2020 Q1 Form 10-Q Financial Statement

#000131539920000006 Filed on May 08, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $21.56M $18.36M
YoY Change 17.43% 35.9%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $119.0K $98.00K
YoY Change 21.43% 7.69%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $6.358M $4.925M
YoY Change 29.1% 98.27%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $9.922M $9.491M
YoY Change 4.54% 24.96%
Income Tax $2.554M $2.316M
% Of Pretax Income 25.74% 24.4%
Net Earnings $7.212M $7.061M
YoY Change 2.14% 22.59%
Net Earnings / Revenue 33.46% 38.46%
Basic Earnings Per Share $0.61 $0.60
Diluted Earnings Per Share $0.60 $0.59
COMMON SHARES
Basic Shares Outstanding 11.85M shares 11.82M shares
Diluted Shares Outstanding 12.01M shares 12.00M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $310.4M $220.2M
YoY Change 40.95% 163.15%
Cash & Equivalents $283.2M $188.5M
Short-Term Investments $27.20M $31.69M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $6.901M $6.865M
YoY Change 0.52% -2.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.100M $6.400M
YoY Change -4.69% -3.03%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.816B $1.558B
YoY Change 16.52% 33.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.000M $1.800M
YoY Change 11.11% 157.14%
Accrued Expenses $2.500M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.500M $1.800M
YoY Change 150.0% 157.14%
LONG-TERM LIABILITIES
Long-Term Debt $13.40M $13.40M
YoY Change 0.0% 0.0%
Other Long-Term Liabilities $8.900M $11.90M
YoY Change -25.21% 67.61%
Total Long-Term Liabilities $22.30M $25.30M
YoY Change -11.86% 23.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.500M $1.800M
Total Long-Term Liabilities $22.30M $25.30M
Total Liabilities $1.631B $1.397B
YoY Change 16.72% 35.89%
SHAREHOLDERS EQUITY
Retained Earnings $49.45M $47.62M
YoY Change 3.83% 8.87%
Common Stock $1.213M $1.104M
YoY Change 9.87% 32.85%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.015M $3.015M
YoY Change 0.0% 0.0%
Treasury Stock Shares 284.5K shares 284.5K shares
Shareholders Equity $183.5M $159.6M
YoY Change
Total Liabilities & Shareholders Equity $1.816B $1.558B
YoY Change 16.52% 33.52%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $7.212M $7.061M
YoY Change 2.14% 22.59%
Depreciation, Depletion And Amortization $119.0K $98.00K
YoY Change 21.43% 7.69%
Cash From Operating Activities $9.421M $10.63M
YoY Change -11.41% 61.19%
INVESTING ACTIVITIES
Capital Expenditures $74.00K $180.0K
YoY Change -58.89% 143.24%
Acquisitions
YoY Change
Other Investing Activities -$45.55M -$56.36M
YoY Change -19.18% 111.88%
Cash From Investing Activities -$45.62M -$56.54M
YoY Change -19.32% 112.0%
FINANCING ACTIVITIES
Cash Dividend Paid $1.700M $1.500M
YoY Change 13.33% 24.9%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $127.8M $79.96M
YoY Change 59.81% 224.15%
NET CHANGE
Cash From Operating Activities $9.421M $10.63M
Cash From Investing Activities -$45.62M -$56.54M
Cash From Financing Activities $127.8M $79.96M
Net Change In Cash $91.58M $34.05M
YoY Change 168.99% 641.44%
FREE CASH FLOW
Cash From Operating Activities $9.421M $10.63M
Capital Expenditures $74.00K $180.0K
Free Cash Flow $9.347M $10.45M
YoY Change -10.59% 60.26%

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160000 USD
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165000 USD
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471000 USD
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2484000 USD
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P51Y08M20D
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1999-01-28
CY2019Q4 us-gaap Other Assets
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4768000 USD
CY2020Q1 us-gaap Other Assets
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2662000 USD
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480000 USD
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683000 USD
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1000 USD
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8000 USD
CY2019Q4 us-gaap Preferred Stock Liquidation Preference
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1000
CY2020Q1 us-gaap Preferred Stock Liquidation Preference
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1000
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1000000 shares
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PreferredStockSharesAuthorized
1000000 shares
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CY2019Q1 us-gaap Professional Fees
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CY2019Q1 us-gaap Provision For Loan And Lease Losses
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CY2020Q1 us-gaap Provision For Loan And Lease Losses
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CY2019Q1 us-gaap Provision For Loan Losses Expensed
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CY2019Q1 us-gaap Share Based Compensation
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5000 USD
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64000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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48000 USD
CY2019Q4 us-gaap Stockholders Equity
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177605000 USD
CY2020Q1 us-gaap Stockholders Equity
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154996000 USD
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
161115000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
179424000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2019Q4 us-gaap Subordinated Debt
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13403000 USD
CY2020Q1 us-gaap Subordinated Debt
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13403000 USD
CY2019Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
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123800000 USD
CY2020Q1 us-gaap Transfer To Other Real Estate
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0 USD
CY2019Q4 us-gaap Treasury Stock Shares
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CY2020Q1 us-gaap Time Deposits At Or Above Fdic Insurance Limit
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99700000 USD
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45000 USD
CY2020Q1 us-gaap Treasury Stock Shares
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284522 shares
CY2019Q4 us-gaap Treasury Stock Value
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3015000 USD
CY2020Q1 us-gaap Treasury Stock Value
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3015000 USD
CY2019Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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183994 shares
CY2020Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
159236 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12003380 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12008200 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11819386 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11848964 shares
CY2020Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates:</font><font style="font-family:inherit;font-size:10pt;"> </font></div></div>

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