2014 Q4 Form 10-Q Financial Statement

#000119312514401673 Filed on November 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $27.00M $25.68M $20.11M
YoY Change 23.68% 27.7% 29.75%
Cost Of Revenue $9.320M $9.145M $7.944M
YoY Change 15.06% 15.12% 22.5%
Gross Profit $17.68M $16.54M $12.17M
YoY Change 28.77% 35.91% 34.97%
Gross Profit Margin 65.48% 64.39% 60.5%
Selling, General & Admin $17.21M $17.87M $14.96M
YoY Change 7.7% 19.42% 26.44%
% of Gross Profit 97.34% 108.04% 122.95%
Research & Development $8.050M $7.824M $5.072M
YoY Change 42.23% 54.26% 40.65%
% of Gross Profit 45.53% 47.31% 41.68%
Depreciation & Amortization $2.510M $2.400M $2.080M
YoY Change 50.3% 15.38% 98.1%
% of Gross Profit 14.2% 14.51% 17.09%
Operating Expenses $25.57M $25.69M $20.03M
YoY Change 18.16% 28.24% 29.76%
Operating Profit -$7.890M -$9.153M -$7.865M
YoY Change -0.25% 16.38% 22.45%
Interest Expense -$20.00K -$30.00K -$80.00K
YoY Change -75.0% -62.5% -42.86%
% of Operating Profit
Other Income/Expense, Net -$390.0K $201.0K -$16.00K
YoY Change 457.14% -1356.25% -36.0%
Pretax Income -$8.290M -$8.985M -$7.963M
YoY Change 2.98% 12.83% 20.93%
Income Tax $540.0K $259.0K $230.0K
% Of Pretax Income
Net Earnings -$8.830M -$9.244M -$8.193M
YoY Change 9.55% 12.83% 23.24%
Net Earnings / Revenue -32.7% -35.99% -40.73%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.777M -$1.855M -$1.761M
COMMON SHARES
Basic Shares Outstanding 34.97M shares 34.81M shares 32.48M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $68.30M $75.80M $111.7M
YoY Change -34.58% -32.14% 557.06%
Cash & Equivalents $68.25M $75.76M $111.7M
Short-Term Investments
Other Short-Term Assets $4.800M $4.100M $3.500M
YoY Change 77.78% 17.14% 66.67%
Inventory
Prepaid Expenses
Receivables $18.73M $20.08M $13.89M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $91.73M $99.91M $129.1M
YoY Change -24.83% -22.6% 311.1%
LONG-TERM ASSETS
Property, Plant & Equipment $16.27M $13.82M $14.27M
YoY Change 12.88% -3.17% 67.88%
Goodwill $11.53M $11.68M
YoY Change
Intangibles $7.399M $7.884M
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.287M $1.013M $447.0K
YoY Change 37.35% 126.62% 11.75%
Total Long-Term Assets $36.49M $34.40M $14.72M
YoY Change 137.64% 133.71% 65.36%
TOTAL ASSETS
Total Short-Term Assets $91.73M $99.91M $129.1M
Total Long-Term Assets $36.49M $34.40M $14.72M
Total Assets $128.2M $134.3M $143.8M
YoY Change -6.67% -6.61% 256.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.737M $1.801M $1.148M
YoY Change 267.09% 56.88% -18.0%
Accrued Expenses $10.30M $11.30M $11.00M
YoY Change -1.9% 2.73% 41.03%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.587M $2.787M $3.373M
YoY Change -20.47% -17.37% -60.32%
Total Short-Term Liabilities $20.43M $20.89M $18.42M
YoY Change 14.85% 13.44% 1.76%
LONG-TERM LIABILITIES
Long-Term Debt $621.0K $1.151M $3.673M
YoY Change -79.03% -68.66% 144.87%
Other Long-Term Liabilities $1.050M $1.127M $1.338M
YoY Change -18.22% -15.77% -21.29%
Total Long-Term Liabilities $1.671M $2.278M $5.011M
YoY Change -60.65% -54.54% 56.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.43M $20.89M $18.42M
Total Long-Term Liabilities $1.671M $2.278M $5.011M
Total Liabilities $22.10M $23.17M $23.43M
YoY Change 0.3% -1.1% 10.0%
SHAREHOLDERS EQUITY
Retained Earnings -$146.4M -$137.5M -$105.1M
YoY Change 29.32% 30.82%
Common Stock $253.3M $35.00K $33.00K
YoY Change 767342.42% 6.06%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $106.1M $111.1M $120.4M
YoY Change
Total Liabilities & Shareholders Equity $128.2M $134.3M $143.8M
YoY Change -6.67% -6.61% 256.83%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income -$8.830M -$9.244M -$8.193M
YoY Change 9.55% 12.83% 23.24%
Depreciation, Depletion And Amortization $2.510M $2.400M $2.080M
YoY Change 50.3% 15.38% 98.1%
Cash From Operating Activities -$4.260M -$5.890M -$7.470M
YoY Change -19.62% -21.15% 35.82%
INVESTING ACTIVITIES
Capital Expenditures -$3.350M -$2.360M -$1.950M
YoY Change 85.08% 21.03% -14.47%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$3.350M -$2.360M -$1.950M
YoY Change 85.08% 21.03% -14.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 110.0K 80.00K 530.0K
YoY Change -161.11% -84.91% -191.38%
NET CHANGE
Cash From Operating Activities -4.260M -5.890M -7.470M
Cash From Investing Activities -3.350M -2.360M -1.950M
Cash From Financing Activities 110.0K 80.00K 530.0K
Net Change In Cash -7.500M -8.170M -8.890M
YoY Change 2.88% -8.1% 6.34%
FREE CASH FLOW
Cash From Operating Activities -$4.260M -$5.890M -$7.470M
Capital Expenditures -$3.350M -$2.360M -$1.950M
Free Cash Flow -$910.0K -$3.530M -$5.520M
YoY Change -73.93% -36.05% 71.43%

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Files In Submission

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