2024 Q4 Form 10-Q Financial Statement

#000143774924034202 Filed on November 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $138.1M
YoY Change 11.87%
Cost Of Revenue $104.4M
YoY Change 20.74%
Gross Profit $33.65M
YoY Change -8.04%
Gross Profit Margin 24.37%
Selling, General & Admin $24.52M
YoY Change -4.07%
% of Gross Profit 72.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.940M
YoY Change 24.0%
% of Gross Profit 8.74%
Operating Expenses $24.52M
YoY Change -4.07%
Operating Profit $9.131M
YoY Change -17.2%
Interest Expense $875.0K
YoY Change 54.59%
% of Operating Profit 9.58%
Other Income/Expense, Net $61.00K
YoY Change -163.54%
Pretax Income $8.317M
YoY Change -19.77%
Income Tax $1.635M
% Of Pretax Income 19.66%
Net Earnings $6.682M
YoY Change -16.77%
Net Earnings / Revenue 4.84%
Basic Earnings Per Share $0.23
Diluted Earnings Per Share $0.22
COMMON SHARES
Basic Shares Outstanding 29.84M 29.74M
Diluted Shares Outstanding 30.53M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.969M
YoY Change 99.11%
Cash & Equivalents $6.969M
Short-Term Investments
Other Short-Term Assets $5.517M
YoY Change 37.93%
Inventory $71.26M
Prepaid Expenses
Receivables $80.74M
Other Receivables $2.404M
Total Short-Term Assets $166.9M
YoY Change 8.24%
LONG-TERM ASSETS
Property, Plant & Equipment $47.18M
YoY Change 29.97%
Goodwill $57.46M
YoY Change 27.59%
Intangibles $72.51M
YoY Change 16.92%
Long-Term Investments
YoY Change
Other Assets $5.468M
YoY Change 28.39%
Total Long-Term Assets $182.6M
YoY Change 23.74%
TOTAL ASSETS
Total Short-Term Assets $166.9M
Total Long-Term Assets $182.6M
Total Assets $349.5M
YoY Change 15.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $33.85M
YoY Change 0.87%
Accrued Expenses $42.65M
YoY Change 4.41%
Deferred Revenue $10.29M
YoY Change 49.1%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $3.571M
YoY Change 0.0%
Total Short-Term Liabilities $80.07M
YoY Change 2.69%
LONG-TERM LIABILITIES
Long-Term Debt $44.12M
YoY Change 75.78%
Other Long-Term Liabilities $2.798M
YoY Change -23.22%
Total Long-Term Liabilities $46.92M
YoY Change 63.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $80.07M
Total Long-Term Liabilities $46.92M
Total Liabilities $127.0M
YoY Change 18.99%
SHAREHOLDERS EQUITY
Retained Earnings $52.99M
YoY Change 50.55%
Common Stock $158.1M
YoY Change 4.66%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $211.2M
YoY Change
Total Liabilities & Shareholders Equity $349.5M
YoY Change 15.82%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $6.682M
YoY Change -16.77%
Depreciation, Depletion And Amortization $2.940M
YoY Change 24.0%
Cash From Operating Activities $11.85M
YoY Change 11.84%
INVESTING ACTIVITIES
Capital Expenditures $759.0K
YoY Change -45.51%
Acquisitions
YoY Change
Other Investing Activities -$59.00K
YoY Change
Cash From Investing Activities -$818.0K
YoY Change -41.28%
FINANCING ACTIVITIES
Cash Dividend Paid $1.500M
YoY Change 7.14%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $47.10M
YoY Change -4.58%
Cash From Financing Activities -$8.060M
YoY Change 8.35%
NET CHANGE
Cash From Operating Activities $11.85M
Cash From Investing Activities -$818.0K
Cash From Financing Activities -$8.060M
Net Change In Cash $2.859M
YoY Change 67.68%
FREE CASH FLOW
Cash From Operating Activities $11.85M
Capital Expenditures $759.0K
Free Cash Flow $11.09M
YoY Change 20.52%

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FinanceLeaseLiabilityCurrent
324000 usd
CY2024Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
553000 usd
CY2024Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
636000 usd
CY2024Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
877000 usd
CY2024Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
960000 usd
CY2024Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y6M29D
CY2024Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y9M29D
CY2024Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0486 pure
CY2024Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0486 pure
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5182000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
324000 usd
CY2024Q3 lyts Lessee Operating Sublease Payment To Be Received Year One
LesseeOperatingSubleasePaymentToBeReceivedYearOne
5506000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5040000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
362000 usd
CY2024Q3 lyts Lessee Operating Sublease Payment To Be Received Year Two
LesseeOperatingSubleasePaymentToBeReceivedYearTwo
5402000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4107000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
257000 usd
CY2024Q3 lyts Lessee Operating Sublease Payment To Be Received Year Three
LesseeOperatingSubleasePaymentToBeReceivedYearThree
4364000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2468000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2024Q3 lyts Lessee Operating Sublease Payment To Be Received Year Four
LesseeOperatingSubleasePaymentToBeReceivedYearFour
2468000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
560000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 usd
CY2024Q3 lyts Lessee Operating Sublease Payment To Be Received Year Five
LesseeOperatingSubleasePaymentToBeReceivedYearFive
560000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
374000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2024Q3 lyts Lessee Operating Sublease Payment To Be Received After Year Five
LesseeOperatingSubleasePaymentToBeReceivedAfterYearFive
374000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
17731000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
943000 usd
CY2024Q3 lyts Lessee Operating Sublease Payments To Be Received
LesseeOperatingSubleasePaymentsToBeReceived
18674000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1767000 usd
CY2024Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
66000 usd
CY2024Q3 lyts Lessee Net Lease Commitments Liability Undiscounted Excess Amount
LesseeNetLeaseCommitmentsLiabilityUndiscountedExcessAmount
1833000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
15964000 usd
CY2024Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
877000 usd
CY2024Q3 lyts Net Lease Commitments
NetLeaseCommitments
16841000 usd
CY2024Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.258 pure
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.268 pure
CY2024Q3 lyts Effective Income Tax Rate Reconciliation Uncertain Tax Positions Percent
EffectiveIncomeTaxRateReconciliationUncertainTaxPositionsPercent
0.008 pure
CY2023Q3 lyts Effective Income Tax Rate Reconciliation Uncertain Tax Positions Percent
EffectiveIncomeTaxRateReconciliationUncertainTaxPositionsPercent
0.009 pure
CY2024Q3 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.022 pure
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0 pure
CY2024Q3 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.091 pure
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.051 pure
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.197 pure
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.226 pure

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