2024 Q1 Form 10-Q Financial Statement

#000143774924003220 Filed on February 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4
Revenue $108.2M $109.0M
YoY Change -7.9% -15.37%
Cost Of Revenue $76.85M $77.44M
YoY Change -9.87% -18.18%
Gross Profit $31.34M $31.54M
YoY Change -2.68% -7.68%
Gross Profit Margin 28.97% 28.93%
Selling, General & Admin $23.54M $23.71M
YoY Change -3.82% -3.61%
% of Gross Profit 75.11% 75.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.680M $2.357M
YoY Change 90.63% -2.56%
% of Gross Profit 14.93% 7.47%
Operating Expenses $23.54M $23.71M
YoY Change -3.82% -3.61%
Operating Profit $7.802M $7.819M
YoY Change 0.91% -18.19%
Interest Expense -$134.0K $453.0K
YoY Change -115.28% -136.01%
% of Operating Profit -1.72% 5.79%
Other Income/Expense, Net -$75.00K $29.00K
YoY Change -205.63% -47.27%
Pretax Income $7.451M $7.395M
YoY Change 7.58% -5.62%
Income Tax $2.076M $1.489M
% Of Pretax Income 27.86% 20.14%
Net Earnings $5.375M $5.906M
YoY Change 15.12% -7.96%
Net Earnings / Revenue 4.97% 5.42%
Basic Earnings Per Share $0.18 $0.20
Diluted Earnings Per Share $0.18 $0.20
COMMON SHARES
Basic Shares Outstanding 29.07M 28.92M
Diluted Shares Outstanding 30.12M 30.04M

Balance Sheet

Concept 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.175M $2.660M
YoY Change 431.48% -3.8%
Cash & Equivalents $7.175M $2.660M
Short-Term Investments
Other Short-Term Assets $4.595M $4.386M
YoY Change -0.48% 0.18%
Inventory $60.33M $60.15M
Prepaid Expenses
Receivables $68.73M $72.16M
Other Receivables $2.654M $2.033M
Total Short-Term Assets $143.5M $141.4M
YoY Change -1.6% -5.12%
LONG-TERM ASSETS
Property, Plant & Equipment $35.17M $36.16M
YoY Change 9.78% 8.49%
Goodwill $45.03M $45.03M
YoY Change 0.0% 0.0%
Intangibles $59.63M $60.82M
YoY Change -7.39% -7.26%
Long-Term Investments
YoY Change
Other Assets $4.653M $4.139M
YoY Change 24.45% 25.05%
Total Long-Term Assets $144.5M $146.2M
YoY Change -0.49% -0.75%
TOTAL ASSETS
Total Short-Term Assets $143.5M $141.4M
Total Long-Term Assets $144.5M $146.2M
Total Assets $288.0M $287.5M
YoY Change -1.05% -2.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.11M $23.14M
YoY Change 5.52% -15.23%
Accrued Expenses $36.58M $38.85M
YoY Change -3.03% 16.76%
Deferred Revenue $4.575M $6.209M
YoY Change 18.92% 57.59%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.571M $3.571M
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $66.26M $65.55M
YoY Change 0.34% 2.21%
LONG-TERM LIABILITIES
Long-Term Debt $12.78M $17.95M
YoY Change -72.21% -69.7%
Other Long-Term Liabilities $3.548M $3.459M
YoY Change -13.17% -1.76%
Total Long-Term Liabilities $16.33M $21.41M
YoY Change -67.4% -65.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $66.26M $65.55M
Total Long-Term Liabilities $16.33M $21.41M
Total Liabilities $82.59M $86.96M
YoY Change -28.88% -31.47%
SHAREHOLDERS EQUITY
Retained Earnings $43.58M $39.66M
YoY Change 102.63% 117.79%
Common Stock $154.5M $152.9M
YoY Change 5.8% 6.95%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $198.4M $192.9M
YoY Change
Total Liabilities & Shareholders Equity $288.0M $287.5M
YoY Change -1.05% -2.95%

Cashflow Statement

Concept 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income $5.375M $5.906M
YoY Change 15.12% -7.96%
Depreciation, Depletion And Amortization $4.680M $2.357M
YoY Change 90.63% -2.56%
Cash From Operating Activities $12.43M $9.278M
YoY Change -0.46% -2.12%
INVESTING ACTIVITIES
Capital Expenditures $1.277M $1.959M
YoY Change 68.25% 249.2%
Acquisitions
YoY Change
Other Investing Activities $6.000K $26.00K
YoY Change 2500.0%
Cash From Investing Activities -$1.271M -$1.933M
YoY Change 67.46% 245.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.673M -8.288M
YoY Change -49.47% -45.43%
NET CHANGE
Cash From Operating Activities 12.43M 9.278M
Cash From Investing Activities -1.271M -1.933M
Cash From Financing Activities -6.673M -8.288M
Net Change In Cash 4.485M -943.0K
YoY Change -403.25% -84.96%
FREE CASH FLOW
Cash From Operating Activities $12.43M $9.278M
Capital Expenditures $1.277M $1.959M
Free Cash Flow $11.15M $7.319M
YoY Change -4.9% -17.93%

