2019 Q1 Form 10-Q Financial Statement

#000007404619000013 Filed on March 11, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $69.88M $68.89M
YoY Change 1.43% 5.71%
Cost Of Revenue $54.48M $49.24M
YoY Change 10.64% 6.92%
Gross Profit $15.40M $19.66M
YoY Change -21.64% 2.78%
Gross Profit Margin 22.04% 28.53%
Selling, General & Admin $12.58M $14.47M
YoY Change -13.11% 6.91%
% of Gross Profit 81.65% 73.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.230M $3.220M
YoY Change 0.31% -0.31%
% of Gross Profit 20.97% 16.38%
Operating Expenses $12.58M $14.47M
YoY Change -13.11% 6.91%
Operating Profit $2.827M $5.183M
YoY Change -45.46% -7.23%
Interest Expense -$100.0K -$130.0K
YoY Change -23.08% -43.48%
% of Operating Profit -3.54% -2.51%
Other Income/Expense, Net -$39.00K -$112.0K
YoY Change -65.18% -67.35%
Pretax Income $2.788M $5.071M
YoY Change -45.02% -3.3%
Income Tax $506.0K $6.167M
% Of Pretax Income 18.15% 121.61%
Net Earnings $2.287M -$1.096M
YoY Change -308.67% -125.79%
Net Earnings / Revenue 3.27% -1.59%
Basic Earnings Per Share
Diluted Earnings Per Share $0.30 -$0.15
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding 7.229M shares 7.139M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.900M $31.30M
YoY Change -68.37% 25.7%
Cash & Equivalents $9.375M $9.381M
Short-Term Investments $500.0K $21.90M
Other Short-Term Assets $6.000M $8.000M
YoY Change -25.0% -36.51%
Inventory $28.12M $22.60M
Prepaid Expenses $1.924M $4.140M
Receivables $38.30M $32.30M
Other Receivables $0.00 $0.00
Total Short-Term Assets $82.30M $94.15M
YoY Change -12.59% 1.48%
LONG-TERM ASSETS
Property, Plant & Equipment $86.19M $84.29M
YoY Change 2.26% 3.42%
Goodwill $9.262M $9.034M
YoY Change 2.52% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.204M $4.937M
YoY Change 5.41% -20.27%
Total Long-Term Assets $24.64M $27.09M
YoY Change -9.04% -16.12%
TOTAL ASSETS
Total Short-Term Assets $82.30M $94.15M
Total Long-Term Assets $24.64M $27.09M
Total Assets $193.1M $205.5M
YoY Change -6.03% -0.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.900M $8.100M
YoY Change -2.47% 10.96%
Accrued Expenses $5.302M $950.0K
YoY Change 458.11% -44.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.100M $3.100M
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $31.09M $33.33M
YoY Change -6.73% 13.0%
LONG-TERM LIABILITIES
Long-Term Debt $3.000M $6.100M
YoY Change -50.82% -32.97%
Other Long-Term Liabilities $4.108M $4.174M
YoY Change -1.58% 18.65%
Total Long-Term Liabilities $29.28M $45.94M
YoY Change -36.25% -18.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $31.09M $33.33M
Total Long-Term Liabilities $29.28M $45.94M
Total Liabilities $60.37M $79.27M
YoY Change -23.84% -7.9%
SHAREHOLDERS EQUITY
Retained Earnings $158.8M $153.6M
YoY Change 3.4% 0.22%
Common Stock $39.73M $37.25M
YoY Change 6.65% 5.57%
Preferred Stock
YoY Change
Treasury Stock (at cost) $56.48M $55.81M
YoY Change 1.2% 0.24%
Treasury Stock Shares
Shareholders Equity $132.8M $126.3M
YoY Change
Total Liabilities & Shareholders Equity $193.1M $205.5M
YoY Change -6.03% -0.5%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $2.287M -$1.096M
YoY Change -308.67% -125.79%
Depreciation, Depletion And Amortization $3.230M $3.220M
YoY Change 0.31% -0.31%
Cash From Operating Activities $2.010M $9.060M
YoY Change -77.81% 16.75%
INVESTING ACTIVITIES
Capital Expenditures -$2.140M -$2.800M
YoY Change -23.57% -6.04%
Acquisitions
YoY Change
Other Investing Activities $2.170M -$3.730M
YoY Change -158.18% 86.5%
Cash From Investing Activities $40.00K -$6.530M
YoY Change -100.61% 31.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.660M -1.560M
YoY Change 6.41% 26.83%
NET CHANGE
Cash From Operating Activities 2.010M 9.060M
Cash From Investing Activities 40.00K -6.530M
Cash From Financing Activities -1.660M -1.560M
Net Change In Cash 390.0K 970.0K
YoY Change -59.79% -37.42%
FREE CASH FLOW
Cash From Operating Activities $2.010M $9.060M
Capital Expenditures -$2.140M -$2.800M
Free Cash Flow $4.150M $11.86M
YoY Change -65.01% 10.43%

Facts In Submission

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-5000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
23000 USD
CY2018Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-112000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-488000 USD
CY2019Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-39000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-158000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
5183000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
9398000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
2827000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
3830000 USD
CY2018Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4886000 USD
CY2019Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5204000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-36000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
144000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
70000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
28000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-36000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
381000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
488000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
152000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
255000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-237000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-418000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-124000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-291000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
93000 USD
CY2018Q3 us-gaap Other Inventory
OtherInventory
2949000 USD
CY2019Q1 us-gaap Other Inventory
OtherInventory
4199000 USD
CY2018Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
7675000 USD
CY2019Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
7492000 USD
CY2018Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3735000 USD
CY2019Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
4108000 USD
CY2018Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
22000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-207000 USD
CY2019Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
56000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
39000 USD
CY2018Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
4111000 USD
CY2019Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
4116000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
27000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
135000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3112000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3287000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6850000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6199000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
24101000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
3948000 USD
CY2018Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
15906000 USD
CY2019Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
16474000 USD
CY2018Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
2899000 USD
CY2019Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1924000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
11000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
25840000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
10602000 USD
CY2018Q1 us-gaap Profit Loss
ProfitLoss
-1096000 USD
us-gaap Profit Loss
ProfitLoss
1954000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
2282000 USD
us-gaap Profit Loss
ProfitLoss
3216000 USD
CY2018Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
236091000 USD
CY2019Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
241425000 USD
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
86706000 USD
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
86193000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
155000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-168000 USD
CY2018Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
33602000 USD
CY2019Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
38282000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-291000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
3083000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
3083000 USD
CY2017Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
154735000 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
153571000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
158935000 USD
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
158788000 USD
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
68894000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
135540000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
69880000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
136023000 USD
CY2018Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14474000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
29234000 USD
CY2019Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
12577000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
27584000 USD
CY2018Q3 us-gaap Senior Long Term Notes
SeniorLongTermNotes
6107000 USD
CY2019Q1 us-gaap Senior Long Term Notes
SeniorLongTermNotes
3038000 USD
CY2018Q3 us-gaap Senior Notes Current
SeniorNotesCurrent
3083000 USD
CY2019Q1 us-gaap Senior Notes Current
SeniorNotesCurrent
3083000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
770000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
898000 USD
CY2018Q3 us-gaap Short Term Investments
ShortTermInvestments
7124000 USD
CY2019Q1 us-gaap Short Term Investments
ShortTermInvestments
480000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
131885000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
132764000 USD
CY2018Q3 us-gaap Treasury Stock Value
TreasuryStockValue
55946000 USD
CY2019Q1 us-gaap Treasury Stock Value
TreasuryStockValue
56480000 USD
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7139000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7215000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7229000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7242000 shares

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