2018 Q4 Form 10-Q Financial Statement

#000162828018013958 Filed on November 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $97.37M $88.83M $89.30M
YoY Change 10.29% -0.53% 4.52%
Cost Of Revenue $25.54M $23.16M $23.51M
YoY Change 3.79% -1.46% 9.26%
Gross Profit $71.84M $65.67M $65.80M
YoY Change 12.81% -0.2% 2.92%
Gross Profit Margin 73.77% 73.93% 73.68%
Selling, General & Admin $41.09M $31.64M $32.93M
YoY Change 18.98% -3.9% 12.81%
% of Gross Profit 57.2% 48.19% 50.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.500M $2.300M $2.450M
YoY Change -3.47% -6.12% 102.48%
% of Gross Profit 3.48% 3.5% 3.72%
Operating Expenses $41.09M $31.64M $32.93M
YoY Change 18.98% -3.9% 12.81%
Operating Profit -$1.229M $3.513M $2.154M
YoY Change -56.74% 63.09% -57.41%
Interest Expense -$2.200M
YoY Change
% of Operating Profit
Other Income/Expense, Net -$731.0K -$353.0K $193.0K
YoY Change 887.84% -282.9% 865.0%
Pretax Income -$1.960M $3.160M $2.347M
YoY Change -32.76% 34.64% -53.78%
Income Tax $852.0K $1.821M -$1.000K
% Of Pretax Income 57.63% -0.04%
Net Earnings -$2.812M $1.497M $2.443M
YoY Change -84.03% -38.72% -38.03%
Net Earnings / Revenue -2.89% 1.69% 2.74%
Basic Earnings Per Share -$0.15 $0.08 $0.13
Diluted Earnings Per Share -$0.15 $0.08 $0.13
COMMON SHARES
Basic Shares Outstanding 19.20M shares 19.16M shares 18.90M shares
Diluted Shares Outstanding 19.38M shares 19.29M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $50.60M $47.90M $47.70M
YoY Change 17.95% 0.42% 13.03%
Cash & Equivalents $50.64M $47.86M $47.69M
Short-Term Investments $0.00
Other Short-Term Assets $6.400M $6.000M $6.300M
YoY Change -4.48% -4.76% -46.61%
Inventory $42.05M $43.04M $49.44M
Prepaid Expenses
Receivables $7.751M $8.106M $10.93M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $106.8M $105.0M $114.3M
YoY Change 4.21% -8.16% 3.73%
LONG-TERM ASSETS
Property, Plant & Equipment $64.06M $65.53M $70.18M
YoY Change -7.3% -6.62% -3.77%
Goodwill
YoY Change
Intangibles $618.0K $740.0K $984.0K
YoY Change -12.83% -24.8% 100.82%
Long-Term Investments $1.300M $1.600M $1.900M
YoY Change -35.0% -15.79% 35.71%
Other Assets $11.15M $11.09M $13.44M
YoY Change -11.58% -17.49% 7.76%
Total Long-Term Assets $86.19M $86.54M $107.9M
YoY Change -7.01% -19.79% 3.06%
TOTAL ASSETS
Total Short-Term Assets $106.8M $105.0M $114.3M
Total Long-Term Assets $86.19M $86.54M $107.9M
Total Assets $193.0M $191.5M $222.2M
YoY Change -1.12% -13.81% 3.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.219M $4.240M $4.850M
YoY Change 23.82% -12.58% -31.8%
Accrued Expenses $34.80M $32.80M $25.04M
YoY Change 39.32% 30.99% 5.79%
Deferred Revenue $1.197M $2.014M
YoY Change -64.25%
Short-Term Debt $1.500M $1.500M $19.70M
YoY Change 200.0% -92.39%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $66.69M $60.96M $58.66M
YoY Change 24.28% 3.92% -6.35%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $1.800M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $705.0K $688.0K $1.196M
YoY Change -43.24% -42.47% -49.75%
Total Long-Term Liabilities $705.0K $688.0K $1.196M
YoY Change -43.24% -42.47% -49.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $66.69M $60.96M $58.66M
Total Long-Term Liabilities $705.0K $688.0K $1.196M
Total Liabilities $72.45M $68.04M $85.89M
YoY Change -4.0% -20.78% 18.49%
SHAREHOLDERS EQUITY
Retained Earnings -$2.072M $844.0K $15.29M
YoY Change 0.0% -94.48% -28.06%
Common Stock $133.7M $133.1M $131.1M
YoY Change 1.64% 1.47% 1.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $120.5M $123.5M $135.7M
YoY Change
Total Liabilities & Shareholders Equity $193.0M $191.5M $222.2M
YoY Change -1.12% -13.81% 3.4%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income -$2.812M $1.497M $2.443M
YoY Change -84.03% -38.72% -38.03%
Depreciation, Depletion And Amortization $2.500M $2.300M $2.450M
YoY Change -3.47% -6.12% 102.48%
Cash From Operating Activities $7.620M $4.770M $8.720M
YoY Change 207.26% -45.3% -722.86%
INVESTING ACTIVITIES
Capital Expenditures -$870.0K -$1.290M -$760.0K
YoY Change -45.96% 69.74% -77.25%
Acquisitions
YoY Change
Other Investing Activities -$20.00K $2.510M $0.00
YoY Change
Cash From Investing Activities -$900.0K $1.220M -$750.0K
YoY Change -44.1% -262.67% -77.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.930M -4.730M 7.680M
YoY Change -67.01% -161.59% 134.15%
NET CHANGE
Cash From Operating Activities 7.620M 4.770M 8.720M
Cash From Investing Activities -900.0K 1.220M -750.0K
Cash From Financing Activities -1.930M -4.730M 7.680M
Net Change In Cash 4.790M 1.260M 15.65M
YoY Change -196.18% -91.95% -1171.92%
FREE CASH FLOW
Cash From Operating Activities $7.620M $4.770M $8.720M
Capital Expenditures -$870.0K -$1.290M -$760.0K
Free Cash Flow $8.490M $6.060M $9.480M
YoY Change 107.58% -36.08% 388.66%

