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10-Q Filing

KEY TECHNOLOGY INC CIK: 906193 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0000906193-14-000011
Period End Date 20131231
Filing Date 20140207
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance ktec-20131231.xml
Filing Contents
Balance Sheet 68 line items
Line Item Tag Value Unit Period
Trade accounts receivable, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $346.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $23.75M USD Point-in-time
Trade accounts receivable, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $296.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $11.37M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $17.60M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $25.80M USD Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $346 and $296, respectively AccountsReceivableNetCurrent $17.73M USD Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $346 and $296, respectively AccountsReceivableNetCurrent $12.17M USD Point-in-time
Raw materials InventoryRawMaterialsNetOfReserves $10.67M USD Point-in-time
Raw materials InventoryRawMaterialsNetOfReserves $10.66M USD Point-in-time
Work-in-process and sub-assemblies InventoryWorkInProcessNetOfReserves $7.80M USD Point-in-time
Work-in-process and sub-assemblies InventoryWorkInProcessNetOfReserves $11.68M USD Point-in-time
Finished goods InventoryFinishedGoodsNetOfReserves $9.36M USD Point-in-time
Finished goods InventoryFinishedGoodsNetOfReserves $9.46M USD Point-in-time
Total inventories InventoryNet $27.92M USD Point-in-time
Total inventories InventoryNet $31.72M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $5.03M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $4.16M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseCurrent $4.29M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseCurrent $6.11M USD Point-in-time
Total current assets AssetsCurrent $65.53M USD Point-in-time
Total current assets AssetsCurrent $72.57M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $16.69M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $17.26M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $760.00K USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $673.00K USD Point-in-time
Goodwill Goodwill $11.97M USD Point-in-time
Goodwill Goodwill $11.82M USD Point-in-time
Investment in Proditec CostMethodInvestments $1.15M USD Point-in-time
Investment in Proditec CostMethodInvestments $1.15M USD Point-in-time
Intangibles and other assets, net IntangibleAssetsNetExcludingGoodwill $11.06M USD Point-in-time
Intangibles and other assets, net IntangibleAssetsNetExcludingGoodwill $10.80M USD Point-in-time
Total Assets $114.62M USD Point-in-time
Total Assets $106.80M USD Point-in-time
Accounts payable AccountsPayableCurrent $6.67M USD Point-in-time
Accounts payable AccountsPayableCurrent $5.91M USD Point-in-time
Accrued payroll liabilities and commissions EmployeeRelatedLiabilitiesCurrent $9.44M USD Point-in-time
Accrued payroll liabilities and commissions EmployeeRelatedLiabilitiesCurrent $5.54M USD Point-in-time
Customers' deposits CustomerDepositsCurrent $6.96M USD Point-in-time
Customers' deposits CustomerDepositsCurrent $6.05M USD Point-in-time
Accrued customer support and warranty costs AccruedCustomerSupportAndWarrantyCosts $2.69M USD Point-in-time
Accrued customer support and warranty costs AccruedCustomerSupportAndWarrantyCosts $3.30M USD Point-in-time
Customer purchase plans CustomerPurchasePlansDiscounts $1.90M USD Point-in-time
Customer purchase plans CustomerPurchasePlansDiscounts $1.73M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent - USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $430.00K USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $871.00K USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $865.00K USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $1.05M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $1.75M USD Point-in-time
Total current liabilities LiabilitiesCurrent $30.23M USD Point-in-time
Total current liabilities LiabilitiesCurrent $24.91M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $5.61M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $5.42M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $5.08M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $5.23M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $426.00K USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $369.00K USD Point-in-time
Common stock CommonStockValue $30.30M USD Point-in-time
Common stock CommonStockValue $30.09M USD Point-in-time
Warrants WarrantsAndRightsOutstanding $665.00K USD Point-in-time
