2020 Q4 Form 10-Q Financial Statement

#000143774920022995 Filed on November 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $105.9M $93.94M $78.01M
YoY Change 11.6% 20.42% -1.54%
Cost Of Revenue $79.60M $73.22M $54.16M
YoY Change 7.57% 35.19% -17.89%
Gross Profit $26.34M $20.72M $23.85M
YoY Change 25.99% -13.12% 22.64%
Gross Profit Margin 24.87% 22.06% 30.57%
Selling, General & Admin $9.100M $6.212M $6.609M
YoY Change 42.19% -6.01% 13.38%
% of Gross Profit 34.54% 29.98% 27.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $760.0K $738.0K $916.0K
YoY Change -12.64% -19.43% -10.81%
% of Gross Profit 2.88% 3.56% 3.84%
Operating Expenses $9.200M $6.212M $6.609M
YoY Change 41.54% -6.01% 13.38%
Operating Profit $17.14M $14.45M $17.24M
YoY Change 18.97% -16.16% 151.94%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $800.0K $812.0K $1.398M
YoY Change -38.46% -41.92% 17.58%
Pretax Income $17.90M $15.26M $18.64M
YoY Change 14.01% -18.09% 132.05%
Income Tax $4.000M $3.126M $3.924M
% Of Pretax Income 22.35% 20.48% 21.06%
Net Earnings $13.94M $12.14M $16.39M
YoY Change 18.91% -25.94% 52.1%
Net Earnings / Revenue 13.16% 12.92% 21.01%
Basic Earnings Per Share
Diluted Earnings Per Share $1.986M $1.729M $2.343M
COMMON SHARES
Basic Shares Outstanding 7.023M 7.021M 7.003M
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $155.0M $123.5M $144.0M
YoY Change -2.09% -14.21% -21.36%
Cash & Equivalents $86.04M $44.43M $59.17M
Short-Term Investments $69.00M $79.10M $84.78M
Other Short-Term Assets $10.20M $9.099M $5.485M
YoY Change 52.95% 65.89% -17.51%
Inventory $135.5M $136.1M $133.7M
Prepaid Expenses
Receivables $53.67M $63.16M $41.34M
Other Receivables $2.800M $2.800M $2.900M
Total Short-Term Assets $357.2M $334.8M $327.3M
YoY Change 5.74% 2.27% -1.9%
LONG-TERM ASSETS
Property, Plant & Equipment $37.11M $36.70M $39.74M
YoY Change -0.44% -7.64% -14.03%
Goodwill $15.32M $15.32M $15.82M
YoY Change 0.0% -3.2% 37.78%
Intangibles $2.838M $2.892M $2.988M
YoY Change -7.22% -3.21% 167.26%
Long-Term Investments
YoY Change
Other Assets $6.906M $9.035M $6.559M
YoY Change 44.42% 37.75% 65.38%
Total Long-Term Assets $75.93M $75.92M $76.94M
YoY Change 4.85% -1.33% 8.84%
TOTAL ASSETS
Total Short-Term Assets $357.2M $334.8M $327.3M
Total Long-Term Assets $75.93M $75.92M $76.94M
Total Assets $433.2M $410.7M $404.3M
YoY Change 5.59% 1.58% -0.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $33.47M $28.89M $23.40M
YoY Change 54.6% 23.47% -36.09%
Accrued Expenses $16.27M $14.95M $14.60M
YoY Change 22.1% 2.39% 5.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $55.09M $46.64M $45.30M
YoY Change 40.2% 2.96% -10.14%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $940.0K $1.166M $3.100M
YoY Change -62.39%
Total Long-Term Liabilities $940.0K $1.166M $3.100M
YoY Change -62.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $55.09M $46.64M $45.30M
Total Long-Term Liabilities $940.0K $1.166M $3.100M
Total Liabilities $58.82M $50.63M $48.40M
YoY Change 39.07% 4.61% 14.69%
SHAREHOLDERS EQUITY
Retained Earnings $367.6M $353.7M
YoY Change 1.32%
Common Stock $19.88M $19.57M
YoY Change 5.25%
Preferred Stock
YoY Change
Treasury Stock (at cost) $13.31M $13.44M
YoY Change -4.29%
Treasury Stock Shares $415.1K
Shareholders Equity $374.3M $360.0M $355.9M
YoY Change
Total Liabilities & Shareholders Equity $433.2M $410.7M $404.3M
YoY Change 5.59% 1.58% -0.02%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $13.94M $12.14M $16.39M
YoY Change 18.91% -25.94% 52.1%
Depreciation, Depletion And Amortization $760.0K $738.0K $916.0K
YoY Change -12.64% -19.43% -10.81%
Cash From Operating Activities $32.71M -$6.370M -$11.43M
YoY Change 148.75% -44.27% -245.42%
INVESTING ACTIVITIES
Capital Expenditures -$1.120M -$770.0K -$760.0K
YoY Change -194.12% 1.32% -65.61%
Acquisitions
YoY Change
Other Investing Activities $10.03M $19.20M $8.140M
YoY Change 65.24% 135.87% 10.45%
Cash From Investing Activities $8.900M $18.44M $7.390M
YoY Change 22.76% 149.53% 43.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 -220.0K
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities 32.71M -6.370M -11.43M
Cash From Investing Activities 8.900M 18.44M 7.390M
Cash From Financing Activities 0.000 0.000 -220.0K
Net Change In Cash 41.61M 12.07M -4.260M
YoY Change 103.97% -383.33% -132.72%
FREE CASH FLOW
Cash From Operating Activities $32.71M -$6.370M -$11.43M
Capital Expenditures -$1.120M -$770.0K -$760.0K
Free Cash Flow $33.83M -$5.600M -$10.67M
YoY Change 182.86% -47.52% -205.96%

