$VIDE
VIDEO DISPLAY CORP

2018 Q4 Form 10-Q Financial Statement

#000119312519012151 Filed on January 18, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2017 Q4
Revenue $4.170M $1.666M
YoY Change 150.3% -68.56%
Cost Of Revenue $3.074M $1.810M
YoY Change 69.83% -58.88%
Gross Profit $1.096M -$144.0K
YoY Change -861.11% -116.04%
Gross Profit Margin 26.28% -8.64%
Selling, General & Admin $1.073M $1.119M
YoY Change -4.11% 10.36%
% of Gross Profit 97.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $59.00K $60.00K
YoY Change -1.67% 0.0%
% of Gross Profit 5.38%
Operating Expenses $1.073M $1.119M
YoY Change -4.11% 10.36%
Operating Profit $23.00K -$1.263M
YoY Change -101.82% 988.79%
Interest Expense -$22.00K $0.00
YoY Change -100.0%
% of Operating Profit -95.65%
Other Income/Expense, Net $48.00K $55.00K
YoY Change -12.73% -23.61%
Pretax Income $71.00K -$1.208M
YoY Change -105.88% 2645.45%
Income Tax $0.00 -$5.000K
% Of Pretax Income 0.0%
Net Earnings $71.00K -$1.203M
YoY Change -105.9% 2573.33%
Net Earnings / Revenue 1.7% -72.21%
Basic Earnings Per Share $0.01 -$0.20
Diluted Earnings Per Share $0.01 -$0.20
COMMON SHARES
Basic Shares Outstanding 5.878M 5.891M shares
Diluted Shares Outstanding 6.078M 5.891M shares

Balance Sheet

Concept 2018 Q4 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $34.00K $390.0K
YoY Change -91.28% -2.5%
Cash & Equivalents $34.00K $115.0K
Short-Term Investments $0.00 $270.0K
Other Short-Term Assets $132.0K $80.00K
YoY Change 65.0% -97.89%
Inventory $3.793M $5.555M
Prepaid Expenses
Receivables $1.985M $597.0K
Other Receivables $205.0K $180.0K
Total Short-Term Assets $6.520M $6.803M
YoY Change -4.16% -34.62%
LONG-TERM ASSETS
Property, Plant & Equipment $1.294M $1.492M
YoY Change -13.27% 12.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $380.0K
YoY Change -100.0%
Other Assets $9.000K $26.00K
YoY Change -65.38% 13.04%
Total Long-Term Assets $1.546M $2.341M
YoY Change -33.96% 16.24%
TOTAL ASSETS
Total Short-Term Assets $6.520M $6.803M
Total Long-Term Assets $1.546M $2.341M
Total Assets $8.066M $9.144M
YoY Change -11.79% -26.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.441M $1.010M
YoY Change 42.67% 49.41%
Accrued Expenses $348.0K $815.0K
YoY Change -57.3% 62.03%
Deferred Revenue $343.0K
YoY Change
Short-Term Debt $384.0K $470.0K
YoY Change -18.3%
Long-Term Debt Due $37.00K $56.00K
YoY Change -33.93% 3.7%
Total Short-Term Liabilities $2.858M $2.744M
YoY Change 4.15% -28.45%
LONG-TERM LIABILITIES
Long-Term Debt $460.0K $36.00K
YoY Change 1177.78% -60.44%
Other Long-Term Liabilities $39.00K $90.00K
YoY Change -56.67% -57.14%
Total Long-Term Liabilities $39.00K $36.00K
YoY Change 8.33% -60.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.858M $2.744M
Total Long-Term Liabilities $39.00K $36.00K
Total Liabilities $3.357M $3.318M
YoY Change 1.18% -30.45%
SHAREHOLDERS EQUITY
Retained Earnings $13.43M $14.56M
YoY Change -7.75% -11.44%
Common Stock $7.562M $7.537M
YoY Change 0.33% 0.78%
Preferred Stock
YoY Change
Treasury Stock (at cost) $16.28M $16.27M
YoY Change 0.09% 0.0%
Treasury Stock Shares 3.854M shares 3.841M shares
Shareholders Equity $4.709M $5.826M
YoY Change
Total Liabilities & Shareholders Equity $8.066M $9.144M
YoY Change -11.79% -26.38%

