2021 Q2 Form 10-Q Financial Statement

#000143774921018866 Filed on August 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $36.43M $31.17M
YoY Change 16.87% -0.79%
Cost Of Revenue $12.54M $11.63M
YoY Change 7.79% 1.04%
Gross Profit $23.89M $19.53M
YoY Change 22.32% -1.91%
Gross Profit Margin 65.58% 62.66%
Selling, General & Admin $10.02M $8.852M
YoY Change 13.15% 6.41%
% of Gross Profit 41.93% 45.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.638M $1.410M
YoY Change 16.17% -2.08%
% of Gross Profit 6.86% 7.22%
Operating Expenses $10.02M $8.852M
YoY Change 13.15% -58.37%
Operating Profit $12.24M $9.275M
YoY Change 31.96% -8.61%
Interest Expense $423.0K $450.0K
YoY Change -6.0% -15.57%
% of Operating Profit 3.46% 4.85%
Other Income/Expense, Net -$345.0K -$718.0K
YoY Change -51.95% 8.13%
Pretax Income $11.89M $8.557M
YoY Change 39.0% -9.78%
Income Tax $2.950M $842.0K
% Of Pretax Income 24.8% 9.84%
Net Earnings $8.944M $7.715M
YoY Change 15.93% 4.36%
Net Earnings / Revenue 24.55% 24.75%
Basic Earnings Per Share $0.35 $0.31
Diluted Earnings Per Share $0.35 $0.30
COMMON SHARES
Basic Shares Outstanding 25.43M 25.15M
Diluted Shares Outstanding 25.65M 25.68M

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $48.90M $12.00M
YoY Change 307.49% 200.0%
Cash & Equivalents $48.90M $11.96M
Short-Term Investments
Other Short-Term Assets $805.0K $1.763M
YoY Change -54.34% 293.53%
Inventory
Prepaid Expenses $3.575M $2.823M
Receivables $14.16M $19.88M
Other Receivables $153.0K $300.0K
Total Short-Term Assets $67.59M $36.70M
YoY Change 84.18% 60.33%
LONG-TERM ASSETS
Property, Plant & Equipment $11.53M $12.36M
YoY Change -6.72% -10.94%
Goodwill $61.64M $57.83M
YoY Change 6.59% -0.16%
Intangibles $1.937M $1.541M
YoY Change 25.7% -19.53%
Long-Term Investments
YoY Change
Other Assets $3.382M $2.465M
YoY Change 37.2% 26.41%
Total Long-Term Assets $84.26M $80.08M
YoY Change 5.21% -1.6%
TOTAL ASSETS
Total Short-Term Assets $67.59M $36.70M
Total Long-Term Assets $84.26M $80.08M
Total Assets $151.8M $116.8M
YoY Change 30.03% 11.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $338.0K $957.0K
YoY Change -64.68% -19.31%
Accrued Expenses $4.621M $2.925M
YoY Change 57.98% 3.98%
Deferred Revenue $16.85M $16.28M
YoY Change 3.52% -4.2%
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $4.168M $4.000M
YoY Change 4.2% -2.44%
Total Short-Term Liabilities $39.98M $32.27M
YoY Change 23.9% -12.97%
LONG-TERM LIABILITIES
Long-Term Debt $24.43M $28.63M
YoY Change -14.65% -10.93%
Other Long-Term Liabilities $3.662M $2.585M
YoY Change 41.66% 11.18%
Total Long-Term Liabilities $3.662M $31.21M
YoY Change -88.27% -9.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $39.98M $32.27M
Total Long-Term Liabilities $3.662M $31.21M
Total Liabilities $75.48M $71.21M
YoY Change 6.01% -9.07%
SHAREHOLDERS EQUITY
Retained Earnings -$49.30M -$79.17M
YoY Change -37.72% -20.99%
Common Stock $172.9M $167.8M
YoY Change 3.0% 5.74%
Preferred Stock
YoY Change
Treasury Stock (at cost) $44.94M $40.23M
YoY Change 11.71% 32.95%
Treasury Stock Shares $5.411M $5.318M
Shareholders Equity $76.37M $45.57M
YoY Change
Total Liabilities & Shareholders Equity $151.8M $116.8M
YoY Change 30.03% 11.99%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $8.944M $7.715M
YoY Change 15.93% 4.36%
Depreciation, Depletion And Amortization $1.638M $1.410M
YoY Change 16.17% -2.08%
Cash From Operating Activities $11.16M $8.380M
YoY Change 33.13% -4.88%
INVESTING ACTIVITIES
Capital Expenditures -$1.565M -$840.0K
YoY Change 86.31% -26.96%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$1.565M -$840.0K
YoY Change 86.31% -26.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.190M -6.020M
YoY Change -30.4% -7.38%
NET CHANGE
Cash From Operating Activities 11.16M 8.380M
Cash From Investing Activities -1.565M -840.0K
Cash From Financing Activities -4.190M -6.020M
Net Change In Cash 5.401M 1.520M
YoY Change 255.33% 31.03%
FREE CASH FLOW
Cash From Operating Activities $11.16M $8.380M
Capital Expenditures -$1.565M -$840.0K
Free Cash Flow $12.72M $9.220M
YoY Change 37.97% -7.43%

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65000 USD
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499000 USD

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