2018 Q1 Form 10-Q Financial Statement

#000114420418026625 Filed on May 09, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $4.553M $2.889M
YoY Change 57.6% 325.48%
Cost Of Revenue $2.924M $2.088M
YoY Change 40.04% 299.24%
Gross Profit $1.629M $801.0K
YoY Change 103.37% 413.46%
Gross Profit Margin 35.78% 27.73%
Selling, General & Admin $2.498M $2.537M
YoY Change -1.54% 27.17%
% of Gross Profit 153.35% 316.73%
Research & Development $7.286M $5.967M
YoY Change 22.1% -18.64%
% of Gross Profit 447.27% 744.94%
Depreciation & Amortization $430.0K $492.0K
YoY Change -12.6% -4.65%
% of Gross Profit 26.4% 61.42%
Operating Expenses $9.784M $8.504M
YoY Change 15.05% -8.84%
Operating Profit -$5.151M -$6.365M
YoY Change -19.07% -19.06%
Interest Expense -$2.090M -$52.78M
YoY Change -96.04% 7896.97%
% of Operating Profit
Other Income/Expense, Net -$2.088M -$52.78M
YoY Change -96.04% 7873.26%
Pretax Income -$7.240M -$59.15M
YoY Change -87.76% 593.43%
Income Tax
% Of Pretax Income
Net Earnings -$7.239M -$59.15M
YoY Change -87.76% 587.93%
Net Earnings / Revenue -158.99% -2047.35%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.50 -$4.75
COMMON SHARES
Basic Shares Outstanding 124.1M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $41.30M $48.00M
YoY Change -13.96% -28.04%
Cash & Equivalents $41.32M $48.02M
Short-Term Investments
Other Short-Term Assets $2.600M $3.700M
YoY Change -29.73% -5.13%
Inventory $7.000M $7.100M
Prepaid Expenses
Receivables $4.756M $2.737M
Other Receivables $0.00 $0.00
Total Short-Term Assets $55.69M $61.50M
YoY Change -9.45% -19.4%
LONG-TERM ASSETS
Property, Plant & Equipment $7.311M $8.500M
YoY Change -13.99% -8.6%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.800M $1.800M
YoY Change 0.0% 5.88%
Total Long-Term Assets $9.109M $10.40M
YoY Change -12.41% -5.45%
TOTAL ASSETS
Total Short-Term Assets $55.69M $61.50M
Total Long-Term Assets $9.109M $10.40M
Total Assets $64.80M $71.90M
YoY Change -9.88% -17.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.900M $6.000M
YoY Change -18.33% 53.85%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.900M $0.00
YoY Change
Total Short-Term Liabilities $21.50M $20.30M
YoY Change 5.91% 118.28%
LONG-TERM LIABILITIES
Long-Term Debt $51.30M $117.5M
YoY Change -56.34% 62.74%
Other Long-Term Liabilities $5.172M $2.500M
YoY Change 106.88% -21.88%
Total Long-Term Liabilities $82.74M $120.0M
YoY Change -31.05% 59.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.50M $20.30M
Total Long-Term Liabilities $82.74M $120.0M
Total Liabilities $104.2M $140.3M
YoY Change -25.7% 65.64%
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 -$35.44M -$68.50M
YoY Change
Total Liabilities & Shareholders Equity $64.80M $71.90M
YoY Change -9.88% -17.64%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income -$7.239M -$59.15M
YoY Change -87.76% 587.93%
Depreciation, Depletion And Amortization $430.0K $492.0K
YoY Change -12.6% -4.65%
Cash From Operating Activities -$9.413M -$8.426M
YoY Change 11.71% -12.46%
INVESTING ACTIVITIES
Capital Expenditures $249.0K $220.0K
YoY Change 13.18% -12.35%
Acquisitions
YoY Change
Other Investing Activities -$109.0K $40.00K
YoY Change -372.5% -4.76%
Cash From Investing Activities -$328.0K -$283.0K
YoY Change 15.9% -3.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$6.726M
YoY Change
NET CHANGE
Cash From Operating Activities -9.413M -$8.426M
Cash From Investing Activities -328.0K -$283.0K
Cash From Financing Activities -$6.726M
Net Change In Cash -9.741M -$15.44M
YoY Change -36.89% 55.63%
FREE CASH FLOW
Cash From Operating Activities -$9.413M -$8.426M
Capital Expenditures $249.0K $220.0K
Free Cash Flow -$9.662M -$8.646M
YoY Change 11.75% -12.45%

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