2024 Q3 Form 10-Q Financial Statement

#000198251824000005 Filed on November 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2023 Q3
Revenue $277.8M $197.6M
YoY Change 40.58% -4.27%
Cost Of Revenue $204.1M $140.5M
YoY Change 45.25% -4.58%
Gross Profit $73.70M $57.09M
YoY Change 29.09% -3.5%
Gross Profit Margin 26.52% 28.89%
Selling, General & Admin $34.14M $23.03M
YoY Change 48.21% 9.97%
% of Gross Profit 46.32% 40.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $419.0K $295.0K
YoY Change 42.03% 40.48%
% of Gross Profit 0.57% 0.52%
Operating Expenses $34.14M $23.03M
YoY Change 48.21% 9.97%
Operating Profit $39.56M $34.06M
YoY Change 16.15% -10.89%
Interest Expense -$218.0K -$173.0K
YoY Change 26.01% -212.34%
% of Operating Profit -0.55% -0.51%
Other Income/Expense, Net $245.0K $49.00K
YoY Change 400.0% -53.77%
Pretax Income $39.59M $33.93M
YoY Change 16.66% -11.81%
Income Tax $1.800M $0.00
% Of Pretax Income 4.55% 0.0%
Net Earnings $5.347M $33.93M
YoY Change -84.24% -11.81%
Net Earnings / Revenue 1.92% 17.17%
Basic Earnings Per Share $0.60
Diluted Earnings Per Share $0.58 $4.41
COMMON SHARES
Basic Shares Outstanding 8.846M shares
Diluted Shares Outstanding 51.53M shares

Balance Sheet

Concept 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.72M $10.44M
YoY Change 127.16%
Cash & Equivalents $23.72M $10.44M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $282.0M $220.7M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $305.7M $231.2M
YoY Change 32.25%
LONG-TERM ASSETS
Property, Plant & Equipment $3.569M $21.92M
YoY Change -83.72%
Goodwill $25.73M
YoY Change
Intangibles
YoY Change
Long-Term Investments $700.0K $46.71M
YoY Change -98.5%
Other Assets $10.69M $2.639M
YoY Change 305.19%
Total Long-Term Assets $154.3M $98.30M
YoY Change 56.99%
TOTAL ASSETS
Total Short-Term Assets $305.7M $231.2M
Total Long-Term Assets $154.3M $98.30M
Total Assets $460.1M $329.5M
YoY Change 39.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $23.51M $16.43M
YoY Change 43.08%
Accrued Expenses $33.27M $14.43M
YoY Change 130.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $56.77M $32.02M
YoY Change 77.32%
LONG-TERM LIABILITIES
Long-Term Debt $3.463M $76.00M
YoY Change -95.44%
Other Long-Term Liabilities $27.45M $33.67M
YoY Change -18.47%
Total Long-Term Liabilities $30.92M $109.7M
YoY Change -71.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $56.77M $32.02M
Total Long-Term Liabilities $30.92M $109.7M
Total Liabilities $87.69M $141.7M
YoY Change -38.11%
SHAREHOLDERS EQUITY
Retained Earnings $11.42M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $68.44M $187.8M
YoY Change
Total Liabilities & Shareholders Equity $460.1M $329.5M
YoY Change 39.63%

Cashflow Statement

Concept 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income $5.347M $33.93M
YoY Change -84.24% -11.81%
Depreciation, Depletion And Amortization $419.0K $295.0K
YoY Change 42.03% 40.48%
Cash From Operating Activities $22.89M $19.06M
YoY Change 20.11% -34.54%
INVESTING ACTIVITIES
Capital Expenditures $638.0K $618.0K
YoY Change 3.24% 320.41%
Acquisitions
YoY Change
Other Investing Activities $11.00K -$74.83M
YoY Change -100.01% -20162.47%
Cash From Investing Activities -$627.0K -$75.45M
YoY Change -99.17% -33485.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.84M 55.44M
YoY Change -128.58% -249.27%
NET CHANGE
Cash From Operating Activities 22.89M 19.06M
Cash From Investing Activities -627.0K -75.45M
Cash From Financing Activities -15.84M 55.44M
Net Change In Cash 6.418M -952.0K
YoY Change -774.16% -87.8%
FREE CASH FLOW
Cash From Operating Activities $22.89M $19.06M
Capital Expenditures $638.0K $618.0K
Free Cash Flow $22.25M $18.44M
YoY Change 20.68% -36.34%

Facts In Submission

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CY2024Q3 us-gaap Deferred Tax Assets Valuation Allowance
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CY2024Q3 us-gaap Deferred Tax Assets Investment In Subsidiaries
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CY2024Q3 us-gaap Deferred Tax Assets Valuation Allowance
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sdhc Amortization Period Of Income Tax Benefits
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CY2024Q3 us-gaap Deferred Income Tax Liabilities
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CY2024Q3 sdhc Deferred Tax Liabilities Additional Paid In Capital
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us-gaap Number Of Operating Segments
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CY2024Q3 us-gaap Dilutive Securities
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CY2024Q3 us-gaap Income Tax Reconciliation Minority Interest Income Expense
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CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q3 sdhc Incremental Common Shares Attributable To Dilutive Effect Noncontrolling Interest Conversion Of Common Stock
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