2018 Q1 Form 10-Q Financial Statement

#000143774918009009 Filed on May 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $129.2M $100.4M
YoY Change 28.68% 18.75%
Cost Of Revenue $57.66M $45.52M
YoY Change 26.66% 16.71%
Gross Profit $71.50M $54.84M
YoY Change 30.37% 20.51%
Gross Profit Margin 55.36% 54.64%
Selling, General & Admin $27.32M $22.09M
YoY Change 23.66% 24.34%
% of Gross Profit 38.21% 40.28%
Research & Development $21.61M $18.89M
YoY Change 14.37% 9.08%
% of Gross Profit 30.22% 34.45%
Depreciation & Amortization $2.755M $4.044M
YoY Change -31.87% 21.81%
% of Gross Profit 3.85% 7.37%
Operating Expenses $49.46M $41.27M
YoY Change 19.83% 17.47%
Operating Profit $22.04M $13.57M
YoY Change 62.39% 30.78%
Interest Expense $1.460M $1.264M
YoY Change 15.51% 158.49%
% of Operating Profit 6.63% 9.31%
Other Income/Expense, Net $440.0K $1.381M
YoY Change -68.14% 154.33%
Pretax Income $22.48M $14.95M
YoY Change 50.34% 36.93%
Income Tax $621.0K $474.0K
% Of Pretax Income 2.76% 3.17%
Net Earnings $21.86M $14.48M
YoY Change 50.97% 36.9%
Net Earnings / Revenue 16.92% 14.42%
Basic Earnings Per Share $0.52 $0.35
Diluted Earnings Per Share $0.49 $0.33
COMMON SHARES
Basic Shares Outstanding 41.92M 41.05M
Diluted Shares Outstanding 44.28M 43.27M

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $307.3M $278.6M
YoY Change 10.3% 10.78%
Cash & Equivalents $76.02M $76.83M
Short-Term Investments $231.2M $201.8M
Other Short-Term Assets $16.71M $11.05M
YoY Change 51.26% 280.86%
Inventory $111.9M $78.54M
Prepaid Expenses
Receivables $48.24M $38.12M
Other Receivables $2.800M $1.300M
Total Short-Term Assets $484.1M $406.3M
YoY Change 19.14% 17.59%
LONG-TERM ASSETS
Property, Plant & Equipment $153.8M $85.62M
YoY Change 79.6% 28.7%
Goodwill $6.571M $6.571M
YoY Change 0.0% 0.0%
Intangibles $701.0K $2.489M
YoY Change -71.84% -45.18%
Long-Term Investments $5.300M $5.300M
YoY Change 0.0% -1.85%
Other Assets $31.53M $29.81M
YoY Change 5.78% 66.58%
Total Long-Term Assets $213.7M $130.5M
YoY Change 63.77% 36.57%
TOTAL ASSETS
Total Short-Term Assets $484.1M $406.3M
Total Long-Term Assets $213.7M $130.5M
Total Assets $697.8M $536.8M
YoY Change 29.99% 20.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.51M $22.64M
YoY Change 21.53% 43.9%
Accrued Expenses $32.73M $22.92M
YoY Change 42.82% 14.36%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $73.30M $56.01M
YoY Change 30.88% 23.58%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $34.26M $25.56M
YoY Change 34.05% 53.14%
Total Long-Term Liabilities $34.26M $25.56M
YoY Change 34.05% 53.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $73.30M $56.01M
Total Long-Term Liabilities $34.26M $25.56M
Total Liabilities $139.5M $85.68M
YoY Change 62.78% 31.55%
SHAREHOLDERS EQUITY
Retained Earnings $152.3M $119.6M
YoY Change 27.29% 15.72%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $558.3M $451.1M
YoY Change
Total Liabilities & Shareholders Equity $697.8M $536.8M
YoY Change 29.99% 20.06%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $21.86M $14.48M
YoY Change 50.97% 36.9%
Depreciation, Depletion And Amortization $2.755M $4.044M
YoY Change -31.87% 21.81%
Cash From Operating Activities $16.29M $21.89M
YoY Change -25.58% -24.25%
INVESTING ACTIVITIES
Capital Expenditures $7.400M $3.424M
YoY Change 116.12% -35.95%
Acquisitions
YoY Change
Other Investing Activities -$17.80M -$47.80M
YoY Change -62.76% 56.72%
Cash From Investing Activities -$25.20M -$51.24M
YoY Change -50.82% 43.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.033M -6.986M
YoY Change -114.79% 12.68%
NET CHANGE
Cash From Operating Activities 16.29M 21.89M
Cash From Investing Activities -25.20M -51.24M
Cash From Financing Activities 1.033M -6.986M
Net Change In Cash -6.740M -35.88M
YoY Change -81.21% 173.87%
FREE CASH FLOW
Cash From Operating Activities $16.29M $21.89M
Capital Expenditures $7.400M $3.424M
Free Cash Flow $8.892M $18.47M
YoY Change -51.85% -21.59%

Facts In Submission

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