2017 Q4 Form 10-Q Financial Statement
#000120677418002319 Filed on August 08, 2018
Income Statement
| Concept | 2017 Q4 | 2017 Q2 |
|---|---|---|
| Revenue | ||
| YoY Change | ||
| 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 | $300.0K | $310.0K |
| YoY Change | -6.25% | 0.0% |
| % of Gross Profit | ||
| Operating Expenses | ||
| YoY Change | ||
| Operating Profit | ||
| YoY Change | ||
| Interest Expense | ||
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $3.030M | $2.830M |
| YoY Change | 39.63% | 28.64% |
| Income Tax | $910.0K | $910.0K |
| % Of Pretax Income | 30.03% | 32.16% |
| Net Earnings | $1.150M | $1.920M |
| YoY Change | -22.82% | 27.15% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | $0.77 | |
| Diluted Earnings Per Share | $451.0K | $0.76 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 2.506M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2017 Q4 | 2017 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $88.06M | |
| YoY Change | ||
| Cash & Equivalents | $18.28M | |
| Short-Term Investments | $69.79M | |
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | ||
| YoY Change | ||
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $7.371M | $7.600M |
| YoY Change | -7.86% | -8.43% |
| Goodwill | $372.0K | |
| YoY Change | ||
| Intangibles | $579.0K | |
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | ||
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | ||
| Total Long-Term Assets | ||
| Total Assets | $643.9M | $614.5M |
| YoY Change | 6.43% | 12.61% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.700M | $1.000M |
| YoY Change | 6.25% | -33.33% |
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $34.10M | $19.90M |
| YoY Change | 73.1% | 26.75% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $1.700M | $1.000M |
| YoY Change | 6.25% | -33.33% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | $0.00 |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.700M | $1.000M |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $578.8M | $551.4M |
| YoY Change | 6.0% | 13.08% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $37.92M | |
| YoY Change | ||
| Common Stock | $6.027M | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $65.11M | $63.20M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $643.9M | $614.5M |
| YoY Change | 6.43% | 12.61% |
Cashflow Statement
| Concept | 2017 Q4 | 2017 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $1.150M | $1.920M |
| YoY Change | -22.82% | 27.15% |
| Depreciation, Depletion And Amortization | $300.0K | $310.0K |
| YoY Change | -6.25% | 0.0% |
| Cash From Operating Activities | $2.330M | $1.840M |
| YoY Change | 210.67% | 121.69% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$210.0K | -$70.00K |
| YoY Change | 90.91% | -53.33% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$26.53M | -$22.50M |
| YoY Change | -32.84% | -1127.4% |
| Cash From Investing Activities | -$26.75M | -$22.56M |
| YoY Change | -32.45% | -1205.88% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 32.40M | -25.34M |
| YoY Change | -8.29% | 122.48% |
| NET CHANGE | ||
| Cash From Operating Activities | 2.330M | 1.840M |
| Cash From Investing Activities | -26.75M | -22.56M |
| Cash From Financing Activities | 32.40M | -25.34M |
| Net Change In Cash | 7.980M | -46.06M |
| YoY Change | -326.7% | 440.61% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $2.330M | $1.840M |
| Capital Expenditures | -$210.0K | -$70.00K |
| Free Cash Flow | $2.540M | $1.910M |
| YoY Change | 195.35% | 94.9% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2017Q4 | us-gaap |
Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
|
34092000 | USD |
| CY2017Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
1727000 | USD |
| CY2017Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2017Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
6027000 | USD |
| CY2017Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
22038000 | USD |
| CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
37923000 | USD |
| CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
65105000 | USD |
| CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
643886000 | USD |
| CY2017Q4 | us-gaap |
Goodwill
Goodwill
|
372000 | USD |
| CY2017Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
579000 | USD |
| CY2017Q4 | us-gaap |
Other Assets
OtherAssets
|
6417000 | USD |
| CY2017Q4 | us-gaap |
Marketable Securities
MarketableSecurities
|
69785000 | USD |
| CY2017Q4 | us-gaap |
Bank Owned Life Insurance
BankOwnedLifeInsurance
|
16344000 | USD |
| CY2017Q4 | us-gaap |
Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
|
524741000 | USD |
| CY2017Q4 | us-gaap |
Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
|
4043000 | USD |
| CY2017Q4 | us-gaap |
Restricted Investments
RestrictedInvestments
|
2284000 | USD |
| CY2017Q4 | us-gaap |
Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
|
193081000 | USD |
| CY2017Q4 | us-gaap |
Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
|
102583000 | USD |
| CY2017Q4 | us-gaap |
Deposits Money Market Deposits
DepositsMoneyMarketDeposits
|
138065000 | USD |
| CY2017Q4 | us-gaap |
Deposits
Deposits
|
542962000 | USD |
| CY2017Q4 | us-gaap |
Federal Funds Sold
FederalFundsSold
|
6887000 | USD |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
2536993 | shares | |
| CY2017Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
2506058 | shares |
| CY2018Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
2539162 | shares |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
2500355 | shares | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.81 | ||
| CY2017Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.76 | |
| CY2018Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.72 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.45 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.82 | ||
| CY2017Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.77 | |
| CY2018Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.72 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.46 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.1549 | pure | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.0181 | pure | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0285 | pure | |
| CY2017Q4 | us-gaap |
Cash And Due From Banks
CashAndDueFromBanks
|
11390000 | USD |
| vabk |
Stock Dividend Distributable
StockDividendDistributable
|
USD |
