2021 Q1 Form 10-Q Financial Statement

#000119312521154024 Filed on May 07, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $49.78M $50.43M
YoY Change -1.29% 11.56%
Cost Of Revenue $36.97M $37.71M
YoY Change -1.95% 9.73%
Gross Profit $12.80M $12.72M
YoY Change 0.67% 17.39%
Gross Profit Margin 25.72% 25.22%
Selling, General & Admin $10.14M $10.24M
YoY Change -0.99% 14.26%
% of Gross Profit 79.21% 80.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $997.0K $873.0K
YoY Change 14.2% 4.05%
% of Gross Profit 7.79% 6.86%
Operating Expenses $10.94M $10.24M
YoY Change 6.76% 14.26%
Operating Profit $1.869M $2.476M
YoY Change -24.52% 32.41%
Interest Expense -$232.0K -$279.0K
YoY Change -16.85% -48.24%
% of Operating Profit -12.41% -11.27%
Other Income/Expense, Net $53.00K
YoY Change -453.33%
Pretax Income $1.637M $2.250M
YoY Change -27.24% 70.97%
Income Tax $443.0K $381.0K
% Of Pretax Income 27.06% 16.93%
Net Earnings $1.194M $1.869M
YoY Change -36.12% 93.88%
Net Earnings / Revenue 2.4% 3.71%
Basic Earnings Per Share $0.10 $0.17
Diluted Earnings Per Share $0.10 $0.16
COMMON SHARES
Basic Shares Outstanding 11.42M 11.13M
Diluted Shares Outstanding 11.68M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.242M $2.575M
YoY Change 181.24% 66.34%
Cash & Equivalents $7.242M $2.575M
Short-Term Investments
Other Short-Term Assets $1.238M $1.036M
YoY Change 19.5% -11.53%
Inventory
Prepaid Expenses
Receivables $36.21M $21.12M
Other Receivables $0.00 $0.00
Total Short-Term Assets $44.69M $37.21M
YoY Change 20.1% -11.09%
LONG-TERM ASSETS
Property, Plant & Equipment $5.094M $2.393M
YoY Change 112.87% -2.13%
Goodwill $26.11M
YoY Change 0.0%
Intangibles $19.38M
YoY Change -12.19%
Long-Term Investments
YoY Change
Other Assets $1.263M $388.0K
YoY Change 225.52% -57.96%
Total Long-Term Assets $60.00M $52.61M
YoY Change 14.05% -7.48%
TOTAL ASSETS
Total Short-Term Assets $44.69M $37.21M
Total Long-Term Assets $60.00M $52.61M
Total Assets $104.7M $89.82M
YoY Change 16.56% -9.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.915M $3.440M
YoY Change 13.81% -12.49%
Accrued Expenses $15.10M $11.53M
YoY Change 31.04% 9.48%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $4.400M $8.537M
YoY Change -48.46% 86.6%
Total Short-Term Liabilities $23.82M $23.59M
YoY Change 1.0% -7.28%
LONG-TERM LIABILITIES
Long-Term Debt $11.80M $13.36M
YoY Change -11.7% -60.32%
Other Long-Term Liabilities $7.615M $3.204M
YoY Change 137.67% -23.07%
Total Long-Term Liabilities $19.41M $13.36M
YoY Change 45.31% -60.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.82M $23.59M
Total Long-Term Liabilities $19.41M $13.36M
Total Liabilities $43.23M $40.99M
YoY Change 5.46% -35.21%
SHAREHOLDERS EQUITY
Retained Earnings $30.63M
YoY Change 64.86%
Common Stock $23.08M
YoY Change 8.9%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.187M
YoY Change 0.31%
Treasury Stock Shares $1.646M
Shareholders Equity $61.46M $48.83M
YoY Change
Total Liabilities & Shareholders Equity $104.7M $89.82M
YoY Change 16.56% -9.01%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $1.194M $1.869M
YoY Change -36.12% 93.88%
Depreciation, Depletion And Amortization $997.0K $873.0K
YoY Change 14.2% 4.05%
Cash From Operating Activities $774.0K $2.795M
YoY Change -72.31% 147.78%
INVESTING ACTIVITIES
Capital Expenditures -$128.0K $119.0K
YoY Change -207.56% -70.54%
Acquisitions
YoY Change
Other Investing Activities -$63.00K $17.00K
YoY Change -470.59% 88.89%
Cash From Investing Activities -$191.0K -$102.0K
YoY Change 87.25% -74.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -999.0K -2.832M
YoY Change -64.72% 480.33%
NET CHANGE
Cash From Operating Activities 774.0K 2.795M
Cash From Investing Activities -191.0K -102.0K
Cash From Financing Activities -999.0K -2.832M
Net Change In Cash -416.0K -406.0K
YoY Change 2.46% -259.84%
FREE CASH FLOW
Cash From Operating Activities $774.0K $2.795M
Capital Expenditures -$128.0K $119.0K
Free Cash Flow $902.0K $2.676M
YoY Change -66.29% 269.61%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2021Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2021Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
PA

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