2014 Q3 Form 10-Q Financial Statement

#000119312514298965 Filed on August 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q2
Revenue $25.68M $23.85M $18.22M
YoY Change 27.7% 30.93% 29.83%
Cost Of Revenue $9.145M $8.763M $7.696M
YoY Change 15.12% 13.86% 28.5%
Gross Profit $16.54M $15.09M $10.52M
YoY Change 35.91% 43.41% 30.82%
Gross Profit Margin 64.39% 63.26% 57.76%
Selling, General & Admin $17.87M $17.35M $14.38M
YoY Change 19.42% 20.66% 36.42%
% of Gross Profit 108.04% 114.95% 136.63%
Research & Development $7.824M $6.627M $4.904M
YoY Change 54.26% 35.13% 59.32%
% of Gross Profit 47.31% 43.92% 46.61%
Depreciation & Amortization $2.400M $1.990M $1.370M
YoY Change 15.38% 45.26% 90.28%
% of Gross Profit 14.51% 13.19% 13.02%
Operating Expenses $25.69M $23.97M $19.28M
YoY Change 28.24% 24.34% 41.6%
Operating Profit -$9.153M -$8.883M -$8.758M
YoY Change 16.38% 1.43% 57.15%
Interest Expense -$30.00K -$60.00K -$110.0K
YoY Change -62.5% -45.45% 10.0%
% of Operating Profit
Other Income/Expense, Net $201.0K -$286.0K -$81.00K
YoY Change -1356.25% 253.09% -13.83%
Pretax Income -$8.985M -$9.231M -$8.948M
YoY Change 12.83% 3.16% 55.1%
Income Tax $259.0K $2.440M $149.0K
% Of Pretax Income
Net Earnings -$9.244M -$6.791M -$9.097M
YoY Change 12.83% -25.35% 56.2%
Net Earnings / Revenue -35.99% -28.47% -49.93%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.855M -$1.316M -$1.974M
COMMON SHARES
Basic Shares Outstanding 34.81M shares 33.32M shares 32.59M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $75.80M $83.90M $120.6M
YoY Change -32.14% -30.43%
Cash & Equivalents $75.76M $83.92M $120.6M
Short-Term Investments
Other Short-Term Assets $4.100M $3.600M $3.300M
YoY Change 17.14% 9.09%
Inventory
Prepaid Expenses
Receivables $20.08M $16.92M $12.35M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $99.91M $104.4M $136.3M
YoY Change -22.6% -23.36%
LONG-TERM ASSETS
Property, Plant & Equipment $13.82M $13.52M $13.43M
YoY Change -3.17% 0.69%
Goodwill $11.68M $11.59M
YoY Change
Intangibles $7.884M $8.368M
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.013M $838.0K $397.0K
YoY Change 126.62% 111.08%
Total Long-Term Assets $34.40M $34.32M $13.82M
YoY Change 133.71% 148.27%
TOTAL ASSETS
Total Short-Term Assets $99.91M $104.4M $136.3M
Total Long-Term Assets $34.40M $34.32M $13.82M
Total Assets $134.3M $138.8M $150.1M
YoY Change -6.61% -7.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.801M $2.176M $1.570M
YoY Change 56.88% 38.6%
Accrued Expenses $11.30M $10.00M $10.60M
YoY Change 2.73% -5.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.787M $2.929M $2.782M
YoY Change -17.37% 5.28%
Total Short-Term Liabilities $20.89M $18.32M $18.75M
YoY Change 13.44% -2.27%
LONG-TERM LIABILITIES
Long-Term Debt $1.151M $1.721M $3.066M
YoY Change -68.66% -43.87%
Other Long-Term Liabilities $1.127M $1.011M $1.496M
YoY Change -15.77% -32.42%
Total Long-Term Liabilities $2.278M $2.732M $4.562M
YoY Change -54.54% -40.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.89M $18.32M $18.75M
Total Long-Term Liabilities $2.278M $2.732M $4.562M
Total Liabilities $23.17M $21.05M $23.31M
YoY Change -1.1% -9.68%
SHAREHOLDERS EQUITY
Retained Earnings -$137.5M -$128.3M -$96.95M
YoY Change 30.82% 32.34%
Common Stock $35.00K $35.00K $32.00K
YoY Change 6.06% 9.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $111.1M $117.7M $126.8M
YoY Change
Total Liabilities & Shareholders Equity $134.3M $138.8M $150.1M
YoY Change -6.61% -7.55%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income -$9.244M -$6.791M -$9.097M
YoY Change 12.83% -25.35% 56.2%
Depreciation, Depletion And Amortization $2.400M $1.990M $1.370M
YoY Change 15.38% 45.26% 90.28%
Cash From Operating Activities -$5.890M -$6.930M -$4.440M
YoY Change -21.15% 56.08% -15.75%
INVESTING ACTIVITIES
Capital Expenditures -$2.360M -$1.350M -$2.860M
YoY Change 21.03% -52.8% 39.51%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$4.150M
YoY Change
Cash From Investing Activities -$2.360M -$5.500M -$2.860M
YoY Change 21.03% 92.31% 39.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 80.00K 350.0K 12.39M
YoY Change -84.91% -97.18% 117.75%
NET CHANGE
Cash From Operating Activities -5.890M -6.930M -4.440M
Cash From Investing Activities -2.360M -5.500M -2.860M
Cash From Financing Activities 80.00K 350.0K 12.39M
Net Change In Cash -8.170M -12.08M 5.090M
YoY Change -8.1% -337.33% -412.27%
FREE CASH FLOW
Cash From Operating Activities -$5.890M -$6.930M -$4.440M
Capital Expenditures -$2.360M -$1.350M -$2.860M
Free Cash Flow -$3.530M -$5.580M -$1.580M
YoY Change -36.05% 253.16% -50.93%

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