2017 Q4 Form 10-Q Financial Statement

#000162828017011361 Filed on November 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q1
Revenue $116.0M $111.8M $120.8M
YoY Change -13.1% -17.04% 0.67%
Cost Of Revenue $73.03M $66.47M $64.60M
YoY Change -6.94% -15.88% -1.73%
Gross Profit $42.96M $45.32M $52.05M
YoY Change -21.89% -18.68% -4.13%
Gross Profit Margin 37.04% 40.54% 43.08%
Selling, General & Admin $39.13M $37.33M $36.80M
YoY Change 4.97% -3.58% -0.81%
% of Gross Profit 91.08% 82.37% 70.7%
Research & Development $9.162M $10.19M $11.30M
YoY Change -13.39% -10.62% 3.67%
% of Gross Profit 21.33% 22.49% 21.71%
Depreciation & Amortization $1.300M $1.200M $1.600M
YoY Change -7.14% -7.69% 0.0%
% of Gross Profit 3.03% 2.65% 3.07%
Operating Expenses $52.53M $47.59M $48.20M
YoY Change 10.01% -5.07% 0.63%
Operating Profit -$9.568M -$2.271M $3.850M
YoY Change -231.92% -140.61% -107.59%
Interest Expense $2.968M $2.638M -$2.600M
YoY Change 22.49% 77.64% 73.33%
% of Operating Profit -67.53%
Other Income/Expense, Net $210.0K $77.00K -$100.0K
YoY Change -59.54% 670.0% -83.33%
Pretax Income -$12.33M -$4.871M -$7.000M
YoY Change -332.52% -218.31% -86.75%
Income Tax -$2.127M $228.0K $900.0K
% Of Pretax Income
Net Earnings -$10.20M -$5.099M $1.913M
YoY Change -303.74% -225.22% -103.62%
Net Earnings / Revenue -8.79% -4.56% 1.58%
Basic Earnings Per Share -$0.15
Diluted Earnings Per Share -$0.29 -$0.15 -$235.3K
COMMON SHARES
Basic Shares Outstanding 34.67M shares 34.58M 271.3M shares
Diluted Shares Outstanding 34.58M

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.500M $13.00M
YoY Change -67.8% -61.65%
Cash & Equivalents $10.31M $13.98M $12.96M
Short-Term Investments
Other Short-Term Assets $8.335M $9.581M $9.183M
YoY Change -6.69% 37.52% 14.69%
Inventory $49.00M $47.50M
Prepaid Expenses
Receivables $96.16M $99.23M $101.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $172.4M $180.5M $183.2M
YoY Change -10.51% -11.47% -13.86%
LONG-TERM ASSETS
Property, Plant & Equipment $10.23M $10.42M $10.88M
YoY Change -11.78% -15.65% -15.94%
Goodwill
YoY Change
Intangibles $164.0K $204.0K $276.0K
YoY Change -38.8%
Long-Term Investments
YoY Change
Other Assets $8.663M $6.750M $6.926M
YoY Change 68.67% 56.25% 51.72%
Total Long-Term Assets $31.05M $36.08M $36.70M
YoY Change -16.16% 111.87% 104.41%
TOTAL ASSETS
Total Short-Term Assets $172.4M $180.5M $183.2M
Total Long-Term Assets $31.05M $36.08M $36.70M
Total Assets $203.4M $217.7M $221.2M
YoY Change -11.42% -1.47% -4.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $57.14M $48.49M $40.83M
YoY Change 15.97% -4.66% -11.51%
Accrued Expenses $19.02M $16.56M $15.95M
YoY Change -49.4% -59.11% -61.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $57.00M $62.80M
YoY Change 1993.33%
Total Short-Term Liabilities $188.8M $235.2M $237.6M
YoY Change -18.58% 35.37% 32.26%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $76.49M $66.68M
YoY Change -100.0% -41.02% 6.33%
Other Long-Term Liabilities $11.13M $11.04M $12.97M
YoY Change 54.42% 50.35% 55.84%
Total Long-Term Liabilities $11.13M $112.1M $110.7M
YoY Change -90.27% -34.3% -37.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $188.8M $235.2M $237.6M
Total Long-Term Liabilities $11.13M $112.1M $110.7M
Total Liabilities $356.1M $363.1M $360.5M
YoY Change 2.86% 5.46% 1.14%
SHAREHOLDERS EQUITY
Retained Earnings -$631.2M -$621.0M -$611.8M
YoY Change 6.74% 3.86% 2.49%
Common Stock $479.6M $476.4M $474.2M
YoY Change 1.55% 1.19% 1.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$152.7M -$145.5M -$139.3M
YoY Change
Total Liabilities & Shareholders Equity $203.4M $217.7M $221.2M
YoY Change -11.42% -1.47% -4.06%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q1
OPERATING ACTIVITIES
Net Income -$10.20M -$5.099M $1.913M
YoY Change -303.74% -225.22% -103.62%
Depreciation, Depletion And Amortization $1.300M $1.200M $1.600M
YoY Change -7.14% -7.69% 0.0%
Cash From Operating Activities $3.500M -$1.300M -$1.900M
YoY Change -56.79% -53.57% -145.24%
INVESTING ACTIVITIES
Capital Expenditures -$900.0K -$1.100M -$500.0K
YoY Change 80.0% 57.14% -28.57%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $20.80M
YoY Change -100.0%
Cash From Investing Activities -$900.0K -$1.100M $20.30M
YoY Change -95.59% 37.5% -3000.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.900M 3.100M -8.000M
YoY Change -276.79% -306.67% 220.0%
NET CHANGE
Cash From Operating Activities 3.500M -1.300M -1.900M
Cash From Investing Activities -900.0K -1.100M 20.30M
Cash From Financing Activities -9.900M 3.100M -8.000M
Net Change In Cash -7.300M 700.0K 10.40M
YoY Change 8.96% -113.73% 940.0%
FREE CASH FLOW
Cash From Operating Activities $3.500M -$1.300M -$1.900M
Capital Expenditures -$900.0K -$1.100M -$500.0K
Free Cash Flow $4.400M -$200.0K -$1.400M
YoY Change -48.84% -90.48% -128.57%

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us-gaap Restructuring Reserve Accrual Adjustment1
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us-gaap Restructuring Reserve Accrual Adjustment1
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CY2017Q3 us-gaap Standard Product Warranty Accrual Payments
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CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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34337000 shares

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