2017 Q1 Form 10-Q Financial Statement

#000159097617000043 Filed on May 03, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q4 2016 Q2
Revenue $77.15M $67.66M $66.68M
YoY Change 12.56% 11.83% 9.82%
Cost Of Revenue $55.79M $49.85M $48.90M
YoY Change 11.28% 11.7% 10.14%
Gross Profit $21.36M $17.81M $17.83M
YoY Change 16.06% 12.18% 9.52%
Gross Profit Margin 27.69% 26.33% 26.73%
Selling, General & Admin $7.786M $5.603M $9.500M
YoY Change 28.99% -11.83% 115.91%
% of Gross Profit 36.45% 31.45% 53.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.050M $1.026M $1.500M
YoY Change 26.05% 22.0% 25.0%
% of Gross Profit 4.92% 5.76% 8.42%
Operating Expenses $7.786M $5.603M $10.00M
YoY Change 28.99% -11.83% 100.0%
Operating Profit $13.03M $11.66M $7.825M
YoY Change 10.16% 29.87% -30.9%
Interest Expense $416.0K $37.00K -$1.000M
YoY Change -66.69% -89.78% 42.86%
% of Operating Profit 3.19% 0.32% -12.78%
Other Income/Expense, Net -$375.0K $21.00K $0.00
YoY Change -68.98% -93.91%
Pretax Income $12.65M $11.68M $6.900M
YoY Change 19.17% 35.3% -34.91%
Income Tax $3.805M $3.945M $2.800M
% Of Pretax Income 30.08% 33.77% 40.58%
Net Earnings $8.013M $6.901M $3.604M
YoY Change 38.73% 35.21% -36.23%
Net Earnings / Revenue 10.39% 10.2% 5.4%
Basic Earnings Per Share $0.45 $0.39 $0.21
Diluted Earnings Per Share $0.45 $0.39 $0.20
COMMON SHARES
Basic Shares Outstanding 17.88M shares 17.79M shares
Diluted Shares Outstanding 17.96M shares 17.84M shares

Balance Sheet

Concept 2017 Q1 2016 Q4 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $32.30M $25.90M $25.90M
YoY Change 69.11% 73.83% 208.33%
Cash & Equivalents $32.30M $25.91M $25.92M
Short-Term Investments
Other Short-Term Assets $2.300M $2.200M $2.700M
YoY Change -36.11% -38.89% 16775.0%
Inventory $27.37M $23.41M $20.43M
Prepaid Expenses $2.707M
Receivables $14.72M $8.110M $14.69M
Other Receivables $0.00 $0.00 $1.000M
Total Short-Term Assets $76.70M $59.69M $64.71M
YoY Change 21.24% 14.74% 63.29%
LONG-TERM ASSETS
Property, Plant & Equipment $21.95M $21.67M $17.81M
YoY Change 22.61% 26.07% 19.18%
Goodwill $12.65M $12.25M $12.47M
YoY Change -0.17% -0.71% -1.54%
Intangibles $10.13M $11.70M
YoY Change
Long-Term Investments
YoY Change
Other Assets $108.0K $30.00K $32.00K
YoY Change 125.0% -33.33% -68.63%
Total Long-Term Assets $158.3M $156.1M $157.6M
YoY Change 8.11% 5.54% -1.91%
TOTAL ASSETS
Total Short-Term Assets $76.70M $59.69M $64.71M
Total Long-Term Assets $158.3M $156.1M $157.6M
Total Assets $235.0M $215.8M $222.3M
YoY Change 12.07% 7.94% 10.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.98M $14.24M $16.16M
YoY Change 1.77% 12.26% 76.57%
Accrued Expenses $21.41M $19.97M $19.06M
YoY Change 62.24% 35.9% 34.81%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $8.000M
YoY Change -100.0% -100.0% 23.08%
Total Short-Term Liabilities $46.56M $39.66M $47.83M
YoY Change 7.99% 3.49% 42.61%
LONG-TERM LIABILITIES
Long-Term Debt $55.15M $55.09M $63.09M
YoY Change -16.44% -18.98% -10.95%
Other Long-Term Liabilities $275.0K $302.0K $1.136M
YoY Change -71.29% -32.44% 313.09%
Total Long-Term Liabilities $55.43M $55.39M $64.22M
YoY Change -17.22% -19.07% -9.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $46.56M $39.66M $47.83M
Total Long-Term Liabilities $55.43M $55.39M $64.22M
Total Liabilities $193.2M $185.6M $202.3M
YoY Change -5.6% -7.84% 1.64%
SHAREHOLDERS EQUITY
Retained Earnings -$9.585M -$17.66M -$28.30M
YoY Change -69.92% -53.1% -38.79%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $39.05M $25.73M $15.35M
YoY Change
Total Liabilities & Shareholders Equity $235.0M $215.8M $222.3M
YoY Change 12.07% 7.94% 10.99%

Cashflow Statement

Concept 2017 Q1 2016 Q4 2016 Q2
OPERATING ACTIVITIES
Net Income $8.013M $6.901M $3.604M
YoY Change 38.73% 35.21% -36.23%
Depreciation, Depletion And Amortization $1.050M $1.026M $1.500M
YoY Change 26.05% 22.0% 25.0%
Cash From Operating Activities $8.400M $15.50M $13.30M
YoY Change -3.45% 93.75% 34.34%
INVESTING ACTIVITIES
Capital Expenditures -$1.600M -$4.500M -$800.0K
YoY Change -15.79% 104.55% -27.27%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $100.0K
YoY Change -100.0%
Cash From Investing Activities -$1.600M -$4.600M -$600.0K
YoY Change -15.79% 109.09% -45.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.117M
YoY Change
Cash From Financing Activities -400.0K -1.500M -5.800M
YoY Change -85.19% -16.67% -23.68%
NET CHANGE
Cash From Operating Activities 8.400M 15.50M 13.30M
Cash From Investing Activities -1.600M -4.600M -600.0K
Cash From Financing Activities -400.0K -1.500M -5.800M
Net Change In Cash 6.400M 9.400M 6.900M
YoY Change 56.1% 135.0% 475.0%
FREE CASH FLOW
Cash From Operating Activities $8.400M $15.50M $13.30M
Capital Expenditures -$1.600M -$4.500M -$800.0K
Free Cash Flow $10.00M $20.00M $14.10M
YoY Change -5.66% 96.08% 28.18%

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18292000 USD
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1250000 USD
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22294000 USD
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30648000 USD
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1767000 USD
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833000 USD
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us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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686000 USD
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37000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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911000 USD
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1029000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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0 USD
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167000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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5430000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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6983000 USD
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0.01
CY2017Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2017Q1 us-gaap Preferred Stock Shares Authorized
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CY2015Q2 us-gaap Preferred Stock Shares Issued
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CY2017Q1 us-gaap Preferred Stock Shares Issued
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CY2015Q2 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2017Q1 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2016Q2 us-gaap Preferred Stock Value
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CY2017Q1 us-gaap Preferred Stock Value
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CY2016Q2 us-gaap Prepaid Expense And Other Assets
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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16000 USD
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CY2017Q1 us-gaap Prepaid Expense And Other Assets
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880000 USD
us-gaap Product Warranty Accrual Payments
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Product Warranty Accrual Payments
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3764000 USD
us-gaap Product Warranty Accrual Warranties Issued
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3990000 USD
us-gaap Profit Loss
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CY2017Q1 us-gaap Product Warranty Accrual Warranties Issued
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us-gaap Product Warranty Accrual Warranties Issued
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5863000 USD
CY2016Q1 us-gaap Profit Loss
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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17799221 shares

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