2022 Q2 Form 10-Q Financial Statement

#000161068222000030 Filed on May 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q1
Revenue $33.74M $30.13M $30.60M
YoY Change -63.13% -1.54% 1.3%
Cost Of Revenue $12.16M $12.59M $9.340M
YoY Change -61.46% 34.79% -10.28%
Gross Profit $21.59M $23.20M $21.26M
YoY Change -64.01% 9.11% 7.43%
Gross Profit Margin 63.97% 76.99% 69.48%
Selling, General & Admin $7.395M $5.255M $4.733M
YoY Change -82.48% 11.03% -8.51%
% of Gross Profit 34.26% 22.65% 22.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.765M $5.507M $5.471M
YoY Change -0.14% 0.66% 0.9%
% of Gross Profit 26.71% 23.74% 25.73%
Operating Expenses $28.53M $25.39M $24.47M
YoY Change -65.36% 3.77% -59.02%
Operating Profit $5.208M $4.737M $6.130M
YoY Change -43.08% -22.72% -120.78%
Interest Expense $2.097M $1.385M $1.735M
YoY Change 20.17% -20.17% -36.66%
% of Operating Profit 40.26% 29.24% 28.3%
Other Income/Expense, Net $4.000K $23.00K $20.00K
YoY Change -233.33% 15.0% -97.27%
Pretax Income $3.784M $9.412M $7.552M
YoY Change -47.48% 24.63% -122.03%
Income Tax -$21.00K $421.0K $224.0K
% Of Pretax Income -0.55% 4.47% 2.97%
Net Earnings $3.805M $8.991M $7.328M
YoY Change -44.74% 22.69% -121.69%
Net Earnings / Revenue 11.28% 29.84% 23.95%
Basic Earnings Per Share
Diluted Earnings Per Share $114.0K $234.2K $271.2K
COMMON SHARES
Basic Shares Outstanding 33.38M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.333M $4.495M $3.100M
YoY Change 38.39% 45.0% -32.61%
Cash & Equivalents $4.333M $4.495M $3.066M
Short-Term Investments
Other Short-Term Assets $2.353M $1.567M $1.035M
YoY Change 406.02% 51.4% 20.49%
Inventory $6.998M $1.667M
Prepaid Expenses
Receivables $6.303M $10.77M $4.467M
Other Receivables $334.0K $2.817M $2.500M
Total Short-Term Assets $28.84M $32.23M $20.88M
YoY Change 40.95% 54.35% -11.24%
LONG-TERM ASSETS
Property, Plant & Equipment $149.9M $131.4M $138.7M
YoY Change 8.51% -5.25% -1.77%
Goodwill
YoY Change
Intangibles $42.58M $45.73M $58.34M
YoY Change -22.84% -21.61% -17.77%
Long-Term Investments
YoY Change
Other Assets $8.927M $11.05M $6.500M
YoY Change 42.19% 70.02% 209.52%
Total Long-Term Assets $205.0M $192.4M $211.9M
YoY Change -13.65% -9.16% -6.91%
TOTAL ASSETS
Total Short-Term Assets $28.84M $32.23M $20.88M
Total Long-Term Assets $205.0M $192.4M $211.9M
Total Assets $233.8M $224.7M $232.7M
YoY Change -9.31% -3.46% -7.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.685M $13.92M $2.700M
YoY Change 219.22% 415.56% -34.15%
Accrued Expenses $2.682M $3.285M $5.200M
YoY Change -52.34% -36.83% 0.0%
Deferred Revenue $2.697M $5.850M $6.968M
YoY Change -54.66% -16.04% 50.95%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $27.90M $31.11M $19.60M
YoY Change 38.77% 58.74% -9.48%
LONG-TERM LIABILITIES
Long-Term Debt $230.5M $161.3M $187.7M
YoY Change 29.6% -14.08% -15.41%
Other Long-Term Liabilities $5.335M $6.297M $10.93M
YoY Change -51.85% -42.37% 47.72%
Total Long-Term Liabilities $235.9M $6.297M $10.93M
YoY Change 2028.91% -42.37% 47.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.90M $31.11M $19.60M
Total Long-Term Liabilities $235.9M $6.297M $10.93M
Total Liabilities $264.6M $199.5M $221.4M
YoY Change 25.39% -9.9% -14.6%
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 -$30.75M $25.21M $11.40M
YoY Change
Total Liabilities & Shareholders Equity $233.8M $224.7M $232.7M
YoY Change 2.73% -3.46% -7.32%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $3.805M $8.991M $7.328M
YoY Change -44.74% 22.69% -121.69%
Depreciation, Depletion And Amortization $5.765M $5.507M $5.471M
YoY Change -0.14% 0.66% 0.9%
Cash From Operating Activities $4.740M $10.71M $12.65M
YoY Change -80.34% -15.32% 7.92%
INVESTING ACTIVITIES
Capital Expenditures -$153.0K $135.0K $483.0K
YoY Change -94.02% -72.05% 228.57%
Acquisitions
YoY Change
Other Investing Activities -$75.00M
YoY Change
Cash From Investing Activities -$75.15M -$135.0K -$483.0K
YoY Change 2839.11% -72.05% 228.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 63.93M -$9.583M -$12.04M
YoY Change -348.3% -20.41% 42.6%
NET CHANGE
Cash From Operating Activities 4.740M $10.71M $12.65M
Cash From Investing Activities -75.15M -$135.0K -$483.0K
Cash From Financing Activities 63.93M -$9.583M -$12.04M
Net Change In Cash -6.484M $1.011M $27.00K
YoY Change 54.49% 3644.44% -98.74%
FREE CASH FLOW
Cash From Operating Activities $4.740M $10.71M $12.65M
Capital Expenditures -$153.0K $135.0K $483.0K
Free Cash Flow $4.893M $10.57M $12.16M
YoY Change -81.65% -13.07% 5.12%

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CY2022Q1 us-gaap Derivative Assets Liabilities At Fair Value Net
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CY2022Q1 usdp Partners Capital Targeted Quarterly Distribution Amount Per Share
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CY2022Q1 us-gaap Income Taxes Paid Net
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CY2022Q1 usdp Capital Expenditures Incurred Returned But Not Yet Paid
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CY2021Q1 usdp Capital Expenditures Incurred Returned But Not Yet Paid
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136000 USD

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