2023 Q2 Form 10-Q Financial Statement

#000143774923012837 Filed on May 05, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $122.3M $125.9M $124.2M
YoY Change -3.65% 1.36% 6.93%
Cost Of Revenue $69.14M $72.08M $68.36M
YoY Change -0.49% 5.44% 12.45%
Gross Profit $53.12M $53.78M $55.80M
YoY Change -7.49% -3.63% 0.86%
Gross Profit Margin 43.45% 42.73% 44.94%
Selling, General & Admin $37.55M $39.28M $37.36M
YoY Change -0.07% 5.16% -3.94%
% of Gross Profit 70.69% 73.05% 66.94%
Research & Development $9.865M $10.68M $10.56M
YoY Change 4.39% 1.14% -13.33%
% of Gross Profit 18.57% 19.85% 18.92%
Depreciation & Amortization $9.495M $9.388M $10.23M
YoY Change -5.45% -8.25% 1.72%
% of Gross Profit 17.87% 17.46% 18.34%
Operating Expenses $47.42M $50.03M $47.91M
YoY Change -9.2% 4.41% -6.18%
Operating Profit $5.706M $3.749M $7.890M
YoY Change 9.71% -52.48% 85.17%
Interest Expense -$3.368M $1.290M
YoY Change
% of Operating Profit -59.03% 34.41%
Other Income/Expense, Net -$3.368M $1.290M -$300.0K
YoY Change -336900.0% -530.0% -4.15%
Pretax Income $2.240M $5.039M $7.590M
YoY Change -56.94% -33.61% 92.25%
Income Tax $2.623M $2.400M $2.500M
% Of Pretax Income 117.1% 47.63% 32.94%
Net Earnings -$383.0K $2.659M $5.095M
YoY Change -114.98% -47.81% 37.26%
Net Earnings / Revenue -0.31% 2.11% 4.1%
Basic Earnings Per Share -$0.01 $0.10 $0.19
Diluted Earnings Per Share -$0.01 $0.10 $0.19
COMMON SHARES
Basic Shares Outstanding 26.20M 26.68M 27.50M
Diluted Shares Outstanding 26.21M shares 26.61M 27.51M

