2011 Q2 Form 10-Q Financial Statement
#000119312511200970 Filed on July 28, 2011
Income Statement
| Concept | 2011 Q2 | 2010 Q2 |
|---|---|---|
| Revenue | $18.09M | $18.20M |
| YoY Change | -0.58% | 62.5% |
| Cost Of Revenue | $6.700M | $5.500M |
| YoY Change | 21.82% | 41.03% |
| Gross Profit | $11.44M | $12.70M |
| YoY Change | -9.96% | 73.97% |
| Gross Profit Margin | 63.2% | 69.78% |
| Selling, General & Admin | $4.500M | $4.200M |
| YoY Change | 7.14% | 100.0% |
| % of Gross Profit | 39.35% | 33.07% |
| Research & Development | $12.70M | $6.900M |
| YoY Change | 84.06% | 38.0% |
| % of Gross Profit | 111.06% | 54.33% |
| Depreciation & Amortization | $700.0K | $500.0K |
| YoY Change | 40.0% | |
| % of Gross Profit | 6.12% | 3.94% |
| Operating Expenses | $17.10M | $11.10M |
| YoY Change | 54.05% | 56.34% |
| Operating Profit | -$5.665M | $1.600M |
| YoY Change | -454.06% | 700.0% |
| Interest Expense | $100.0K | $100.0K |
| YoY Change | 0.0% | |
| % of Operating Profit | 6.25% | |
| Other Income/Expense, Net | $0.00 | $0.00 |
| YoY Change | ||
| Pretax Income | -$5.600M | $1.700M |
| YoY Change | -429.41% | 750.0% |
| Income Tax | -$800.0K | -$100.0K |
| % Of Pretax Income | -5.88% | |
| Net Earnings | -$4.796M | $1.800M |
| YoY Change | -366.44% | 800.0% |
| Net Earnings / Revenue | -26.51% | 9.89% |
| Basic Earnings Per Share | -$0.15 | $0.06 |
| Diluted Earnings Per Share | -$0.15 | $0.05 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 32.44M | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2011 Q2 | 2010 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $91.10M | $92.00M |
| YoY Change | -0.98% | |
| Cash & Equivalents | $21.90M | $17.80M |
| Short-Term Investments | $69.20M | $74.20M |
| Other Short-Term Assets | $4.300M | $1.400M |
| YoY Change | 207.14% | |
| Inventory | $6.700M | $4.200M |
| Prepaid Expenses | ||
| Receivables | $8.300M | $8.400M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $110.4M | $106.0M |
| YoY Change | 4.15% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $5.200M | $3.600M |
| YoY Change | 44.44% | |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $5.800M | $200.0K |
| YoY Change | 2800.0% | |
| Total Long-Term Assets | $11.70M | $4.600M |
| YoY Change | 154.35% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $110.4M | $106.0M |
| Total Long-Term Assets | $11.70M | $4.600M |
| Total Assets | $122.1M | $110.6M |
| YoY Change | 10.4% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $6.600M | $5.900M |
| YoY Change | 11.86% | |
| Accrued Expenses | $6.800M | $3.400M |
| YoY Change | 100.0% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $100.0K | $100.0K |
| YoY Change | 0.0% | |
| Total Short-Term Liabilities | $17.30M | $16.60M |
| YoY Change | 4.22% | |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $100.0K |
| YoY Change | -100.0% | |
| Other Long-Term Liabilities | $1.300M | $200.0K |
| YoY Change | 550.0% | |
| Total Long-Term Liabilities | $1.300M | $300.0K |
| YoY Change | 333.33% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $17.30M | $16.60M |
| Total Long-Term Liabilities | $1.300M | $300.0K |
| Total Liabilities | $18.70M | $16.90M |
| YoY Change | 10.65% | |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $103.5M | $93.70M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $122.1M | $110.6M |
| YoY Change | 10.4% |
Cashflow Statement
| Concept | 2011 Q2 | 2010 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$4.796M | $1.800M |
| YoY Change | -366.44% | 800.0% |
| Depreciation, Depletion And Amortization | $700.0K | $500.0K |
| YoY Change | 40.0% | |
| Cash From Operating Activities | -$400.0K | -$1.400M |
| YoY Change | -71.43% | |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$1.000M | -$700.0K |
| YoY Change | 42.86% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$10.80M | -$48.90M |
| YoY Change | -77.91% | |
| Cash From Investing Activities | -$11.90M | -$49.60M |
| YoY Change | -76.01% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 1.000M | 0.000 |
| YoY Change | ||
| NET CHANGE | ||
| Cash From Operating Activities | -400.0K | -1.400M |
| Cash From Investing Activities | -11.90M | -49.60M |
| Cash From Financing Activities | 1.000M | 0.000 |
| Net Change In Cash | -11.30M | -51.00M |
| YoY Change | -77.84% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$400.0K | -$1.400M |
| Capital Expenditures | -$1.000M | -$700.0K |
| Free Cash Flow | $600.0K | -$700.0K |
| YoY Change | -185.71% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2011Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
32442000 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.09 | ||
| CY2010Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.06 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.18 | ||
| CY2011Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.15 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.08 | ||
| CY2010Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.05 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.18 | ||
| CY2011Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.15 |
