2018 Q4 Form 10-Q Financial Statement

#000159097619000014 Filed on February 06, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2017 Q4 2017 Q2
Revenue $165.8M $114.4M $75.11M
YoY Change 44.96% 69.04% 12.64%
Cost Of Revenue $127.5M $86.86M $55.10M
YoY Change 46.77% 74.24% 12.68%
Gross Profit $38.32M $27.52M $20.04M
YoY Change 39.25% 54.47% 12.43%
Gross Profit Margin 23.11% 24.06% 26.68%
Selling, General & Admin $15.83M $10.56M $11.50M
YoY Change 49.98% 88.42% 21.05%
% of Gross Profit 41.32% 38.37% 57.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.495M $1.687M $2.200M
YoY Change 47.9% 64.42% 46.67%
% of Gross Profit 6.51% 6.13% 10.98%
Operating Expenses $15.83M $10.56M $12.00M
YoY Change 49.98% 88.42% 20.0%
Operating Profit $20.94M $15.66M $7.965M
YoY Change 33.78% 34.25% 1.79%
Interest Expense -$1.800M $1.014M -$700.0K
YoY Change -277.51% 2640.54% -30.0%
% of Operating Profit -8.59% 6.48% -8.79%
Other Income/Expense, Net $1.827M -$29.32M $10.70M
YoY Change -106.23% -139714.29%
Pretax Income $19.12M $44.97M $18.00M
YoY Change -57.49% 284.99% 160.87%
Income Tax $4.119M $50.56M $7.700M
% Of Pretax Income 21.55% 112.42% 42.78%
Net Earnings $14.26M -$6.383M $9.664M
YoY Change -323.36% -192.49% 168.15%
Net Earnings / Revenue 8.6% -5.58% 12.87%
Basic Earnings Per Share $0.68 -$0.31 $0.54
Diluted Earnings Per Share $0.68 -$0.31 $0.53
COMMON SHARES
Basic Shares Outstanding 20.88M shares 20.43M shares
Diluted Shares Outstanding 20.99M shares 20.43M shares

Balance Sheet

Concept 2018 Q4 2017 Q4 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.90M $36.70M $32.80M
YoY Change -34.88% 41.7% 26.64%
Cash & Equivalents $23.90M $36.73M $32.82M
Short-Term Investments
Other Short-Term Assets $6.000M $4.500M $2.500M
YoY Change 33.33% 104.55% -7.41%
Inventory $68.47M $44.27M $23.84M
Prepaid Expenses $2.470M
Receivables $13.55M $9.943M $9.846M
Other Receivables $1.400M $1.100M $1.200M
Total Short-Term Assets $113.3M $96.55M $70.08M
YoY Change 17.3% 61.74% 8.3%
LONG-TERM ASSETS
Property, Plant & Equipment $60.19M $39.23M $24.12M
YoY Change 53.43% 81.08% 35.42%
Goodwill $51.41M $32.59M $12.69M
YoY Change 57.74% 165.98% 1.78%
Intangibles $149.2M $96.93M $9.597M
YoY Change 53.94% -18.0%
Long-Term Investments
YoY Change
Other Assets $313.0K $282.0K $79.00K
YoY Change 10.99% 840.0% 146.88%
Total Long-Term Assets $325.7M $231.8M $153.6M
YoY Change 40.48% 48.53% -2.56%
TOTAL ASSETS
Total Short-Term Assets $113.3M $96.55M $70.08M
Total Long-Term Assets $325.7M $231.8M $153.6M
Total Assets $438.9M $328.4M $223.7M
YoY Change 33.67% 52.18% 0.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.00M $21.26M $12.72M
YoY Change 22.25% 49.3% -21.27%
Accrued Expenses $43.06M $30.70M $21.62M
YoY Change 40.26% 53.71% 13.44%
Deferred Revenue
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 -100.0%
Total Short-Term Liabilities $73.32M $56.82M $39.19M
YoY Change 29.04% 43.28% -18.07%
LONG-TERM LIABILITIES
Long-Term Debt $143.7M $108.3M $53.40M
YoY Change 32.66% 96.58% -15.35%
Other Long-Term Liabilities $704.0K $630.0K $328.0K
YoY Change 11.75% 108.61% -71.13%
Total Long-Term Liabilities $144.4M $108.9M $53.73M
YoY Change 32.54% 96.65% -16.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $73.32M $56.82M $39.19M
Total Long-Term Liabilities $144.4M $108.9M $53.73M
Total Liabilities $271.6M $217.8M $171.4M
YoY Change 24.72% 17.37% -15.26%
SHAREHOLDERS EQUITY
Retained Earnings $53.35M -$380.0K $151.0K
YoY Change -14138.42% -97.85% -100.53%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $162.1M $105.7M $47.30M
YoY Change
Total Liabilities & Shareholders Equity $438.9M $328.4M $223.7M
YoY Change 33.67% 52.18% 0.6%

Cashflow Statement

Concept 2018 Q4 2017 Q4 2017 Q2
OPERATING ACTIVITIES
Net Income $14.26M -$6.383M $9.664M
YoY Change -323.36% -192.49% 168.15%
Depreciation, Depletion And Amortization $2.495M $1.687M $2.200M
YoY Change 47.9% 64.42% 46.67%
Cash From Operating Activities $22.40M $22.00M $5.300M
YoY Change 1.82% 41.94% -60.15%
INVESTING ACTIVITIES
Capital Expenditures -$4.600M -$3.100M -$2.300M
YoY Change 48.39% -31.11% 187.5%
Acquisitions
YoY Change
Other Investing Activities -$100.1M $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$104.7M -$3.100M -$2.200M
YoY Change 3277.42% -32.61% 266.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 34.10M -600.0K -2.400M
YoY Change -5783.33% -60.0% -58.62%
NET CHANGE
Cash From Operating Activities 22.40M 22.00M 5.300M
Cash From Investing Activities -104.7M -3.100M -2.200M
Cash From Financing Activities 34.10M -600.0K -2.400M
Net Change In Cash -48.20M 18.30M 700.0K
YoY Change -363.39% 94.68% -89.86%
FREE CASH FLOW
Cash From Operating Activities $22.40M $22.00M $5.300M
Capital Expenditures -$4.600M -$3.100M -$2.300M
Free Cash Flow $27.00M $25.10M $7.600M
YoY Change 7.57% 25.5% -46.1%

Facts In Submission

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234000 USD
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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0 USD
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650000 USD
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0 USD
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100073000 USD
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4923000 USD
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6837000 USD
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0.01
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55317000 USD
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0 USD
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105000000 USD
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0 USD
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0 USD
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0 USD
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749000 USD
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10050000 USD
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15517000 USD
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1872000 USD
CY2017Q4 us-gaap Product Warranty Accrual Payments
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CY2018Q4 us-gaap Product Warranty Accrual Payments
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2035000 USD
us-gaap Product Warranty Accrual Payments
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us-gaap Product Warranty Accrual Warranties Issued
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CY2018Q4 us-gaap Product Warranty Accrual Warranties Issued
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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us-gaap Stock Issued During Period Value Conversion Of Units
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CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2017Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2017Q4 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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CY2018Q4 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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20758095 shares

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