2019 Q1 Form 10-Q Financial Statement
#000156459019016592 Filed on May 07, 2019
Income Statement
Concept | 2019 Q1 | 2018 Q1 |
---|---|---|
Revenue | $5.734M | $3.325M |
YoY Change | 72.45% | 111.51% |
Cost Of Revenue | $2.670M | $2.020M |
YoY Change | 32.18% | 44.29% |
Gross Profit | $3.070M | $1.310M |
YoY Change | 134.35% | 670.59% |
Gross Profit Margin | 53.54% | 39.4% |
Selling, General & Admin | $3.870M | $2.941M |
YoY Change | 31.59% | 3.27% |
% of Gross Profit | 126.06% | 224.5% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $618.0K | $451.0K |
YoY Change | 37.03% | 108.8% |
% of Gross Profit | 20.13% | 34.43% |
Operating Expenses | $4.480M | $2.941M |
YoY Change | 52.33% | 3.27% |
Operating Profit | -$1.418M | -$2.084M |
YoY Change | -31.96% | -22.18% |
Interest Expense | $40.00K | |
YoY Change | ||
% of Operating Profit | ||
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | -$1.378M | -$2.084M |
YoY Change | -33.88% | -27.96% |
Income Tax | $0.00 | $0.00 |
% Of Pretax Income | ||
Net Earnings | -$1.378M | -$2.084M |
YoY Change | -33.88% | -27.96% |
Net Earnings / Revenue | -24.03% | -62.68% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | -$134.4K | -$202.5K |
COMMON SHARES | ||
Basic Shares Outstanding | 10.27M | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2019 Q1 | 2018 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $7.320M | $19.79M |
YoY Change | -63.01% | |
Cash & Equivalents | $7.319M | $19.79M |
Short-Term Investments | ||
Other Short-Term Assets | $1.290M | $800.0K |
YoY Change | 61.25% | |
Inventory | ||
Prepaid Expenses | ||
Receivables | $2.790M | $2.030M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $11.40M | $22.62M |
YoY Change | -49.6% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $3.710M | $970.0K |
YoY Change | 282.47% | |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $540.0K | $1.180M |
YoY Change | -54.24% | |
Total Long-Term Assets | $30.48M | $23.92M |
YoY Change | 27.42% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $11.40M | $22.62M |
Total Long-Term Assets | $30.48M | $23.92M |
Total Assets | $41.88M | $46.54M |
YoY Change | -10.01% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $2.149M | $1.060M |
YoY Change | 102.74% | |
Accrued Expenses | $1.520M | $5.190M |
YoY Change | -70.71% | |
Deferred Revenue | $49.00K | |
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $3.722M | $6.270M |
YoY Change | -40.64% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $2.830M | |
YoY Change | ||
Total Long-Term Liabilities | $2.830M | $0.00 |
YoY Change | ||
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $3.722M | $6.270M |
Total Long-Term Liabilities | $2.830M | $0.00 |
Total Liabilities | $6.560M | $6.273M |
YoY Change | 4.58% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$6.162M | |
YoY Change | ||
Common Stock | $10.00K | |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $35.32M | $40.26M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $41.88M | $46.54M |
YoY Change | -10.01% |
Cashflow Statement
Concept | 2019 Q1 | 2018 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$1.378M | -$2.084M |
YoY Change | -33.88% | -27.96% |
Depreciation, Depletion And Amortization | $618.0K | $451.0K |
YoY Change | 37.03% | 108.8% |
Cash From Operating Activities | -$1.186M | -$2.825M |
YoY Change | -58.02% | 80.86% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $15.00K | $16.00K |
YoY Change | -6.25% | -92.89% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | -$1.445M | -$1.386M |
YoY Change | 4.26% | -28.07% |
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 | 23.94M |
YoY Change | -100.0% | 633.65% |
NET CHANGE | ||
Cash From Operating Activities | -1.186M | -2.825M |
Cash From Investing Activities | -1.445M | -1.386M |
Cash From Financing Activities | 0.000 | 23.94M |
Net Change In Cash | -2.631M | 19.73M |
YoY Change | -113.34% | -8829.2% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$1.186M | -$2.825M |
Capital Expenditures | $15.00K | $16.00K |
Free Cash Flow | -$1.201M | -$2.841M |
YoY Change | -57.73% | 58.98% |
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FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
2826000 | |
CY2019Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
2752000 | |
CY2019Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
7777000 | |
CY2019Q1 | us-gaap |
New Date Of Annual Goodwill Impairment Test
NewDateOfAnnualGoodwillImpairmentTest
|
October 1 | |
CY2019Q1 | rdvt |
Contract With Customer Liability Revenue Recognized Period
ContractWithCustomerLiabilityRevenueRecognizedPeriod
|
P12M | |
CY2019Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
1603000 | |
CY2019Q1 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P1Y | |
CY2019Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
16000 | |
CY2018Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2019Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2019Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
968000 | |
CY2019Q1 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P1Y | |
CY2019Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | |
CY2018Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | |
CY2019Q1 | us-gaap |
Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
|
greater than 50% | |
CY2019Q1 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
CY2018Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
CY2019Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
274000 | |
CY2018Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
165000 | |
CY2019Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
|
424000 | |
CY2018Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
|
346000 | |
CY2019Q1 | rdvt |
Cost Of Non Cancellable Data Licensing Agreements
CostOfNonCancellableDataLicensingAgreements
|
1688000 | |
CY2018Q1 | rdvt |
Cost Of Non Cancellable Data Licensing Agreements
CostOfNonCancellableDataLicensingAgreements
|
1241000 | |
CY2019Q1 | us-gaap |
Contractual Obligation
ContractualObligation
|
20275000 | |
CY2019Q1 | us-gaap |
Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
|
5502000 | |
CY2019Q1 | us-gaap |
Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
|
7506000 | |
CY2019Q1 | us-gaap |
Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
|
5615000 | |
CY2019Q1 | us-gaap |
Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
|
1652000 |