2024 Q4 Form 10-Q Financial Statement

#000143774924032878 Filed on November 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $189.8M $170.5M
YoY Change 6.4% -7.74%
Cost Of Revenue $118.4M $100.4M
YoY Change 10.9% -10.48%
Gross Profit $71.45M $70.07M
YoY Change -0.3% -3.53%
Gross Profit Margin 37.64% 41.11%
Selling, General & Admin $45.66M $43.05M
YoY Change 5.52% -1.23%
% of Gross Profit 63.91% 61.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.061M
YoY Change -0.3%
% of Gross Profit 10.08%
Operating Expenses $62.98M $43.05M
YoY Change 37.43% -5.84%
Operating Profit $8.463M $27.03M
YoY Change -67.24% 0.4%
Interest Expense $5.575M -$977.0K
YoY Change 447.11% -176.57%
% of Operating Profit 65.87% -3.62%
Other Income/Expense, Net -$890.0K $28.00K
YoY Change 168.07% -103.31%
Pretax Income $1.998M $23.15M
YoY Change -91.84% -6.63%
Income Tax $710.0K $4.962M
% Of Pretax Income 35.54% 21.43%
Net Earnings $857.0K $18.20M
YoY Change -95.46% -3.28%
Net Earnings / Revenue 0.45% 10.67%
Basic Earnings Per Share $0.07 $1.54
Diluted Earnings Per Share $0.07 $1.53
COMMON SHARES
Basic Shares Outstanding 12.08M 11.85M
Diluted Shares Outstanding 12.03M 11.90M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $164.6M
YoY Change 29.77%
Cash & Equivalents $121.1M $164.6M
Short-Term Investments
Other Short-Term Assets $73.75M
YoY Change 10.37%
Inventory $104.0M $90.12M
Prepaid Expenses
Receivables $153.2M $118.7M
Other Receivables $0.00
Total Short-Term Assets $464.9M $447.1M
YoY Change 6.63% 6.45%
LONG-TERM ASSETS
Property, Plant & Equipment $137.6M $174.5M
YoY Change 3.78% 35.03%
Goodwill $586.7M $292.2M
YoY Change 109.29% 6.11%
Intangibles $207.5M $78.96M
YoY Change 150.83% -5.5%
Long-Term Investments
YoY Change
Other Assets $24.22M $45.10M
YoY Change -4.45% 88.3%
Total Long-Term Assets $1.018B $590.7M
YoY Change 78.89% 5.23%
TOTAL ASSETS
Total Short-Term Assets $464.9M $447.1M
Total Long-Term Assets $1.018B $590.7M
Total Assets $1.483B $1.038B
YoY Change 47.55% 5.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $73.39M $66.50M
YoY Change 14.88% 7.14%
Accrued Expenses $59.58M $52.89M
YoY Change 6.28% -11.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $138.2M $126.0M
YoY Change 5.83% -4.3%
LONG-TERM LIABILITIES
Long-Term Debt $534.3M $149.0M
YoY Change 259.41% 0.29%
Other Long-Term Liabilities $104.9M
YoY Change -1.6%
Total Long-Term Liabilities $662.1M $253.9M
YoY Change 160.73% -0.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $138.2M $126.0M
Total Long-Term Liabilities $662.1M $253.9M
Total Liabilities $800.3M $379.9M
YoY Change 108.14% -1.79%
SHAREHOLDERS EQUITY
Retained Earnings $1.098B $1.101B
YoY Change 3.76% 5.58%
Common Stock $41.98M $41.98M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $656.0M $658.0M
YoY Change
Total Liabilities & Shareholders Equity $1.483B $1.038B
YoY Change 47.55% 5.75%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $857.0K $18.20M
YoY Change -95.46% -3.28%
Depreciation, Depletion And Amortization $7.061M
YoY Change -0.3%
Cash From Operating Activities $17.57M
YoY Change 8.61%
INVESTING ACTIVITIES
Capital Expenditures $6.725M
YoY Change 55.03%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $411.0K
YoY Change
Cash From Investing Activities -$6.314M
YoY Change -81.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.273M
YoY Change -87.37%
NET CHANGE
Cash From Operating Activities 17.57M
Cash From Investing Activities -6.314M
Cash From Financing Activities -6.273M
Net Change In Cash 4.986M
YoY Change -107.24%
FREE CASH FLOW
Cash From Operating Activities $17.57M
Capital Expenditures $6.725M
Free Cash Flow $10.85M
YoY Change -8.39%

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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;"><b><em style="font: inherit;">15</em></b><b>)     Contingencies</b></p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;"><b> </b></p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">From time to time, the Company is subject to various claims and legal proceedings, including claims related to environmental remediation, either asserted or unasserted, that arise in the ordinary course of business. While the outcome of these proceedings and claims cannot be predicted with certainty, the Company’s management does <em style="font: inherit;">not</em> believe that the outcome of any of the currently existing legal matters will have a material impact on the Company’s consolidated financial position, results of operations or cash flow. The Company accrues for losses related to a claim or litigation when the Company’s management considers a potential loss probable and can reasonably estimate such potential loss.</p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"> </p>
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CY2023Q3 us-gaap Interest Expense
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23150000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
24795000 usd
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
1906000 usd
CY2024Q3 us-gaap Restructuring Charges
RestructuringCharges
1086000 usd
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
1906000 usd

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