2017 Q3 Form 10-K Financial Statement
#000149315218002134 Filed on February 14, 2018
Income Statement
| Concept | 2017 Q3 | 2015 Q3 | 2015 Q2 |
|---|---|---|---|
| Revenue | $39.21M | $35.01M | $33.47M |
| YoY Change | 18.67% | 4.39% | 0.37% |
| Cost Of Revenue | $16.36M | $18.20M | $5.033M |
| YoY Change | -9.11% | 12.0% | 17.18% |
| Gross Profit | $22.85M | $14.59M | $28.43M |
| YoY Change | 52.03% | -50.03% | -2.12% |
| Gross Profit Margin | 58.28% | 41.67% | 84.96% |
| Selling, General & Admin | $13.21M | $43.24M | $9.060M |
| YoY Change | -69.25% | -19.4% | |
| % of Gross Profit | 57.81% | 296.37% | 31.86% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $1.980M | $1.600M | $1.920M |
| YoY Change | 6.45% | -14.89% | 25.49% |
| % of Gross Profit | 8.67% | 10.97% | 6.75% |
| Operating Expenses | $15.19M | $9.420M | $19.31M |
| YoY Change | 67.29% | 129.2% | -36.57% |
| Operating Profit | $1.436M | $3.051M | $14.15M |
| YoY Change | 86.74% | 4.85% | 389.35% |
| Interest Expense | -$2.550M | -$1.960M | -$1.630M |
| YoY Change | 31.44% | 13.95% | -20.87% |
| % of Operating Profit | -177.58% | -64.24% | -11.52% |
| Other Income/Expense, Net | $1.735M | ||
| YoY Change | |||
| Pretax Income | -$1.120M | $740.0K | $12.52M |
| YoY Change | -4.27% | -89.17% | 1405.05% |
| Income Tax | $1.110M | $90.00K | $4.442M |
| % Of Pretax Income | 12.16% | 35.47% | |
| Net Earnings | -$2.239M | $428.0K | $8.267M |
| YoY Change | -540.75% | -90.32% | 1096.38% |
| Net Earnings / Revenue | -5.71% | 1.22% | 24.7% |
| Basic Earnings Per Share | -$0.23 | $0.05 | $0.81 |
| Diluted Earnings Per Share | -$0.23 | $0.05 | $0.78 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 9.719M shares | 10.36M shares | 10.25M shares |
| Diluted Shares Outstanding | 9.719M shares | 10.36M shares | 10.71M shares |
Balance Sheet
| Concept | 2017 Q3 | 2015 Q3 | 2015 Q2 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $9.900M | $8.600M | $15.30M |
| YoY Change | -12.39% | -18.56% | 30.77% |
| Cash & Equivalents | $9.900M | $8.020M | $14.73M |
| Short-Term Investments | $600.0K | $600.0K | |
| Other Short-Term Assets | $11.00M | $3.800M | $7.000M |
| YoY Change | -5.98% | -58.7% | -38.6% |
| Inventory | $2.100M | $2.368M | $2.517M |
| Prepaid Expenses | |||
| Receivables | $3.200M | $1.578M | $1.439M |
| Other Receivables | $0.00 | $0.00 | $900.0K |
| Total Short-Term Assets | $26.20M | $17.17M | $27.05M |
| YoY Change | -10.88% | -26.49% | -0.19% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $148.4M | $134.2M | $121.2M |
| YoY Change | 5.17% | 17.71% | 7.5% |
| Goodwill | $52.64M | $47.32M | |
| YoY Change | 21.37% | 7.57% | |
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $1.900M | $2.224M | $2.700M |
| YoY Change | -13.64% | -41.66% | -30.03% |
| Total Long-Term Assets | $273.7M | $249.9M | $238.0M |
| YoY Change | 10.94% | 15.79% | 9.85% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $26.20M | $17.17M | $27.05M |
| Total Long-Term Assets | $273.7M | $249.9M | $238.0M |
| Total Assets | $299.9M | $267.0M | $265.0M |
| YoY Change | 8.61% | 11.66% | 8.74% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $2.100M | $2.164M | $2.800M |
| YoY Change | 23.53% | -1.55% | 88.55% |
| Accrued Expenses | $10.50M | $9.626M | $13.60M |
| YoY Change | -31.82% | 4.69% | 84.83% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $17.40M | $9.700M | $11.40M |
| YoY Change | 74.0% | -21.23% | -12.84% |
| Total Short-Term Liabilities | $31.10M | $22.85M | $28.80M |
| YoY Change | 15.19% | -41.69% | -22.79% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $106.9M | $84.88M | $73.00M |
| YoY Change | 11.47% | 46.25% | 5.34% |
| Other Long-Term Liabilities | $1.100M | $2.723M | $4.600M |
| YoY Change | 120.0% | 194.7% | 360.0% |
| Total Long-Term Liabilities | $108.0M | $87.60M | $77.60M |
| YoY Change | 12.03% | 48.58% | 10.38% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $31.10M | $22.85M | $28.80M |
| Total Long-Term Liabilities | $108.0M | $87.60M | $77.60M |
| Total Liabilities | $167.1M | $138.5M | $142.1M |
| YoY Change | 11.92% | 10.09% | 3.2% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $52.68M | ||
| YoY Change | 21.47% | ||
| Common Stock | $69.83M | ||
| YoY Change | 4.5% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $132.7M | $122.6M | $122.9M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $299.9M | $267.0M | $265.0M |
| YoY Change | 8.62% | 11.66% | 8.74% |
