2024 Q3 Form 10-Q Financial Statement

#000143774924025466 Filed on August 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $54.82M $55.85M
YoY Change 15.63% 11.44%
Cost Of Revenue $17.64M $17.38M
YoY Change 6.3% -3.59%
Gross Profit $37.18M $38.47M
YoY Change 20.65% 19.89%
Gross Profit Margin 67.82% 68.88%
Selling, General & Admin $20.37M $19.80M
YoY Change 17.02% 10.4%
% of Gross Profit 54.8% 51.48%
Research & Development $3.656M $4.284M
YoY Change -13.45% -5.14%
% of Gross Profit 9.83% 11.14%
Depreciation & Amortization $2.426M $2.384M
YoY Change 1.51% 2.49%
% of Gross Profit 6.53% 6.2%
Operating Expenses $24.03M $24.09M
YoY Change 11.07% 7.28%
Operating Profit $13.15M $14.38M
YoY Change 43.22% 49.29%
Interest Expense $1.403M $1.126M
YoY Change 115.85% 29.87%
% of Operating Profit 10.67% 7.83%
Other Income/Expense, Net
YoY Change
Pretax Income $14.55M $15.51M
YoY Change 48.09% 50.27%
Income Tax $3.410M $3.680M
% Of Pretax Income 23.43% 23.73%
Net Earnings $11.14M $11.83M
YoY Change 48.51% 46.04%
Net Earnings / Revenue 20.32% 21.17%
Basic Earnings Per Share $0.50 $0.53
Diluted Earnings Per Share $0.49 $0.52
COMMON SHARES
Basic Shares Outstanding 22.47M 22.45M
Diluted Shares Outstanding 22.84M 22.73M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $123.9M $113.1M
YoY Change 27.7% 25.42%
Cash & Equivalents $21.00M $22.27M
Short-Term Investments $102.9M $90.83M
Other Short-Term Assets $5.937M $5.217M
YoY Change 16.41% 27.99%
Inventory $65.02M $63.67M
Prepaid Expenses
Receivables $32.27M $30.82M
Other Receivables $0.00 $0.00
Total Short-Term Assets $227.1M $212.8M
YoY Change 24.66% 21.96%
LONG-TERM ASSETS
Property, Plant & Equipment $41.12M $23.12M
YoY Change 92.53% -37.56%
Goodwill $65.95M $65.95M
YoY Change 0.0% 0.0%
Intangibles $37.30M $38.77M
YoY Change -13.65% -11.89%
Long-Term Investments
YoY Change
Other Assets $5.542M $4.117M
YoY Change 75.82% -17.86%
Total Long-Term Assets $149.9M $150.3M
YoY Change -1.26% -1.12%
TOTAL ASSETS
Total Short-Term Assets $227.1M $212.8M
Total Long-Term Assets $149.9M $150.3M
Total Assets $377.0M $363.1M
YoY Change 12.88% 11.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.651M $1.995M
YoY Change -62.23% -43.31%
Accrued Expenses $26.22M $20.79M
YoY Change 20.32% -4.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $29.34M $25.45M
YoY Change 1.08% -1.58%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $16.50M $2.179M
YoY Change 669.18% -86.96%
Total Long-Term Liabilities $16.50M $2.179M
YoY Change 669.18% -86.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $29.34M $25.45M
Total Long-Term Liabilities $16.50M $2.179M
Total Liabilities $45.95M $43.55M
YoY Change 1.27% 2.13%
SHAREHOLDERS EQUITY
Retained Earnings $137.5M $130.0M
YoY Change 24.91% 22.96%
Common Stock $211.0M $208.9M
YoY Change 6.3% 5.96%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $331.1M $319.5M
YoY Change
Total Liabilities & Shareholders Equity $377.0M $363.1M
YoY Change 12.88% 11.21%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $11.14M $11.83M
YoY Change 48.51% 46.04%
Depreciation, Depletion And Amortization $2.426M $2.384M
YoY Change 1.51% 2.49%
Cash From Operating Activities $14.25M $9.625M
YoY Change 20.42% -19.14%
INVESTING ACTIVITIES
Capital Expenditures $1.670M $1.878M
YoY Change 57.55% -33.0%
Acquisitions
YoY Change
Other Investing Activities -$11.19M -$9.125M
YoY Change 27.2% 33.48%
Cash From Investing Activities -$12.86M -$11.00M
YoY Change 30.6% 14.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.148M -2.870M
YoY Change 0.58% -671.71%
NET CHANGE
Cash From Operating Activities 14.25M 9.625M
Cash From Investing Activities -12.86M -11.00M
Cash From Financing Activities -3.148M -2.870M
Net Change In Cash -1.766M -4.248M
YoY Change 53.57% -253.58%
FREE CASH FLOW
Cash From Operating Activities $14.25M $9.625M
Capital Expenditures $1.670M $1.878M
Free Cash Flow $12.58M $7.747M
YoY Change 16.77% -14.87%

Facts In Submission

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us-gaap Allocated Share Based Compensation Expense
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
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CY2024Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1379000 usd

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