2017 Q3 Form 10-Q Financial Statement
#000162828017007977 Filed on August 03, 2017
Income Statement
Concept | 2017 Q3 | 2017 Q2 | 2016 Q2 |
---|---|---|---|
Revenue | $61.36M | $50.57M | $65.52M |
YoY Change | -21.84% | -22.82% | -26.96% |
Cost Of Revenue | $29.00M | $30.41M | $39.29M |
YoY Change | -21.62% | -22.6% | 9.75% |
Gross Profit | $27.78M | $27.14M | $29.92M |
YoY Change | -33.05% | -9.27% | -44.49% |
Gross Profit Margin | 45.28% | 53.68% | 45.66% |
Selling, General & Admin | $41.80M | $41.90M | $44.20M |
YoY Change | -9.52% | -5.2% | -14.84% |
% of Gross Profit | 150.45% | 154.36% | 147.74% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $1.570M | $1.370M | $1.620M |
YoY Change | 1.29% | -15.43% | -20.59% |
% of Gross Profit | 5.65% | 5.05% | 5.41% |
Operating Expenses | $45.90M | $38.68M | $45.80M |
YoY Change | -3.97% | -15.55% | -15.19% |
Operating Profit | -$18.12M | -$8.762M | $67.00K |
YoY Change | 187.56% | -13177.61% | -167.0% |
Interest Expense | $100.0K | $200.0K | -$200.0K |
YoY Change | -90.0% | -200.0% | |
% of Operating Profit | -298.51% | ||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$14.47M | -$3.093M | -$8.573M |
YoY Change | -40.45% | -63.92% | |
Income Tax | -$500.0K | $41.00K | -$17.00K |
% Of Pretax Income | |||
Net Earnings | -$14.00M | -$8.600M | -$100.0K |
YoY Change | -73.98% | 8500.0% | -106.25% |
Net Earnings / Revenue | -22.81% | -17.01% | -0.15% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$444.4K | -$273.0K | -$3.257K |
COMMON SHARES | |||
Basic Shares Outstanding | 31.50M shares | 31.49M shares | 30.73M shares |
Diluted Shares Outstanding | 31.49M shares | 30.73M shares |
Balance Sheet
Concept | 2017 Q3 | 2017 Q2 | 2016 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $94.30M | $113.9M | $129.9M |
YoY Change | -29.89% | -12.32% | 35.03% |
Cash & Equivalents | $94.35M | $113.9M | $129.9M |
Short-Term Investments | |||
Other Short-Term Assets | $11.90M | $9.900M | $19.20M |
YoY Change | 6.25% | -48.44% | -27.27% |
Inventory | $20.74M | $18.88M | $25.80M |
Prepaid Expenses | |||
Receivables | $11.60M | $11.62M | $9.000M |
Other Receivables | $400.0K | $400.0K | $1.400M |
Total Short-Term Assets | $138.9M | $154.7M | $185.3M |
YoY Change | -24.87% | -16.52% | 6.92% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $16.79M | $16.69M | $14.10M |
YoY Change | 16.81% | 18.36% | 8.46% |
Goodwill | $45.39M | $45.19M | |
YoY Change | 0.56% | ||
Intangibles | $427.0K | $1.374M | $2.324M |
YoY Change | -83.89% | -40.88% | |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $12.74M | $12.61M | $29.50M |
YoY Change | 6.0% | -57.25% | -3.91% |
Total Long-Term Assets | $76.31M | $76.88M | $110.7M |
YoY Change | 1.48% | -30.55% | -34.69% |
TOTAL ASSETS | |||
Total Short-Term Assets | $138.9M | $154.7M | $185.3M |
Total Long-Term Assets | $76.31M | $76.88M | $110.7M |
Total Assets | $215.2M | $231.6M | $296.0M |
YoY Change | -17.25% | -21.77% | -13.65% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $13.10M | $11.77M | $39.00M |
YoY Change | 34.6% | -69.83% | -22.77% |
Accrued Expenses | $30.20M | $31.70M | $35.40M |
YoY Change | -33.04% | -10.45% | 48.74% |
Deferred Revenue | $0.00 | ||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Total Short-Term Liabilities | $70.76M | $77.37M | $74.40M |
YoY Change | -17.23% | 3.99% | 0.27% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $70.76M | $77.37M | $74.40M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $82.59M | $88.01M | $77.90M |
YoY Change | -15.29% | 12.98% | -3.83% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$88.23M | -$74.26M | |
YoY Change | 79.91% | ||
Common Stock | $227.3M | $226.5M | |
YoY Change | 3.21% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $132.6M | $143.6M | $218.1M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $215.2M | $231.6M | $296.0M |
YoY Change | -17.25% | -21.77% | -13.65% |
Cashflow Statement
Concept | 2017 Q3 | 2017 Q2 | 2016 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$14.00M | -$8.600M | -$100.0K |
YoY Change | -73.98% | 8500.0% | -106.25% |
Depreciation, Depletion And Amortization | $1.570M | $1.370M | $1.620M |
YoY Change | 1.29% | -15.43% | -20.59% |
Cash From Operating Activities | -$17.38M | $80.00K | $13.94M |
YoY Change | -341.39% | -99.43% | 31.39% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$1.630M | -$2.290M | -$1.870M |
YoY Change | 7.24% | 22.46% | 567.86% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | ||
YoY Change | |||
Cash From Investing Activities | -$1.630M | -$2.290M | -$1.870M |
YoY Change | 7.24% | 22.46% | 567.86% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -1.200M | 10.00K | 70.00K |
YoY Change | 1400.0% | -85.71% | -177.78% |
NET CHANGE | |||
Cash From Operating Activities | -17.38M | 80.00K | 13.94M |
Cash From Investing Activities | -1.630M | -2.290M | -1.870M |
Cash From Financing Activities | -1.200M | 10.00K | 70.00K |
Net Change In Cash | -20.21M | -2.200M | 12.14M |
YoY Change | -460.89% | -118.12% | 18.55% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$17.38M | $80.00K | $13.94M |
Capital Expenditures | -$1.630M | -$2.290M | -$1.870M |
Free Cash Flow | -$15.75M | $2.370M | $15.81M |
YoY Change | -280.62% | -85.01% | 45.18% |
Facts In Submission
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Q3 | ||
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2017 | ||
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2017-06-30 | ||
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10-Q | ||
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us-gaap |
Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
749000 | USD | |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
|
700000 | USD | |
CY2016Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
6119000 | USD |
CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
5900000 | USD |
CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
53000 | USD |
CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
