2019 Form 10-K Financial Statement
#000149315220002216 Filed on February 13, 2020
Income Statement
| Concept | 2019 | 2018 | 2017 Q3 |
|---|---|---|---|
| Revenue | $181.1M | $165.7M | $39.21M |
| YoY Change | 9.29% | 14.35% | 18.67% |
| Cost Of Revenue | $74.80M | $67.50M | $16.36M |
| YoY Change | 10.81% | 11.02% | -9.11% |
| Gross Profit | $106.3M | $98.30M | $22.85M |
| YoY Change | 8.14% | 16.88% | 52.03% |
| Gross Profit Margin | 58.7% | 59.32% | 58.28% |
| Selling, General & Admin | $59.90M | $53.80M | $13.21M |
| YoY Change | 11.34% | 14.96% | -69.25% |
| % of Gross Profit | 56.35% | 54.73% | 57.81% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $9.070M | $7.720M | $1.980M |
| YoY Change | 17.49% | 11.56% | 6.45% |
| % of Gross Profit | 8.53% | 7.85% | 8.67% |
| Operating Expenses | $69.00M | $61.50M | $15.19M |
| YoY Change | 12.2% | 14.53% | 67.29% |
| Operating Profit | $34.70M | $27.56M | $1.436M |
| YoY Change | 25.9% | -9.34% | 86.74% |
| Interest Expense | -$9.900M | -$9.700M | -$2.550M |
| YoY Change | 2.06% | 14.12% | 31.44% |
| % of Operating Profit | -28.53% | -35.19% | -177.58% |
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $24.20M | $17.80M | -$1.120M |
| YoY Change | 35.96% | 21.92% | -4.27% |
| Income Tax | $3.700M | $5.700M | $1.110M |
| % Of Pretax Income | 15.29% | 32.02% | |
| Net Earnings | $20.30M | $20.90M | -$2.239M |
| YoY Change | -2.87% | 151.81% | -540.75% |
| Net Earnings / Revenue | 11.21% | 12.61% | -5.71% |
| Basic Earnings Per Share | -$0.23 | ||
| Diluted Earnings Per Share | $2.093M | $2.155M | -$0.23 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 9.719M shares | ||
| Diluted Shares Outstanding | 9.719M shares |
Balance Sheet
| Concept | 2019 | 2018 | 2017 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $14.10M | $17.70M | $9.900M |
| YoY Change | -20.34% | 78.79% | -12.39% |
| Cash & Equivalents | $14.10M | $17.70M | $9.900M |
| Short-Term Investments | |||
| Other Short-Term Assets | $10.80M | $9.400M | $11.00M |
| YoY Change | 14.89% | -14.55% | -5.98% |
| Inventory | $2.600M | $2.400M | $2.100M |
| Prepaid Expenses | |||
| Receivables | $7.300M | $3.200M | |
| Other Receivables | $0.00 | $0.00 | |
| Total Short-Term Assets | $35.90M | $36.80M | $26.20M |
| YoY Change | -2.45% | 40.46% | -10.88% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $184.0M | $172.4M | $148.4M |
| YoY Change | 6.73% | 16.17% | 5.17% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $1.100M | $2.500M | $1.900M |
| YoY Change | -56.0% | 31.58% | -13.64% |
| Total Long-Term Assets | $318.9M | $292.9M | $273.7M |
| YoY Change | 8.88% | 7.01% | 10.94% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $35.90M | $36.80M | $26.20M |
| Total Long-Term Assets | $318.9M | $292.9M | $273.7M |
| Total Assets | $354.8M | $329.7M | $299.9M |
| YoY Change | 7.61% | 9.94% | 8.61% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $3.800M | $2.800M | $2.100M |
| YoY Change | 35.71% | 33.33% | 23.53% |
| Accrued Expenses | $14.40M | $11.80M | $10.50M |
| YoY Change | 22.03% | 12.38% | -31.82% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $15.80M | $19.00M | $17.40M |
| YoY Change | -16.84% | 9.2% | 74.0% |
| Total Short-Term Liabilities | $34.20M | $33.80M | $31.10M |
| YoY Change | 1.18% | 8.68% | 15.19% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $127.8M | $121.6M | $106.9M |
| YoY Change | 5.1% | 13.75% | 11.47% |
| Other Long-Term Liabilities | $1.700M | $1.400M | $1.100M |
| YoY Change | 21.43% | 27.27% | 120.0% |
| Total Long-Term Liabilities | $129.5M | $123.0M | $108.0M |
| YoY Change | 5.28% | 13.89% | 12.03% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $34.20M | $33.80M | $31.10M |
| Total Long-Term Liabilities | $129.5M | $123.0M | $108.0M |
| Total Liabilities | $185.2M | $176.3M | $167.1M |
