2018 Q4 Form 10-Q Financial Statement
#000123546819000006 Filed on February 07, 2019
Income Statement
Concept | 2018 Q4 | 2017 Q4 | 2017 Q3 |
---|---|---|---|
Revenue | $54.05M | $61.14M | $61.36M |
YoY Change | -11.6% | 0.0% | -21.84% |
Cost Of Revenue | $24.96M | $27.63M | $29.00M |
YoY Change | -9.68% | -14.38% | -21.62% |
Gross Profit | $26.47M | $30.20M | $27.78M |
YoY Change | -12.34% | 0.0% | -33.05% |
Gross Profit Margin | 48.98% | 49.39% | 45.28% |
Selling, General & Admin | $17.62M | $15.97M | $41.80M |
YoY Change | 10.29% | -65.5% | -9.52% |
% of Gross Profit | 66.54% | 52.89% | 150.45% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $1.204M | $1.211M | $1.570M |
YoY Change | -0.58% | -15.31% | 1.29% |
% of Gross Profit | 4.55% | 4.01% | 5.65% |
Operating Expenses | $31.34M | $35.28M | $45.90M |
YoY Change | -11.16% | -16.47% | -3.97% |
Operating Profit | -$5.075M | -$6.542M | -$18.12M |
YoY Change | -22.42% | -20.8% | 187.56% |
Interest Expense | $300.0K | $400.0K | $100.0K |
YoY Change | -25.0% | -90.0% | |
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$4.756M | -$6.027M | -$14.47M |
YoY Change | -21.09% | 0.0% | -40.45% |
Income Tax | $266.0K | -$4.815M | -$500.0K |
% Of Pretax Income | |||
Net Earnings | -$5.000M | -$1.200M | -$14.00M |
YoY Change | 316.67% | -85.71% | -73.98% |
Net Earnings / Revenue | -9.25% | -1.96% | -22.81% |
Basic Earnings Per Share | -$0.15 | ||
Diluted Earnings Per Share | -$0.15 | -$37.62K | -$444.4K |
COMMON SHARES | |||
Basic Shares Outstanding | 32.81M shares | 31.88M shares | 31.50M shares |
Diluted Shares Outstanding | 32.81M shares | 31.88M shares |
Balance Sheet
Concept | 2018 Q4 | 2017 Q4 | 2017 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $68.50M | $96.80M | $94.30M |
YoY Change | -29.24% | -23.72% | -29.89% |
Cash & Equivalents | $38.51M | $96.77M | $94.35M |
Short-Term Investments | $30.00M | ||
Other Short-Term Assets | $7.000M | $7.400M | $11.90M |
YoY Change | -5.41% | -36.21% | 6.25% |
Inventory | $10.50M | $17.05M | $20.74M |
Prepaid Expenses | |||
Receivables | $6.089M | $7.442M | $11.60M |
Other Receivables | $1.500M | $0.00 | $400.0K |
Total Short-Term Assets | $93.62M | $128.7M | $138.9M |
YoY Change | -27.23% | -27.37% | -24.87% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $17.27M | $16.53M | $16.79M |
YoY Change | 4.49% | 6.03% | 16.81% |
Goodwill | $59.72M | $45.47M | $45.39M |
YoY Change | 31.36% | 1.52% | 0.56% |
Intangibles | $7.035M | $425.0K | $427.0K |
YoY Change | 1555.29% | -81.71% | -83.89% |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $14.18M | $12.81M | $12.74M |
YoY Change | 10.73% | 8.12% | 6.0% |
Total Long-Term Assets | $99.24M | $76.19M | $76.31M |
YoY Change | 30.24% | 0.83% | 1.48% |
TOTAL ASSETS | |||
Total Short-Term Assets | $93.62M | $128.7M | $138.9M |
Total Long-Term Assets | $99.24M | $76.19M | $76.31M |
Total Assets | $192.9M | $204.8M | $215.2M |
YoY Change | -5.85% | -18.94% | -17.25% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $10.37M | $11.51M | $13.10M |
YoY Change | -9.91% | 25.37% | 34.6% |
Accrued Expenses | $20.90M | $26.50M | $30.20M |
YoY Change | -21.13% | -38.52% | -33.04% |
Deferred Revenue | $2.776M | $0.00 | |
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $0.00 | $0.00 | |
YoY Change | |||
Total Short-Term Liabilities | $62.77M | $65.74M | $70.76M |
YoY Change | -4.53% | -23.39% | -17.23% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $0.00 | ||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $62.77M | $65.74M | $70.76M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $66.36M | $72.33M | $82.59M |
YoY Change | -8.25% | -25.38% | -15.29% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$99.32M | -$89.65M | -$88.23M |
YoY Change | 10.78% | 56.09% | 79.91% |
Common Stock | $237.7M | $228.7M | $227.3M |
YoY Change | 3.96% | 2.8% | 3.21% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $126.5M | $132.5M | $132.6M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $192.9M | $204.8M | $215.2M |
YoY Change | -5.85% | -18.94% | -17.25% |
Cashflow Statement
Concept | 2018 Q4 | 2017 Q4 | 2017 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$5.000M | -$1.200M | -$14.00M |
YoY Change | 316.67% | -85.71% | -73.98% |
Depreciation, Depletion And Amortization | $1.204M | $1.211M | $1.570M |
YoY Change | -0.58% | -15.31% | 1.29% |
Cash From Operating Activities | -$8.076M | $3.496M | -$17.38M |
YoY Change | -331.01% | -169.63% | -341.39% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $1.575M | $948.0K | -$1.630M |
YoY Change | 66.14% | -59.16% | 7.24% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$9.980M | $0.00 | |
YoY Change | |||
Cash From Investing Activities | -$11.56M | -$966.0K | -$1.630M |
YoY Change | 1096.27% | -58.51% | 7.24% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $8.000K | $0.00 | -1.200M |
YoY Change | -100.0% | 1400.0% | |
NET CHANGE | |||
Cash From Operating Activities | -$8.076M | $3.496M | -17.38M |
Cash From Investing Activities | -$11.56M | -$966.0K | -1.630M |
Cash From Financing Activities | $8.000K | $0.00 | -1.200M |
