2016 Q2 Form 10-Q Financial Statement

#000139681416000023 Filed on August 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $69.64M $59.15M
YoY Change 17.74% 25.41%
Cost Of Revenue $23.05M $18.93M
YoY Change 21.79% -5.14%
Gross Profit $46.59M $40.22M
YoY Change 15.83% 47.8%
Gross Profit Margin 66.9% 68.0%
Selling, General & Admin $43.67M $34.75M
YoY Change 25.66% 39.92%
% of Gross Profit 93.74% 86.41%
Research & Development $9.362M $3.649M
YoY Change 156.56% -30.04%
% of Gross Profit 20.1% 9.07%
Depreciation & Amortization $3.200M $2.700M
YoY Change 18.52% 17.39%
% of Gross Profit 6.87% 6.71%
Operating Expenses $76.08M $57.33M
YoY Change 32.71% 14.64%
Operating Profit -$6.444M $1.818M
YoY Change -454.46% -163.97%
Interest Expense $1.733M $1.940M
YoY Change -10.67% -6.69%
% of Operating Profit 106.71%
Other Income/Expense, Net -$1.456M -$1.771M
YoY Change -17.79% -19.32%
Pretax Income -$7.900M $47.00K
YoY Change -16908.51% -100.93%
Income Tax $58.00K $39.00K
% Of Pretax Income 82.98%
Net Earnings -$7.958M $8.000K
YoY Change -99575.0% -100.16%
Net Earnings / Revenue -11.43% 0.01%
Basic Earnings Per Share -$0.21
Diluted Earnings Per Share -$215.1K $0.00
COMMON SHARES
Basic Shares Outstanding 37.18M shares 36.48M shares
Diluted Shares Outstanding 37.18M shares 41.45M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $162.7M $153.1M
YoY Change 6.27% -6.59%
Cash & Equivalents $116.9M $32.72M
Short-Term Investments $137.4M $120.4M
Other Short-Term Assets $5.800M $3.400M
YoY Change 70.59% -35.85%
Inventory $60.92M $48.77M
Prepaid Expenses
Receivables $28.65M $24.28M
Other Receivables $0.00 $0.00
Total Short-Term Assets $258.0M $229.6M
YoY Change 12.35% 9.92%
LONG-TERM ASSETS
Property, Plant & Equipment $99.28M $77.81M
YoY Change 27.6% 45.4%
Goodwill $42.75M $27.12M
YoY Change 57.62% 116.64%
Intangibles
YoY Change
Long-Term Investments $0.00 $17.90M
YoY Change -100.0% 32.59%
Other Assets $677.0K $2.252M
YoY Change -69.94% -27.43%
Total Long-Term Assets $142.7M $125.4M
YoY Change 13.83% 50.73%
TOTAL ASSETS
Total Short-Term Assets $258.0M $229.6M
Total Long-Term Assets $142.7M $125.4M
Total Assets $400.7M $355.0M
YoY Change 12.88% 21.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.614M $13.30M
YoY Change -65.31% 322.86%
Accrued Expenses $38.33M $26.79M
YoY Change 43.08% 16.3%
Deferred Revenue
YoY Change
Short-Term Debt $106.4M $103.9M
YoY Change 2.41% 2.87%
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $150.4M $145.5M
YoY Change 3.41% 12.33%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $14.16M $5.447M
YoY Change 160.01% 24.25%
Total Long-Term Liabilities $14.16M $5.447M
YoY Change 160.01% 24.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $150.4M $145.5M
Total Long-Term Liabilities $14.16M $5.447M
Total Liabilities $172.3M $159.7M
YoY Change 7.91% 10.83%
SHAREHOLDERS EQUITY
Retained Earnings -$320.1M -$308.9M
YoY Change 3.63% -1.3%
Common Stock $37.00K $37.00K
YoY Change 0.0% 2.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 0.000 shares 0.000 shares
Shareholders Equity $228.4M $195.3M
YoY Change
Total Liabilities & Shareholders Equity $400.7M $355.0M
YoY Change 12.88% 21.54%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income -$7.958M $8.000K
YoY Change -99575.0% -100.16%
Depreciation, Depletion And Amortization $3.200M $2.700M
YoY Change 18.52% 17.39%
Cash From Operating Activities $7.540M $10.01M
YoY Change -24.68% 21.78%
INVESTING ACTIVITIES
Capital Expenditures -$8.870M -$14.67M
YoY Change -39.54% 143.69%
Acquisitions
YoY Change
Other Investing Activities -$10.78M -$6.170M
YoY Change 74.72% -74.87%
Cash From Investing Activities -$19.64M -$20.85M
YoY Change -5.8% -31.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.380M 2.650M
YoY Change -10.19% -97.63%
NET CHANGE
Cash From Operating Activities 7.540M 10.01M
Cash From Investing Activities -19.64M -20.85M
Cash From Financing Activities 2.380M 2.650M
Net Change In Cash -9.720M -8.190M
YoY Change 18.68% -109.16%
FREE CASH FLOW
Cash From Operating Activities $7.540M $10.01M
Capital Expenditures -$8.870M -$14.67M
Free Cash Flow $16.41M $24.68M
YoY Change -33.51% 73.31%

Facts In Submission

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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Investment Income Interest
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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4420000 USD
CY2015Q2 us-gaap Net Income Loss
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8000 USD
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us-gaap Operating Income Loss
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OperatingIncomeLoss
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190000 USD
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1000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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53000 USD
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89000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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190000 USD
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Payments To Acquire Property Plant And Equipment
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19706000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Short Term Investments
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92921000 USD
us-gaap Payments To Acquire Short Term Investments
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CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2016Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2015Q4 us-gaap Preferred Stock Shares Authorized
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CY2016Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
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us-gaap Stock Issued During Period Value Stock Options Exercised
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4431000 USD
CY2016Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
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CY2015Q4 us-gaap Preferred Stock Value
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us-gaap Proceeds From Stock Options Exercised
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6975000 USD
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CY2015Q4 us-gaap Property Plant And Equipment Gross
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CY2015Q2 us-gaap Research And Development Expense
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us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
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CY2016Q2 us-gaap Research And Development Expense
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us-gaap Research And Development Expense
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CY2015Q2 us-gaap Restricted Stock Expense
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us-gaap Restricted Stock Expense
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CY2016Q2 us-gaap Restricted Stock Expense
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us-gaap Restricted Stock Expense
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2225000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2015Q2 us-gaap Revenues
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us-gaap Revenues
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0 USD
us-gaap Royalty Expense
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0 USD
CY2015Q2 us-gaap Royalty Revenue
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730000 USD
us-gaap Royalty Revenue
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1604000 USD
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597000 USD
us-gaap Royalty Revenue
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us-gaap Sales Revenue Goods Net
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us-gaap Sales Revenue Goods Net
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CY2015Q2 us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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CY2015Q4 us-gaap Short Term Investments
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CY2015Q4 us-gaap Stockholders Equity
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58000 USD
CY2015Q4 us-gaap Treasury Stock Shares
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0 shares
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CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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41612000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37181000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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37181000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37101000 shares

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