Facts In Submission

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CY2018Q3 us-gaap Inventory Net
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CY2017Q4 us-gaap Inventory Raw Materials Net Of Reserves
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CY2018Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
10625000 USD
CY2017Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2153000 USD
CY2018Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1937000 USD
CY2017Q4 us-gaap Liabilities
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75463000 USD
CY2018Q3 us-gaap Liabilities
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68041000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
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195195000 USD
CY2018Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
191527000 USD
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53657000 USD
CY2018Q3 us-gaap Liabilities Current
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60960000 USD
CY2017Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
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4633000 USD
CY2018Q3 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
2192000 USD
CY2017Q4 us-gaap Long Term Debt
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13181000 USD
CY2018Q3 us-gaap Long Term Debt
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1836000 USD
CY2017Q4 us-gaap Minority Interest
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400000 USD
CY2017Q4 us-gaap Minority Interest
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CY2018Q3 us-gaap Minority Interest
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4416000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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1497000 USD
us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
-600000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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2062000 USD
CY2017Q4 us-gaap Notes Payable Related Parties Classified Current
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506000 USD
CY2018Q3 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
1523000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
us-gaap Minority Interest Period Increase Decrease
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-500000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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7423000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-10259000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1591000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1113000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8036000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
14205000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
2443000 USD
us-gaap Net Income Loss
NetIncomeLoss
4416000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
1497000 USD
us-gaap Net Income Loss
NetIncomeLoss
2062000 USD
CY2017Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-95000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-625000 USD
CY2018Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-158000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-452000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2443000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
2154000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
4228000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
3513000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
6580000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
12608000 USD
CY2018Q3 us-gaap Other Assets Noncurrent
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11086000 USD
CY2017Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
113000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
473000 USD
CY2018Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
12000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-254000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-254000 USD
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
15000 USD
CY2018Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1242000 USD
CY2018Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
688000 USD
CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
193000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1909000 USD
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-353000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1420000 USD
us-gaap Payments For Purchase Of Securities Operating Activities
PaymentsForPurchaseOfSecuritiesOperatingActivities
450000 USD
us-gaap Payments For Purchase Of Securities Operating Activities
PaymentsForPurchaseOfSecuritiesOperatingActivities
128000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
1848000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
521000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
578000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3889000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3959000 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5666000 USD
CY2018Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5978000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
19184000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
45508000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
500000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
1000000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-9996000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
0 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
1776000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
522000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5072000 USD
us-gaap Proceeds From Sale Of Securities Operating Activities
ProceedsFromSaleOfSecuritiesOperatingActivities
102000 USD
us-gaap Proceeds From Sale Of Securities Operating Activities
ProceedsFromSaleOfSecuritiesOperatingActivities
610000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
104000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
664000 USD
CY2017Q3 us-gaap Profit Loss
ProfitLoss
2348000 USD
us-gaap Profit Loss
ProfitLoss
3791000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
1339000 USD
us-gaap Profit Loss
ProfitLoss
1610000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
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69106000 USD
CY2018Q3 us-gaap Property Plant And Equipment Net
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65531000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-22000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
155000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
56853000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2072000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
844000 USD
CY2017Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
89301000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
253743000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
88828000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
267436000 USD
CY2017Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
32926000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
95098000 USD
CY2018Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
31643000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
97339000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1904000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1458000 USD
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
1458000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
119732000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
123486000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest Adjusted Balance1
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
120586000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4600000 USD
CY2018Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2200000 USD
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19286000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19265000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19382000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19406000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18897000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18873000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19164000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19094000 shares

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