2013 Q1 Form 10-Q Financial Statement
#000070738813000014 Filed on May 06, 2013
Income Statement
| Concept | 2013 Q1 | 2012 Q3 | 2012 Q1 |
|---|---|---|---|
| Revenue | $11.55M | $11.82M | $12.97M |
| YoY Change | -10.97% | -12.07% | -8.51% |
| Cost Of Revenue | $8.729M | $8.688M | $9.297M |
| YoY Change | -6.11% | -6.47% | -12.75% |
| Gross Profit | $2.817M | $3.129M | $3.672M |
| YoY Change | -23.28% | -24.6% | 4.35% |
| Gross Profit Margin | 24.4% | 26.48% | 28.31% |
| Selling, General & Admin | $3.338M | $3.092M | $3.980M |
| YoY Change | -16.13% | -9.67% | 12.81% |
| % of Gross Profit | 118.49% | 98.82% | 108.39% |
| Research & Development | $818.0K | $1.055M | $897.0K |
| YoY Change | -8.81% | 50.28% | 26.69% |
| % of Gross Profit | 29.04% | 33.72% | 24.43% |
| Depreciation & Amortization | $493.0K | $524.0K | $579.0K |
| YoY Change | -14.85% | -15.76% | -32.83% |
| % of Gross Profit | 17.5% | 16.75% | 15.77% |
| Operating Expenses | $5.226M | $4.196M | $4.954M |
| YoY Change | 5.49% | -0.14% | 18.92% |
| Operating Profit | -$2.409M | -$1.067M | -$1.282M |
| YoY Change | 87.91% | 1951.92% | 98.15% |
| Interest Expense | $0.00 | $2.000K | $0.00 |
| YoY Change | -98.18% | -100.0% | |
| % of Operating Profit | |||
| Other Income/Expense, Net | $22.00K | $26.00K | $14.00K |
| YoY Change | 57.14% | -82.78% | -94.62% |
| Pretax Income | -$2.387M | -$1.041M | -$1.270M |
| YoY Change | 87.95% | -1141.0% | 225.64% |
| Income Tax | $32.00K | -$135.0K | $0.00 |
| % Of Pretax Income | |||
| Net Earnings | -$2.419M | -$906.0K | -$1.268M |
| YoY Change | 90.77% | -1015.15% | 227.65% |
| Net Earnings / Revenue | -20.95% | -7.67% | -9.78% |
| Basic Earnings Per Share | -$0.13 | -$0.05 | |
| Diluted Earnings Per Share | -$0.13 | -$0.05 | -$661.5K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 19.32M shares | 19.26M shares | 19.24M shares |
| Diluted Shares Outstanding | 19.32M shares | 19.26M shares | 19.24M shares |
Balance Sheet
| Concept | 2013 Q1 | 2012 Q3 | 2012 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $25.80M | $27.20M | $29.10M |
| YoY Change | -11.34% | -13.92% | -4.9% |
| Cash & Equivalents | $15.54M | $18.34M | $23.79M |
| Short-Term Investments | $10.20M | $8.800M | $5.300M |
| Other Short-Term Assets | $792.0K | $722.0K | $956.0K |
| YoY Change | -17.15% | -27.8% | -31.71% |
| Inventory | $4.868M | $6.573M | $6.068M |
| Prepaid Expenses | |||
| Receivables | $5.818M | $6.864M | $7.167M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $37.49M | $41.57M | $43.50M |
| YoY Change | -13.82% | -8.83% | -4.82% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $4.557M | $5.148M | $5.115M |
| YoY Change | -10.91% | -11.24% | -20.08% |
| Goodwill | $184.0K | $184.0K | $184.0K |
| YoY Change | 0.0% | ||
| Intangibles | $518.0K | $293.0K | $399.0K |
| YoY Change | 29.82% | ||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $5.259M | $5.625M | $5.698M |
| YoY Change | -7.7% | -14.77% | -21.95% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $37.49M | $41.57M | $43.50M |
| Total Long-Term Assets | $5.259M | $5.625M | $5.698M |
| Total Assets | $42.74M | $47.20M | $49.20M |
| YoY Change | -13.11% | -9.58% | -7.18% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $1.898M | $1.906M | $1.784M |
| YoY Change | 6.39% | 12.12% | -25.67% |
| Accrued Expenses | $2.900M | $5.200M | $5.000M |
| YoY Change | -42.0% | 10.64% | 6.38% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $8.368M | $8.879M | $8.748M |
| YoY Change | -4.34% | 8.28% | -4.91% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $257.0K | $200.0K | $100.0K |
| YoY Change | 157.0% | 100.0% | 0.0% |
| Total Long-Term Liabilities | $257.0K | $200.0K | $100.0K |
| YoY Change | 157.0% | 100.0% | 0.0% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $8.368M | $8.879M | $8.748M |
| Total Long-Term Liabilities | $257.0K | $200.0K | $100.0K |
| Total Liabilities | $8.625M | $9.043M | $8.869M |
| YoY Change | -2.75% | 7.65% | -5.65% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$120.5M | -$116.3M | -$114.5M |
| YoY Change | 5.31% | ||
| Common Stock | $2.000K | $2.000K | $2.000K |
| YoY Change | 0.0% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $2.106M | $2.087M | $1.178M |
| YoY Change | 78.78% | ||
| Treasury Stock Shares | 1.082M shares | 643.7K shares | |
| Shareholders Equity | $34.12M | $38.15M | $40.33M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $42.74M | $47.20M | $49.20M |
| YoY Change | -13.11% | -9.58% | -7.18% |
Cashflow Statement
| Concept | 2013 Q1 | 2012 Q3 | 2012 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$2.419M | -$906.0K | -$1.268M |
| YoY Change | 90.77% | -1015.15% | 227.65% |
| Depreciation, Depletion And Amortization | $493.0K | $524.0K | $579.0K |
| YoY Change | -14.85% | -15.76% | -32.83% |
| Cash From Operating Activities | -$1.169M | -$480.0K | -$1.065M |
| YoY Change | 9.77% | -172.73% | -297.96% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $189.0K | -$480.0K | $187.0K |
| YoY Change | 1.07% | 152.63% | 81.55% |
| Acquisitions | $0.00 | ||
| YoY Change | |||
| Other Investing Activities | -$2.630M | $660.0K | $1.080M |
| YoY Change | -343.52% | 100.0% | 44.0% |
| Cash From Investing Activities | -$2.818M | $180.0K | $896.0K |
| YoY Change | -414.51% | 28.57% | 38.49% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | -$9.000K | $84.00K | |