Net Change In Cash | -$19.94M | $2.530M | -20.21M |
YoY Change | -887.94% | -134.58% | -460.89% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$8.076M | $3.496M | -$17.38M |
Capital Expenditures | $1.575M | $948.0K | -$1.630M |
Free Cash Flow | -$9.651M | $2.548M | -$15.75M |
YoY Change | -478.77% | -134.7% | -280.62% |
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1008000 | USD |
CY2018Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
1175000 | USD |
CY2018Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
1319000 | USD |
CY2018Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
1331000 | USD |
CY2018Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
1342000 | USD |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
8069000 | USD |
CY2018Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
8101000 | USD |
CY2017Q4 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
0 | USD |
CY2018Q4 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
11000 | USD |
CY2017Q4 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
7662000 | USD |
CY2018Q4 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
8634000 | USD |
CY2017Q3 | us-gaap |
Goodwill
Goodwill
|
45388000 | USD |
CY2018Q3 | us-gaap |
Goodwill
Goodwill
|
59819000 | USD |
CY2018Q4 | us-gaap |
Goodwill
Goodwill
|
59724000 | USD |
CY2018 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
14558000 | USD |
CY2018 | us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
-127000 | USD |
CY2018Q4 | us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
-95000 | USD |
CY2017Q4 | us-gaap |
Gross Profit
GrossProfit
|
30199000 | USD |
CY2018Q4 | us-gaap |
Gross Profit
GrossProfit
|
26473000 | USD |
CY2015Q1 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
10000000 | GBP |
CY2017Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-6027000 | USD |
CY2018Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-4756000 | USD |
CY2017Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-4815000 | USD |
CY2018Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
266000 | USD |
CY2017Q4 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
251000 | USD |
CY2018Q4 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
32000 | USD |
CY2017Q4 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1590000 | USD |
CY2018Q4 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-3490000 | USD |
CY2017Q4 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-4140000 | USD |
CY2018Q4 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1298000 | USD |
CY2017Q4 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-3662000 | USD |
CY2018Q4 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-413000 | USD |
CY2017Q4 | us-gaap |
Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
|
18000 | USD |
CY2018Q4 | us-gaap |
Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
|
5000 | USD |
CY2017Q4 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-1842000 | USD |
CY2018Q4 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
374000 | USD |
CY2017Q4 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-78000 | USD |
CY2018Q4 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-239000 | USD |
CY2017Q4 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-4714000 | USD |
CY2018Q4 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1401000 | USD |
CY2018Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
7366000 | USD |
CY2018Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
7035000 | USD |
CY2017Q4 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
515000 | USD |
CY2018Q4 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
319000 | USD |
CY2018Q3 | us-gaap |
Inventory Net
InventoryNet
|
10122000 | USD |
CY2018Q4 | us-gaap |
Inventory Net
InventoryNet
|
10504000 | USD |
CY2017Q4 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
1841000 | USD |
CY2018Q4 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
0 | USD |
CY2018Q3 | us-gaap |
Liabilities
Liabilities
|
72178000 | USD |
CY2018Q4 | us-gaap |
Liabilities
Liabilities
|
66357000 | USD |
CY2018Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
201832000 | USD |
CY2018Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
192856000 | USD |
CY2018Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
68471000 | USD |
CY2018Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
62766000 | USD |
CY2018Q2 | us-gaap |
Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
|
17000000 | USD |
CY2017Q4 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
0 | USD |
CY2018Q4 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
8000 | USD |
CY2017Q4 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-966000 | USD |
CY2018Q4 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-11556000 | USD |
CY2017Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
3496000 | USD |
CY2018Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-8076000 | USD |
CY2017Q4 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1212000 | USD |
CY2018Q4 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-5022000 | USD |