Cashflow Statement

Concept 2018 Q4 2017 Q4
OPERATING ACTIVITIES
Net Income $71.00K -$1.203M
YoY Change -105.9% 2573.33%
Depreciation, Depletion And Amortization $59.00K $60.00K
YoY Change -1.67% 0.0%
Cash From Operating Activities $4.000K -$510.0K
YoY Change -100.78% 218.75%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K -$60.00K
YoY Change -83.33% 20.0%
Acquisitions
YoY Change
Other Investing Activities $152.0K -$200.0K
YoY Change -176.0% 900.0%
Cash From Investing Activities $132.0K -$240.0K
YoY Change -155.0% 242.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -123.0K 670.0K
YoY Change -118.36% -2333.33%
NET CHANGE
Cash From Operating Activities 4.000K -510.0K
Cash From Investing Activities 132.0K -240.0K
Cash From Financing Activities -123.0K 670.0K
Net Change In Cash 13.00K -80.00K
YoY Change -116.25% -69.23%
FREE CASH FLOW
Cash From Operating Activities $4.000K -$510.0K
Capital Expenditures -$10.00K -$60.00K
Free Cash Flow $14.00K -$450.0K
YoY Change -103.11% 309.09%

Facts In Submission

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OtherNoncashIncomeExpense
-7000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
319000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
10000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
30000
us-gaap Notes Assumed1
NotesAssumed1
142000
us-gaap Operating Income Loss
OperatingIncomeLoss
-233000
us-gaap Profit Loss
ProfitLoss
120000
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
981000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
41000
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
387000
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
375000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
647000
us-gaap Proceeds From Sale Of Investment Projects
ProceedsFromSaleOfInvestmentProjects
1317000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
627000
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
170000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11512000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-5000
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
8858 shares
us-gaap Share Based Compensation
ShareBasedCompensation
13000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
dei Trading Symbol
TradingSymbol
VIDE
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6082000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5879000 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
1.12
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
10000
vide Earnings Per Share Dilutive Effect Of Stock Options Amount
EarningsPerShareDilutiveEffectOfStockOptionsAmount
0
vide Noncash Investing And Financing Activities Imputed Interest Expense
NoncashInvestingAndFinancingActivitiesImputedInterestExpense
36000
vide Proceeds From Payments For Marginal Float
ProceedsFromPaymentsForMarginalFloat
-106000
vide Noncash Investing And Financing Activities Imputed Interest Income
NoncashInvestingAndFinancingActivitiesImputedInterestIncome
36000
vide Number Of Business Merged Under Restructuring Plan
NumberOfBusinessMergedUnderRestructuringPlan
2 Business
vide Earnings Per Share Dilutive Effect Of Stock Options
EarningsPerShareDilutiveEffectOfStockOptions
0
vide Deferred Rental Income
DeferredRentalIncome
60000
CY2017Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1810000
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.20
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.20
CY2017Q4 us-gaap Gross Profit
GrossProfit
-144000
CY2017Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-4000
CY2017Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
869000
CY2017Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1208000
CY2017Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5000
CY2017Q4 us-gaap Investment Income Net
InvestmentIncomeNet
8000
CY2017Q4 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1203000
CY2017Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
55000
CY2017Q4 us-gaap Operating Expenses
OperatingExpenses
1119000
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
-1203000
CY2017Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
51000
CY2017Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-1263000
CY2017Q4 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
250000
CY2017Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1666000
CY2017Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5891000 shares
CY2017Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5891000 shares
CY2017Q4 vide Earnings Per Share Dilutive Effect Of Stock Options Amount
EarningsPerShareDilutiveEffectOfStockOptionsAmount
0
CY2017Q4 vide Earnings Per Share Dilutive Effect Of Stock Options
EarningsPerShareDilutiveEffectOfStockOptions
0
CY2018Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
3074000
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2018Q4 us-gaap Gross Profit
GrossProfit
1096000
CY2018Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-4000
CY2018Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
885000
CY2018Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
71000
CY2018Q4 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
200000 shares
CY2018Q4 us-gaap Investment Income Net
InvestmentIncomeNet
-18000
CY2018Q4 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
71000
CY2018Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
48000
CY2018Q4 us-gaap Operating Expenses
OperatingExpenses
1073000
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
71000
CY2018Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
70000
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
23000
CY2018Q4 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
188000
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4170000
CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6087000 shares
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5878000 shares
CY2018Q4 vide Earnings Per Share Dilutive Effect Of Stock Options Amount
EarningsPerShareDilutiveEffectOfStockOptionsAmount
0
CY2018Q4 vide Earnings Per Share Dilutive Effect Of Stock Options
EarningsPerShareDilutiveEffectOfStockOptions
0

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