2023 Q3 Form 10-Q Financial Statement

#000151316223000126 Filed on August 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $16.37M $16.28M
YoY Change -0.67% -0.95%
Cost Of Revenue $7.700M $8.080M
YoY Change 1.67% 4.98%
Gross Profit $8.670M $8.205M
YoY Change -2.66% -6.16%
Gross Profit Margin 52.96% 50.38%
Selling, General & Admin $2.373M $2.657M
YoY Change 4.79% 0.43%
% of Gross Profit 27.36% 32.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.010M $3.786M
YoY Change 11.89% 7.55%
% of Gross Profit 46.25% 46.15%
Operating Expenses $2.373M $2.657M
YoY Change 4.79% 0.43%
Operating Profit $2.346M $1.813M
YoY Change -24.86% -30.4%
Interest Expense $1.960M $1.556M
YoY Change 80.91% 195.6%
% of Operating Profit 83.53% 85.82%
Other Income/Expense, Net -$1.675M -$1.328M
YoY Change 183.51% 445.68%
Pretax Income $671.0K $485.3K
YoY Change -73.49% -79.45%
Income Tax $187.9K $135.9K
% Of Pretax Income 28.0% 28.0%
Net Earnings $483.2K $349.4K
YoY Change -73.49% -79.45%
Net Earnings / Revenue 2.95% 2.15%
Basic Earnings Per Share $0.09 $0.07
Diluted Earnings Per Share $0.09 $0.07
COMMON SHARES
Basic Shares Outstanding 5.127M shares 5.099M shares
Diluted Shares Outstanding 5.211M shares 5.178M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $600.0K $396.6K
YoY Change -75.64% -56.27%
Cash & Equivalents $573.2K $396.6K
Short-Term Investments
Other Short-Term Assets $2.600M $2.736M
YoY Change 21.36% 23.09%
Inventory $39.24M $39.84M
Prepaid Expenses
Receivables $4.092M $4.285M
Other Receivables $0.00 $0.00
Total Short-Term Assets $46.46M $47.26M
YoY Change 82.44% 192.18%
LONG-TERM ASSETS
Property, Plant & Equipment $139.7M $124.3M
YoY Change 49.54% 48.01%
Goodwill $49.90M $49.90M
YoY Change 0.0% 0.0%
Intangibles $15.00M $15.52M
YoY Change -10.98% -10.49%
Long-Term Investments $8.400M $8.388M
YoY Change -23.08% -21.28%
Other Assets $889.7K $701.5K
YoY Change 105.59% 63.51%
Total Long-Term Assets $217.2M $202.1M
YoY Change 23.99% 22.3%
TOTAL ASSETS
Total Short-Term Assets $46.46M $47.26M
Total Long-Term Assets $217.2M $202.1M
Total Assets $263.6M $249.3M
YoY Change 31.41% 37.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.87M $15.32M
YoY Change 317.15% 466.15%
Accrued Expenses $3.600M $3.532M
YoY Change -11.68% 14.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $21.01M $20.40M
YoY Change 144.69% 245.46%
LONG-TERM LIABILITIES
Long-Term Debt $111.8M $98.59M
YoY Change 65.31% 86.18%
Other Long-Term Liabilities $24.02M $24.00M
YoY Change 1344.64% 1290.34%
Total Long-Term Liabilities $135.8M $122.6M
YoY Change 100.82% 131.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.01M $20.40M
Total Long-Term Liabilities $135.8M $122.6M
Total Liabilities $156.8M $143.0M
YoY Change 105.76% 142.94%
SHAREHOLDERS EQUITY
Retained Earnings $96.74M $96.19M
YoY Change 5.5% 6.25%
Common Stock $8.544M $8.544M
YoY Change 0.83% 0.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $106.8M $106.3M
YoY Change
Total Liabilities & Shareholders Equity $263.6M $249.3M
YoY Change 31.41% 37.45%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $483.2K $349.4K
YoY Change -73.49% -79.45%
Depreciation, Depletion And Amortization $4.010M $3.786M
YoY Change 11.89% 7.55%
Cash From Operating Activities $4.850M $2.777M
YoY Change -33.74% -44.75%
INVESTING ACTIVITIES
Capital Expenditures $18.31M $9.810M
YoY Change -247.71% -266.4%
Acquisitions
YoY Change
Other Investing Activities $30.00K -$9.588M
YoY Change -100.39% 255.36%
Cash From Investing Activities -$18.28M -$19.40M
YoY Change -8.9% 125.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 13.61M 16.19M
YoY Change -4.83% 350.1%
NET CHANGE
Cash From Operating Activities 4.850M 2.777M
Cash From Investing Activities -18.28M -19.40M
Cash From Financing Activities 13.61M 16.19M
Net Change In Cash 180.0K -433.8K
YoY Change -88.43% -1606.39%
FREE CASH FLOW
Cash From Operating Activities $4.850M $2.777M
Capital Expenditures $18.31M $9.810M
Free Cash Flow -$13.46M -$7.033M
YoY Change -168.27% -164.4%