Facts In Submission

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148406000 USD
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ProceedsFromLegalSettlementsInvestingActivities
2300000 USD
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0 USD
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2324000 USD
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CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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StockIssuedDuringPeriodValueOther
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StockholdersEquity
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94000 USD
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Assets
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Revenues
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Assets
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OperatingLeaseCost
183000 USD
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
178000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
544000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
514000 USD
CY2020Q3 npk Shortterm And Variable Lease Cost
ShorttermAndVariableLeaseCost
131000 USD
CY2019Q3 npk Shortterm And Variable Lease Cost
ShorttermAndVariableLeaseCost
64000 USD
npk Shortterm And Variable Lease Cost
ShorttermAndVariableLeaseCost
337000 USD
npk Shortterm And Variable Lease Cost
ShorttermAndVariableLeaseCost
145000 USD
CY2020Q3 us-gaap Lease Cost
LeaseCost
314000 USD
CY2019Q3 us-gaap Lease Cost
LeaseCost
242000 USD
us-gaap Lease Cost
LeaseCost
881000 USD
us-gaap Lease Cost
LeaseCost
659000 USD
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
314000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
881000 USD
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y1M6D
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.056 pure
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
177000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
716000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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719000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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574000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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472000 USD
CY2020Q3 npk Lessee Operating Lease Liability To Be Paid After Year Four
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1452000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
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4110000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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737000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
3373000 USD
CY2020Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
463000 USD
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OperatingLeaseLeaseIncomeLeasePayments
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CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
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CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
1839000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
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1832000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
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1832000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
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1832000 USD
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LessorOperatingLeasePaymentToBeReceivedAfterYearFour
14656000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received
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22454000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
148406000 USD
CY2020Q3 us-gaap Debt Securities Available For Sale Realized Gain Loss
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0 USD
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CY2019Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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119000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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173000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
43015000 USD
CY2019Q3 us-gaap Assets
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404272000 USD
us-gaap Depreciation Depletion And Amortization
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2815000 USD
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CY2020Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
78807000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
79098000 USD
CY2020Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
291000 USD
CY2020Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
78562000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
78733000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
176000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
5000 USD
CY2020Q3 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
23224000 USD
CY2019Q3 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
9823000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
41859000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue
7230000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue
3590000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities Rolling After Year Ten Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue
25263000 USD

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