Warrants WarrantsAndRightsOutstanding $665.00K USD Point-in-time
Retained earnings and other shareholders' equity RetainedEarningsAndOtherShareholdersEquity $42.37M USD Point-in-time
Retained earnings and other shareholders' equity RetainedEarningsAndOtherShareholdersEquity $40.05M USD Point-in-time
Total shareholders' equity StockholdersEquity $71.02M USD Point-in-time
Total shareholders' equity StockholdersEquity $73.12M USD Point-in-time
Total LiabilitiesAndStockholdersEquity $114.62M USD Point-in-time
Total LiabilitiesAndStockholdersEquity $106.80M USD Point-in-time
Income Statement 36 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $19.85M USD 1 Quarter
Net sales SalesRevenueNet $22.73M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $16.55M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $13.37M USD 1 Quarter
Gross profit GrossProfit $6.17M USD 1 Quarter
Gross profit GrossProfit $6.48M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $3.86M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $4.77M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $2.43M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $1.74M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $2.13M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $2.42M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $437.00K USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $4.00K USD 1 Quarter
Total operating expenses OperatingExpenses $7.73M USD 1 Quarter
Total operating expenses OperatingExpenses $10.06M USD 1 Quarter
Gain on disposition of assets GainLossOnDispositionOfAssets $20.00K USD 1 Quarter
Gain on disposition of assets GainLossOnDispositionOfAssets $6.00K USD 1 Quarter
Loss from operations OperatingIncomeLoss $-3.88M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-1.22M USD 1 Quarter
Other income (expense) NonoperatingIncomeExpense $-63.00K USD 1 Quarter
Other income (expense) NonoperatingIncomeExpense $-65.00K USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-1.28M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-3.94M USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-411.00K USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-1.34M USD 1 Quarter
Net loss NetIncomeLoss $-874.00K USD 1 Quarter
Net loss NetIncomeLoss $-2.61M USD 1 Quarter
- basic (in dollars per share) EarningsPerShareBasic $-0.16 USD 1 Quarter
- basic (in dollars per share) EarningsPerShareBasic $-0.42 USD 1 Quarter
- diluted (in dollars per share) EarningsPerShareDiluted $-0.42 USD 1 Quarter
- diluted (in dollars per share) EarningsPerShareDiluted $-0.16 USD 1 Quarter
Shares used in per share calculations - basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 5.30M shares 1 Quarter
Shares used in per share calculations - basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 6.28M shares 1 Quarter
Shares used in per share calculations - diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 5.30M shares 1 Quarter
Shares used in per share calculations - diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 6.28M shares 1 Quarter
Cash Flow Statement 78 line items
Line Item Tag Value Unit Period
Net earnings (loss) NetIncomeLoss $-874.00K USD 1 Quarter
Net earnings (loss) NetIncomeLoss $-2.61M USD 1 Quarter
Gain on disposition of assets GainLossOnDispositionOfAssets $20.00K USD 1 Quarter
Gain on disposition of assets GainLossOnDispositionOfAssets $6.00K USD 1 Quarter
Foreign currency exchange loss ForeignCurrencyTransactionGainLossUnrealized $-31.00K USD 1 Quarter
Foreign currency exchange loss ForeignCurrencyTransactionGainLossUnrealized $-11.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.01M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.37M USD 1 Quarter
Share based payments ShareBasedCompensation $261.00K USD 1 Quarter
Share based payments ShareBasedCompensation $388.00K USD 1 Quarter
Excess tax benefits from share based payments ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $10.00K USD 1 Quarter
Excess tax benefits from share based payments ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $10.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $628.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-141.00K USD 1 Quarter
Deferred rent StraightLineRent $-3.00K USD 1 Quarter
Deferred rent StraightLineRent $8.00K USD 1 Quarter
Bad debt expense ProvisionForDoubtfulAccounts $48.00K USD 1 Quarter
Bad debt expense ProvisionForDoubtfulAccounts $1.00K USD 1 Quarter
Trade accounts receivable IncreaseDecreaseInAccountsReceivable $-5.56M USD 1 Quarter
