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10-Q Filing

ONTO INNOVATION INC. CIK: 704532 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0000704532-14-000017
Period End Date 20140331
Filing Date 20140506
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance nano-20140328.xml
Filing Contents
Balance Sheet 84 line items
Line Item Tag Value Unit Period
Allowances for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $293.00K USD Point-in-time
Allowances for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $293.00K USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 3.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $62.91M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $47.34M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $44.77M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 3.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $38.83M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Marketable securities ShortTermInvestments $49.20M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Marketable securities ShortTermInvestments $48.10M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Accounts receivable, net of allowances of $293 and $293, respectively AccountsReceivableNetCurrent $31.44M USD Point-in-time
Accounts receivable, net of allowances of $293 and $293, respectively AccountsReceivableNetCurrent $32.42M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Inventories InventoryNet $37.85M USD Point-in-time
Inventories InventoryNet $34.52M USD Point-in-time
Inventories-delivered systems InventoriesDeliveredSystems $2.25M USD Point-in-time
Inventories-delivered systems InventoriesDeliveredSystems $6.90M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 47.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 47.00M shares Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $10.52M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 23.54M shares Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $8.97M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 23.88M shares Point-in-time
Deferred income tax assets DeferredTaxAssetsNetCurrent $14.52M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 23.88M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 23.54M shares Point-in-time
Deferred income tax assets DeferredTaxAssetsNetCurrent $14.01M USD Point-in-time
Total current assets AssetsCurrent $183.54M USD Point-in-time
Total current assets AssetsCurrent $190.75M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $47.44M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $47.13M USD Point-in-time
Goodwill Goodwill $11.74M USD Point-in-time
Goodwill Goodwill $11.87M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $7.86M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $7.14M USD Point-in-time
Deferred income tax assets DeferredTaxAssetsNetNoncurrent $4.34M USD Point-in-time
Deferred income tax assets DeferredTaxAssetsNetNoncurrent $4.34M USD Point-in-time
Other assets OtherAssetsNoncurrent $699.00K USD Point-in-time
Other assets OtherAssetsNoncurrent $696.00K USD Point-in-time
Total assets Assets $254.72M USD Point-in-time
Total assets Assets $262.83M USD Point-in-time
Accounts payable AccountsPayableCurrent $10.60M USD Point-in-time
Accounts payable AccountsPayableCurrent $7.41M USD Point-in-time
Accrued payroll and related expenses EmployeeRelatedLiabilitiesCurrent $8.20M USD Point-in-time
Accrued payroll and related expenses EmployeeRelatedLiabilitiesCurrent $7.85M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $21.75M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $11.54M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $7.99M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $8.19M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $557.00K USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $758.00K USD Point-in-time
Total current liabilities LiabilitiesCurrent $48.96M USD Point-in-time
Total current liabilities LiabilitiesCurrent $35.89M USD Point-in-time
Deferred revenue DeferredRevenueNoncurrent $3.72M USD Point-in-time
Deferred revenue DeferredRevenueNoncurrent $3.31M USD Point-in-time
Income taxes payable TaxesPayableCurrent $599.00K USD Point-in-time
Income taxes payable TaxesPayableCurrent $1.17M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $1.61M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $1.65M USD Point-in-time
Total liabilities Liabilities $55.46M USD Point-in-time
Total liabilities Liabilities $41.45M USD Point-in-time
Commitments and contingencies (Note 16) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 16) CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $0.001 par value; 3,000,000 shares authorized; no shares issued or outstanding PreferredStockValue - USD Point-in-time
Preferred stock, $0.001 par value; 3,000,000 shares authorized; no shares issued or outstanding PreferredStockValue - USD Point-in-time
Common stock, $0.001 par value, 47,000,000 shares authorized; 23,876,666 and 23,537,275, respectively, issued and outstanding CommonStockValue $24.00K USD Point-in-time
Common stock, $0.001 par value, 47,000,000 shares authorized; 23,876,666 and 23,537,275, respectively, issued and outstanding CommonStockValue $24.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $244.73M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $248.82M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-36.40M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-38.00M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $612.00K USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $823.00K USD Point-in-time
Total stockholders equity StockholdersEquity $213.27M USD Point-in-time
Total stockholders equity StockholdersEquity $207.37M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $254.72M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $262.83M USD Point-in-time
Income Statement 50 line items
Line Item Tag Value Unit Period
Products SalesRevenueGoodsNet $43.28M USD 1 Quarter
Products SalesRevenueGoodsNet $13.08M USD 1 Quarter
Service SalesRevenueServicesNet $11.47M USD 1 Quarter
Service SalesRevenueServicesNet $8.30M USD 1 Quarter
Total net revenues SalesRevenueNet $24.55M USD 1 Quarter
Total net revenues SalesRevenueNet $51.58M USD 1 Quarter
Cost of products CostOfGoodsSold $7.96M USD 1 Quarter
Cost of products CostOfGoodsSold $21.64M USD 1 Quarter
Cost of service CostOfServices $5.45M USD 1 Quarter
Cost of service CostOfServices $5.11M USD 1 Quarter
Amortization of intangible assets CostOfProductsAmortizationOfIntangibleAssets $658.00K USD 1 Quarter
Amortization of intangible assets CostOfProductsAmortizationOfIntangibleAssets $674.00K USD 1 Quarter
Total costs of net revenues CostOfGoodsAndServicesSold $14.07M USD 1 Quarter
Total costs of net revenues CostOfGoodsAndServicesSold $27.43M USD 1 Quarter
Gross profit GrossProfit $24.15M USD 1 Quarter
Gross profit GrossProfit $10.49M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $7.45M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $8.31M USD 1 Quarter
Selling SellingAndMarketingExpense $6.93M USD 1 Quarter
Selling SellingAndMarketingExpense $7.37M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $6.34M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $5.51M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $198.00K USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $108.00K USD 1 Quarter
Total operating expenses OperatingExpenses $20.09M USD 1 Quarter
Total operating expenses OperatingExpenses $22.13M USD 1 Quarter
Income (loss) from operations OperatingIncomeLoss $2.02M USD 1 Quarter
