2022 Q1 Form 10-Q Financial Statement

#000091854122000079 Filed on May 06, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $128.1M $126.8M
YoY Change 1.0% 9.11%
Cost Of Revenue $104.6M $99.70M
YoY Change 4.89% 5.5%
Gross Profit $23.49M $27.10M
YoY Change -13.32% 24.88%
Gross Profit Margin 18.34% 21.37%
Selling, General & Admin $13.45M $14.58M
YoY Change -7.69% -9.81%
% of Gross Profit 57.28% 53.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.43M $11.57M
YoY Change -1.2% 1.86%
% of Gross Profit 48.66% 42.69%
Operating Expenses $13.45M $14.58M
YoY Change -7.69% -9.81%
Operating Profit -$3.420M $978.0K
YoY Change -449.69% -100.94%
Interest Expense $3.439M $2.024M
YoY Change 69.91% -46.83%
% of Operating Profit 206.95%
Other Income/Expense, Net $2.996M $122.0K
YoY Change 2355.74% -107.9%
Pretax Income -$3.863M -$7.064M
YoY Change -45.31% -93.53%
Income Tax $1.531M -$756.0K
% Of Pretax Income
Net Earnings -$3.302M -$4.913M
YoY Change -32.79% -98.02%
Net Earnings / Revenue -2.58% -3.87%
Basic Earnings Per Share -$0.13 -$0.46
Diluted Earnings Per Share -$0.13 -$0.46
COMMON SHARES
Basic Shares Outstanding 44.59M shares 42.67M shares
Diluted Shares Outstanding 44.59M shares 42.67M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.63M $43.00M
YoY Change -52.03% -45.71%
Cash & Equivalents $20.63M $43.03M
Short-Term Investments
Other Short-Term Assets $14.99M $12.43M
YoY Change 20.58% -34.85%
Inventory $81.24M $67.53M
Prepaid Expenses
Receivables $89.40M $90.55M
Other Receivables $11.05M $9.000M
Total Short-Term Assets $217.3M $222.5M
YoY Change -2.33% -38.7%
LONG-TERM ASSETS
Property, Plant & Equipment $255.1M $218.1M
YoY Change 16.97% -37.76%
Goodwill $0.00
YoY Change -100.0%
Intangibles
YoY Change
Long-Term Investments $32.18M $28.21M
YoY Change 14.07% 33.56%
Other Assets $5.863M $4.532M
YoY Change 29.37% -43.88%
Total Long-Term Assets $378.5M $399.8M
YoY Change -5.32% -58.45%
TOTAL ASSETS
Total Short-Term Assets $217.3M $222.5M
Total Long-Term Assets $378.5M $399.8M
Total Assets $595.8M $622.3M
YoY Change -4.25% -53.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $48.91M $43.23M
YoY Change 13.12% -27.7%
Accrued Expenses $25.66M $29.60M
YoY Change -13.32% -21.9%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.138M $4.844M
YoY Change -35.22% -75.86%
Total Short-Term Liabilities $91.83M $98.07M
YoY Change -6.36% -35.71%
LONG-TERM LIABILITIES
Long-Term Debt $150.4M $151.6M
YoY Change -0.76% -81.4%
Other Long-Term Liabilities $14.72M $25.98M
YoY Change -43.32% -19.79%
Total Long-Term Liabilities $165.1M $177.5M
YoY Change -6.99% -79.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $91.83M $98.07M
Total Long-Term Liabilities $165.1M $177.5M
Total Liabilities $316.5M $340.7M
YoY Change -7.11% -70.39%
SHAREHOLDERS EQUITY
Retained Earnings -$222.4M -$210.8M
YoY Change 5.51% -40.37%
Common Stock $439.0K $430.0K
YoY Change 2.09% 0.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $223.0M $234.8M
YoY Change
Total Liabilities & Shareholders Equity $595.8M $622.3M
YoY Change -4.25% -53.04%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$3.302M -$4.913M
YoY Change -32.79% -98.02%
Depreciation, Depletion And Amortization $11.43M $11.57M
YoY Change -1.2% 1.86%
Cash From Operating Activities -$5.223M $7.884M
YoY Change -166.25% -22.89%
INVESTING ACTIVITIES
Capital Expenditures $4.262M $5.468M
YoY Change -22.06% -51.44%
Acquisitions
YoY Change
Other Investing Activities $36.00K -$15.41M
YoY Change -100.23%
Cash From Investing Activities -$4.226M -$20.88M
YoY Change -79.76% 86.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $8.729M $70.72M
YoY Change -87.66% 1462.2%
Cash From Financing Activities -$1.516M $9.628M
YoY Change -115.75% -82.14%
NET CHANGE
Cash From Operating Activities -$5.223M $7.884M
Cash From Investing Activities -$4.226M -$20.88M
Cash From Financing Activities -$1.516M $9.628M
Net Change In Cash -$8.029M -$5.105M
YoY Change 57.28% -110.74%
FREE CASH FLOW
Cash From Operating Activities -$5.223M $7.884M
Capital Expenditures $4.262M $5.468M
Free Cash Flow -$9.485M $2.416M
YoY Change -492.59% -333.2%

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CY2021Q1 us-gaap Gain Loss On Derivative Instruments Net Pretax
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