets $43.87M $45.63M $50.35M
YoY Change -12.86% -6.52% 0.43%
TOTAL ASSETS
Total Short-Term Assets $125.2M $125.7M $112.6M
Total Long-Term Assets $43.87M $45.63M $50.35M
Total Assets $169.1M $171.3M $162.9M
YoY Change 3.8% 6.19% 2.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.005M $1.643M $1.173M
YoY Change 70.93% -32.88% -45.84%
Accrued Expenses $4.900M $7.400M $4.100M
YoY Change 19.51% 184.62% 78.26%
Deferred Revenue $32.49M $34.23M $32.70M
YoY Change -0.66% 2.84%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $43.97M $47.46M $43.33M
YoY Change 1.49% 10.11% 13.09%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $109.0K $92.00K $88.00K
YoY Change 23.86% 4.55% -94.07%
Total Long-Term Liabilities $109.0K $92.00K $88.00K
YoY Change 23.86% 4.55% -94.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $43.97M $47.46M $43.33M
Total Long-Term Liabilities $109.0K $92.00K $88.00K
Total Liabilities $48.31M $51.87M $48.73M
YoY Change -0.87% 11.07% 13.27%
SHAREHOLDERS EQUITY
Retained Earnings -$10.55M -$9.013M -$4.028M
YoY Change 161.92% 421.28% -229.73%
Common Stock $153.2M $150.3M $140.2M
YoY Change 9.29% 8.67% 4.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $120.8M $119.4M $114.2M
YoY Change
Total Liabilities & Shareholders Equity $169.1M $171.3M $162.9M
YoY Change 3.8% 6.19% 2.86%

Cashflow Statement

Concept 2020 Q3 2020 Q2 2019 Q3
OPERATING ACTIVITIES
Net Income $2.034M $545.0K $1.152M
YoY Change 76.56% -70.92% -16.82%
Depreciation, Depletion And Amortization $1.680M $1.790M $2.245M
YoY Change -25.17% -12.68% 24.86%
Cash From Operating Activities $1.479M $12.87M $4.811M
YoY Change -69.26% 24.71% 10.32%
INVESTING ACTIVITIES
Capital Expenditures $118.0K -$550.0K $110.0K
YoY Change 7.27% -72.91% -84.59%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$363.0K -$550.0K -$1.395M
YoY Change -73.98% -72.91% -12.7%
FINANCING ACTIVITIES
Cash Dividend Paid $3.547M $3.434M
YoY Change 3.29% 1.96%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.164M -1.310M -$1.982M
YoY Change -41.27% -36.1% 182.34%
NET CHANGE
Cash From Operating Activities $1.479M 12.87M $4.811M
Cash From Investing Activities -$363.0K -550.0K -$1.395M
Cash From Financing Activities -$1.164M -1.310M -$1.982M
Net Change In Cash -$48.00K 11.01M $1.434M
YoY Change -103.35% 76.44% -30.42%
FREE CASH FLOW
Cash From Operating Activities $1.479M $12.87M $4.811M
Capital Expenditures $118.0K -$550.0K $110.0K
Free Cash Flow $1.361M $13.42M $4.701M
YoY Change -71.05% 8.66% 28.9%

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PaymentsToDevelopSoftwareToBeSoldLeasedOrOtherwiseMarketed
1285000 USD
CY2020Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
118000 USD
CY2019Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
110000 USD
CY2020Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-363000 USD
CY2019Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1395000 USD
CY2020Q3 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2383000 USD
CY2019Q3 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1452000 USD
CY2020Q3 us-gaap Payments Of Dividends
PaymentsOfDividends
3547000 USD
CY2019Q3 us-gaap Payments Of Dividends
PaymentsOfDividends
3434000 USD
CY2020Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1164000 USD
CY2019Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1982000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-48000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1434000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
79814000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
61288000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
79766000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
62722000 USD
CY2020Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2019Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
105000 USD
CY2020Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
3571000 USD
CY2019Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
3451000 USD
CY2020Q3 amswa Revenue From Contracts With Customer Excluding Assessed Tax Reimbursements Recognized As Revenue
RevenueFromContractsWithCustomerExcludingAssessedTaxReimbursementsRecognizedAsRevenue
0 USD
CY2019Q3 amswa Revenue From Contracts With Customer Excluding Assessed Tax Reimbursements Recognized As Revenue
RevenueFromContractsWithCustomerExcludingAssessedTaxReimbursementsRecognizedAsRevenue
400000 USD
CY2020Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
14700000 USD
CY2020Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
32488000 USD
CY2020Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
34227000 USD
CY2020Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
0 USD
CY2020Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
0 USD
CY2020Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
32488000 USD
CY2020Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
34227000 USD
CY2020Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
75000000.0 USD
CY2020Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
27278000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
27383000 USD
CY2019Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2020Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1920000 USD
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
782000 USD
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1265000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
2047000 USD
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
194000 USD
CY2020Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
158000 USD
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
69000 USD
CY2020Q3 us-gaap Lease Cost
LeaseCost
421000 USD
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
400000 USD
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.034
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
596000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
723000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
463000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
346000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
20000 USD
CY2020Q3 amswa Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
0 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2148000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
101000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
2047000 USD
CY2020Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
100000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
123000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
149000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
96000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
98000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
100000 USD
CY2020Q3 amswa Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
50000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
616000 USD
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.11
CY2020Q3 amswa Convertible Stock Conversion Ratio
ConvertibleStockConversionRatio
1
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
647935 shares
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
577217 shares
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3959903 shares
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3873560 shares
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
535000 shares
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
47000 shares
CY2020Q3 us-gaap Share Based Compensation
ShareBasedCompensation
500000 USD
CY2019Q3 us-gaap Share Based Compensation
ShareBasedCompensation
400000 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
234000 USD
CY2019Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
62000 USD
CY2020Q3 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
230747 shares
CY2019Q3 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
151500 shares
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1400000 USD
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
600000 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
6800000 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y11M8D
CY2020Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
73532000 USD
CY2020Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
13253000 USD
CY2020Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
86785000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
75256000 USD
CY2020Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
14862000 USD
CY2020Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
90118000 USD
CY2020Q3 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2020Q3 amswa Number Of Major Product And Service Groups
NumberOfMajorProductAndServiceGroups
6 group
CY2020Q3 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
27278000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
27383000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
885000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
797000 USD
CY2020Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
118000 USD
CY2019Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
110000 USD
CY2020Q3 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
245000 USD
CY2019Q3 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
1285000 USD
CY2020Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1680000 USD
CY2019Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2245000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2217000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1322000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
183000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
170000 USD

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