2016 Q3 Form 10-Q Financial Statement

#000119312516676800 Filed on August 09, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2016 Q2 2015 Q2
Revenue $40.34M $37.27M $25.79M
YoY Change 42.48% 44.51% 44.24%
Cost Of Revenue $10.04M $9.293M $6.727M
YoY Change 42.12% 38.14% 59.79%
Gross Profit $30.30M $27.98M $19.06M
YoY Change 42.6% 46.75% 39.45%
Gross Profit Margin 75.12% 75.06% 73.92%
Selling, General & Admin $28.89M $28.32M $19.51M
YoY Change 32.51% 45.21% 32.37%
% of Gross Profit 95.34% 101.25% 102.32%
Research & Development $11.62M $12.93M $8.131M
YoY Change 16.8% 59.05% 28.49%
% of Gross Profit 38.34% 46.23% 42.65%
Depreciation & Amortization $1.100M $1.100M $1.000M
YoY Change 0.0% 10.0% 11.11%
% of Gross Profit 3.63% 3.93% 5.25%
Operating Expenses $40.51M $41.26M $27.64M
YoY Change 27.59% 49.28% 31.21%
Operating Profit -$10.20M -$13.28M -$8.573M
YoY Change -2.8% 54.92% 15.96%
Interest Expense $44.00K $26.00K -$737.0K
YoY Change -104.12% -103.53% 4.84%
% of Operating Profit
Other Income/Expense, Net $36.00K -$48.00K $163.0K
YoY Change -173.47% -129.45% 3975.0%
Pretax Income -$10.12M -$13.30M -$9.147M
YoY Change -12.83% 45.44% 13.04%
Income Tax $70.00K $149.0K $97.00K
% Of Pretax Income
Net Earnings -$10.19M -$13.45M -$9.244M
YoY Change -13.79% 45.52% 12.91%
Net Earnings / Revenue -25.27% -36.1% -35.84%
Basic Earnings Per Share
Diluted Earnings Per Share -$245.8K -$328.5K -$237.1K
COMMON SHARES
Basic Shares Outstanding 42.07M shares 41.94M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q3 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $87.70M $84.80M $27.00M
YoY Change -29.27% 214.07%
Cash & Equivalents $87.72M $84.76M $27.00M
Short-Term Investments
Other Short-Term Assets $6.700M $7.200M $6.300M
YoY Change 59.52% 14.29%
Inventory
Prepaid Expenses
Receivables $38.30M $38.70M $26.40M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $132.7M $130.6M $59.66M
YoY Change -17.12% 118.91%
LONG-TERM ASSETS
Property, Plant & Equipment $8.009M $7.386M $7.607M
YoY Change 8.88% -2.91%
Goodwill $75.11M $75.05M $15.76M
YoY Change 373.97% 376.25%
Intangibles $2.767M
YoY Change
Long-Term Investments
YoY Change
Other Assets $800.0K $600.0K $700.0K
YoY Change 14.29% -14.29%
Total Long-Term Assets $93.33M $93.25M $26.81M
YoY Change 253.25% 247.77%
TOTAL ASSETS
Total Short-Term Assets $132.7M $130.6M $59.66M
Total Long-Term Assets $93.33M $93.25M $26.81M
Total Assets $226.0M $223.9M $86.47M
YoY Change 21.17% 158.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.675M $4.200M $2.990M
YoY Change -6.73% 40.47%
Accrued Expenses $22.23M $19.80M $12.77M
YoY Change 41.34% 55.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.976M
YoY Change
Total Short-Term Liabilities $130.9M $124.4M $86.76M
YoY Change 39.32% 43.39%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $13.17M
YoY Change -100.0%
Other Long-Term Liabilities $2.872M $2.939M $5.050M
YoY Change -33.29% -41.8%
Total Long-Term Liabilities $2.872M $2.939M $18.22M
YoY Change -33.29% -83.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $130.9M $124.4M $86.76M
Total Long-Term Liabilities $2.872M $2.939M $18.22M
Total Liabilities $178.4M $172.7M $136.5M
YoY Change 33.05% 26.57%
SHAREHOLDERS EQUITY
Retained Earnings -$379.6M -$369.4M -$293.2M
YoY Change 18.9% 25.96%
Common Stock $425.0K $421.0K $132.0K
YoY Change 7.87% 218.94%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.154M $4.154M $3.526M
YoY Change 17.81% 17.81%
Treasury Stock Shares 448.6K shares 448.6K shares 401.6K shares
Shareholders Equity $47.65M $51.15M -$296.6M
YoY Change
Total Liabilities & Shareholders Equity $226.0M $223.9M $86.47M
YoY Change 21.17% 158.87%

