2015 Q2 Form 10-Q Financial Statement

#000119312515290599 Filed on August 14, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $29.31M $27.66M
YoY Change 5.96% 5.82%
Cost Of Revenue $23.79M $22.55M
YoY Change 5.5% 6.56%
Gross Profit $5.515M $5.106M
YoY Change 8.01% 2.67%
Gross Profit Margin 18.82% 18.46%
Selling, General & Admin $4.896M $3.687M
YoY Change 32.79% -1.81%
% of Gross Profit 88.78% 72.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $80.00K $30.00K
YoY Change 166.67% -25.0%
% of Gross Profit 1.45% 0.59%
Operating Expenses $4.896M $3.687M
YoY Change 32.79% -1.81%
Operating Profit $619.0K $1.419M
YoY Change -56.38% 16.5%
Interest Expense -$36.00K -$23.00K
YoY Change 56.52%
% of Operating Profit -5.82% -1.62%
Other Income/Expense, Net $38.00K $37.00K
YoY Change 2.7% 8.82%
Pretax Income $621.0K $1.433M
YoY Change -56.66% 17.17%
Income Tax $239.0K $540.0K
% Of Pretax Income 38.49% 37.68%
Net Earnings $382.0K $893.0K
YoY Change -57.22% 13.18%
Net Earnings / Revenue 1.3% 3.23%
Basic Earnings Per Share $0.09 $0.21
Diluted Earnings Per Share $0.09 $0.20
COMMON SHARES
Basic Shares Outstanding 4.332M shares 4.317M shares
Diluted Shares Outstanding 4.436M shares 4.458M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $490.0K $1.250M
YoY Change -60.8% 101.61%
Cash & Equivalents $490.0K $1.249M
Short-Term Investments
Other Short-Term Assets $870.0K $1.160M
YoY Change -25.0% 13.73%
Inventory
Prepaid Expenses
Receivables $11.60M $11.40M
Other Receivables $0.00 $0.00
Total Short-Term Assets $18.42M $17.65M
YoY Change 4.38% -4.02%
LONG-TERM ASSETS
Property, Plant & Equipment $702.0K $267.0K
YoY Change 162.92% 14.59%
Goodwill $8.427M
YoY Change
Intangibles $8.533M
YoY Change
Long-Term Investments
YoY Change
Other Assets $550.0K $430.0K
YoY Change 27.91% 7.5%
Total Long-Term Assets $18.22M $697.0K
YoY Change 2513.49% -33.68%
TOTAL ASSETS
Total Short-Term Assets $18.42M $17.65M
Total Long-Term Assets $18.22M $697.0K
Total Assets $36.64M $18.35M
YoY Change 99.71% -5.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.766M $1.981M
YoY Change 39.63% -22.95%
Accrued Expenses $6.260M $4.730M
YoY Change 32.35% -3.86%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.800M $0.00
YoY Change -100.0%
Total Short-Term Liabilities $10.99M $6.825M
YoY Change 61.05% -38.3%
LONG-TERM LIABILITIES
Long-Term Debt $12.07M $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $12.07M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $10.99M $6.825M
Total Long-Term Liabilities $12.07M $0.00
Total Liabilities $23.06M $6.825M
YoY Change 237.93% -38.3%
SHAREHOLDERS EQUITY
Retained Earnings $4.601M $2.363M
YoY Change 94.71% 734.98%
Common Stock $13.13M $51.00K
YoY Change 25643.14% 30.77%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.116M $3.403M
YoY Change 20.95% 8.69%
Treasury Stock Shares 816.0K shares 752.3K shares
Shareholders Equity $13.57M $11.52M
YoY Change
Total Liabilities & Shareholders Equity $36.64M $18.35M
YoY Change 99.71% -5.63%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $382.0K $893.0K
YoY Change -57.22% 13.18%
Depreciation, Depletion And Amortization $80.00K $30.00K
YoY Change 166.67% -25.0%
Cash From Operating Activities $860.0K $2.450M
YoY Change -64.9% -414.1%
INVESTING ACTIVITIES
Capital Expenditures -$40.00K -$130.0K
YoY Change -69.23% 225.0%
Acquisitions
YoY Change
Other Investing Activities -$16.98M $0.00
YoY Change
Cash From Investing Activities -$17.03M -$140.0K
YoY Change 12064.29% 250.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 13.81M -1.570M
YoY Change -979.62% -293.83%
NET CHANGE
Cash From Operating Activities 860.0K 2.450M
Cash From Investing Activities -17.03M -140.0K
Cash From Financing Activities 13.81M -1.570M
Net Change In Cash -2.360M 740.0K
YoY Change -418.92% -7500.0%
FREE CASH FLOW
Cash From Operating Activities $860.0K $2.450M
Capital Expenditures -$40.00K -$130.0K
Free Cash Flow $900.0K $2.580M
YoY Change -65.12% -448.65%

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