| YoY Change | 5.05% | 5.51% | 11.92% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $169.6M | $153.4M | $132.7M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $354.8M | $329.7M | $299.9M |
| YoY Change | 7.61% | 9.94% | 8.62% |
Cashflow Statement
| Concept | 2019 | 2018 | 2017 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $20.30M | $20.90M | -$2.239M |
| YoY Change | -2.87% | 151.81% | -540.75% |
| Depreciation, Depletion And Amortization | $9.070M | $7.720M | $1.980M |
| YoY Change | 17.49% | 11.56% | 6.45% |
| Cash From Operating Activities | $37.17M | $25.77M | $3.190M |
| YoY Change | 44.24% | 22.19% | -29.58% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$20.71M | -$25.26M | -$2.200M |
| YoY Change | -18.01% | 124.53% | -79.19% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$6.440M | -$1.080M | $20.00K |
| YoY Change | 496.3% | -85.16% | -99.42% |
| Cash From Investing Activities | -$27.15M | -$26.34M | -$2.170M |
| YoY Change | 3.08% | 42.22% | -69.65% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -13.66M | 8.370M | -1.920M |
| YoY Change | -263.2% | -310.3% | -155.01% |
| NET CHANGE | |||
| Cash From Operating Activities | 37.17M | 25.77M | 3.190M |
| Cash From Investing Activities | -27.15M | -26.34M | -2.170M |
| Cash From Financing Activities | -13.66M | 8.370M | -1.920M |
| Net Change In Cash | -3.640M | 7.800M | -900.0K |
| YoY Change | -146.67% | -653.19% | -203.45% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $37.17M | $25.77M | $3.190M |
| Capital Expenditures | -$20.71M | -$25.26M | -$2.200M |
| Free Cash Flow | $57.88M | $51.03M | $5.390M |
| YoY Change | 13.42% | 57.79% | -64.3% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2019Q3 | us-gaap |
Assets
Assets
|
353637000 | USD |
| CY2018Q3 | us-gaap |
Assets
Assets
|
329732000 | USD |
| CY2017Q3 | us-gaap |
Assets
Assets
|
299884000 | USD |
| CY2018Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
6344000 | USD |
| CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
6735000 | USD |
| CY2019Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
5638000 | USD |
| CY2019 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
34701000 | USD |
| CY2018 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
27562000 | USD |
| CY2019Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
2429000 | USD |
| CY2018Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
11132000 | USD |
| CY2019Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
11166000 | USD |
| CY2019Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
9974000 | USD |
| CY2017Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.23 | |
| CY2017Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.39 | |
| CY2017Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.40 | |
| CY2016Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.30 | |
| CY2017Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.23 | |
| CY2017Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.39 | |
| CY2017Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.40 | |
| CY2016Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.30 | |
| CY2017 | us-gaap |
Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
|
5000 | USD |
| CY2019 | us-gaap |
Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
|
USD | |
| CY2018 | us-gaap |
Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
|
USD | |
| CY2018Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.36 | |
| CY2018Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.55 | |
| CY2018Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.48 | |
| CY2019Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.05 | |
| CY2018Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.65 | |
| CY2017Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
1.47 | |
| CY2019Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.70 | |
| CY2019Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.59 |
