2014 Q3 Form 10-Q Financial Statement

#000114420414047772 Filed on August 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q2
Revenue $8.214M $8.259M $3.531M
YoY Change 71.05% 133.9% -50.29%
Cost Of Revenue $4.027M $5.102M $1.632M
YoY Change 76.93% 212.62% -68.11%
Gross Profit $4.187M $3.157M $1.899M
YoY Change 65.76% 66.25% -4.33%
Gross Profit Margin 50.97% 38.22% 53.78%
Selling, General & Admin $4.800M $5.800M $4.000M
YoY Change 23.08% 45.0% 60.0%
% of Gross Profit 114.64% 183.72% 210.64%
Research & Development $19.22M $15.20M $10.79M
YoY Change 37.79% 40.96% 100.8%
% of Gross Profit 459.02% 481.53% 567.93%
Depreciation & Amortization $1.000M $1.000M $600.0K
YoY Change 66.67% 66.67% 50.0%
% of Gross Profit 23.88% 31.68% 31.6%
Operating Expenses $19.22M $15.20M $10.79M
YoY Change 37.79% 40.96% 100.8%
Operating Profit -$19.79M -$17.85M -$12.90M
YoY Change 29.52% 38.4% 120.29%
Interest Expense $47.00K $51.00K $45.00K
YoY Change -26.56% 13.33% 1400.0%
% of Operating Profit
Other Income/Expense, Net -$19.00K $18.00K
YoY Change 90.0%
Pretax Income -$19.73M -$17.86M -$12.63M
YoY Change 28.93% 41.46% 113.31%
Income Tax $0.00 $5.000K
% Of Pretax Income
Net Earnings -$19.73M -$17.86M -$12.63M
YoY Change 28.93% 41.41% 113.4%
Net Earnings / Revenue -240.16% -216.3% -357.77%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.655M -$1.642M -$1.658M
COMMON SHARES
Basic Shares Outstanding 238.4M shares 209.3M shares 152.5M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $178.1M $152.5M $40.60M
YoY Change 21.65% 275.62% 53.21%
Cash & Equivalents $34.47M $103.9M $2.574M
Short-Term Investments $143.6M $149.7M $38.00M
Other Short-Term Assets $402.0K $269.0K $20.00K
YoY Change 10.14% 1245.0% -92.34%
Inventory
Prepaid Expenses $6.395M $5.116M $2.024M
Receivables $2.859M $3.719M $907.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $192.0M $166.6M $45.37M
YoY Change 23.84% 267.25% 29.7%
LONG-TERM ASSETS
Property, Plant & Equipment $17.49M $15.12M $13.32M
YoY Change 25.22% 13.54% 71.8%
Goodwill $56.17M $57.91M $33.14M
YoY Change -4.4% 74.73% 0.0%
Intangibles $13.76M $15.09M
YoY Change -16.1%
Long-Term Investments $12.20M $56.40M $0.00
YoY Change
Other Assets $159.0K $159.0K $335.0K
YoY Change -3.05% -52.54% -4.29%
Total Long-Term Assets $100.5M $145.4M $47.55M
YoY Change 11.64% 205.74% 13.22%
TOTAL ASSETS
Total Short-Term Assets $192.0M $166.6M $45.37M
Total Long-Term Assets $100.5M $145.4M $47.55M
Total Assets $292.5M $312.0M $92.92M
YoY Change 19.36% 235.77% 20.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.975M $4.495M $2.946M
YoY Change -10.9% 52.58% -12.84%
Accrued Expenses $13.71M $11.00M $7.223M
YoY Change 43.54% 52.26% 28.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $900.0K $900.0K $600.0K
YoY Change 28.57% 50.0%
Total Short-Term Liabilities $18.64M $17.48M $11.26M
YoY Change 30.68% 55.29% 19.47%
LONG-TERM LIABILITIES
Long-Term Debt $700.0K $900.0K $1.900M
YoY Change -63.16% -52.63% 375.0%
Other Long-Term Liabilities $1.399M $1.507M $10.60M
YoY Change -11.34% -85.78% 73.77%
Total Long-Term Liabilities $1.399M $1.507M $12.50M
YoY Change -11.34% -87.94% 92.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.64M $17.48M $11.26M
Total Long-Term Liabilities $1.399M $1.507M $12.50M
Total Liabilities $30.86M $30.26M $23.69M
YoY Change 8.29% 27.72% 49.03%
SHAREHOLDERS EQUITY
Retained Earnings -$461.5M -$441.8M -$380.8M
YoY Change 16.53% 16.03% 11.05%
Common Stock $2.389M $2.386M $1.532M
YoY Change 14.31% 55.74% 15.54%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.450M $2.450M $2.450M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 455.4K shares 455.4K shares 455.4K shares
Shareholders Equity $261.7M $281.7M $69.23M
YoY Change
Total Liabilities & Shareholders Equity $292.5M $312.0M $92.92M
YoY Change 19.36% 235.77% 20.71%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income -$19.73M -$17.86M -$12.63M
YoY Change 28.93% 41.41% 113.4%
Depreciation, Depletion And Amortization $1.000M $1.000M $600.0K
YoY Change 66.67% 66.67% 50.0%
Cash From Operating Activities -$15.80M -$11.00M -$7.600M
YoY Change 6.04% 44.74% 24.59%
INVESTING ACTIVITIES
Capital Expenditures -$3.100M -$900.0K -$1.700M
YoY Change 93.75% -47.06% 466.67%
Acquisitions
YoY Change
Other Investing Activities -$51.10M -$101.8M -$1.600M
YoY Change -400.59% 6262.5% -61.9%
Cash From Investing Activities -$54.10M -$102.8M -$3.200M
YoY Change -451.3% 3112.5% -28.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 500.0K 107.7M 4.400M
YoY Change -99.58% 2347.73% -63.64%
NET CHANGE
Cash From Operating Activities -15.80M -11.00M -7.600M
Cash From Investing Activities -54.10M -102.8M -3.200M
Cash From Financing Activities 500.0K 107.7M 4.400M
Net Change In Cash -69.40M -6.100M -6.400M
YoY Change -157.93% -4.69% -526.67%
FREE CASH FLOW
Cash From Operating Activities -$15.80M -$11.00M -$7.600M
Capital Expenditures -$3.100M -$900.0K -$1.700M
Free Cash Flow -$12.70M -$10.10M -$5.900M
YoY Change -4.51% 71.19% 1.72%

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dei Entity Registrant Name
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