Facts In Submission

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FiniteLivedIntangibleAssetsGross
51066365 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
35546010 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
51066365 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
34703173 usd
CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
15520355 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
16363192 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
842837 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
967169 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
817458 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1623654 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1618732 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1613809 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
906667 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
906667 usd
CY2022Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
130000000 usd
CY2022Q3 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
50000000 usd
CY2022Q3 us-gaap Line Of Credit
LineOfCredit
50000000 usd
us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
4058513 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
200000 shares
nuvr Employee Incentive Plan Percentage Of Compensation In Lieu Of Cash
EmployeeIncentivePlanPercentageOfCompensationInLieuOfCash
0.50 pure
nuvr Management Incentive Plan Percentage Of Compensation In Lieu Of Cash
ManagementIncentivePlanPercentageOfCompensationInLieuOfCash
0.50 pure
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
149747 shares
CY2023Q2 nuvr Capital Budget
CapitalBudget
49300000 usd
nuvr Number Of Grants
NumberOfGrants
4 pure
CY2023Q2 us-gaap Grants Receivable
GrantsReceivable
8594688 usd
nuvr Project Cost
ProjectCost
18139749 usd
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
17.18
CY2022 nuvr Share Based Compensation Arrangement By Share Based Payments Award Options Exercises In Period Vesting Date
ShareBasedCompensationArrangementByShareBasedPaymentsAwardOptionsExercisesInPeriodVestingDate
2022-12-31
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
14.7
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
21.2
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
14.7
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
21.2
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.02957 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.01515 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P10Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P10Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.207 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.181 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0283 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0244 pure
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
usd
CY2023Q2 nuvr Other Dividend Income
OtherDividendIncome
usd
CY2022Q2 nuvr Other Dividend Income
OtherDividendIncome
usd
CY2023Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
usd
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
usd
CY2023Q2 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
usd
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
usd
us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
usd
nuvr Proceeds From Grants Received For Construction Of Plan
ProceedsFromGrantsReceivedForConstructionOfPlan
usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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
2023
dei Entity Central Index Key
EntityCentralIndexKey
0000071557

Files In Submission

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FilingSummary.xml Edgar Link unprocessable
nuvr-20230630_cal.xml Edgar Link unprocessable
0001513162-23-000126-index-headers.html Edgar Link pending
0001513162-23-000126-index.html Edgar Link pending
0001513162-23-000126.txt Edgar Link pending
0001513162-23-000126-xbrl.zip Edgar Link pending
exhibit31_1.htm Edgar Link pending
exhibit31_2.htm Edgar Link pending
exhibit32_1.htm Edgar Link pending
exhibit32_2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
nuvr-20230630.htm Edgar Link pending
nuvr-20230630.xsd Edgar Link pending
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nuvr-20230630_def.xml Edgar Link unprocessable
nuvr-20230630_lab.xml Edgar Link unprocessable
nuvr-20230630_pre.xml Edgar Link unprocessable
nuvr-20230630_htm.xml Edgar Link completed
R5.htm Edgar Link pending
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report.css Edgar Link pending
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