2020 Q1 Form 10-Q Financial Statement
#000156459020024367 Filed on May 11, 2020
Income Statement
Concept | 2020 Q1 | 2019 Q1 |
---|---|---|
Revenue | $9.300M | $5.734M |
YoY Change | 62.19% | 72.45% |
Cost Of Revenue | $3.290M | $2.670M |
YoY Change | 23.22% | 32.18% |
Gross Profit | $6.010M | $3.070M |
YoY Change | 95.77% | 134.35% |
Gross Profit Margin | 64.62% | 53.54% |
Selling, General & Admin | $6.610M | $3.870M |
YoY Change | 70.8% | 31.59% |
% of Gross Profit | 109.98% | 126.06% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $910.0K | $618.0K |
YoY Change | 47.25% | 37.03% |
% of Gross Profit | 15.14% | 20.13% |
Operating Expenses | $7.520M | $4.480M |
YoY Change | 67.86% | 52.33% |
Operating Profit | -$1.510M | -$1.418M |
YoY Change | 6.49% | -31.96% |
Interest Expense | $30.00K | $40.00K |
YoY Change | -25.0% | |
% of Operating Profit | ||
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | -$1.480M | -$1.378M |
YoY Change | 7.4% | -33.88% |
Income Tax | $0.00 | $0.00 |
% Of Pretax Income | ||
Net Earnings | -$1.481M | -$1.378M |
YoY Change | 7.47% | -33.88% |
Net Earnings / Revenue | -15.92% | -24.03% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | -$127.8K | -$134.4K |
COMMON SHARES | ||
Basic Shares Outstanding | 11.59M | 10.27M |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2020 Q1 | 2019 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $11.45M | $7.320M |
YoY Change | 56.42% | -63.01% |
Cash & Equivalents | $11.45M | $7.319M |
Short-Term Investments | ||
Other Short-Term Assets | $1.120M | $1.290M |
YoY Change | -13.18% | 61.25% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $3.040M | $2.790M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $15.61M | $11.40M |
YoY Change | 36.93% | -49.6% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $3.130M | $3.710M |
YoY Change | -15.63% | 282.47% |
Goodwill | $5.227M | |
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $230.0K | $540.0K |
YoY Change | -57.41% | -54.24% |
Total Long-Term Assets | $33.89M | $30.48M |
YoY Change | 11.19% | 27.42% |
TOTAL ASSETS | ||
Total Short-Term Assets | $15.61M | $11.40M |
Total Long-Term Assets | $33.89M | $30.48M |
Total Assets | $49.50M | $41.88M |
YoY Change | 18.19% | -10.01% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $2.230M | $2.149M |
YoY Change | 3.77% | 102.74% |
Accrued Expenses | $1.320M | $1.520M |
YoY Change | -13.16% | -70.71% |
Deferred Revenue | $151.0K | $49.00K |
YoY Change | 208.16% | |
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $3.758M | $3.722M |
YoY Change | 0.97% | -40.64% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $2.330M | $2.830M |
YoY Change | -17.67% | |
Total Long-Term Liabilities | $2.330M | $2.830M |
YoY Change | -17.67% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $3.758M | $3.722M |
Total Long-Term Liabilities | $2.330M | $2.830M |
Total Liabilities | $6.090M | $6.560M |
YoY Change | -7.16% | 4.58% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$6.162M | |
YoY Change | ||
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $1.255M | |
YoY Change | ||
Treasury Stock Shares | $103.1K | |
Shareholders Equity | $43.41M | $35.32M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $49.50M | $41.88M |
YoY Change | 18.2% | -10.01% |
Cashflow Statement
Concept | 2020 Q1 | 2019 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$1.481M | -$1.378M |
YoY Change | 7.47% | -33.88% |
Depreciation, Depletion And Amortization | $910.0K | $618.0K |
YoY Change | 47.25% | 37.03% |
Cash From Operating Activities | $1.249M | -$1.186M |
YoY Change | -205.31% | -58.02% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $33.00K | $15.00K |
YoY Change | 120.0% | -6.25% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | -$1.571M | -$1.445M |
YoY Change | 8.72% | 4.26% |
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 | |
YoY Change | -100.0% | |
NET CHANGE | ||
Cash From Operating Activities | 1.249M | -1.186M |
Cash From Investing Activities | -1.571M | -1.445M |
Cash From Financing Activities | 0.000 | |
Net Change In Cash | -322.0K | -2.631M |
YoY Change | -87.76% | -113.34% |
FREE CASH FLOW | ||
Cash From Operating Activities | $1.249M | -$1.186M |
Capital Expenditures | $33.00K | $15.00K |
Free Cash Flow | $1.216M | -$1.201M |
YoY Change | -201.25% | -57.73% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2019Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2019Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | |
CY2019Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2019Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2019Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
11657912 | |
CY2020Q1 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P9M | |
CY2020Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
207000 | |
CY2020Q1 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P1Y | |
CY2020Q1 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P1Y | |
CY2020Q1 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
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P1Y | |
CY2020Q1 | us-gaap |
Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
|
true | |
CY2020Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
3758000 | |
CY2020Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
2327000 | |
CY2019Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
40000 | |
CY2019Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
11554765 | |
CY2019Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | |
CY2019Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
42084000 | |
CY2019Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
48871000 | |
CY2019Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
59187000 | |
CY2019Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
5734000 | |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1378000 | |
CY2019Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
618000 | |
CY2019Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
7152000 | |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
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CY2020Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
910000 | |
CY2020Q1 | us-gaap |
Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
17000 | |
CY2019Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
618000 | |
CY2019Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