183000 | USD |
CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
182000 | USD |
CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
189000 | USD |
CY2016Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
8769000 | USD |
CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
7274000 | USD |
CY2016Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
9042000 | USD |
CY2017Q2 | us-gaap |
Goodwill
Goodwill
|
45189000 | USD |
us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
55000 | USD | |
CY2016Q3 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
19000000 | USD |
CY2015Q1 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
10000000 | GBP |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
29576000 | USD | |
us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | USD | |
us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
1028000 | USD | |
CY2017Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
8751000 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
26836000 | USD | |
CY2016Q3 | us-gaap |
Goodwill
Goodwill
|
45134000 | USD |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
2036000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-34001000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-931000 | USD | |
CY2016Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-141000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-8609000 | USD | |
CY2017Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-8573000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-25129000 | USD | |
CY2016Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-17000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-2438000 | USD | |
CY2017Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
41000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
91000 | USD | |
CY2016Q3 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
1205000 | USD |
CY2017Q2 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
378000 | USD |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-988000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
2997000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1274000 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
7907000 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-13422000 | USD | |
us-gaap |
Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
|
46000 | USD | |
us-gaap |
Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
|
78000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
2371000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-633000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-134000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-662000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1919000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-981000 | USD | |
CY2016Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
2650000 | USD |
CY2017Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
1374000 | USD |
CY2016Q3 | us-gaap |
Inventory Net
InventoryNet
|
27610000 | USD |
CY2017Q2 | us-gaap |
Inventory Net
InventoryNet
|
18876000 | USD |
CY2016Q3 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
3400000 | USD |
CY2017Q2 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
4300000 | USD |
us-gaap |
Inventory Write Down
InventoryWriteDown
|
2052000 | USD | |
us-gaap |
Inventory Write Down
InventoryWriteDown
|
8101000 | USD | |
CY2016Q3 | us-gaap |
Liabilities
Liabilities
|
97498000 | USD |
CY2017Q2 | us-gaap |
Liabilities
Liabilities
|
88013000 | USD |
CY2016Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
260109000 | USD |
CY2017Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
231566000 | USD |
CY2016Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
85488000 | USD |
CY2017Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
77371000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-138000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
93000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4633000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-6288000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
38636000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-14266000 | USD | |
CY2016Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-124000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-6171000 | USD | |
CY2017Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-8614000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-25220000 | USD | |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | reportablesegment | |
CY2017Q2 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | reportablesegment |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | ||
CY2016Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
67000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-8851000 | USD | |
CY2017Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-8762000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-25420000 | USD | |
CY2016Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
12016000 | USD |
CY2017Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
12611000 | USD |
CY2016Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-117000 | USD |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
546000 | USD | |
CY2017Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
323000 | USD |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-68000 | USD | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-117000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
546000 | USD | |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
323000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-68000 | USD | |
CY2016Q2 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
0 | USD |
us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
0 | USD | |
CY2017Q2 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-652000 | USD |
us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-1044000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
