2015 Q3 Form 10-Q Financial Statement

#000114420415047801 Filed on August 10, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q2 2014 Q2
Revenue $1.336M $1.336M $2.425M
YoY Change -44.24% -44.91% 7.11%
Cost Of Revenue $223.0K $225.0K $1.605M
YoY Change -87.6% -85.98% 21.78%
Gross Profit $1.113M $1.111M $1.081M
YoY Change -41.7% 2.78% -38.09%
Gross Profit Margin 83.31% 83.16% 44.58%
Selling, General & Admin $2.163M $2.001M $1.566M
YoY Change 7.5% 27.78% -28.23%
% of Gross Profit 194.34% 180.11% 144.87%
Research & Development $5.068M $6.023M $7.076M
YoY Change -37.06% -14.88% -11.44%
% of Gross Profit 455.35% 542.12% 654.58%
Depreciation & Amortization $590.0K $600.0K $800.0K
YoY Change -25.32% -25.0% -10.11%
% of Gross Profit 53.01% 54.01% 74.01%
Operating Expenses $7.231M $8.024M $8.642M
YoY Change -28.15% -7.15% -15.04%
Operating Profit -$5.002M -$5.584M -$5.447M
YoY Change -19.43% 2.52% -20.99%
Interest Expense -$1.010M -$600.0K -$670.0K
YoY Change -43.89% -10.45% -1216.67%
% of Operating Profit
Other Income/Expense, Net -$1.013M -$599.0K -$672.0K
YoY Change -43.78% -10.86% -1278.95%
Pretax Income -$6.020M -$6.180M -$6.120M
YoY Change -24.84% 0.98% -10.53%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$3.820M -$5.071M -$6.119M
YoY Change -52.31% -17.13% -10.5%
Net Earnings / Revenue -285.93% -379.57% -252.33%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.40 -$0.54 -$0.66
COMMON SHARES
Basic Shares Outstanding 94.15M shares 93.60M shares 93.61M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q3 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $34.20M $43.20M $71.10M
YoY Change -43.28% -39.24% 114.8%
Cash & Equivalents $34.25M $43.24M $71.14M
Short-Term Investments
Other Short-Term Assets $2.716M $2.300M $2.000M
YoY Change 29.33% 15.0% -44.44%
Inventory $6.339M $6.368M $7.135M
Prepaid Expenses
Receivables $4.573M $1.900M $2.097M
Other Receivables $0.00 $0.00 $1.988M
Total Short-Term Assets $47.88M $53.90M $82.36M
YoY Change -32.77% -34.56% 79.32%
LONG-TERM ASSETS
Property, Plant & Equipment $9.957M $10.40M $12.44M
YoY Change -15.95% -16.39% -17.09%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.700M $1.700M $1.800M
YoY Change 0.0% -5.56% 28.57%
Total Long-Term Assets $11.62M $12.10M $14.29M
YoY Change -14.51% -15.31% -12.75%
TOTAL ASSETS
Total Short-Term Assets $47.88M $53.90M $82.36M
Total Long-Term Assets $11.62M $12.10M $14.29M
Total Assets $59.49M $66.00M $96.65M
YoY Change -29.84% -31.71% 55.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.100M $4.300M $3.600M
YoY Change 13.89% 19.44% -7.69%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $22.85M $25.50M $27.18M
YoY Change -6.28% -6.18% 2.07%
LONG-TERM LIABILITIES
Long-Term Debt $67.80M $67.70M
YoY Change
Other Long-Term Liabilities $37.40M $37.90M $42.00M
YoY Change -8.11% -9.76% -11.95%
Total Long-Term Liabilities $105.2M $105.6M $109.3M
YoY Change -2.73% -3.35% 129.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.85M $25.50M $27.18M
Total Long-Term Liabilities $105.2M $105.6M $109.3M
Total Liabilities $128.0M $131.1M $136.4M
YoY Change -3.39% -3.91% 83.66%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$68.51M -$65.14M -$39.79M
YoY Change
Total Liabilities & Shareholders Equity $59.49M $66.00M $96.65M
YoY Change -29.84% -31.71% 55.12%

Cashflow Statement

Concept 2015 Q3 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$3.820M -$5.071M -$6.119M
YoY Change -52.31% -17.13% -10.5%
Depreciation, Depletion And Amortization $590.0K $600.0K $800.0K
YoY Change -25.32% -25.0% -10.11%
Cash From Operating Activities -$8.660M -$5.350M -$6.520M
YoY Change -9.32% -17.94% -19.61%
INVESTING ACTIVITIES
Capital Expenditures $130.0K $230.0K $110.0K
YoY Change -48.0% 109.09% -84.29%
Acquisitions
YoY Change
Other Investing Activities -$40.00K -$20.00K -$80.00K
YoY Change 33.33% -75.0% 300.0%
Cash From Investing Activities -$170.0K -$250.0K -$200.0K
YoY Change -34.62% 25.0% -72.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 530.0K 0.000
YoY Change -100.0% -100.0%
NET CHANGE
Cash From Operating Activities -8.660M -5.350M -6.520M
Cash From Investing Activities -170.0K -250.0K -200.0K
Cash From Financing Activities 0.000 530.0K 0.000
Net Change In Cash -8.830M -5.070M -6.720M
YoY Change -9.9% -24.55% -23.64%
FREE CASH FLOW
Cash From Operating Activities -$8.660M -$5.350M -$6.520M
Capital Expenditures $130.0K $230.0K $110.0K
Free Cash Flow -$8.790M -$5.580M -$6.630M
YoY Change -10.31% -15.84% -24.74%

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