2023 Q2 Form 10-Q Financial Statement
#000114036123024344 Filed on May 12, 2023
Income Statement
| Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
|---|---|---|---|
| Revenue | $6.373M | -$3.035M | $18.96M |
| YoY Change | 21.24% | -116.01% | -21.27% |
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $81.70K | $87.00K | $87.16K |
| YoY Change | -4.92% | -0.18% | -0.74% |
| % of Gross Profit | |||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $143.8K | $174.7K | $327.9K |
| YoY Change | -75.64% | -46.72% | -47.52% |
| % of Gross Profit | |||
| Operating Expenses | $2.036M | $2.272M | $2.918M |
| YoY Change | 7.17% | -22.15% | 38.74% |
| Operating Profit | |||
| YoY Change | |||
| Interest Expense | $2.897K | $13.92K | $11.97K |
| YoY Change | -87.57% | 16.28% | |
| % of Operating Profit | |||
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $240.3K | -$8.833M | $11.86M |
| YoY Change | -123.82% | -174.46% | -33.8% |
| Income Tax | $131.7K | -$1.921M | $2.643M |
| % Of Pretax Income | 54.78% | 22.28% | |
| Net Earnings | $79.66K | -$6.942M | $9.192M |
| YoY Change | -110.41% | -175.52% | -35.12% |
| Net Earnings / Revenue | 1.25% | 48.48% | |
| Basic Earnings Per Share | $0.03 | -$2.18 | $2.90 |
| Diluted Earnings Per Share | $0.03 | -$2.18 | $2.90 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 3.187M | 3.190M | 3.171M |
| Diluted Shares Outstanding | 3.186M | 3.189M | 3.171M |
Balance Sheet
| Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | |||
| YoY Change | |||
| Cash & Equivalents | $23.84M | $28.28M | $24.26M |
| Short-Term Investments | |||
| Other Short-Term Assets | |||
| YoY Change | |||
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | $13.45M | $15.67M | $15.94M |
| YoY Change | -27.78% | -1.72% | -12.94% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $34.56M | $34.68M | $38.99M |
| YoY Change | -8.77% | -11.06% | 11740.95% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $306.9M | $308.2M | $310.3M |
| YoY Change | 1.2% | -0.66% | 1.08% |
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $398.7M | $404.0M | $408.8M |
| YoY Change | 1.35% | -1.18% | 0.19% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $13.45M | $15.67M | $15.94M |
| Total Long-Term Assets | $398.7M | $404.0M | $408.8M |
| Total Assets | $412.2M | $419.6M | $424.7M |
| YoY Change | 0.04% | -1.2% | -0.38% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | |||
| YoY Change | |||
| Accrued Expenses | |||
| YoY Change | |||
| 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 | $4.066M | $74.47K | |
| YoY Change | 5360.39% | ||
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $10.00M |
| YoY Change | -100.0% | -100.0% | |
| Other Long-Term Liabilities | $5.458M | $4.887M | $5.278M |
| YoY Change | 0.87% | -7.41% | 5.98% |
| Total Long-Term Liabilities | $5.458M | $4.887M | $15.28M |
| YoY Change | -56.02% | -68.01% | 206.77% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $4.066M | $74.47K | |
| Total Long-Term Liabilities | $5.458M | $4.887M | $15.28M |
| Total Liabilities | $260.1M | $266.2M | $281.8M |
| YoY Change | -5.44% | -5.54% | 0.34% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $124.7M | $124.6M | |
| YoY Change | 17.44% | ||
| Common Stock | $33.14M | $33.27M | |
| YoY Change | 0.86% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | $1.330M | ||
| Shareholders Equity | $151.5M | $153.0M | $142.9M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $412.2M | $419.6M | $424.7M |
| YoY Change | 0.04% | -1.2% | -0.38% |
Cashflow Statement
| Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $79.66K | -$6.942M | $9.192M |
| YoY Change | -110.41% | -175.52% | -35.12% |
| Depreciation, Depletion And Amortization | $143.8K | $174.7K | $327.9K |
| YoY Change | -75.64% | -46.72% | -47.52% |
| Cash From Operating Activities | -$8.052M | $1.997M | -$2.176M |
| YoY Change | -135649.83% | -191.76% | -40.97% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | |||
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $4.133M | -$57.90K | $10.06M |
| YoY Change | -293.54% | -100.58% | -256.35% |
| Cash From Investing Activities | $4.133M | -$57.90K | $10.06M |
| YoY Change | -293.54% | -100.58% | -256.35% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -522.6K | -18.95M | -14.41M |
| YoY Change | -83.07% | 31.52% | 1851.14% |
| NET CHANGE | |||
| Cash From Operating Activities | -8.052M | 1.997M | -2.176M |
| Cash From Investing Activities | 4.133M | -57.90K | 10.06M |
| Cash From Financing Activities | -522.6K | -18.95M | -14.41M |
| Net Change In Cash | -4.441M | -17.01M | -6.523M |
| YoY Change | -14.85% | 160.75% | -39.92% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$8.052M | $1.997M | -$2.176M |
| Capital Expenditures | |||
| Free Cash Flow | |||
| YoY Change |
Facts In Submission
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