CY2018Q4 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
5 | reportablesegment |
CY2018Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
31343000 | USD |
CY2017Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-6542000 | USD |
CY2018Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
14183000 | USD |
CY2018Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-5075000 | USD |
CY2018Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
14124000 | USD |
CY2018Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
14272000 | USD |
CY2017Q4 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-51000 | USD |
CY2018Q4 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-427000 | USD |
CY2017Q4 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-51000 | USD |
CY2018Q4 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-427000 | USD |
CY2017Q4 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-1459000 | USD |
CY2017Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
35282000 | USD |
CY2018Q4 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-205000 | USD |
CY2018 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
3746000 | USD |
CY2018Q4 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
898000 | USD |
CY2017Q4 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
948000 | USD |
CY2018Q4 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1575000 | USD |
CY2017Q4 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
0 | USD |
CY2018Q4 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
10000000 | USD |
CY2018Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
7816000 | USD |
CY2018Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
6999000 | USD |
CY2018Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
8487000 | USD |
CY2018Q3 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
1727000 | USD |
CY2018Q4 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
1516000 | USD |
CY2017Q4 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
0 | USD |
CY2018Q4 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
24000 | USD |
CY2017Q4 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
0 | USD |
CY2018Q4 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
8000 | USD |
CY2017Q4 | us-gaap |
Production And Distribution Costs
ProductionAndDistributionCosts
|
3312000 | USD |
CY2018Q4 | us-gaap |
Production And Distribution Costs
ProductionAndDistributionCosts
|
2624000 | USD |
CY2018Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
16610000 | USD |
CY2018Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
17274000 | USD |
CY2017Q4 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
16000 | USD |
CY2018Q4 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
81000 | USD |
CY2017Q4 | us-gaap |
Restructuring Charges
RestructuringCharges
|
1347000 | USD |
CY2018 | us-gaap |
Restructuring Charges
RestructuringCharges
|
1942000 | USD |
CY2018Q4 | us-gaap |
Restructuring Charges
RestructuringCharges
|
350000 | USD |
CY2017Q3 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
3180000 | USD |
CY2018Q3 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
1376000 | USD |
CY2018Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
828000 | USD |
CY2018Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-100045000 | USD |
CY2018Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-104337000 | USD |
CY2018Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-99315000 | USD |
CY2017Q4 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
61143000 | USD |
CY2017Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
|
3300000 | shares |
CY2016Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
13000000 | shares |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
126499000 | USD |
CY2018Q4 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
54053000 | USD |
CY2017Q4 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
8310000 | USD |
CY2018Q4 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
8981000 | USD |
CY2017Q4 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
930000 | USD |
CY2018Q4 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1513000 | USD |
CY2017Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
16300000 | shares |
CY2018Q3 | us-gaap |
Short Term Investments
ShortTermInvestments
|
20000000 | USD |
CY2018Q4 | us-gaap |
Short Term Investments
ShortTermInvestments
|
30000000 | USD |
CY2018Q4 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
8000 | USD |
CY2018Q4 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
10100000 | USD |
CY2017Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
132636000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
132522000 | USD |
CY2018Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
129654000 | USD |
CY2017Q4 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
0 | shares |
CY2018Q4 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
0 | shares |
CY2017Q4 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
31876603 | shares |
CY2018Q4 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
