2022 Q3 Form 10-Q Financial Statement

#000151316222000106 Filed on August 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $16.48M $16.44M $16.47M
YoY Change 0.59% -0.28% -0.02%
Cost Of Revenue $7.574M $7.697M $7.384M
YoY Change 4.57% 5.31% -1.64%
Gross Profit $8.907M $8.744M $9.091M
YoY Change -2.57% -4.74% 1.33%
Gross Profit Margin 54.05% 53.18% 55.18%
Selling, General & Admin $2.264M $2.645M $2.661M
YoY Change -9.79% 3.55% -0.09%
% of Gross Profit 25.42% 30.26% 29.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.584M $3.520M $3.523M
YoY Change 12.02% 11.8% 13.79%
% of Gross Profit 40.24% 40.26% 38.75%
Operating Expenses $2.264M $2.645M $6.160M
YoY Change -60.17% 3.55% 7.4%
Operating Profit $3.122M $2.605M $2.931M
YoY Change -9.69% -25.56% -9.41%
Interest Expense $1.083M $526.4K $280.1K
YoY Change -326.3% -0.27% 63.29%
% of Operating Profit 34.69% 20.21% 9.55%
Other Income/Expense, Net -$590.8K -$243.3K $124.3K
YoY Change -522.5% -42.09% 88.19%
Pretax Income $2.531M $2.362M $3.336M
YoY Change -18.82% -23.3% -47.77%
Income Tax $708.8K $661.3K $934.0K
% Of Pretax Income 28.0% 28.0% 28.0%
Net Earnings $1.823M $1.700M $2.402M
YoY Change -18.82% -30.39% -53.64%
Net Earnings / Revenue 11.06% 10.34% 14.58%
Basic Earnings Per Share $0.36 $0.33 $0.47
Diluted Earnings Per Share $0.36 $0.33 $468.6K
COMMON SHARES
Basic Shares Outstanding 5.085M shares 5.078M shares 5.112M shares
Diluted Shares Outstanding 5.115M shares 5.097M shares 5.125M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.463M $906.9K $878.1K
YoY Change -48.11% -81.46% -91.06%
Cash & Equivalents $2.463M $906.9K $878.1K
Short-Term Investments
Other Short-Term Assets $2.142M $2.223M $2.096M
YoY Change 18.48% 15.99% -14.62%
Inventory $17.66M $10.26M $7.327M
Prepaid Expenses
Receivables $3.195M $2.784M $2.535M
Other Receivables $0.00 $0.00 $471.7K
Total Short-Term Assets $25.46M $16.17M $13.31M
YoY Change 72.85% -2.88% -25.88%
LONG-TERM ASSETS
Property, Plant & Equipment $93.42M $83.95M $81.67M
YoY Change 23.14% 15.21% 14.85%
Goodwill $49.90M $49.90M
YoY Change
Intangibles $16.85M $17.34M
YoY Change
Long-Term Investments $10.92M $10.66M $10.53M
YoY Change 6.57% 5.44% 4.97%
Other Assets $432.8K $429.0K $1.354M
YoY Change 6.42% 9.11% 272.1%
Total Long-Term Assets $175.2M $165.2M $161.3M
YoY Change 12.59% 7.81% 5.96%
TOTAL ASSETS
Total Short-Term Assets $25.46M $16.17M $13.31M
Total Long-Term Assets $175.2M $165.2M $161.3M
Total Assets $200.6M $181.4M $174.6M
YoY Change 17.8% 6.76% 2.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.805M $2.706M $2.435M
YoY Change 86.69% 70.85% 37.36%
Accrued Expenses $4.076M $3.080M $3.212M
YoY Change 27.15% -0.41% -13.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.509M
YoY Change -0.06%
Total Short-Term Liabilities $8.588M $5.904M $10.22M
YoY Change -13.11% -37.05% -5.04%
LONG-TERM LIABILITIES
Long-Term Debt $67.63M $52.96M $44.32M
YoY Change 55.84% 18.07% -2.98%
Other Long-Term Liabilities $1.663M $1.726M $1.508M
YoY Change -47.72% -50.61% -56.8%
Total Long-Term Liabilities $67.63M $52.96M $45.83M
YoY Change 45.2% 9.53% -6.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.588M $5.904M $10.22M
Total Long-Term Liabilities $67.63M $52.96M $45.83M
Total Liabilities $76.22M $58.86M $76.05M
YoY Change 3.29% -21.52% -1.49%
SHAREHOLDERS EQUITY
Retained Earnings $91.70M $90.53M
YoY Change
Common Stock $8.474M $8.474M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $102.1M $100.4M $98.55M
YoY Change
Total Liabilities & Shareholders Equity $200.6M $181.4M $174.6M
YoY Change 17.8% 6.76% 2.6%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $1.823M $1.700M $2.402M
YoY Change -18.82% -30.39% -53.64%
Depreciation, Depletion And Amortization $3.584M $3.520M $3.523M
YoY Change 12.02% 11.8% 13.79%
Cash From Operating Activities $7.320M $5.026M $7.561M
YoY Change 39.7% 84.98% 47.39%
INVESTING ACTIVITIES
Capital Expenditures -$12.40M -$5.895M -$4.117M
YoY Change 96.97% 54.09% 136.54%
Acquisitions
YoY Change
Other Investing Activities -$7.670M -$2.698M -$1.944M
YoY Change -340.1% 23.78% 450.57%
Cash From Investing Activities -$20.07M -$8.594M -$6.061M
YoY Change 547.53% 43.09% 189.51%
FINANCING ACTIVITIES
Cash Dividend Paid $708.4K
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.153M
YoY Change
Cash From Financing Activities 14.30M 3.596M -2.928M
YoY Change -725.37% -318.66% 60.1%
NET CHANGE
Cash From Operating Activities 7.320M 5.026M 7.561M
Cash From Investing Activities -20.07M -8.594M -6.061M
Cash From Financing Activities 14.30M 3.596M -2.928M
Net Change In Cash 1.556M 28.80K -1.428M
YoY Change -1168.96% -100.58% -218.26%
FREE CASH FLOW
Cash From Operating Activities $7.320M $5.026M $7.561M
Capital Expenditures -$12.40M -$5.895M -$4.117M
Free Cash Flow $19.72M $10.92M $11.68M
YoY Change 70.95% 66.92% 69.97%

Facts In Submission

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92717 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
180006 usd
CY2021Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
84153 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
176030 usd
CY2022Q2 us-gaap Goodwill
Goodwill
49903029 usd
CY2021Q4 us-gaap Goodwill
Goodwill
49903029 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
51066365 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
33726967 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
51066365 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
32750798 usd
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
17339398 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
18315567 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
967169 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1661885 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
976207 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1660295 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1623654 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1618732 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1613809 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
906667 usd
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
usd
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Entity Central Index Key
EntityCentralIndexKey
0000071557
CY2022Q2 us-gaap Guaranty Liabilities
GuarantyLiabilities
196205 usd
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
21.9
CY2021 nuvr Share Based Compensation Arrangement By Share Based Payments Award Option Issued In Period Vesting Date
ShareBasedCompensationArrangementByShareBasedPaymentsAwardOptionIssuedInPeriodVestingDate
2023-12-31
CY2021Q4 us-gaap Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
usd
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
usd
CY2021Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
usd
CY2022Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
usd
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
usd

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