4587000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
6210000 | USD | |
CY2016Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
9063000 | USD |
CY2017Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
7891000 | USD |
CY2016Q3 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
2166000 | USD |
CY2017Q2 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
1981000 | USD |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
0 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
93000 | USD | |
CY2016Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
14376000 | USD |
CY2017Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
16689000 | USD |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
226000 | USD | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-1000 | USD | |
CY2016Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-49039000 | USD |
CY2017Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-74259000 | USD |
CY2016Q2 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
62025000 | USD |
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
178633000 | USD | |
CY2017Q2 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
44404000 | USD |
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
144799000 | USD | |
CY2016Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
85188000 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
237941000 | USD | |
CY2017Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
65520000 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
208650000 | USD | |
us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
59308000 | USD | |
CY2017Q2 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
21116000 | USD |
us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
63851000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8228000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5462000 | USD | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
112380 | shares | |
CY2017Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
|
3300000 | shares |
CY2016Q2 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
23163000 | USD |
CY2016Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
13000000 | shares |
CY2017Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
16300000 | shares |
CY2017Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
3175586 | shares |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
40718 | shares | |
CY2017Q2 | us-gaap |
Share Price
SharePrice
|
6.35 | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
93000 | USD | |
CY2017Q2 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
10100000 | USD |
CY2016Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
162611000 | USD |
CY2017Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
143553000 | USD |
us-gaap |
Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
|
-300000 | USD | |
CY2016 | us-gaap |
Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
|
-700000 | USD |
us-gaap |
Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
|
-1400000 | USD | |
CY2016Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares | |
CY2017Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares | |
CY2016Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
30726554 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
30603641 | shares | |
CY2017Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
31485599 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
31369077 | shares | |
CY2016Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
30726554 | shares |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
30603641 | shares | |
CY2017Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
31485599 | shares |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
31369077 | shares | |
CY2016Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
30726554 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
30603641 | shares | |
CY2017Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
31485599 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
31369077 | shares | |
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 (the “Company”) operates a network of leading e-commerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering over </font><font style="font-family:inherit;font-size:10pt;">500</font><font style="font-family:inherit;font-size:10pt;"> product categories. 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 broad range of services include program management, valuation, asset management, reconciliation, RTV and RMA ("Return to Vendor" and "Returns Management Authorization"), refurbishment and recycling, fulfillment, marketing and sales, warehousing and transportation, buyer customer support, and compliance and risk mitigation. 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.govliquidation.com, www.govdeals.com, www.networkintl.com, www.secondipity.com, www.go-dove.com, www.unclesamsretailoutlet.com, www.irondirect.com, and auctiondeals.com. The Company has over </font><font style="font-family:inherit;font-size:10pt;">10,000</font><font style="font-family:inherit;font-size:10pt;"> clients, including Fortune 1000 and Global 500 organizations as well as federal, state, and local government agencies. The Company has </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> reportable segments, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and GovDeals.</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;">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 U.S. Government agencies from which the Company derives a significant portion of its inventory to change the way they conduct their surplus disposition or to otherwise not renew their contracts with the Company. </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 has evaluated subsequent events through the date that these financial statements were issued and filed with the Securities and Exchange Commission.</font></div></div> |