274000 | |
CY2019Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
359000 | |
CY2019Q1 | us-gaap |
Increase Decrease In Other Operating Assets
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|
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Increase Decrease In Accounts Payable Trade
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|
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Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
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CY2020Q1 | us-gaap |
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|
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Stockholders Equity
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|
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Treasury Stock Shares
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CY2019Q4 | us-gaap |
Treasury Stock Value
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Retained Earnings Accumulated Deficit
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Stockholders Equity
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CY2019Q1 | us-gaap |
Stockholders Equity
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CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
42084000 | |
CY2020Q1 | us-gaap |
Share Based Compensation
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2221000 | |
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Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
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Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2019Q1 | us-gaap |
Provision For Doubtful Accounts
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Noncash Lease Expenses
NoncashLeaseExpenses
|
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CY2019Q1 | rdvt |
Noncash Lease Expenses
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Increase Decrease In Accounts Receivable
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Increase Decrease In Accounts Receivable
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Increase Decrease In Prepaid Deferred Expense And Other Assets
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Increase Decrease In Other Operating Assets
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Increase Decrease In Accounts Payable Trade
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Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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Increase Decrease In Contract With Customer Liability
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Increase Decrease In Contract With Customer Liability
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Increase Decrease In Operating Lease Liabilities
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|
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CY2019Q1 | rdvt |
Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
|
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Net Cash Provided By Used In Operating Activities
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|
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Payments To Acquire Property Plant And Equipment
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|
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Payments For Software
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|
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Net Cash Provided By Used In Investing Activities
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|
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Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
588000 | |
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Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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Operating Lease Liabilities Arising From Obtaining Right Of Use Assets
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|
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Net Cash Provided By Used In Operating Activities
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|
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Payments To Acquire Property Plant And Equipment
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Payments For Software
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|
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Net Cash Provided By Used In Investing Activities
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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|
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|
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|
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Weighted Average Number Of Share Outstanding Basic And Diluted
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|
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Weighted Average Number Of Share Outstanding Basic And Diluted
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Earnings Per Share Basic And Diluted
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|
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|
-0.13 | |
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Goodwill
Goodwill
|
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CY2019Q4 | us-gaap |
Goodwill
Goodwill
|
5227000 | |
CY2020Q1 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
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Contract With Customer Liability Current
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|
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|
128000 | |
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Contract With Customer Liability Revenue Recognized Period
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|
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Contract With Customer Liability Revenue Recognized
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|
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Revenue Remaining Performance Obligation
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|
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Revenue For Future Outstanding Performance Obligations
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|
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Revenue Remaining Performance Obligation Specified Period Over Which Subscription Contracts Terms Exceed