Income (loss) from operations OperatingIncomeLoss $-9.60M USD 1 Quarter
Interest income InvestmentIncomeInterest $14.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $25.00K USD 1 Quarter
Interest expense InterestExpense $226.00K USD 1 Quarter
Interest expense InterestExpense $100.00K USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $40.00K USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $252.00K USD 1 Quarter
Total other income (expense), net OtherIncomeExpenseNet $166.00K USD 1 Quarter
Total other income (expense), net OtherIncomeExpenseNet $-161.00K USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-9.76M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $2.18M USD 1 Quarter
Provision for (benefit from) income taxes IncomeTaxExpenseBenefit $587.00K USD 1 Quarter
Provision for (benefit from) income taxes IncomeTaxExpenseBenefit $-4.18M USD 1 Quarter
Net income (loss) NetIncomeLoss $-5.58M USD 1 Quarter
Net income (loss) NetIncomeLoss $1.59M USD 1 Quarter
Basic (dollars per share) EarningsPerShareBasic $0.07 USD 1 Quarter
Basic (dollars per share) EarningsPerShareBasic $-0.24 USD 1 Quarter
Diluted (dollars per share) EarningsPerShareDiluted $-0.24 USD 1 Quarter
Diluted (dollars per share) EarningsPerShareDiluted $0.07 USD 1 Quarter
Basic (shares) WeightedAverageNumberOfSharesOutstandingBasic 23.71M shares 1 Quarter
Basic (shares) WeightedAverageNumberOfSharesOutstandingBasic 23.34M shares 1 Quarter
Diluted (shares) WeightedAverageNumberOfDilutedSharesOutstanding 24.16M shares 1 Quarter
Diluted (shares) WeightedAverageNumberOfDilutedSharesOutstanding 23.34M shares 1 Quarter
Cash Flow Statement 67 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $-5.58M USD 1 Quarter
Net income (loss) NetIncomeLoss $1.59M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $2.43M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $2.11M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $1.46M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $1.63M USD 1 Quarter
Excess tax benefit from equity awards ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $-367.00K USD 1 Quarter
Excess tax benefit from equity awards ExcessTaxBenefitFromShareBasedCompensationOperatingActivities - USD 1 Quarter
Loss on disposal of fixed assets GainLossOnDispositionOfAssets $-12.00K USD 1 Quarter
Loss on disposal of fixed assets GainLossOnDispositionOfAssets - USD 1 Quarter
Inventory write-down InventoryWriteDown $1.32M USD 1 Quarter
Inventory write-down InventoryWriteDown $669.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $519.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-4.07M USD 1 Quarter
Changes in fair value of contingent consideration ChangesInFairValueOfContingentPayments $-5.00K USD 1 Quarter
Changes in fair value of contingent consideration ChangesInFairValueOfContingentPayments $389.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-1.27M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $967.00K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $5.63M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $3.14M USD 1 Quarter
Inventories-delivered systems IncreaseDecreaseInventoriesDeliveredSystems $-750.00K USD 1 Quarter
Inventories-delivered systems IncreaseDecreaseInventoriesDeliveredSystems $-4.65M USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-1.84M USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-592.00K USD 1 Quarter
Accounts payable, accrued and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-2.54M USD 1 Quarter
Accounts payable, accrued and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-351.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-796.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-10.62M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-360.00K USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-766.00K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-4.69M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-8.52M USD 1 Quarter
Maturities of marketable securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $10.11M USD 1 Quarter
Maturities of marketable securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $7.00M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireMarketableSecurities $8.41M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireMarketableSecurities $11.29M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $2.19M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $997.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-3.60M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-2.18M USD 1 Quarter
Payments of contingent consideration PaymentsOfMergerRelatedCostsFinancingActivities $100.00K USD 1 Quarter
Payments of contingent consideration PaymentsOfMergerRelatedCostsFinancingActivities $133.00K USD 1 Quarter
Repayments of debt obligations RepaymentsOfLongTermDebt $4.80M USD Point-in-time
Repayments of debt obligations RepaymentsOfLongTermDebt $227.00K USD 1 Quarter
Repayments of debt obligations RepaymentsOfLongTermDebt - USD 1 Quarter
Proceeds from sale of shares under employee stock option and purchase plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $1.60M USD 1 Quarter
Proceeds from sale of shares under employee stock option and purchase plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $3.12M USD 1 Quarter
Excess tax benefit from equity awards ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $-367.00K USD 1 Quarter
Excess tax benefit from equity awards ExcessTaxBenefitFromShareBasedCompensationFinancingActivities - USD 1 Quarter
Taxes paid on net issuance of stock awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $659.00K USD 1 Quarter
Taxes paid on net issuance of stock awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $86.00K USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $5.00M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-4.21M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $2.36M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $7.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-656.00K USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-5.93M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-15.57M USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $62.91M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $47.34M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $44.77M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $38.83M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $62.91M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $47.34M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $44.77M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $38.83M USD Point-in-time
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $-5.58M USD 1 Quarter
Net income (loss) NetIncomeLoss $1.59M USD 1 Quarter
Change in foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $104.00K USD 1 Quarter
Change in foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-1.94M USD 1 Quarter
Net change on unrealized gains on available-for-sale investments OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax $5.00K USD 1 Quarter
Net change on unrealized gains on available-for-sale investments OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax $107.00K USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-1.94M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $211.00K USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $-7.52M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $1.81M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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