| YoY Change | -110.71% | ||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | $9.000K | -390.0K | -$84.00K |
| YoY Change | -110.71% | -533.33% | 44.83% |
| NET CHANGE | |||
| Cash From Operating Activities | -$1.169M | -480.0K | -$1.065M |
| Cash From Investing Activities | -$2.818M | 180.0K | $896.0K |
| Cash From Financing Activities | $9.000K | -390.0K | -$84.00K |
| Net Change In Cash | -$3.978M | -690.0K | -$253.0K |
| YoY Change | 1472.33% | -177.53% | -122.45% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$1.169M | -$480.0K | -$1.065M |
| Capital Expenditures | $189.0K | -$480.0K | $187.0K |
| Free Cash Flow | -$1.358M | $0.00 | -$1.252M |
| YoY Change | 8.47% | -100.0% | -387.82% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2012Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1546000 | USD |
| CY2013Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1898000 | USD |
| CY2012Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
6329000 | USD |
| CY2013Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
5818000 | USD |
| CY2012Q1 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
-30000 | USD |
| CY2012Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
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| CY2013Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
156783000 | USD |
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Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
-46000 | USD |
| CY2013Q1 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
650000 | USD |
| CY2012Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
-21301000 | USD |
| CY2013Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
-21616000 | USD |
| CY2013Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-23000 | USD |
| CY2012Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
17000 | USD |
| CY2012Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
77000 | USD |
| CY2013Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
66000 | USD |
| CY2013Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
319000 | shares |
| CY2012Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
495000 | shares |
| CY2012Q4 | us-gaap |
Assets
Assets
|
44909000 | USD |
| CY2013Q1 | us-gaap |
Assets
Assets
|
42744000 | USD |
| CY2012Q4 | us-gaap |
Assets Current
AssetsCurrent
|
39448000 | USD |
| CY2013Q1 | us-gaap |
Assets Current
AssetsCurrent
|
37485000 | USD |
| CY2012Q4 | us-gaap |
Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
|
7679000 | USD |
| CY2013Q1 | us-gaap |
Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
|
10227000 | USD |
| CY2013Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
15536000 | USD |
| CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
19514000 | USD |
| CY2012Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
23786000 | USD |
| CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
24039000 | USD |
| CY2012Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-253000 | USD |
| CY2013Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
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Commitments And Contingencies
CommitmentsAndContingencies
|
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| CY2013Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2012Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
| CY2012Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
| CY2012Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
80000000 | shares |
| CY2012Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
80000000 | shares |
| CY2012Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
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| CY2012Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
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| CY2012Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
19144448 | shares |
| CY2012Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
2000 | USD |
| CY2013Q1 | us-gaap |
Common Stock Value
CommonStockValue
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2000 | USD |
| CY2013Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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-2459000 | USD |
| CY2012Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
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| CY2012Q1 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
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| CY2013Q1 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
8729000 | USD |
| CY2013Q1 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
1904000 | USD |
| CY2012Q1 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
2321000 | USD |
| CY2012Q1 | us-gaap |
Cost Of Services
CostOfServices
|
6976000 | USD |
| CY2013Q1 | us-gaap |
Cost Of Services
CostOfServices
|
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| CY2013Q1 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
1480000 | USD |
| CY2012Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
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1849000 | USD |
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Depreciation
Depreciation
|
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| CY2013Q1 | us-gaap |
Depreciation
Depreciation
|
427000 | USD |
