2016 Q3 Form 10-Q Financial Statement

#000143774916041014 Filed on November 03, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q4 2015 Q3
Revenue $106.5M $86.92M $91.19M
YoY Change 16.74% 14.82% 16.47%
Cost Of Revenue $48.53M $40.00M $41.75M
YoY Change 16.23% 15.28% 16.31%
Gross Profit $57.93M $46.92M $49.44M
YoY Change 17.16% 14.43% 16.33%
Gross Profit Margin 54.41% 53.98% 54.21%
Selling, General & Admin $22.40M $18.11M $18.72M
YoY Change 19.63% 7.78% 10.13%
% of Gross Profit 38.67% 38.59% 37.87%
Research & Development $20.47M $16.73M $17.27M
YoY Change 18.53% 12.31% 17.5%
% of Gross Profit 35.34% 35.67% 34.94%
Depreciation & Amortization $3.600M $3.300M $3.400M
YoY Change 5.88% -2.94% 0.0%
% of Gross Profit 6.21% 7.03% 6.88%
Operating Expenses $42.92M $35.12M $36.13M
YoY Change 18.8% 10.8% 13.97%
Operating Profit $15.00M $11.79M $13.31M
YoY Change 12.7% 26.81% 23.24%
Interest Expense $585.0K $600.0K $0.00
YoY Change 50.0% -100.0%
% of Operating Profit 3.9% 5.09% 0.0%
Other Income/Expense, Net $780.0K $550.0K -$6.000K
YoY Change -13100.0%
Pretax Income $15.78M $12.34M $13.30M
YoY Change 18.62% 28.57% 25.51%
Income Tax $1.408M $2.233M $2.103M
% Of Pretax Income 8.92% 18.09% 15.81%
Net Earnings $14.37M $10.11M $11.20M
YoY Change 28.32% 13.6% 0.01%
Net Earnings / Revenue 13.5% 11.63% 12.28%
Basic Earnings Per Share $0.35 $0.26 $0.28
Diluted Earnings Per Share $0.34 $0.24 $0.28
COMMON SHARES
Basic Shares Outstanding 40.59M 39.59M
Diluted Shares Outstanding 41.90M 41.45M 40.69M

Balance Sheet

Concept 2016 Q3 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $259.1M $235.0M $229.7M
YoY Change 12.8% -1.55% 0.44%
Cash & Equivalents $109.5M $90.86M $76.62M
Short-Term Investments $149.6M $144.1M $153.0M
Other Short-Term Assets $3.720M $2.926M $2.500M
YoY Change 48.8% 12.54% -10.71%
Inventory $70.69M $63.21M $67.30M
Prepaid Expenses
Receivables $33.34M $30.83M $30.50M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $366.8M $331.9M $330.0M
YoY Change 11.15% 7.8% 11.0%
LONG-TERM ASSETS
Property, Plant & Equipment $82.10M $65.36M $60.10M
YoY Change 36.6% 3.91% -5.21%
Goodwill $6.571M $6.571M
YoY Change
Intangibles $3.515M $5.053M
YoY Change
Long-Term Investments $5.400M $5.400M $5.400M
YoY Change 0.0% 0.0% -44.9%
Other Assets $29.84M $16.34M $12.50M
YoY Change 138.7% 68.46% 48.81%
Total Long-Term Assets $122.0M $93.32M $90.10M
YoY Change 35.43% 1.99% -5.56%
TOTAL ASSETS
Total Short-Term Assets $366.8M $331.9M $330.0M
Total Long-Term Assets $122.0M $93.32M $90.10M
Total Assets $494.9M $431.3M $420.1M
YoY Change 17.79% 7.98% 6.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.33M $13.49M $15.70M
YoY Change 10.39% 2.95% 6.08%
Accrued Expenses $21.87M $19.98M $20.40M
YoY Change 7.22% 45.87% 70.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $55.52M $43.28M $48.60M
YoY Change 14.23% 17.3% 31.71%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $19.45M $16.55M $14.10M
YoY Change 37.93% 62.21% 50.0%
Total Long-Term Liabilities $19.45M $16.55M $14.10M
YoY Change 37.93% 62.21% 50.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $55.52M $43.28M $48.60M
Total Long-Term Liabilities $19.45M $16.55M $14.10M
Total Liabilities $78.56M $62.77M $66.00M
YoY Change 19.03% 18.66% 29.41%
SHAREHOLDERS EQUITY
Retained Earnings $111.5M $101.3M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $416.3M $368.5M $354.1M
YoY Change
Total Liabilities & Shareholders Equity $494.9M $431.3M $420.1M
YoY Change 17.79% 7.98% 6.98%

Cashflow Statement

Concept 2016 Q3 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income $14.37M $10.11M $11.20M
YoY Change 28.32% 13.6% 0.01%
Depreciation, Depletion And Amortization $3.600M $3.300M $3.400M
YoY Change 5.88% -2.94% 0.0%
Cash From Operating Activities $32.90M $24.30M $22.10M
YoY Change 48.87% 18.54% 38.12%
INVESTING ACTIVITIES
Capital Expenditures -$10.30M -$7.600M -$1.700M
YoY Change 505.88% 322.22% 0.0%
Acquisitions
YoY Change
Other Investing Activities $11.10M $3.900M -$4.600M
YoY Change -341.3% -78.92% -41.77%
Cash From Investing Activities $700.0K -$3.700M -$6.400M
YoY Change -110.94% -122.16% -34.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.200M -6.300M -18.70M
YoY Change -66.84% -50.0% 53.28%
NET CHANGE
Cash From Operating Activities 32.90M 24.30M 22.10M
Cash From Investing Activities 700.0K -3.700M -6.400M
Cash From Financing Activities -6.200M -6.300M -18.70M
Net Change In Cash 27.40M 14.30M -3.000M
YoY Change -1013.33% -41.87% -49.15%
FREE CASH FLOW
Cash From Operating Activities $32.90M $24.30M $22.10M
Capital Expenditures -$10.30M -$7.600M -$1.700M
Free Cash Flow $43.20M $31.90M $23.80M
YoY Change 81.51% 43.05% 34.46%

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