Cashflow Statement

Concept 2016 Q3 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income -$10.19M -$13.45M -$9.244M
YoY Change -13.79% 45.52% 12.91%
Depreciation, Depletion And Amortization $1.100M $1.100M $1.000M
YoY Change 0.0% 10.0% 11.11%
Cash From Operating Activities $1.790M $1.860M -$1.240M
YoY Change -21.15% -250.0% -45.61%
INVESTING ACTIVITIES
Capital Expenditures -$1.470M -$750.0K -$630.0K
YoY Change -10.37% 19.05% -28.41%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$3.340M
YoY Change -100.0%
Cash From Investing Activities -$1.470M -$750.0K -$3.970M
YoY Change -10.37% -81.11% 351.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.650M 210.0K -1.290M
YoY Change -97.25% -116.28% 67.53%
NET CHANGE
Cash From Operating Activities 1.790M 1.860M -1.240M
Cash From Investing Activities -1.470M -750.0K -3.970M
Cash From Financing Activities 2.650M 210.0K -1.290M
Net Change In Cash 2.970M 1.320M -6.500M
YoY Change -96.94% -120.31% 65.39%
FREE CASH FLOW
Cash From Operating Activities $1.790M $1.860M -$1.240M
Capital Expenditures -$1.470M -$750.0K -$630.0K
Free Cash Flow $3.260M $2.610M -$610.0K
YoY Change -16.62% -527.87% -56.43%

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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-29032000
us-gaap Operating Income Loss
OperatingIncomeLoss
-28900000
us-gaap Paid In Kind Interest
PaidInKindInterest
130000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-301000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
334000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
14405000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3760000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
291000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
271000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1842000
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
335368 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y6M
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
13.02
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y7M6D
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
10.10
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
68000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
4.53
dei Trading Symbol
TradingSymbol
RPD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
25274000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1431000
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
13120000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1138576 shares
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
44448000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
283413 shares
us-gaap Share Based Compensation
ShareBasedCompensation
9160000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
40805641 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y4M24D
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Segment
rpd Proceeds From Issuance Of Employee Stock Purchase Plan
ProceedsFromIssuanceOfEmployeeStockPurchasePlan
2096000
rpd Employee Stock Purchase Plan Purchase Price As Percentage Of Market Value
EmployeeStockPurchasePlanPurchasePriceAsPercentageOfMarketValue
0.85 pure
rpd Cost Of Revenue Product
CostOfRevenueProduct
5285000
rpd Product Revenue
ProductRevenue
41601000
CY2015Q2 us-gaap Related Party Transaction Rate
RelatedPartyTransactionRate
0.017 pure
CY2015Q2 rpd Related Party Transaction Maturity Period
RelatedPartyTransactionMaturityPeriod
P18M
CY2015Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
21169248 shares
CY2015Q2 us-gaap Cost Of Services Maintenance Costs
CostOfServicesMaintenanceCosts
1412000
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-2.59
CY2015Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
831000
CY2015Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5048000
CY2015Q2 us-gaap Depreciation
Depreciation
1000000
CY2015Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000
CY2015Q2 us-gaap Cost Of Services
CostOfServices
3976000
CY2015Q2 us-gaap Cost Of Revenue
CostOfRevenue
6727000
CY2015Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-737000
CY2015Q2 us-gaap Revenues
Revenues
25790000
CY2015Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
163000
CY2015Q2 us-gaap Gross Profit
GrossProfit
19063000
CY2015Q2 us-gaap Operating Expenses
OperatingExpenses
27636000
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
-9244000
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-9147000
CY2015Q2 us-gaap Maintenance Revenue
MaintenanceRevenue
6253000
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-33032000
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-8573000
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
97000
CY2015Q2 rpd Temporary Equity Increase Decrease To Redemption Value Adjustment
TemporaryEquityIncreaseDecreaseToRedemptionValueAdjustment
23788000
CY2015Q2 rpd Cost Of Revenue Product
CostOfRevenueProduct
1339000
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-13303000
CY2015Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
8131000
CY2015Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
4898000
CY2016Q2 us-gaap Maintenance Revenue
MaintenanceRevenue
8962000
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13452000
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-13281000
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
149000
CY2015Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
14457000
CY2015Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12745051 shares
CY2016Q2 us-gaap Gross Profit
GrossProfit
27975000
CY2016Q2 us-gaap Operating Expenses
OperatingExpenses
41256000
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
-13452000
CY2015Q2 rpd Product Revenue
ProductRevenue
14639000
CY2016Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6300712 shares
CY2016Q2 us-gaap Cost Of Services Maintenance Costs
CostOfServicesMaintenanceCosts
1758000
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.33
CY2016Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3641000
CY2016Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6644000
CY2016Q2 us-gaap Depreciation
Depreciation
1100000
CY2016Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000
CY2016Q2 us-gaap Cost Of Services
CostOfServices
4848000
CY2016Q2 us-gaap Cost Of Revenue
CostOfRevenue
9293000
CY2016Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
26000
CY2016Q2 us-gaap Revenues
Revenues
37268000
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-48000
CY2016Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
47003 shares
CY2016Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
12932000
CY2016Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
6850000
CY2016Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
21680000
CY2016Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
41063613 shares
CY2016Q2 rpd Cost Of Revenue Product
CostOfRevenueProduct
2687000
CY2016Q2 rpd Product Revenue
ProductRevenue
21456000

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