2018 Q1 Form 10-Q Financial Statement

#000113754718000018 Filed on May 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $8.803M $7.633M
YoY Change 15.33% 9.89%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $330.0K $320.0K
YoY Change 3.13% -11.11%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $477.0K $405.0K
YoY Change 17.78% 20.9%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $4.438M $2.926M
YoY Change 51.67% 1.11%
Income Tax $1.280M $1.155M
% Of Pretax Income 28.84% 39.47%
Net Earnings $3.158M $1.771M
YoY Change 78.32% 0.11%
Net Earnings / Revenue 35.87% 23.2%
Basic Earnings Per Share $0.19 $0.10
Diluted Earnings Per Share $0.19 $0.10
COMMON SHARES
Basic Shares Outstanding 16.89M shares 16.71M shares
Diluted Shares Outstanding 16.92M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $165.3M $133.1M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $10.10M $10.80M
YoY Change -6.48% 0.93%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.600M $1.200M
YoY Change 33.33% 20.0%
Other Assets $2.400M $3.400M
YoY Change -29.41% -33.33%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $854.8M $784.1M
YoY Change 9.02% 5.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.000M $5.900M
YoY Change 18.64% 15.69%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.000M $5.900M
YoY Change 18.64% 15.69%
LONG-TERM LIABILITIES
Long-Term Debt $9.600M $9.200M
YoY Change 4.35% 16.46%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $9.600M $9.200M
YoY Change 4.35% 16.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.000M $5.900M
Total Long-Term Liabilities $9.600M $9.200M
Total Liabilities $751.3M $685.6M
YoY Change 9.58% 5.42%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $103.5M $98.50M
YoY Change
Total Liabilities & Shareholders Equity $854.8M $784.1M
YoY Change 9.02% 5.7%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $3.158M $1.771M
YoY Change 78.32% 0.11%
Depreciation, Depletion And Amortization $330.0K $320.0K
YoY Change 3.13% -11.11%
Cash From Operating Activities $2.639M $2.430M
YoY Change 8.6% -1116.74%
INVESTING ACTIVITIES
Capital Expenditures -$300.0K -$680.0K
YoY Change -55.88% 195.65%
Acquisitions
YoY Change
Other Investing Activities $8.150M $24.43M
YoY Change -66.64% -259.46%
Cash From Investing Activities $7.851M $23.75M
YoY Change -66.95% -252.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $46.92M -$6.082M
YoY Change -871.51% -139.18%
NET CHANGE
Cash From Operating Activities $2.639M $2.430M
Cash From Investing Activities $7.851M $23.75M
Cash From Financing Activities $46.92M -$6.082M
Net Change In Cash $57.41M $20.10M
YoY Change 185.64% -7771.76%
FREE CASH FLOW
Cash From Operating Activities $2.639M $2.430M
Capital Expenditures -$300.0K -$680.0K
Free Cash Flow $2.939M $3.110M
YoY Change -5.5% -34655.56%

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IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2926000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
4437000 USD
CY2017Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
7633000 USD
CY2018Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
8803000 USD
CY2017Q1 us-gaap Interest Expense
InterestExpense
405000 USD
CY2018Q1 us-gaap Interest Expense
InterestExpense
477000 USD
CY2017Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
7207000 USD
CY2018Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
8515000 USD
CY2017Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
7228000 USD
CY2018Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
8326000 USD
CY2017Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
45722000 USD
CY2018Q1 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
43006000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
704484000 USD
CY2018Q1 us-gaap Liabilities
Liabilities
751295000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
805836000 USD
CY2018Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
854804000 USD
CY2017Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
9730000 USD
CY2018Q1 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
9641000 USD
CY2018Q1 us-gaap Loans And Leases Receivable Consumer Installment Student
LoansAndLeasesReceivableConsumerInstallmentStudent
61001000 USD
CY2017Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
546841000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Loans In Process
LoansAndLeasesReceivableLoansInProcess
0 USD
CY2018Q1 us-gaap Loans And Leases Receivable Loans In Process
LoansAndLeasesReceivableLoansInProcess
0 USD
CY2017Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
593123000 USD
CY2018Q1 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
587734000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-6082000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
46923000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
23752000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
7851000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2430000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2639000 USD
us-gaap Net Income Loss
NetIncomeLoss
6869000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
1771000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
3157000 USD
CY2017Q1 us-gaap Noninterest Expense
NoninterestExpense
5190000 USD
CY2018Q1 us-gaap Noninterest Expense
NoninterestExpense
5000000 USD
CY2017Q1 us-gaap Noninterest Income
NoninterestIncome
909000 USD
CY2018Q1 us-gaap Noninterest Income
NoninterestIncome
922000 USD
CY2017Q4 us-gaap Notes Receivable Net
NotesReceivableNet
150842000 USD
CY2018Q1 us-gaap Notes Receivable Net
NotesReceivableNet
149378000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-53000 USD
CY2017Q1 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
60000 USD
CY2018Q1 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
230000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
100000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
322000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Financial Liability Fair Value Option Reclassification Adjustment From Aoci For Derecognition After Tax
OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionAfterTax
1482000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Financial Liability Fair Value Option Reclassification Adjustment From Aoci For Derecognition After Tax
OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionAfterTax
0 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Financial Liability Fair Value Option Reclassification Adjustment From Aoci For Derecognition After Tax
OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionAfterTax
1482000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Financial Liability Fair Value Option Reclassification Adjustment From Aoci For Derecognition Before Tax
OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionBeforeTax
0 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Financial Liability Fair Value Option Reclassification Adjustment From Aoci For Derecognition Before Tax
OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionBeforeTax
-567000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Financial Liability Fair Value Option Reclassification Adjustment From Aoci For Derecognition Tax
OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionTax
0 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Financial Liability Fair Value Option Reclassification Adjustment From Aoci For Derecognition Tax
OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionTax
-168000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
60000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
230000 USD
CY2018Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1521000 USD
CY2017Q1 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
0 USD
CY2018Q1 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
376000 USD
CY2017Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-21000 USD
CY2018Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
189000 USD
us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
0 USD
CY2017Q4 us-gaap Short Term Investments
ShortTermInvestments
45722000 USD
CY2018Q1 us-gaap Short Term Investments
ShortTermInvestments
43006000 USD
CY2017Q1 us-gaap Stock Issued1
StockIssued1
1220000 USD
CY2018Q1 us-gaap Stock Issued1
StockIssued1
0 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
90000 USD
CY2017Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
7000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
291000 USD
CY2017Q1 us-gaap Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
0 USD
CY2017Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
6000 USD
CY2017Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
3000000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
96654000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
98498000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
101352000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
103509000 USD
CY2017Q4 us-gaap Trading Securities
TradingSecurities
0 USD
CY2018Q1 us-gaap Trading Securities
TradingSecurities
0 USD

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