32808144 | shares |
CY2018Q4 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Risk Associated with Certain Concentrations</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">    </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company does not perform credit evaluations for the majority of its buyers. However, most sales are recorded subsequent to payment authorization being received. As a result, the Company is not subject to significant collection risk, as most goods are not shipped before payment is received.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For consignment sales transactions, funds are typically collected from buyers and are held by the Company on the sellers' behalf. The funds are included in cash in the consolidated financial statements. The Company releases the funds to the seller, less the Company's commission and other fees due, after the buyer has accepted the goods or within 30 days, depending on the state where the buyer and seller conduct business. The amount of cash held on behalf of sellers is recorded within Payables to sellers in the accompanying Consolidated Balance Sheets.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash in banks over FDIC limits, certificates of deposit, and accounts receivable. The Company deposits its cash with financial institutions that the Company considers to be of high credit quality.</font></div></div> | |
CY2018Q4 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:46px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Liquidity Services, Inc. (the “Company”) operates a network of ecommerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment. The Company’s marketplaces provide professional buyers access to a global, organized supply of new, surplus, and scrap assets presented with digital images and other relevant product information. Additionally, the Company enables its corporate and government sellers to enhance their financial return on offered assets by providing a liquid marketplace and value-added services that encompass the consultative management, valuation, and sale of surplus assets. The Company's services include program management, valuation, asset management, reconciliation, returns process management, refurbishment and recycling, fulfillment, marketing and sales, warehousing and transportation, buyer support, compliance and risk mitigation, as well as self-service tools for its sellers. The Company organizes the products on its marketplaces into categories across major industry verticals such as consumer electronics, general merchandise, apparel, scientific equipment, aerospace parts and equipment, technology hardware, energy equipment, industrial capital assets, fleet and transportation equipment and specialty equipment. The Company’s marketplaces are: www.liquidation.com, www.govdeals.com, www.networkintl.com, www.secondipity.com, www.go-dove.com, and www.auctiondeals.com. The Company also operates a global search engine for listing used machinery and equipment for sale at www.machinio.com. The Company has </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;"> reportable segments, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), GovDeals, Machinio and Corporate & Other. See Note 13 in the Notes to the Consolidated Financial Statements for Segment Information.</font></div><div style="line-height:120%;text-indent:46px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On July 10, 2018, the Company acquired </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> of Machinio Corp.("Machinio"), a privately-owned company based in Chicago, Illinois, with a second office in Berlin, Germany. Machinio operates a global online platform for listing used equipment for sale in the construction, machine tool, transportation, printing and agriculture sectors. The consideration paid to the sellers was approximately </font><font style="font-family:inherit;font-size:10pt;">$16.7 million</font><font style="font-family:inherit;font-size:10pt;"> in net cash, equity consideration of approximately </font><font style="font-family:inherit;font-size:10pt;">$2.0 million</font><font style="font-family:inherit;font-size:10pt;">, and contingent consideration payable in 2020 in an amount up to </font><font style="font-family:inherit;font-size:10pt;">$5.0 million</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's operations are subject to certain risks and uncertainties, many of which are associated with technology-oriented companies, including, but not limited to, the Company's dependence on use of the Internet, the effect of general business and economic trends, the Company's susceptibility to rapid technological change, actual and potential competition by entities with greater financial and other resources, and the potential for the commercial sellers from which the Company derives a significant portion of its inventory to change the way they conduct their disposition of surplus assets or to otherwise terminate or not renew their contracts with the Company.</font></div></div> |