2018 Q4 Form 10-Q Financial Statement

#000156032718000140 Filed on November 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q1
Revenue $68.80M $62.37M $54.52M
YoY Change 19.24% 23.44% 20.49%
Cost Of Revenue $19.30M $17.81M $16.59M
YoY Change 12.21% 23.96% 35.31%
Gross Profit $49.50M $44.56M $37.92M
YoY Change 22.22% 23.24% 14.98%
Gross Profit Margin 71.95% 71.44% 69.56%
Selling, General & Admin $41.30M $38.75M $37.78M
YoY Change 5.9% 8.75% 17.86%
% of Gross Profit 83.43% 86.96% 99.64%
Research & Development $17.40M $17.11M $16.72M
YoY Change 26.09% 26.09% 46.77%
% of Gross Profit 35.15% 38.4% 44.1%
Depreciation & Amortization $3.360M $1.600M $2.399M
YoY Change 44.21% 33.33% 47.72%
% of Gross Profit 6.79% 3.59% 6.33%
Operating Expenses $60.30M $55.86M $54.51M
YoY Change 11.87% 13.54% 25.44%
Operating Profit -$10.80M -$11.30M -$16.59M
YoY Change -19.4% -13.35% 58.4%
Interest Expense -$1.800M $1.679M $2.000K
YoY Change -1000.0% 15163.64% -98.82%
% of Operating Profit
Other Income/Expense, Net $181.0K $78.00K
YoY Change -22.98% -167.83%
Pretax Income -$12.60M -$11.99M -$16.27M
YoY Change -4.55% -4.94% 56.16%
Income Tax $400.0K -$155.0K $95.00K
% Of Pretax Income
Net Earnings -$13.00M -$11.83M -$16.36M
YoY Change 0.0% 15.04% 55.15%
Net Earnings / Revenue -18.9% -18.97% -30.01%
Basic Earnings Per Share
Diluted Earnings Per Share -$274.3K -$251.6K -$362.8K
COMMON SHARES
Basic Shares Outstanding 47.32M shares 46.85M shares 46.01M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $258.8M $271.8M $129.3M
YoY Change 185.34% 223.96% 63.26%
Cash & Equivalents $99.57M $131.2M $99.65M
Short-Term Investments $159.2M $140.6M $29.60M
Other Short-Term Assets $22.00M $22.00M $20.80M
YoY Change 147.19% 152.87% 170.13%
Inventory
Prepaid Expenses
Receivables $74.90M $53.80M $38.70M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $355.8M $347.6M $188.8M
YoY Change 105.32% 145.94% 56.47%
LONG-TERM ASSETS
Property, Plant & Equipment $17.52M $11.86M $8.589M
YoY Change 104.02% 48.33% 7.23%
Goodwill $88.42M $83.16M $83.16M
YoY Change 6.32% -0.01% 10.72%
Intangibles $23.96M $16.02M $16.64M
YoY Change 43.96% -6.89%
Long-Term Investments $44.90M $39.30M $1.100M
YoY Change 3981.82% 3472.73% -93.45%
Other Assets $28.80M $24.10M $21.80M
YoY Change 1957.14% 3916.67% 3014.29%
Total Long-Term Assets $203.6M $174.4M $122.5M
YoY Change 83.65% 58.37% 12.3%
TOTAL ASSETS
Total Short-Term Assets $355.8M $347.6M $188.8M
Total Long-Term Assets $203.6M $174.4M $122.5M
Total Assets $559.4M $522.0M $311.3M
YoY Change 96.87% 107.59% 35.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.048M $2.766M $2.240M
YoY Change 214.64% -22.46% -35.91%
Accrued Expenses $37.38M $27.39M $29.73M
YoY Change 25.73% 15.4% 81.87%
Deferred Revenue $189.9M $159.4M $142.0M
YoY Change 21.85%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $235.0M $190.4M $166.2M
YoY Change 24.01% 17.67% 20.74%
LONG-TERM LIABILITIES
Long-Term Debt $174.7M $172.2M $0.00
YoY Change
Other Long-Term Liabilities $3.660M $2.607M $2.238M
YoY Change 102.32% 11.74% -29.78%
Total Long-Term Liabilities $3.660M $2.607M $2.238M
YoY Change 102.32% 11.74% -29.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $235.0M $190.4M $166.2M
Total Long-Term Liabilities $3.660M $2.607M $2.238M
Total Liabilities $472.1M $428.9M $261.3M
YoY Change 81.57% 95.22% 36.16%
SHAREHOLDERS EQUITY
Retained Earnings -$464.6M -$451.6M -$409.0M
YoY Change 6.82% 7.03% 2.26%
Common Stock $476.0K $473.0K $441.0K
YoY Change 7.94% 7.74% 3.04%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.764M $4.764M $4.764M
YoY Change 0.0% 2.56% 6.89%
Treasury Stock Shares 486.8K shares 486.8K shares 486.8K shares
Shareholders Equity $87.32M $93.10M $73.92M
YoY Change
Total Liabilities & Shareholders Equity $559.4M $522.0M $311.3M
YoY Change 96.87% 107.59% 35.5%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q1
OPERATING ACTIVITIES
Net Income -$13.00M -$11.83M -$16.36M
YoY Change 0.0% 15.04% 55.15%
Depreciation, Depletion And Amortization $3.360M $1.600M $2.399M
YoY Change 44.21% 33.33% 47.72%
Cash From Operating Activities $11.94M -$4.050M $7.296M
YoY Change 45.43% -170.56% 119.76%
INVESTING ACTIVITIES
Capital Expenditures -$5.170M -$3.850M $2.147M
YoY Change 198.84% 181.02% 60.82%
Acquisitions
YoY Change
Other Investing Activities -$38.29M -$161.8M $9.600M
YoY Change 739.69% 1418.2% -247.69%
Cash From Investing Activities -$43.45M -$165.7M $6.762M
YoY Change 591.88% 1278.45% -186.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $30.90M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 190.0K 199.8M $34.36M
YoY Change -69.35% 9413.33% 1528.53%
NET CHANGE
Cash From Operating Activities 11.94M -4.050M $7.296M
Cash From Investing Activities -43.45M -165.7M $6.762M
Cash From Financing Activities 190.0K 199.8M $34.36M
Net Change In Cash -31.32M 30.04M $48.42M
YoY Change -1328.24% -818.66% -2109.13%
FREE CASH FLOW
Cash From Operating Activities $11.94M -$4.050M $7.296M
Capital Expenditures -$5.170M -$3.850M $2.147M
Free Cash Flow $17.11M -$200.0K $5.149M
YoY Change 72.13% -102.81% 159.4%

Facts In Submission

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CY2017Q4 us-gaap Preferred Stock Shares Authorized
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P4Y
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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46139978 shares

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