2018 Q2 Form 10-Q Financial Statement

#000144181618000053 Filed on June 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $48.22M $32.39M
YoY Change 48.88% 50.65%
Cost Of Revenue $13.75M $9.199M
YoY Change 49.46% 33.32%
Gross Profit $36.39M $23.19M
YoY Change 56.91% 58.84%
Gross Profit Margin 75.46% 71.6%
Selling, General & Admin $44.42M $29.92M
YoY Change 48.5% 21.61%
% of Gross Profit 122.08% 129.0%
Research & Development $18.65M $13.08M
YoY Change 42.58% 8.98%
% of Gross Profit 51.24% 56.39%
Depreciation & Amortization $817.0K $897.0K
YoY Change -8.92% -5.58%
% of Gross Profit 2.25% 3.87%
Operating Expenses $63.07M $42.99M
YoY Change 46.7% 17.47%
Operating Profit -$26.68M -$19.80M
YoY Change 34.73% -9.99%
Interest Expense $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net -$368.0K $204.0K
YoY Change -280.39% -59.2%
Pretax Income -$26.09M -$19.46M
YoY Change 34.05% -9.48%
Income Tax $467.0K $200.0K
% Of Pretax Income
Net Earnings -$26.56M -$19.69M
YoY Change 34.87% -8.42%
Net Earnings / Revenue -55.07% -60.79%
Basic Earnings Per Share
Diluted Earnings Per Share -$527.8K -$1.303M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $271.0M $108.8M
YoY Change 149.07%
Cash & Equivalents $111.6M $44.19M
Short-Term Investments $159.4M $64.60M
Other Short-Term Assets $22.30M $13.40M
YoY Change 66.42%
Inventory
Prepaid Expenses
Receivables $32.48M $26.30M
Other Receivables $0.00 $0.00
Total Short-Term Assets $325.7M $148.5M
YoY Change 119.34%
LONG-TERM ASSETS
Property, Plant & Equipment $63.34M $5.100M
YoY Change 1141.86%
Goodwill $1.700M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.744M $6.800M
YoY Change 13.88%
Total Long-Term Assets $74.51M $15.80M
YoY Change 371.57%
TOTAL ASSETS
Total Short-Term Assets $325.7M $148.5M
Total Long-Term Assets $74.51M $15.80M
Total Assets $400.2M $164.3M
YoY Change 143.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.429M $4.100M
YoY Change -65.15%
Accrued Expenses $8.518M $15.00M
YoY Change -43.21%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $144.7M $101.5M
YoY Change 42.52%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $1.200M
YoY Change -100.0%
Other Long-Term Liabilities $59.74M $14.70M
YoY Change 306.39%
Total Long-Term Liabilities $59.74M $15.90M
YoY Change 275.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $144.7M $101.5M
Total Long-Term Liabilities $59.74M $15.90M
Total Liabilities $227.7M $117.5M
YoY Change 93.8%
SHAREHOLDERS EQUITY
Retained Earnings -$472.9M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.319M
YoY Change
Treasury Stock Shares 99.37K shares
Shareholders Equity $229.3M $46.80M
YoY Change
Total Liabilities & Shareholders Equity $400.2M $164.3M
YoY Change 143.6%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income -$26.56M -$19.69M
YoY Change 34.87% -8.42%
Depreciation, Depletion And Amortization $817.0K $897.0K
YoY Change -8.92% -5.58%
Cash From Operating Activities -$8.049M -$11.72M
YoY Change -31.33% 14.35%
INVESTING ACTIVITIES
Capital Expenditures $367.0K $712.0K
YoY Change -48.46% -608.57%
Acquisitions
YoY Change
Other Investing Activities $58.00M -$17.39M
YoY Change -433.53% 752.45%
Cash From Investing Activities $57.63M -$18.10M
YoY Change -418.38% 734.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $152.0K $4.000K
YoY Change 3700.0% -99.26%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $136.0K $4.646M
YoY Change -97.07% 760.37%
NET CHANGE
Cash From Operating Activities -$8.049M -$11.72M
Cash From Investing Activities $57.63M -$18.10M
Cash From Financing Activities $136.0K $4.646M
Net Change In Cash $49.71M -$25.11M
YoY Change -297.98% 111.36%
FREE CASH FLOW
Cash From Operating Activities -$8.049M -$11.72M
Capital Expenditures $367.0K $712.0K
Free Cash Flow -$8.416M -$12.43M
YoY Change -32.31% 22.98%

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CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
246227000 USD
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
353927000 USD
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
12637435 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
12472931 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.63
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.61
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
115122000 USD
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
184152000 USD
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
5540858 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
6236117 shares
CY2018Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
6.36
CY2018Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.00
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y8M19D
CY2018Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y5M9D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P6Y7M17D
CY2018Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P6Y6M4D
CY2018Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
40723 shares
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
193493000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
172507000 USD
CY2017Q2 us-gaap Technology Services Costs
TechnologyServicesCosts
2649000 USD
CY2018Q2 us-gaap Technology Services Costs
TechnologyServicesCosts
3679000 USD
CY2017Q2 us-gaap Technology Services Revenue
TechnologyServicesRevenue
3203000 USD
CY2018Q2 us-gaap Technology Services Revenue
TechnologyServicesRevenue
3657000 USD
CY2018 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
13.27
CY2018Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
13.27
CY2018Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
99371 shares
CY2018Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
99371 shares
CY2018Q1 us-gaap Treasury Stock Value
TreasuryStockValue
1319000 USD
CY2018Q2 us-gaap Treasury Stock Value
TreasuryStockValue
1319000 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4300000 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0 USD
CY2017Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
13164559 shares
CY2018Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
50350052 shares
CY2018Q2 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">The preparation of the interim unaudited condensed consolidated financial statements in conformity with U.S.&#160;GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Such estimates include, but are not limited to, revenue recognition, allowances for doubtful accounts, stock-based compensation, legal contingencies, fair value of acquired intangible assets and goodwill, useful lives of acquired intangible assets and property and equipment, fair value of property and equipment and accounting for income taxes. The Company bases these estimates on historical and anticipated results, trends and various other assumptions that it believes are reasonable under the circumstances, including assumptions as to future events. Actual results could differ from those estimates.</font></div></div>

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0001441816-18-000053.txt Edgar Link pending
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mdb-20180430_pre.xml Edgar Link unprocessable
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