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Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
579000 | USD |
| CY2013Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
493000 | USD |
| CY2013Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.13 | |
| CY2012Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.07 | |
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Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
2364000 | USD |
| CY2013Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
2616000 | USD |
| CY2012Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
17000 | USD |
| CY2013Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
0 | USD |
| CY2012Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2265000 | USD |
| CY2013Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2102000 | USD |
| CY2013Q1 | us-gaap |
Goodwill
Goodwill
|
184000 | USD |
| CY2012Q4 | us-gaap |
Goodwill
Goodwill
|
184000 | USD |
| CY2013Q1 | us-gaap |
Gross Profit
GrossProfit
|
2817000 | USD |
| CY2012Q1 | us-gaap |
Gross Profit
GrossProfit
|
3672000 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
352000 | USD |
| CY2012Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
454000 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-500000 | USD |
| CY2012Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
853000 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-369000 | USD |
| CY2012Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-133000 | USD |
| CY2012Q1 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
237000 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
252000 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-130000 | USD |
| CY2012Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-41000 | USD |
| CY2012Q1 | us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
-229000 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
-197000 | USD |
| CY2012Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
101000 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
89000 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
|
290000 | USD |
| CY2012Q1 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
0 | shares |
| CY2013Q1 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
0 | shares |
| CY2013Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
518000 | USD |
| CY2012Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
584000 | USD |
| CY2012Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
1861000 | USD |
| CY2013Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
2297000 | USD |
| CY2012Q4 | us-gaap |
Inventory Gross
InventoryGross
|
7544000 | USD |
| CY2013Q1 | us-gaap |
Inventory Gross
InventoryGross
|
7770000 | USD |
| CY2012Q4 | us-gaap |
Inventory Net
InventoryNet
|
4979000 | USD |
| CY2013Q1 | us-gaap |
Inventory Net
InventoryNet
|
4868000 | USD |
| CY2012Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
2522000 | USD |
| CY2013Q1 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
2690000 | USD |
| CY2013Q1 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
2902000 | USD |
| CY2012Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
26000 | USD |
| CY2013Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
22000 | USD |
| CY2012Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
2565000 | USD |
| CY2013Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
2783000 | USD |
| CY2012Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
3161000 | USD |
| CY2012Q4 | us-gaap |
Liabilities
Liabilities
|
8460000 | USD |
| CY2013Q1 | us-gaap |
Liabilities
Liabilities
|
8625000 | USD |
| CY2012Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
44909000 | USD |
| CY2013Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
42744000 | USD |
| CY2012Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
8284000 | USD |
| CY2013Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
8368000 | USD |
| CY2013Q1 | us-gaap |
Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
|
385000 | USD |
| CY2012Q4 | us-gaap |
Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
|
385000 | USD |
| CY2013Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">The Company</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Digirad Corporation (“Digirad"), a Delaware corporation, is one of the largest national providers of in-office nuclear cardiology imaging and ultrasound services to physician practices, hospitals and imaging centers through our Digirad Imaging Solutions (“DIS”) segment. Through DIS, we provide in-office imaging services to physicians, offering certified personnel, required licensure, an imaging system and other support and supplies for the performance of nuclear and ultrasound imaging procedures under the supervision of our physician customers. DIS' physician customers enter into service contracts for imaging services generally delivered on a per-day basis. We also sell medical diagnostic imaging systems including solid-state gamma cameras for nuclear cardiology and general nuclear medicine applications, as well as provide service on the products we sell through our Diagnostic Imaging segment. These </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">two</font><font style="font-family:inherit;font-size:10pt;"> reportable segments, DIS and Diagnostic Imaging, are collectively referred to herein as the “Company”. </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying condensed consolidated financial statements include the operations of both segments. Intercompany accounts and transactions are accounted for at cost and have been eliminated in consolidation. All our long-lived assets are located in the United States and substantially all of our revenues arise from sales activity in the United States. </font></div><div style="line-height:120%;padding-top:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Basis of Presentation</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The unaudited condensed consolidated financial statements included in this Form 10-Q have been prepared in accordance with the U.S. Securities and Exchange Commission (“SEC”) instructions for Quarterly Reports on Form 10-Q. Accordingly, the condensed consolidated financial statements are unaudited and do not contain all the information required by U.S. generally accepted accounting principles (“GAAP”) to be included in a full set of financial statements. The unaudited condensed consolidated balance sheet at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2012</font><font style="font-family:inherit;font-size:10pt;"> has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by GAAP for a complete set of financial statements. The audited consolidated financial statements for our fiscal year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2012</font><font style="font-family:inherit;font-size:10pt;">, filed with the SEC on Form 10-K on March 13, 2013 include a summary of our significant accounting policies and should be read in conjunction with this Form 10-Q. In the opinion of management, all material adjustments necessary to present fairly the results of operations, cash flows and balance sheets for such periods have been included in this Form 10-Q. All such adjustments are of a normal recurring nature. The results of operations for interim periods are not necessarily indicative of the results of operations for the entire year.</font></div></div> | |
| CY2012Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-84000 | USD |
| CY2013Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
9000 | USD |
| CY2012Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
896000 | USD |
| CY2013Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2818000 | USD |
| CY2012Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1065000 | USD |
| CY2013Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1169000 | USD |
| CY2013Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2419000 | USD |
| CY2012Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1268000 | USD |
| CY2012Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
14000 | USD |
| CY2013Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-10000 | USD |
| CY2013Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
| CY2012Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
4954000 | USD |
| CY2013Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
5226000 | USD |
| CY2012Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1282000 | USD |
| CY2013Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2409000 | USD |
| CY2012Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
2199000 | USD |
| CY2013Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
2130000 | USD |
| CY2013Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
792000 | USD |
| CY2012Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
703000 | USD |
| CY2012Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
3000 | USD |
| CY2013Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-40000 | USD |
| CY2012Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
3000 | USD |
| CY2013Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-40000 | USD |
| CY2013Q1 | us-gaap |
Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
|
4679000 | USD |
| CY2012Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
176000 | USD |
| CY2013Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
257000 | USD |
| CY2012Q1 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
-12000 | USD |
| CY2013Q1 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
-32000 | USD |
| CY2013Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
20000 | USD |
| CY2012Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
118000 | USD |
| CY2012Q1 | us-gaap |
Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
|
0 | USD |
| CY2013Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
189000 | USD |
| CY2012Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
187000 | USD |
| CY2012Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
| CY2012Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
| CY2012Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
| CY2012Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
| CY2012Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2012Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2012Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2012Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2013Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
| CY2012Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
| CY2013Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
29000 | USD |
| CY2012Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
34000 | USD |
