2018 Q2 Form 10-Q Financial Statement

#000074621018000026 Filed on May 09, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2018 Q1 2017 Q1
Revenue $3.293M $3.474M $4.080M
YoY Change -14.6% -14.85% -26.06%
Cost Of Revenue $1.930M $2.150M $2.450M
YoY Change -14.6% -12.24% -29.19%
Gross Profit $1.360M $1.330M $1.630M
YoY Change -15.0% -18.4% -20.87%
Gross Profit Margin 41.3% 38.28% 39.95%
Selling, General & Admin $1.107M $1.075M $1.156M
YoY Change 8.32% -7.01% -23.95%
% of Gross Profit 81.4% 80.83% 70.92%
Research & Development $225.0K $250.0K $287.0K
YoY Change -22.95% -12.89% 0.0%
% of Gross Profit 16.54% 18.8% 17.61%
Depreciation & Amortization $190.0K $232.0K $459.0K
YoY Change -58.7% -49.46% -16.09%
% of Gross Profit 13.97% 17.44% 28.16%
Operating Expenses $1.332M $1.325M $1.443M
YoY Change 1.37% -8.18% -20.14%
Operating Profit -$1.679M -$880.0K -$270.0K
YoY Change 837.99% 225.93% -8.47%
Interest Expense -$10.00K -$410.0K -$370.0K
YoY Change -97.14% 10.81% -2.63%
% of Operating Profit
Other Income/Expense, Net -$10.00K -$405.0K -$371.0K
YoY Change -97.4% 9.16% -2.37%
Pretax Income -$1.689M -$1.285M -$641.0K
YoY Change 200.0% 100.47% -5.04%
Income Tax $0.00 $0.00 $27.00K
% Of Pretax Income
Net Earnings -$1.689M -$1.285M -$668.0K
YoY Change 186.27% 92.37% -6.18%
Net Earnings / Revenue -51.29% -36.99% -16.37%
Basic Earnings Per Share
Diluted Earnings Per Share -$356.5K -$279.2K -$185.1K
COMMON SHARES
Basic Shares Outstanding 46.48M shares 45.89M shares 36.53M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q2 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.700M $3.100M $1.100M
YoY Change 145.45% 181.82% -45.0%
Cash & Equivalents $2.678M $3.068M
Short-Term Investments
Other Short-Term Assets $500.0K $700.0K $1.000M
YoY Change -44.44% -30.0% 100.0%
Inventory
Prepaid Expenses
Receivables $1.473M $1.295M $1.642M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.698M $5.059M $3.788M
YoY Change 25.99% 33.55% -28.42%
LONG-TERM ASSETS
Property, Plant & Equipment $1.027M $1.007M $1.997M
YoY Change -42.08% -49.57% -26.98%
Goodwill $5.575M $7.100M $9.225M
YoY Change -39.57% -23.04% -6.11%
Intangibles $562.0K $594.0K $1.092M
YoY Change -35.77% -45.6% -44.31%
Long-Term Investments
YoY Change
Other Assets $8.000K $8.000K $10.00K
YoY Change -20.0% -20.0% -23.08%
Total Long-Term Assets $7.172M $8.709M $12.32M
YoY Change -39.64% -29.33% -15.21%
TOTAL ASSETS
Total Short-Term Assets $4.698M $5.059M $3.788M
Total Long-Term Assets $7.172M $8.709M $12.32M
Total Assets $11.87M $13.77M $16.11M
YoY Change -23.97% -14.55% -18.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $303.0K $309.0K $156.0K
YoY Change 172.97% 98.08% -63.12%
Accrued Expenses $447.0K $714.0K $1.222M
YoY Change -62.21% -41.57% -13.58%
Deferred Revenue $60.00K
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00 $0.00 $10.68M
YoY Change -100.0% -100.0% 2569.5%
Total Short-Term Liabilities $954.0K $1.270M $12.45M
YoY Change -92.3% -89.8% 325.5%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $954.0K $1.270M $12.45M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $954.0K $1.270M $12.70M
YoY Change -92.48% -90.0% -8.46%
SHAREHOLDERS EQUITY
Retained Earnings -$173.5M -$171.8M -$177.0M
YoY Change -2.29% -2.92% 2.01%
Common Stock $184.8M $184.7M $180.5M
YoY Change 2.32% 2.32% 0.54%
Preferred Stock
YoY Change
Treasury Stock (at cost) $404.0K $405.0K $231.0K
YoY Change 74.89% 75.32% 5.48%
Treasury Stock Shares 833.0K shares 833.0K shares 247.0K shares
Shareholders Equity $10.92M $12.50M $3.409M
YoY Change
Total Liabilities & Shareholders Equity $11.87M $13.77M $16.11M
YoY Change -23.97% -14.55% -18.73%

Cashflow Statement

Concept 2018 Q2 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income -$1.689M -$1.285M -$668.0K
YoY Change 186.27% 92.37% -6.18%
Depreciation, Depletion And Amortization $190.0K $232.0K $459.0K
YoY Change -58.7% -49.46% -16.09%
Cash From Operating Activities -$220.0K -$472.0K $18.00K
YoY Change -2300.0% -2722.22% -95.0%
INVESTING ACTIVITIES
Capital Expenditures -$170.0K $48.00K $36.00K
YoY Change 750.0% 33.33% -53.85%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$170.0K -$48.00K -$36.00K
YoY Change 750.0% 33.33% -53.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $53.00K $12.00K
YoY Change 341.67% -7.69%
Debt Paid & Issued, Net $1.832M $0.00
YoY Change
Cash From Financing Activities 0.000 -$358.0K -$12.00K
YoY Change 2883.33% -7.69%
NET CHANGE
Cash From Operating Activities -220.0K -$472.0K $18.00K
Cash From Investing Activities -170.0K -$48.00K -$36.00K
Cash From Financing Activities 0.000 -$358.0K -$12.00K
Net Change In Cash -390.0K -$878.0K -$30.00K
YoY Change 3800.0% 2826.67% -67.03%
FREE CASH FLOW
Cash From Operating Activities -$220.0K -$472.0K $18.00K
Capital Expenditures -$170.0K $48.00K $36.00K
Free Cash Flow -$50.00K -$520.0K -$18.00K
YoY Change -266.67% 2788.89% -106.38%

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CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1202000 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1192000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.99
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.99
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
1000 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
2.30
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
9000 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1202000 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1192000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.99
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.99
CY2018Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
1.61
CY2018Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0 USD
CY2018Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1527000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
12262000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
12498000 USD
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
651000 shares
CY2018Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
833000 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
352000 USD
CY2018Q1 us-gaap Treasury Stock Value
TreasuryStockValue
405000 USD
CY2018Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
53000 USD
CY2017Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
36181000 shares
CY2018Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
46232000 shares

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0000746210-18-000026.txt Edgar Link pending
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glow-20180331.xml Edgar Link completed
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