2017 Q2 Form 10-Q Financial Statement

#000139681417000024 Filed on August 02, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $70.93M $69.64M
YoY Change 1.86% 17.74%
Cost Of Revenue $23.81M $23.05M
YoY Change 3.29% 21.79%
Gross Profit $47.12M $46.59M
YoY Change 1.15% 15.83%
Gross Profit Margin 66.43% 66.9%
Selling, General & Admin $39.55M $43.67M
YoY Change -9.43% 25.66%
% of Gross Profit 83.93% 93.74%
Research & Development $18.86M $9.362M
YoY Change 101.41% 156.56%
% of Gross Profit 40.01% 20.1%
Depreciation & Amortization $3.700M $3.200M
YoY Change 15.63% 18.52%
% of Gross Profit 7.85% 6.87%
Operating Expenses $86.71M $76.08M
YoY Change 13.97% 32.71%
Operating Profit -$15.78M -$6.444M
YoY Change 144.88% -454.46%
Interest Expense $5.226M $1.733M
YoY Change 201.56% -10.67%
% of Operating Profit
Other Income/Expense, Net -$3.933M -$1.456M
YoY Change 170.12% -17.79%
Pretax Income -$19.71M -$7.900M
YoY Change 149.53% -16908.51%
Income Tax $30.00K $58.00K
% Of Pretax Income
Net Earnings -$19.74M -$7.958M
YoY Change 148.09% -99575.0%
Net Earnings / Revenue -27.83% -11.43%
Basic Earnings Per Share -$0.49 -$0.21
Diluted Earnings Per Share -$490.0K -$215.1K
COMMON SHARES
Basic Shares Outstanding 40.16M shares 37.18M shares
Diluted Shares Outstanding 40.16M shares 37.18M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $382.4M $162.7M
YoY Change 135.03% 6.27%
Cash & Equivalents $53.81M $116.9M
Short-Term Investments $328.6M $137.4M
Other Short-Term Assets $7.500M $5.800M
YoY Change 29.31% 70.59%
Inventory $33.60M $60.92M
Prepaid Expenses
Receivables $27.47M $28.65M
Other Receivables $0.00 $0.00
Total Short-Term Assets $451.0M $258.0M
YoY Change 74.81% 12.35%
LONG-TERM ASSETS
Property, Plant & Equipment $103.2M $99.28M
YoY Change 3.99% 27.6%
Goodwill $50.94M $42.75M
YoY Change 19.16% 57.62%
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $572.0K $677.0K
YoY Change -15.51% -69.94%
Total Long-Term Assets $154.8M $142.7M
YoY Change 8.44% 13.83%
TOTAL ASSETS
Total Short-Term Assets $451.0M $258.0M
Total Long-Term Assets $154.8M $142.7M
Total Assets $605.7M $400.7M
YoY Change 51.17% 12.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.39M $4.614M
YoY Change 125.23% -65.31%
Accrued Expenses $46.76M $38.33M
YoY Change 21.98% 43.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $106.4M
YoY Change -100.0% 2.41%
Long-Term Debt Due $300.0K
YoY Change
Total Short-Term Liabilities $57.51M $150.4M
YoY Change -61.77% 3.41%
LONG-TERM LIABILITIES
Long-Term Debt $269.3M $0.00
YoY Change
Other Long-Term Liabilities $17.86M $14.16M
YoY Change 26.1% 160.01%
Total Long-Term Liabilities $17.86M $14.16M
YoY Change 26.1% 160.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $57.51M $150.4M
Total Long-Term Liabilities $17.86M $14.16M
Total Liabilities $344.7M $172.3M
YoY Change 100.0% 7.91%
SHAREHOLDERS EQUITY
Retained Earnings -$386.1M -$320.1M
YoY Change 20.63% 3.63%
Common Stock $40.00K $37.00K
YoY Change 8.11% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 0.000 shares 0.000 shares
Shareholders Equity $261.0M $228.4M
YoY Change
Total Liabilities & Shareholders Equity $605.7M $400.7M
YoY Change 51.17% 12.88%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income -$19.74M -$7.958M
YoY Change 148.09% -99575.0%
Depreciation, Depletion And Amortization $3.700M $3.200M
YoY Change 15.63% 18.52%
Cash From Operating Activities $3.650M $7.540M
YoY Change -51.59% -24.68%
INVESTING ACTIVITIES
Capital Expenditures -$5.150M -$8.870M
YoY Change -41.94% -39.54%
Acquisitions
YoY Change
Other Investing Activities -$56.00M -$10.78M
YoY Change 419.48% 74.72%
Cash From Investing Activities -$61.15M -$19.64M
YoY Change 211.35% -5.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.330M 2.380M
YoY Change -2.1% -10.19%
NET CHANGE
Cash From Operating Activities 3.650M 7.540M
Cash From Investing Activities -61.15M -19.64M
Cash From Financing Activities 2.330M 2.380M
Net Change In Cash -55.17M -9.720M
YoY Change 467.59% 18.68%
FREE CASH FLOW
Cash From Operating Activities $3.650M $7.540M
Capital Expenditures -$5.150M -$8.870M
Free Cash Flow $8.800M $16.41M
YoY Change -46.37% -33.51%

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4420000 USD
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89000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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190000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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18000 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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18000 USD
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89000 USD
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0 USD
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11000000 USD
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15921000 USD
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121790000 USD
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0.001
CY2017Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2017Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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CY2016Q4 us-gaap Preferred Stock Value
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0 USD
CY2017Q2 us-gaap Preferred Stock Value
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CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
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7480000 USD
us-gaap Proceeds From Convertible Debt
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0 USD
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345000000 USD
us-gaap Proceeds From Sale Of Short Term Investments
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100065000 USD
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us-gaap Proceeds From Stock Options Exercised
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4431000 USD
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2613000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
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us-gaap Repayments Of Debt
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us-gaap Research And Development Expense
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CY2017Q2 us-gaap Research And Development Expense
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us-gaap Research And Development Expense
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CY2016Q2 us-gaap Restricted Stock Expense
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1140000 USD
us-gaap Restricted Stock Expense
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2225000 USD
CY2017Q2 us-gaap Restricted Stock Expense
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1389000 USD
us-gaap Restricted Stock Expense
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2611000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2016Q2 us-gaap Revenues
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365000 USD
CY2016Q2 us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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20.98
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44000 USD
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CY2016Q2 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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CY2017Q2 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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39079000 shares

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