| CY2013Q1 | us-gaap |
Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
2050000 | USD |
| CY2012Q1 | us-gaap |
Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
1059000 | USD |
| CY2012Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
24000 | USD |
| CY2013Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
0 | USD |
| CY2013Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
244000 | USD |
| CY2012Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
326000 | USD |
| CY2012Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
25994000 | USD |
| CY2013Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
26173000 | USD |
| CY2012Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
4693000 | USD |
| CY2013Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
4557000 | USD |
| CY2012Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
6000 | USD |
| CY2013Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
11000 | USD |
| CY2012Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
897000 | USD |
| CY2013Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
818000 | USD |
| CY2013Q1 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
244000 | USD |
| CY2012Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
244000 | USD |
| CY2012Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
0 | USD |
| CY2013Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
1004000 | USD |
| CY2012Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
0 | USD |
| CY2013Q1 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
714000 | USD |
| CY2013Q1 | us-gaap |
Restructuring Reserve Current
RestructuringReserveCurrent
|
714000 | USD |
| CY2013Q1 | us-gaap |
Restructuring Reserve Period Increase Decrease
RestructuringReservePeriodIncreaseDecrease
|
1004000 | USD |
| CY2012Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-118118000 | USD |
| CY2013Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-120537000 | USD |
| CY2013Q1 | us-gaap |
Revenues
Revenues
|
11546000 | USD |
| CY2012Q1 | us-gaap |
Revenues
Revenues
|
12969000 | USD |
| CY2012Q1 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
3680000 | USD |
| CY2013Q1 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
2607000 | USD |
| CY2012Q1 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
9289000 | USD |
| CY2013Q1 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
8939000 | USD |
| CY2012Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
19242000 | shares |
| CY2013Q1 | digirad |
Other Accrued Restructuring Charges
OtherAccruedRestructuringCharges
|
64000 | USD |
| CY2012Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
1715000 | USD |
| CY2013Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
1236000 | USD |
| CY2012Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
189000 | USD |
| CY2013Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
121000 | USD |
| CY2013Q1 | us-gaap |
Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
|
12000000 | USD |
| CY2013Q1 | us-gaap |
Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
|
7000000 | USD |
| CY2012Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
36449000 | USD |
| CY2013Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
34119000 | USD |
| CY2012Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
1073641 | shares |
| CY2012Q3 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
1081641 | shares |
| CY2012Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
2086000 | USD |
| CY2013Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
2106000 | USD |
| CY2012Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
1500000 | USD |
| CY2013Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
19322000 | shares |
| CY2012Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
19242000 | shares |
| CY2013Q1 | digirad |
Restructuring And Related Cost Expected Cost Employee Related
RestructuringAndRelatedCostExpectedCostEmployeeRelated
|
1700000 | USD |
| CY2013Q1 | digirad |
Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
|
0 | shares |
| CY2012Q1 | digirad |
Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
|
0 | shares |
| CY2012Q4 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
1200000 | USD |
| CY2012Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
19242000 | shares |
| CY2013Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
19322000 | shares |
| CY2013Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
19322000 | shares |
| CY2013Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2013Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
| CY2013Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
| CY2013Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2013 | |
| CY2013Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2013-03-31 | |
| CY2013Q1 | dei |
Document Type
DocumentType
|
10-Q | |
| CY2013Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000707388 | |
| CY2013Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
19243079 | shares |
| CY2013Q1 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
| CY2013Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
| CY2013Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
DIGIRAD CORP | |
| CY2013Q1 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
| CY2013Q1 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No |
