2014 Q2 Form 10-Q Financial Statement

#000114420414050154 Filed on August 14, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $13.16M $13.03M
YoY Change 0.96% 10.31%
Cost Of Revenue $10.13M $10.55M
YoY Change -3.97% 11.51%
Gross Profit $3.026M $2.482M
YoY Change 21.91% 5.47%
Gross Profit Margin 23.0% 19.04%
Selling, General & Admin $2.533M $1.828M
YoY Change 38.54% -21.87%
% of Gross Profit 83.7% 73.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $530.0K $470.0K
YoY Change 12.77% 9.3%
% of Gross Profit 17.51% 18.94%
Operating Expenses $3.082M $2.191M
YoY Change 40.66% -6.39%
Operating Profit -$55.70K $291.1K
YoY Change -119.13% 2184.65%
Interest Expense $212.4K $205.8K
YoY Change 3.2% 19.26%
% of Operating Profit 70.68%
Other Income/Expense, Net -$202.3K -$371.1K
YoY Change -45.48% 130.01%
Pretax Income -$258.0K -$79.93K
YoY Change 222.77% -46.21%
Income Tax -$83.73K -$24.37K
% Of Pretax Income
Net Earnings -$122.5K -$55.98K
YoY Change 118.82% -27.82%
Net Earnings / Revenue -0.93% -0.43%
Basic Earnings Per Share -$0.04 -$0.02
Diluted Earnings Per Share -$0.04 -$0.02
COMMON SHARES
Basic Shares Outstanding 3.301M shares 3.249M shares
Diluted Shares Outstanding 3.453M shares 3.401M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $280.0K $460.0K
YoY Change -39.13% 76.92%
Cash & Equivalents $277.6K $458.7K
Short-Term Investments
Other Short-Term Assets $3.210M $609.7K
YoY Change 426.51% -75.61%
Inventory $16.65M $15.06M
Prepaid Expenses $1.587M
Receivables $10.07M $7.647M
Other Receivables $0.00 $0.00
Total Short-Term Assets $30.21M $26.23M
YoY Change 15.19% 17.98%
LONG-TERM ASSETS
Property, Plant & Equipment $8.310M $8.549M
YoY Change -2.8% -0.36%
Goodwill $1.033M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.250M $147.6K
YoY Change 746.9% -38.5%
Total Long-Term Assets $11.05M $10.59M
YoY Change 4.33% 6.66%
TOTAL ASSETS
Total Short-Term Assets $30.21M $26.23M
Total Long-Term Assets $11.05M $10.59M
Total Assets $41.26M $36.82M
YoY Change 12.06% 14.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.280M $5.199M
YoY Change 20.79% 4.19%
Accrued Expenses $2.480M $2.768M
YoY Change -10.41% 24.7%
Deferred Revenue
YoY Change
Short-Term Debt $8.800M $5.880M
YoY Change 49.66% -7.98%
Long-Term Debt Due $380.0K $390.0K
YoY Change -2.56% -76.36%
Total Short-Term Liabilities $18.78M $14.68M
YoY Change 27.89% -10.9%
LONG-TERM LIABILITIES
Long-Term Debt $8.920M $9.046M
YoY Change -1.4% 134.36%
Other Long-Term Liabilities $640.0K $700.0K
YoY Change -8.57%
Total Long-Term Liabilities $9.560M $9.748M
YoY Change -1.93% 152.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.78M $14.68M
Total Long-Term Liabilities $9.560M $9.748M
Total Liabilities $28.35M $24.43M
YoY Change 16.04% 20.71%
SHAREHOLDERS EQUITY
Retained Earnings -$192.0K
YoY Change
Common Stock $14.89M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $141.3K
YoY Change
Treasury Stock Shares 75.63K shares 72.13K shares
Shareholders Equity $12.90M $12.56M
YoY Change
Total Liabilities & Shareholders Equity $41.26M $36.82M
YoY Change 12.06% 14.49%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income -$122.5K -$55.98K
YoY Change 118.82% -27.82%
Depreciation, Depletion And Amortization $530.0K $470.0K
YoY Change 12.77% 9.3%
Cash From Operating Activities -$2.010M $1.530M
YoY Change -231.37% 155.0%
INVESTING ACTIVITIES
Capital Expenditures -$320.0K -$500.0K
YoY Change -36.0% 56.25%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$320.0K -$500.0K
YoY Change -36.0% 56.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.160M -1.010M
YoY Change -313.86% 165.79%
NET CHANGE
Cash From Operating Activities -2.010M 1.530M
Cash From Investing Activities -320.0K -500.0K
Cash From Financing Activities 2.160M -1.010M
Net Change In Cash -170.0K 20.00K
YoY Change -950.0% -120.0%
FREE CASH FLOW
Cash From Operating Activities -$2.010M $1.530M
Capital Expenditures -$320.0K -$500.0K
Free Cash Flow -$1.690M $2.030M
YoY Change -183.25% 120.65%

Facts In Submission

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2014-06-30
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CTI INDUSTRIES CORP
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0001042187
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--12-31
dei Entity Filer Category
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dei Trading Symbol
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