2017 Q2 Form 10-Q Financial Statement

#000156459017016049 Filed on August 07, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q4
Revenue $119.4M $104.5M
YoY Change 30.04% 25.24%
Cost Of Revenue $29.56M $24.70M
YoY Change 32.18% 7.86%
Gross Profit $90.36M $79.85M
YoY Change 30.05% 31.82%
Gross Profit Margin 75.65% 76.41%
Selling, General & Admin $74.37M $69.00M
YoY Change 25.83% 34.5%
% of Gross Profit 82.3% 86.41%
Research & Development $18.62M $17.40M
YoY Change 11.48% 13.73%
% of Gross Profit 20.6% 21.79%
Depreciation & Amortization $3.800M $3.910M
YoY Change 6.44% 10.76%
% of Gross Profit 4.21% 4.9%
Operating Expenses $92.99M $86.40M
YoY Change 22.83% 29.92%
Operating Profit -$2.627M -$6.606M
YoY Change -58.33% 10.17%
Interest Expense $9.000K -$200.0K
YoY Change -104.5% 0.0%
% of Operating Profit
Other Income/Expense, Net $569.0K -$100.0K
YoY Change -147.42% -85.71%
Pretax Income -$2.058M -$6.900M
YoY Change -73.32% 0.0%
Income Tax $57.00K $100.0K
% Of Pretax Income
Net Earnings -$2.115M -$6.946M
YoY Change -72.78% 0.07%
Net Earnings / Revenue -1.77% -6.65%
Basic Earnings Per Share
Diluted Earnings Per Share -$27.67K -$93.24K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q2 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $167.0M $160.4M
YoY Change 12.99% 16.58%
Cash & Equivalents $167.0M $160.4M
Short-Term Investments
Other Short-Term Assets $5.258M $5.470M
YoY Change -63.99% -54.42%
Inventory $124.0K $63.00K
Prepaid Expenses $12.55M $9.780M
Receivables $33.30M $30.20M
Other Receivables $0.00 $0.00
Total Short-Term Assets $218.2M $205.9M
YoY Change 16.88% 20.42%
LONG-TERM ASSETS
Property, Plant & Equipment $36.61M $31.99M
YoY Change 25.82% 13.45%
Goodwill $9.393M $9.393M
YoY Change 0.0% 0.0%
Intangibles $1.763M $2.244M
YoY Change -36.01% -31.29%
Long-Term Investments
YoY Change
Other Assets $2.600M $3.087M
YoY Change -18.75% 4.72%
Total Long-Term Assets $50.39M $46.72M
YoY Change 13.22% 6.63%
TOTAL ASSETS
Total Short-Term Assets $218.2M $205.9M
Total Long-Term Assets $50.39M $46.72M
Total Assets $268.6M $252.6M
YoY Change 16.18% 17.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.600M $7.810M
YoY Change 180.0% 50.31%
Accrued Expenses $49.70M $48.32M
YoY Change 11.19% 39.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $14.53M
YoY Change -100.0% 287.41%
Total Short-Term Liabilities $108.6M $116.0M
YoY Change 17.03% 43.97%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $312.0K
YoY Change -100.0% -97.9%
Other Long-Term Liabilities $3.175M $3.199M
YoY Change -57.67% -40.93%
Total Long-Term Liabilities $3.175M $3.511M
YoY Change -84.51% -82.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $108.6M $116.0M
Total Long-Term Liabilities $3.175M $3.511M
Total Liabilities $114.9M $122.6M
YoY Change 1.41% 17.11%
SHAREHOLDERS EQUITY
Retained Earnings -$253.8M -$239.5M
YoY Change 13.94%
Common Stock $404.8M $366.8M
YoY Change 14.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $153.7M $164.2M
YoY Change
Total Liabilities & Shareholders Equity $268.6M $252.6M
YoY Change 16.18% 17.6%

Cashflow Statement

Concept 2017 Q2 2016 Q4
OPERATING ACTIVITIES
Net Income -$2.115M -$6.946M
YoY Change -72.78% 0.07%
Depreciation, Depletion And Amortization $3.800M $3.910M
YoY Change 6.44% 10.76%
Cash From Operating Activities $8.740M $7.270M
YoY Change -11.45% 152.43%
INVESTING ACTIVITIES
Capital Expenditures -$5.500M -$5.250M
YoY Change 20.61% 25.0%
Acquisitions
YoY Change
Other Investing Activities $530.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$4.970M -$5.250M
YoY Change 8.99% 179.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 13.87M 5.770M
YoY Change 312.8% -10.12%
NET CHANGE
Cash From Operating Activities 8.740M 7.270M
Cash From Investing Activities -4.970M -5.250M
Cash From Financing Activities 13.87M 5.770M
Net Change In Cash 17.64M 7.790M
YoY Change 103.46% 4.99%
FREE CASH FLOW
Cash From Operating Activities $8.740M $7.270M
Capital Expenditures -$5.500M -$5.250M
Free Cash Flow $14.24M $12.52M
YoY Change -1.32% 76.84%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2017Q2 us-gaap Goodwill
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CY2016Q4 us-gaap Goodwill
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us-gaap Technology Services Revenue
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CY2017Q2 us-gaap Commitments And Contingencies
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CY2016Q4 us-gaap Commitments And Contingencies
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CY2017Q2 us-gaap Liabilities
Liabilities
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CY2016Q4 us-gaap Common Stock Value
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CY2017Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2017Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2016Q4 us-gaap Liabilities And Stockholders Equity
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us-gaap Repayments Of Debt
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us-gaap Repayments Of Long Term Capital Lease Obligations
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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us-gaap Interest Paid
InterestPaid
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us-gaap Income Taxes Paid
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us-gaap Liabilities Assumed1
LiabilitiesAssumed1
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us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="margin-top:8pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Reclassification</p> <p style="margin-top:6pt;margin-bottom:0pt;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Cer<font style="color:#000000;">tain immaterial items previously reported have been reclassified to conform to the current year&#8217;s reporting presentation.</font></p></div>
us-gaap Use Of Estimates
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<div> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. The significant estimates made by management affect revenues, the allowance for doubtful accounts, goodwill, share-based compensation, capitalization of internally developed software, return reserves, provision for income taxes, uncertain tax positions, loss contingencies, sales tax liabilities, and accrued liabilities. Management periodically evaluates these estimates and will make adjustments prospectively based upon the results of such periodic evaluations. Actual results could differ from these estimates.</p></div>
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CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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us-gaap Allocated Share Based Compensation Expense
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11312000
CY2016Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11286000

Files In Submission

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