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|
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Unrecognized Tax Benefits
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|
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CY2020Q1 | us-gaap |
Unrecognized Tax Benefits
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|
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|
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Common Stock Shares Issued
CommonStockSharesIssued
|
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Amortization Of Intangible Assets
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|
850000 | |
CY2019Q1 | us-gaap |
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|
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|
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Finite Lived Intangible Assets Amortization Expense Year Two
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Finite Lived Intangible Assets Amortization Expense Year Three
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|
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Finite Lived Intangible Assets Amortization Expense Year Four
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|
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Finite Lived Intangible Assets Amortization Expense Year Five
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Finite Lived Intangible Assets Amortization Expense After Year Five
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|
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Finite Lived Intangible Assets Net
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|
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New Date Of Annual Goodwill Impairment Test
NewDateOfAnnualGoodwillImpairmentTest
|
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|
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CY2020Q1 | us-gaap |
Revenue Remaining Performance Obligation
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CY2020Q1 | us-gaap |
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RevenueRemainingPerformanceObligation
|
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CY2020Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
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CY2020Q1 | us-gaap |
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RevenueRemainingPerformanceObligation
|
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CY2020Q1 | 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 | |
CY2020Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
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CY2019Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | |
CY2020Q1 | us-gaap |
Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
|
greater than 50% | |
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Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
|
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Land Subject To Ground Leases
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|
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Common Stock Shares Issued
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|
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CY2020Q1 | rdvt |
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|
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Treasury Stock Issued Shares
TreasuryStockIssuedShares
|
103147 | |
CY2020Q1 | us-gaap |
Treasury Stock Shares
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|
103147 | |
CY2020Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
1255000 | |
CY2020Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2221000 | |
CY2019Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
274000 | |
CY2020Q1 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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|
588000 | |
CY2019Q1 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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|
150000 | |
CY2020Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
|
2809000 | |
CY2019Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
|
424000 | |
CY2017Q1 | us-gaap |
Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
|
P89M | |
CY2017Q2 | us-gaap |
Land Subject To Ground Leases
LandSubjectToGroundLeases
|
6003 | |
CY2017Q2 | us-gaap |
Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
|
P90M | |
CY2020Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
168000 | |
CY2019Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
168000 | |
CY2020Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P4Y7M6D | |
CY2020Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
174000 | |
CY2019Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
170000 | |
CY2019Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
3042000 | |
CY2019Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.080 | |
CY2018Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.080 | |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
530000 | |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
724000 | |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
743000 | |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
765000 | |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
542000 | |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
77000 | |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
3381000 | |
CY2020Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
506000 | |
CY2020Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
2327000 | |
CY2020Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
2833000 | |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
548000 | |
CY2020Q1 | rdvt |
Cost Of Non Cancellable Data Licensing Agreements
CostOfNonCancellableDataLicensingAgreements
|
2132000 | |
CY2019Q1 | rdvt |
Cost Of Non Cancellable Data Licensing Agreements
CostOfNonCancellableDataLicensingAgreements
|
1688000 | |
CY2020Q1 | us-gaap |
Contractual Obligation
ContractualObligation
|
12766000 | |
CY2020Q1 | us-gaap |
Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
|
5499000 | |
CY2020Q1 | us-gaap |
Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
|
5615000 | |
CY2020Q1 | us-gaap |
Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
|
1652000 | |
CY2020Q1 | us-gaap |
Contractual Obligation
ContractualObligation
|
12766000 |