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $86.44M $84.90M $77.15M
YoY Change 9.35% 10.04% 21.69%
Cash & Equivalents $66.49M $62.05M $57.24M
Short-Term Investments $19.95M $22.85M $19.91M
Other Short-Term Assets $8.501M $11.10M $10.19M
YoY Change -25.98% 8.99% 15.74%
Inventory $14.31M $14.27M $14.23M
Prepaid Expenses
Receivables $75.03M $77.62M $85.96M
Other Receivables $868.0K $821.0K $687.0K
Total Short-Term Assets $185.2M $188.7M $188.2M
YoY Change -2.9% 0.27% 18.73%
LONG-TERM ASSETS
Property, Plant & Equipment $268.6M $253.6M $270.9M
YoY Change 3.07% -6.4% -3.2%
Goodwill $274.0M $274.0M $398.3M
YoY Change -29.81% -31.21% -0.28%
Intangibles
YoY Change
Long-Term Investments $16.34M $19.82M $28.20M
YoY Change -47.39% -29.69% -5.38%
Other Assets $4.738M $4.776M $4.286M
YoY Change 12.2% 11.43% -12.03%
Total Long-Term Assets $592.1M $602.7M $746.5M
YoY Change -18.67% -19.27% -3.79%
TOTAL ASSETS
Total Short-Term Assets $185.2M $188.7M $188.2M
Total Long-Term Assets $592.1M $602.7M $746.5M
Total Assets $777.2M $791.4M $934.8M
YoY Change -15.4% -15.34% 0.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.47M $19.85M $17.51M
YoY Change 5.32% 13.38% -19.84%
Accrued Expenses $32.85M $39.15M $38.38M
YoY Change -23.32% 2.0% 23.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $16.55M $17.45M $493.0K
YoY Change 3695.64% 3439.96% -17.83%
Total Short-Term Liabilities $66.22M $78.38M $60.25M
YoY Change 12.4% 30.09% 0.67%
LONG-TERM LIABILITIES
Long-Term Debt $745.0K $0.00 $1.269M
YoY Change -37.29% -100.0% -29.5%
Other Long-Term Liabilities $6.769M $4.615M $6.021M
YoY Change 17.03% -23.35% -2.37%
Total Long-Term Liabilities $7.514M $4.615M $6.021M
YoY Change 29.91% -23.35% -2.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $66.22M $78.38M $60.25M
Total Long-Term Liabilities $7.514M $4.615M $6.021M
Total Liabilities $94.53M $108.2M $102.7M
YoY Change -3.5% 5.37% -15.12%
SHAREHOLDERS EQUITY
Retained Earnings $246.9M $251.4M $381.8M
YoY Change -35.2% -34.15% 4.15%
Common Stock $465.0M $465.2M $472.5M
YoY Change -2.27% -1.54% 3.41%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $682.7M $683.1M $832.0M
YoY Change
Total Liabilities & Shareholders Equity $777.2M $791.4M $934.8M
YoY Change -15.4% -15.34% 0.03%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$383.0K $2.659M $5.095M
YoY Change -114.98% -47.81% 37.26%
Depreciation, Depletion And Amortization $9.495M $9.388M $10.23M
YoY Change -5.45% -8.25% 1.72%
Cash From Operating Activities $9.289M $22.58M $17.78M
YoY Change -29.93% 26.96% 176.78%
INVESTING ACTIVITIES
Capital Expenditures $3.388M $3.441M $3.069M
YoY Change -214.42% 12.12% -53.12%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $6.819M $7.824M -$22.77M
YoY Change -188.33% -134.37% -72.77%
Cash From Investing Activities $3.431M $4.383M -$25.84M
YoY Change -132.12% -116.97% -71.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.064M -$21.60M -$601.0K
YoY Change 91.09% 3494.34% 40.75%
NET CHANGE
Cash From Operating Activities 9.289M $22.58M $17.78M
Cash From Investing Activities 3.431M $4.383M -$25.84M
Cash From Financing Activities -8.064M -$21.60M -$601.0K
Net Change In Cash 4.656M $5.493M -$8.690M
YoY Change -383.21% -163.21% -89.63%
FREE CASH FLOW
Cash From Operating Activities $9.289M $22.58M $17.78M
Capital Expenditures $3.388M $3.441M $3.069M
Free Cash Flow $5.901M $19.14M $14.71M
YoY Change -63.61% 30.06% -12260.33%

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CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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3746000 usd
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CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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3546000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2023Q1 prlb Finitelived Intangible Asset Expected Amortization After Year Four
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CY2023Q1 us-gaap Finite Lived Intangible Assets Net
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29869000 usd
CY2022Q4 us-gaap Inventory Net
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CY2023Q1 us-gaap Allocated Share Based Compensation Expense
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CY2022Q1 us-gaap Allocated Share Based Compensation Expense
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4400000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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1045000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Securities
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CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1379000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
49987000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
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22851000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue
19824000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Securities
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42675000 usd
CY2023Q1 us-gaap Inventory Gross
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CY2023Q1 us-gaap Inventory Valuation Reserves
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419000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
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387000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
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CY2023Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
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CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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16.21
CY2023Q1 us-gaap Income Tax Expense Benefit
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CY2022Q1 us-gaap Income Tax Expense Benefit
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CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2023Q1 prlb Effective Income Tax Rate Continuing Operations Increase Decrease During The Period
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CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2023Q1 us-gaap Unrecognized Tax Benefits
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4700000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
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4500000 usd
CY2023Q1 us-gaap Operating Income Loss
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3749000 usd
CY2022Q1 us-gaap Operating Income Loss
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CY2023Q1 us-gaap Property Plant And Equipment Net
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253616000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
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257785000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
125859000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
124168000 usd

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