Facts In Submission

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45030000 usd
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134318000 usd
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12102000 usd
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12102000 usd
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12102000 usd
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CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2023Q4 us-gaap Allocated Share Based Compensation Expense
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us-gaap Income Taxes Paid
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3375000 usd
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us-gaap Stock Issued1
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lyts Stock Issued To Fund Espp Plan
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lyts Stock Issued To Fund Espp Plan
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CY2023Q4 us-gaap Finance Lease Right Of Use Asset Amortization
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CY2022Q4 us-gaap Finance Lease Right Of Use Asset Amortization
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us-gaap Finance Lease Right Of Use Asset Amortization
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146000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
148000 usd
CY2023Q4 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
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CY2022Q4 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
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us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
28000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
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CY2023Q4 us-gaap Variable Lease Cost
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us-gaap Variable Lease Cost
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116000 usd
CY2022Q4 us-gaap Sublease Income
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116000 usd
us-gaap Sublease Income
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us-gaap Sublease Income
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CY2023Q4 us-gaap Lease Cost
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986000 usd
CY2022Q4 us-gaap Lease Cost
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882000 usd
us-gaap Lease Cost
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1886000 usd
us-gaap Lease Cost
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1771000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
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us-gaap Operating Lease Payments
OperatingLeasePayments
1832000 usd
lyts Operating Lease Payments On Principal
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1537000 usd
lyts Operating Lease Payments On Principal
OperatingLeasePaymentsOnPrincipal
1618000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
28000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
35000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
156000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
123000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9931000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8921000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6851000 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5954000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
10603000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
9520000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P3Y10M20D
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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1086000 usd
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929000 usd
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P3Y3M29D
CY2023Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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0.0486 pure
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0.0486 pure
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
3752000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
307000 usd
CY2023Q4 lyts Lessee Operating Sublease Payment To Be Received Remainder Of Fiscal Year
LesseeOperatingSubleasePaymentToBeReceivedRemainderOfFiscalYear
189000 usd
CY2023Q4 lyts Lessee Net Lease Commitments Liability To Be Paid Reaminder Of Fiscal Year
LesseeNetLeaseCommitmentsLiabilityToBePaidReaminderOfFiscalYear
3870000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3026000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
362000 usd
CY2023Q4 lyts Lessee Operating Sublease Payment To Be Received Year One
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31000 usd
CY2023Q4 lyts Lessee Net Lease Commitments Liability To Be Paid Year One
LesseeNetLeaseCommitmentsLiabilityToBePaidYearOne
3357000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1929000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
362000 usd
CY2023Q4 lyts Lessee Operating Sublease Payment To Be Received Year Two
LesseeOperatingSubleasePaymentToBeReceivedYearTwo
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CY2023Q4 lyts Lessee Net Lease Commitments Liability To Be Paid Year Two
LesseeNetLeaseCommitmentsLiabilityToBePaidYearTwo
2291000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1463000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
195000 usd
CY2023Q4 lyts Lessee Operating Sublease Payment To Be Received Year Three
LesseeOperatingSubleasePaymentToBeReceivedYearThree
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CY2023Q4 lyts Lessee Net Lease Commitments Liability To Be Paid Year Three
LesseeNetLeaseCommitmentsLiabilityToBePaidYearThree
1658000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
649000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
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CY2023Q4 lyts Lessee Operating Sublease Payment To Be Received Year Four
LesseeOperatingSubleasePaymentToBeReceivedYearFour
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CY2023Q4 lyts Lessee Net Lease Commitments Liability To Be Paid Year Four
LesseeNetLeaseCommitmentsLiabilityToBePaidYearFour
649000 usd
CY2023Q4 lyts Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
1131000 usd
CY2023Q4 lyts Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
0 usd
CY2023Q4 lyts Lessee Operating Sublease Payment To Be Received After Year Five
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-0 usd
CY2023Q4 lyts Lessee Net Lease Commitments Liability To Be Paid After Year Four
LesseeNetLeaseCommitmentsLiabilityToBePaidAfterYearFour
1131000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
11950000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
1226000 usd
CY2023Q4 lyts Lessee Operating Sublease Payments To Be Received
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220000 usd
CY2023Q4 lyts Lessee Net Lease Commitments Liability To Be Paid
LesseeNetLeaseCommitmentsLiabilityToBePaid
12956000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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1347000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
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119000 usd
CY2023Q4 lyts Lessee Net Lease Commitments Liability Undiscounted Excess Amount
LesseeNetLeaseCommitmentsLiabilityUndiscountedExcessAmount
1466000 usd
CY2023Q4 us-gaap Operating Lease Liability
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10603000 usd
CY2023Q4 us-gaap Finance Lease Liability
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1107000 usd
CY2023Q4 lyts Net Lease Commitments
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11490000 usd
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0.256 pure
CY2022Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2023Q4 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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CY2022Q4 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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0 pure
CY2023Q4 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0 pure
CY2022Q4 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.019 pure
us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0 pure
us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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CY2023Q4 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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CY2022Q4 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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-0.003 pure
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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-0.042 pure
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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0.008 pure
CY2023Q4 us-gaap Effective Income Tax Rate Continuing Operations
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0.201 pure
CY2022Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.181 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.215 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.248 pure

Files In Submission

Name View Source Status
lyts-20231231_def.xml Edgar Link unprocessable
lyts-20231231_cal.xml Edgar Link unprocessable
lyts-20231231_lab.xml Edgar Link unprocessable
lyts-20231231_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
0001437749-24-003220-index-headers.html Edgar Link pending
0001437749-24-003220-index.html Edgar Link pending
0001437749-24-003220.txt Edgar Link pending
0001437749-24-003220-xbrl.zip Edgar Link pending
ex_621582.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
lyts-20231231.xsd Edgar Link pending
lyts20231231_10q.htm Edgar Link pending
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