2011 Q3 Form 10-Q Financial Statement
#000119312511297732 Filed on November 04, 2011
Income Statement
| Concept | 2011 Q3 | 2010 Q3 |
|---|---|---|
| Revenue | $39.86M | $24.19M |
| YoY Change | 64.78% | 9.11% |
| Cost Of Revenue | $21.85M | $14.60M |
| YoY Change | 49.6% | 21.2% |
| Gross Profit | $18.01M | $9.590M |
| YoY Change | 87.8% | -5.24% |
| Gross Profit Margin | 45.18% | 39.64% |
| Selling, General & Admin | $10.41M | $7.867M |
| YoY Change | 32.29% | 9.11% |
| % of Gross Profit | 57.79% | 82.03% |
| Research & Development | $6.132M | $4.193M |
| YoY Change | 46.22% | 24.43% |
| % of Gross Profit | 34.05% | 43.73% |
| Depreciation & Amortization | $2.660M | $1.920M |
| YoY Change | 38.54% | -29.15% |
| % of Gross Profit | 14.77% | 20.02% |
| Operating Expenses | $16.54M | $12.06M |
| YoY Change | 37.14% | 2.29% |
| Operating Profit | $1.471M | -$2.470M |
| YoY Change | -159.54% | 47.93% |
| Interest Expense | -$190.0K | -$10.00K |
| YoY Change | 1800.0% | 0.0% |
| % of Operating Profit | -12.92% | |
| Other Income/Expense, Net | $0.00 | $110.0K |
| YoY Change | -100.0% | |
| Pretax Income | $2.030M | -$440.0K |
| YoY Change | -561.36% | -30.16% |
| Income Tax | $780.0K | $50.00K |
| % Of Pretax Income | 38.42% | |
| Net Earnings | $1.250M | -$490.0K |
| YoY Change | -355.1% | -166.22% |
| Net Earnings / Revenue | 3.14% | -2.03% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | $27.30K | -$15.07K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2011 Q3 | 2010 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $35.50M | $32.00M |
| YoY Change | 10.94% | -3.03% |
| Cash & Equivalents | $35.50M | $32.00M |
| Short-Term Investments | ||
| Other Short-Term Assets | $4.300M | $4.800M |
| YoY Change | -10.42% | 71.43% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $29.30M | $20.70M |
| Other Receivables | $2.500M | $6.100M |
| Total Short-Term Assets | $71.50M | $63.70M |
| YoY Change | 12.24% | 17.31% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $5.400M | $4.800M |
| YoY Change | 12.5% | 17.07% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $46.30M | $50.80M |
| YoY Change | -8.86% | -6.79% |
| Total Long-Term Assets | $147.8M | $95.30M |
| YoY Change | 55.09% | -7.48% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $71.50M | $63.70M |
| Total Long-Term Assets | $147.8M | $95.30M |
| Total Assets | $219.3M | $159.0M |
| YoY Change | 37.92% | 1.08% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $14.30M | $11.80M |
| YoY Change | 21.19% | 57.33% |
| Accrued Expenses | $8.800M | $5.800M |
| YoY Change | 51.72% | 23.4% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $42.30M | $19.30M |
| YoY Change | 119.17% | 34.97% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $19.80M | $1.700M |
| YoY Change | 1064.71% | |
| Total Long-Term Liabilities | $19.80M | $1.700M |
| YoY Change | 1064.71% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $42.30M | $19.30M |
| Total Long-Term Liabilities | $19.80M | $1.700M |
| Total Liabilities | $62.10M | $20.90M |
| YoY Change | 197.13% | 46.15% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $157.2M | $138.0M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $219.3M | $159.0M |
| YoY Change | 37.92% | 1.08% |
Cashflow Statement
| Concept | 2011 Q3 | 2010 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $1.250M | -$490.0K |
| YoY Change | -355.1% | -166.22% |
| Depreciation, Depletion And Amortization | $2.660M | $1.920M |
| YoY Change | 38.54% | -29.15% |
| Cash From Operating Activities | $4.890M | -$800.0K |
| YoY Change | -711.25% | -115.27% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$640.0K | -$800.0K |
| YoY Change | -20.0% | 56.86% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $2.500M | $2.630M |
| YoY Change | -4.94% | 130.7% |
| Cash From Investing Activities | $1.860M | $1.830M |
| YoY Change | 1.64% | 190.48% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 410.0K | -1.920M |
| YoY Change | -121.35% | 21.52% |
| NET CHANGE | ||
| Cash From Operating Activities | 4.890M | -800.0K |
| Cash From Investing Activities | 1.860M | 1.830M |
| Cash From Financing Activities | 410.0K | -1.920M |
| Net Change In Cash | 7.160M | -890.0K |
| YoY Change | -904.49% | -120.75% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $4.890M | -$800.0K |
| Capital Expenditures | -$640.0K | -$800.0K |
| Free Cash Flow | $5.530M | $0.00 |
| YoY Change | 950046765875199600.0% | -100.0% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| us-gaap |
Cost Of Services
CostOfServices
|
40909245 | ||
| us-gaap |
Cost Of Services
CostOfServices
|
60221049 | ||
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
17154129 | ||
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
2119479 | ||
| CY2010Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
704106 | |
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3755514 | ||
| CY2011Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1671719 | |
| CY2010Q3 | us-gaap |
Cost Of Services
CostOfServices
|
14604200 | |
| CY2011Q3 | us-gaap |
Cost Of Services
CostOfServices
|
21848208 | |
| CY2010Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
4193428 | |
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
12809459 | ||
| CY2010Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
4683639 | |
| CY2011Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
5860029 | |
| us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
12482042 | ||
| us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
16957961 | ||
| CY2011Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
4547584 | |
| CY2011Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
6131515 | |
| us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
10605457 | ||
| CY2010Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
3183374 | |
| us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
11175232 |
