2021 Q3 Form 10-Q Financial Statement

#000120677421002699 Filed on November 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3 2020 Q2
Revenue $50.39M $41.61M $38.90M
YoY Change 21.1% -0.37% -8.23%
Cost Of Revenue $35.78M $30.11M $29.50M
YoY Change 18.81% -3.85% -8.81%
Gross Profit $14.61M $11.49M $9.409M
YoY Change 27.12% 10.04% -6.4%
Gross Profit Margin 29.0% 27.63% 24.19%
Selling, General & Admin $10.31M $8.416M $8.445M
YoY Change 22.53% 13.95% 4.34%
% of Gross Profit 70.58% 73.22% 89.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.141M $1.870M $1.872M
YoY Change 14.49% 11.31% 15.41%
% of Gross Profit 14.65% 16.27% 19.9%
Operating Expenses $11.03M $8.416M $8.445M
YoY Change 31.1% 13.95% 4.34%
Operating Profit $3.578M $3.078M $964.0K
YoY Change 16.24% 0.62% -50.77%
Interest Expense -$169.0K -$230.0K -$220.0K
YoY Change -26.52% -4.17% -8.33%
% of Operating Profit -4.72% -7.47% -22.82%
Other Income/Expense, Net -$250.0K -$317.0K -$243.0K
YoY Change -21.14% 6.73% -14.74%
Pretax Income $3.328M $2.761M $721.0K
YoY Change 20.54% -0.04% -56.9%
Income Tax $313.0K $737.0K -$77.00K
% Of Pretax Income 9.41% 26.69% -10.68%
Net Earnings $3.015M $2.024M $798.0K
YoY Change 48.96% -14.92% -53.55%
Net Earnings / Revenue 5.98% 4.86% 2.05%
Basic Earnings Per Share $0.40 $0.27 $0.11
Diluted Earnings Per Share $397.0K $0.27 $0.11
COMMON SHARES
Basic Shares Outstanding 7.482M shares 7.417M shares 7.394M shares
Diluted Shares Outstanding 7.595M shares 7.549M shares 7.514M shares

Balance Sheet

Concept 2021 Q3 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.551M $1.000M $400.0K
YoY Change 155.1% 11.11% -33.33%
Cash & Equivalents $2.551M $962.0K $366.0K
Short-Term Investments
Other Short-Term Assets $4.105M $2.400M $1.900M
YoY Change 71.04% 0.0% 11.76%
Inventory $10.21M $13.69M $14.19M
Prepaid Expenses
Receivables $36.46M $27.65M $27.85M
Other Receivables $448.0K $717.0K $894.0K
Total Short-Term Assets $53.77M $45.38M $45.25M
YoY Change 18.49% -1.99% -2.28%
LONG-TERM ASSETS
Property, Plant & Equipment $31.43M $21.48M $20.87M
YoY Change 46.34% -24.91% -22.41%
Goodwill $59.44M $41.77M $41.68M
YoY Change 42.3%
Intangibles $12.75M $6.737M $7.349M
YoY Change 89.3%
Long-Term Investments
YoY Change
Other Assets $919.0K $685.0K $733.0K
YoY Change 34.16% -14.38% 4.71%
Total Long-Term Assets $104.5M $80.68M $78.92M
YoY Change 29.57% 17.44% 17.09%
TOTAL ASSETS
Total Short-Term Assets $53.77M $45.38M $45.25M
Total Long-Term Assets $104.5M $80.68M $78.92M
Total Assets $158.3M $126.1M $124.2M
YoY Change 25.59% 9.62% 9.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.98M $11.06M $9.326M
YoY Change -0.65% -0.41% -29.35%
Accrued Expenses $8.455M $7.100M $6.600M
YoY Change 19.08% 12.7% -2.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.134M $2.024M $2.003M
YoY Change 5.43% 6.53% 5.42%
Total Short-Term Liabilities $21.57M $20.64M $17.92M
YoY Change 4.54% 6.37% -18.56%
LONG-TERM LIABILITIES
Long-Term Debt $40.92M $20.71M $26.52M
YoY Change 97.58% -8.77% 30.02%
Other Long-Term Liabilities $10.17M $3.345M $2.682M
YoY Change 203.92% -57.12% -66.48%
Total Long-Term Liabilities $51.08M $24.05M $29.21M
YoY Change 112.37% -21.13% 2.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.57M $20.64M $17.92M
Total Long-Term Liabilities $51.08M $24.05M $29.21M
Total Liabilities $77.57M $55.96M $56.71M
YoY Change 38.62% 6.99% 6.99%
SHAREHOLDERS EQUITY
Retained Earnings $48.62M $46.59M
YoY Change
Common Stock $22.17M $21.71M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $80.74M $70.10M $67.46M
YoY Change
Total Liabilities & Shareholders Equity $158.3M $126.1M $124.2M
YoY Change 25.59% 9.62% 9.2%

Cashflow Statement

Concept 2021 Q3 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income $3.015M $2.024M $798.0K
YoY Change 48.96% -14.92% -53.55%
Depreciation, Depletion And Amortization $2.141M $1.870M $1.872M
YoY Change 14.49% 11.31% 15.41%
Cash From Operating Activities $5.447M $8.440M $4.042M
YoY Change -35.46% 330.61% 362.47%
INVESTING ACTIVITIES
Capital Expenditures -$2.567M -$1.860M $1.261M
YoY Change 38.01% -28.46% -12.79%
Acquisitions
YoY Change
Other Investing Activities -$19.98M $0.00
YoY Change -100.0%
Cash From Investing Activities -$22.55M -$1.860M -$1.261M
YoY Change 1112.15% -47.46% -0.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $904.0K
YoY Change -7.47%
Debt Paid & Issued, Net $487.0K
YoY Change 4.28%
Cash From Financing Activities 19.12M -5.700M -$2.721M
YoY Change -435.47% -411.48% -817.94%
NET CHANGE
Cash From Operating Activities 5.447M 8.440M $4.042M
Cash From Investing Activities -22.55M -1.860M -$1.261M
Cash From Financing Activities 19.12M -5.700M -$2.721M
Net Change In Cash 2.023M 880.0K -$133.0K
YoY Change 129.89% 252.0% -20.36%
FREE CASH FLOW
Cash From Operating Activities $5.447M $8.440M $4.042M
Capital Expenditures -$2.567M -$1.860M $1.261M
Free Cash Flow $8.014M $10.30M $2.781M
YoY Change -22.19% 125.88% -586.19%

Facts In Submission

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84060000 USD
CY2021Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
3342000 USD
CY2021Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.45
CY2020Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.39
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.98
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.44
CY2021Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.44
CY2020Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.38
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.97
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.43

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