2022 Q4 Form 10-Q Financial Statement

#000143774922026026 Filed on November 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2022 Q2
Revenue $128.8M $127.1M $127.5M
YoY Change 15.89% 19.43% 31.39%
Cost Of Revenue $94.65M $92.32M $95.01M
YoY Change 10.45% 12.74% 28.19%
Gross Profit $34.16M $34.74M $32.46M
YoY Change 34.23% 41.73% 41.71%
Gross Profit Margin 26.52% 27.34% 25.46%
Selling, General & Admin $24.60M $24.72M $25.28M
YoY Change 17.0% 23.18% 15.69%
% of Gross Profit 72.02% 71.15% 77.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.419M $2.421M $2.486M
YoY Change -4.69% -5.54% 14.35%
% of Gross Profit 7.08% 6.97% 7.66%
Operating Expenses $24.60M $24.72M $25.28M
YoY Change 17.0% 23.18% 15.69%
Operating Profit $9.557M $10.02M $7.183M
YoY Change 116.12% 125.5% 580.21%
Interest Expense -$1.258M $788.0K -$682.0K
YoY Change -337.81% 236.75% 603.09%
% of Operating Profit -13.16% 7.86% -9.49%
Other Income/Expense, Net $55.00K -$213.0K -$115.0K
YoY Change -711.11% 169.62% 167.44%
Pretax Income $7.835M $9.020M $6.378M
YoY Change 101.73% 118.35% 603.97%
Income Tax $1.418M $2.758M $1.202M
% Of Pretax Income 18.1% 30.58% 18.85%
Net Earnings $6.417M $6.262M $5.176M
YoY Change 106.67% 99.87% 2514.14%
Net Earnings / Revenue 4.98% 4.93% 4.06%
Basic Earnings Per Share $0.23 $0.23 $0.19
Diluted Earnings Per Share $219.7K $0.22 $183.9K
COMMON SHARES
Basic Shares Outstanding 27.78M 26.88M 26.65M
Diluted Shares Outstanding 29.20M 28.66M

Balance Sheet

Concept 2022 Q4 2022 Q3 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.765M $9.028M $2.462M
YoY Change 202.52% 251.28% 7.89%
Cash & Equivalents $2.765M $9.028M $2.462M
Short-Term Investments
Other Short-Term Assets $4.378M $4.355M $3.243M
YoY Change 28.27% -19.94% -32.79%
Inventory $73.21M $80.46M $74.42M
Prepaid Expenses
Receivables $67.35M $75.45M $77.75M
Other Receivables $1.325M $1.118M $1.041M
Total Short-Term Assets $149.0M $170.4M $158.9M
YoY Change 1.62% 20.93% 27.13%
LONG-TERM ASSETS
Property, Plant & Equipment $33.33M $34.10M $35.82M
YoY Change -14.09% -15.3% -14.97%
Goodwill $45.03M $45.03M $45.03M
YoY Change 1.45% 2.84% 2.84%
Intangibles $65.58M $66.77M $67.96M
YoY Change -6.79% -6.68% -6.61%
Long-Term Investments
YoY Change
Other Assets $3.310M $3.187M $3.347M
YoY Change 0.95% 3.91% 7.24%
Total Long-Term Assets $147.3M $149.1M $152.2M
YoY Change -6.1% -6.04% -5.96%
TOTAL ASSETS
Total Short-Term Assets $149.0M $170.4M $158.9M
Total Long-Term Assets $147.3M $149.1M $152.2M
Total Assets $296.3M $319.5M $311.1M
YoY Change -2.37% 6.65% 8.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.29M $41.13M $34.78M
YoY Change -25.71% -0.36% 5.48%
Accrued Expenses $33.27M $35.23M $36.26M
YoY Change 21.06% 21.7% -4.36%
Deferred Revenue $3.940M $6.204M $6.416M
YoY Change -37.79% -27.11% -43.48%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.571M $3.571M $3.571M
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $64.13M $79.94M $74.62M
YoY Change -5.39% 8.31% 5.25%
LONG-TERM LIABILITIES
Long-Term Debt $59.25M $73.98M $76.03M
YoY Change -28.64% -0.97% 11.51%
Other Long-Term Liabilities $3.521M $3.307M $3.182M
YoY Change 19.76% -20.64% -23.64%
Total Long-Term Liabilities $62.77M $77.28M $79.21M
YoY Change -26.98% -2.01% 9.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $64.13M $79.94M $74.62M
Total Long-Term Liabilities $62.77M $77.28M $79.21M
Total Liabilities $126.9M $157.2M $153.8M
YoY Change -17.47% 2.98% 7.39%
SHAREHOLDERS EQUITY
Retained Earnings $18.21M $13.08M $8.224M
YoY Change 741.02% 3169.5% -685.34%
Common Stock $143.0M $140.6M $139.5M
YoY Change 4.59% 4.17% 5.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $161.3M $153.7M $147.8M
YoY Change
Total Liabilities & Shareholders Equity $296.3M $319.5M $311.1M
YoY Change -2.37% 6.65% 8.46%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2022 Q2
OPERATING ACTIVITIES
Net Income $6.417M $6.262M $5.176M
YoY Change 106.67% 99.87% 2514.14%
Depreciation, Depletion And Amortization $2.419M $2.421M $2.486M
YoY Change -4.69% -5.54% 14.35%
Cash From Operating Activities $9.479M $10.58M $8.805M
YoY Change -209.53% -234.15% 160.58%
INVESTING ACTIVITIES
Capital Expenditures $561.0K $434.0K -$846.0K
YoY Change 25.22% 46.13% 18.65%
Acquisitions
YoY Change
Other Investing Activities $1.000K $49.00K
YoY Change -99.8% -100.05%
Cash From Investing Activities -$560.0K -$434.0K -$797.0K
YoY Change -1176.92% 46.13% -99.13%
FINANCING ACTIVITIES
Cash Dividend Paid $1.400M
YoY Change 7.69%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $47.12M
YoY Change 10.79%
Cash From Financing Activities -15.19M -$3.590M -6.769M
YoY Change -318.86% -142.21% -110.14%
NET CHANGE
Cash From Operating Activities 9.479M $10.58M 8.805M
Cash From Investing Activities -560.0K -$434.0K -797.0K
Cash From Financing Activities -15.19M -$3.590M -6.769M
Net Change In Cash -6.270M $6.566M 1.239M
YoY Change 277.26% 2179.86% -105.82%
FREE CASH FLOW
Cash From Operating Activities $9.479M $10.58M $8.805M
Capital Expenditures $561.0K $434.0K -$846.0K
Free Cash Flow $8.918M $10.15M $9.651M
YoY Change -197.98% -223.98% 135.85%

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3444000 usd
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3285000 usd
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1197000 usd
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215000 usd
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