Cashflow Statement
| Concept | 2017 Q3 | 2015 Q3 | 2015 Q2 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$2.239M | $428.0K | $8.267M |
| YoY Change | -540.75% | -90.32% | 1096.38% |
| Depreciation, Depletion And Amortization | $1.980M | $1.600M | $1.920M |
| YoY Change | 6.45% | -14.89% | 25.49% |
| Cash From Operating Activities | $3.190M | -$1.920M | $5.160M |
| YoY Change | -29.58% | -128.92% | 134.55% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$2.200M | -$15.29M | -$1.100M |
| YoY Change | -79.19% | 263.18% | -69.7% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $20.00K | -$110.0K | -$980.0K |
| YoY Change | -99.42% | -150.0% | -545.45% |
| Cash From Investing Activities | -$2.170M | -$15.41M | -$2.070M |
| YoY Change | -69.65% | 285.25% | -39.12% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -1.920M | 10.61M | -2.020M |
| YoY Change | -155.01% | -380.69% | -406.06% |
| NET CHANGE | |||
| Cash From Operating Activities | 3.190M | -1.920M | 5.160M |
| Cash From Investing Activities | -2.170M | -15.41M | -2.070M |
| Cash From Financing Activities | -1.920M | 10.61M | -2.020M |
| Net Change In Cash | -900.0K | -6.720M | 1.070M |
| YoY Change | -203.45% | 489.47% | -298.15% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $3.190M | -$1.920M | $5.160M |
| Capital Expenditures | -$2.200M | -$15.29M | -$1.100M |
| Free Cash Flow | $5.390M | $13.37M | $6.260M |
| YoY Change | -64.3% | 23.23% | 7.38% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2017Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
9719000 | shares |
| CY2017Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.23 | |
| CY2017Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.23 | |
| CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3759000 | USD |
| CY2016Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2898000 | USD |
| CY2017Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3841000 | USD |
| CY2017Q3 | us-gaap |
Revenues
Revenues
|
39210000 | USD |
| CY2017Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1436000 | USD |
| CY2017Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
7487000 | USD |
| CY2016Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
6333000 | USD |
| CY2017Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
7883000 | USD |
| CY2017 | us-gaap |
Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
|
5000 | USD |
| CY2015 | us-gaap |
Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
|
29000 | USD |
| CY2016 | us-gaap |
Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
|
153000 | USD |
| CY2017 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
shares | |
| CY2015 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
shares | |
| CY2016 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
60 | shares |
| CY2017 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
12 | shares |
| CY2015 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
47 | shares |
| CY2016 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
228 | shares |
| CY2017Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
9719000 | shares |
| CY2016Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
5505000 | USD |
| CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
508000 | USD |
| CY2016Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2653000 | USD |
| CY2015Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8267000 | USD |
| CY2015Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
428000 | USD |
| CY2017Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2239000 | USD |
| CY2015Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2552000 | USD |
| CY2014Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3360000 | USD |
| CY2015Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2841000 | USD |
| CY2016Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
7550000 | USD |
| CY2016Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
769000 | USD |
| CY2016Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
6657000 | USD |
| CY2015Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
14152000 | USD |
| CY2015Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
3051000 | USD |
| CY2015Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
5717000 | USD |
| CY2014Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
6140000 | USD |
| CY2015Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2616000 | USD |
