$MHH
Mastech Digital Inc

2018 Q4 Form 10-Q Financial Statement

#000119312518323390 Filed on November 09, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $44.65M $44.29M $39.23M
YoY Change 10.32% 12.91% 14.49%
Cost Of Revenue $33.98M $33.58M $30.41M
YoY Change 9.83% 10.43% 11.12%
Gross Profit $10.67M $10.71M $8.818M
YoY Change 11.97% 21.46% 27.85%
Gross Profit Margin 23.89% 24.18% 22.48%
Selling, General & Admin $7.791M $7.530M $8.603M
YoY Change 22.89% -12.47% 62.23%
% of Gross Profit 73.05% 70.31% 97.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $842.0K $830.0K $670.0K
YoY Change 10.79% 23.88% 157.69%
% of Gross Profit 7.89% 7.75% 7.6%
Operating Expenses $8.441M $8.204M $8.603M
YoY Change 19.73% -4.64% 62.23%
Operating Profit $2.224M $2.506M $215.0K
YoY Change -10.14% 1065.58% -86.51%
Interest Expense -$548.0K -$535.0K -$439.0K
YoY Change 14.17% 21.87% 278.45%
% of Operating Profit -24.64% -21.35% -204.19%
Other Income/Expense, Net -$117.0K $108.0K -$11.00K
YoY Change 1070.0% -1081.82% 175.0%
Pretax Income $1.559M $2.079M -$235.0K
YoY Change -21.66% -984.68% -115.94%
Income Tax $434.0K $459.0K -$99.00K
% Of Pretax Income 27.84% 22.08%
Net Earnings $874.0K $1.620M -$136.0K
YoY Change 1.04% -1291.18% -114.72%
Net Earnings / Revenue 1.96% 3.66% -0.35%
Basic Earnings Per Share $0.08 $0.15 -$0.01
Diluted Earnings Per Share $0.08 $0.14 -$0.01
COMMON SHARES
Basic Shares Outstanding 10.98M shares 10.97M 10.68M shares
Diluted Shares Outstanding 11.22M 10.73M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.294M $2.190M $3.160M
YoY Change -47.82% -30.7% 327.03%
Cash & Equivalents $1.294M $2.188M $3.162M
Short-Term Investments
Other Short-Term Assets $1.321M $1.610M $1.900M
YoY Change -13.66% -15.26% 88.12%
Inventory
Prepaid Expenses
Receivables $28.91M $24.21M $23.69M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $40.70M $41.97M $35.23M
YoY Change 17.37% 19.14% 34.81%
LONG-TERM ASSETS
Property, Plant & Equipment $2.208M $2.141M $1.428M
YoY Change 16.27% 49.93% 147.92%
Goodwill $26.11M $28.11M $35.77M
YoY Change -27.17% -21.43% 324.49%
Intangibles $22.74M $23.41M $26.16M
YoY Change -10.71% -10.5% 248.02%
Long-Term Investments
YoY Change
Other Assets $837.0K $520.0K $390.0K
YoY Change 16.25% 33.33% 18.18%
Total Long-Term Assets $51.89M $54.18M $63.75M
YoY Change -18.84% -15.01% 278.46%
TOTAL ASSETS
Total Short-Term Assets $40.70M $41.97M $35.23M
Total Long-Term Assets $51.89M $54.18M $63.75M
Total Assets $92.58M $96.15M $98.97M
YoY Change -6.11% -2.86% 130.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.127M $2.724M $3.239M
YoY Change -17.92% -15.9% 56.25%
Accrued Expenses $8.946M $9.670M $9.020M
YoY Change -16.0% 7.21% 39.41%
Deferred Revenue
YoY Change
Short-Term Debt $4.575M $0.00 $0.00
YoY Change
Long-Term Debt Due $4.575M $4.575M $3.813M
YoY Change 14.29% 19.98% 111.83%
Total Short-Term Liabilities $17.91M $17.09M $16.14M
YoY Change -10.96% 5.85% 52.34%
LONG-TERM LIABILITIES
Long-Term Debt $34.13M $37.72M $39.60M
YoY Change -0.06% -4.75% 177.66%
Other Long-Term Liabilities $6.273M $8.090M $17.13M
YoY Change -63.51% -52.77%
Total Long-Term Liabilities $34.13M $37.72M $39.60M
YoY Change -0.06% -4.75% 177.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.91M $17.09M $16.14M
Total Long-Term Liabilities $34.13M $37.72M $39.60M
Total Liabilities $58.31M $62.98M $72.87M
YoY Change -18.39% -13.58% 193.13%
SHAREHOLDERS EQUITY
Retained Earnings $17.61M $16.74M $10.06M
YoY Change 61.26% 66.43% 16.18%
Common Stock $20.96M $20.82M $20.27M
YoY Change 2.89% 2.7% 48.87%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.174M $4.174M $4.142M
YoY Change 0.48% 0.77% 0.31%
Treasury Stock Shares $1.644M 1.644M shares 819.7K shares
Shareholders Equity $34.28M $33.17M $26.11M
YoY Change
Total Liabilities & Shareholders Equity $92.58M $96.15M $98.97M
YoY Change -6.11% -2.86% 130.31%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $874.0K $1.620M -$136.0K
YoY Change 1.04% -1291.18% -114.72%
Depreciation, Depletion And Amortization $842.0K $830.0K $670.0K
YoY Change 10.79% 23.88% 157.69%
Cash From Operating Activities $2.799M -$2.700M -$2.100M
YoY Change -43.57% 28.57% -14.98%
INVESTING ACTIVITIES
Capital Expenditures -$231.0K -$100.0K -$500.0K
YoY Change 0.43% -80.0% 2400.0%
Acquisitions
YoY Change
Other Investing Activities -$25.00K -$150.0K -$34.65M
YoY Change -82.14% -99.57%
Cash From Investing Activities -$256.0K -$250.0K -$35.16M
YoY Change -28.89% -99.29% 117100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.610M 4.610M 39.80M
YoY Change -31.76% -88.42% 1492.0%
NET CHANGE
Cash From Operating Activities 2.799M -2.700M -2.100M
Cash From Investing Activities -256.0K -250.0K -35.16M
Cash From Financing Activities -3.610M 4.610M 39.80M
Net Change In Cash -1.067M 1.660M 2.540M
YoY Change 54.64% -34.65% 272730423296000600.0%
FREE CASH FLOW
Cash From Operating Activities $2.799M -$2.700M -$2.100M
Capital Expenditures -$231.0K -$100.0K -$500.0K
Free Cash Flow $3.030M -$2.600M -$1.600M
YoY Change -41.62% 62.5% -34.69%

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