Trade accounts receivable IncreaseDecreaseInAccountsReceivable $-3.56M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $4.45M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $3.65M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $543.00K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-199.00K USD 1 Quarter
Income taxes receivable IncreaseDecreaseInIncomeTaxesReceivable $1.99M USD 1 Quarter
Income taxes receivable IncreaseDecreaseInIncomeTaxesReceivable $263.00K USD 1 Quarter
Intangibles and other long term assets IncreaseDecreaseInOtherOperatingLiabilities - USD 1 Quarter
Intangibles and other long term assets IncreaseDecreaseInOtherOperatingLiabilities $-142.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-799.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $324.00K USD 1 Quarter
Accrued payroll liabilities and commissions IncreaseDecreaseInEmployeeRelatedLiabilities $-911.00K USD 1 Quarter
Accrued payroll liabilities and commissions IncreaseDecreaseInEmployeeRelatedLiabilities $-3.94M USD 1 Quarter
Customers deposits IncreaseDecreaseInCustomerDeposits $871.00K USD 1 Quarter
Customers deposits IncreaseDecreaseInCustomerDeposits $5.43M USD 1 Quarter
Accrued customer support and warranty costs IncreaseDecreaseInAccruedCustomerSupportAndWarrantyCosts $-72.00K USD 1 Quarter
Accrued customer support and warranty costs IncreaseDecreaseInAccruedCustomerSupportAndWarrantyCosts $-631.00K USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-433.00K USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-15.00K USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInOtherAccruedLiabilities $-248.00K USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInOtherAccruedLiabilities $-517.00K USD 1 Quarter
Other IncreaseDecreaseInOtherNoncurrentLiabilities - USD 1 Quarter
Other IncreaseDecreaseInOtherNoncurrentLiabilities $-1.00K USD 1 Quarter
Cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $2.93M USD 1 Quarter
Cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-5.51M USD 1 Quarter
Proceeds from sale of property ProceedsFromSaleOfPropertyPlantAndEquipment $7.00K USD 1 Quarter
Proceeds from sale of property ProceedsFromSaleOfPropertyPlantAndEquipment $26.00K USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $714.00K USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $352.00K USD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-345.00K USD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-688.00K USD 1 Quarter
Payments on long-term debt RepaymentsOfLongTermDebt $221.00K USD 1 Quarter
Payments on long-term debt RepaymentsOfLongTermDebt $90.00K USD 1 Quarter
Excess tax benefits from share based payments ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $10.00K USD 1 Quarter
Excess tax benefits from share based payments ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $10.00K USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $19.00K USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $17.00K USD 1 Quarter
Exchange of shares for statutory withholding ShareValuePaidForTaxWithholdingForShareBasedCompensation $185.00K USD 1 Quarter
Exchange of shares for statutory withholding ShareValuePaidForTaxWithholdingForShareBasedCompensation $136.00K USD 1 Quarter
Stock buyback PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Stock buyback PaymentsForRepurchaseOfCommonStock $30.00K USD 1 Quarter
Cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-227.00K USD 1 Quarter
Cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-379.00K USD 1 Quarter
EFFECT OF EXCHANGE RATE CHANGES ON CASH EffectOfExchangeRateOnCashAndCashEquivalents $10.00K USD 1 Quarter
EFFECT OF EXCHANGE RATE CHANGES ON CASH EffectOfExchangeRateOnCashAndCashEquivalents $32.00K USD 1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-6.23M USD 1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $2.04M USD 1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD CashAndCashEquivalentsAtCarryingValue $23.75M USD Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD CashAndCashEquivalentsAtCarryingValue $11.37M USD Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD CashAndCashEquivalentsAtCarryingValue $17.60M USD Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD CashAndCashEquivalentsAtCarryingValue $25.80M USD Point-in-time
CASH AND CASH EQUIVALENTS, END OF THE PERIOD CashAndCashEquivalentsAtCarryingValue $23.75M USD Point-in-time
CASH AND CASH EQUIVALENTS, END OF THE PERIOD CashAndCashEquivalentsAtCarryingValue $11.37M USD Point-in-time
CASH AND CASH EQUIVALENTS, END OF THE PERIOD CashAndCashEquivalentsAtCarryingValue $17.60M USD Point-in-time
CASH AND CASH EQUIVALENTS, END OF THE PERIOD CashAndCashEquivalentsAtCarryingValue $25.80M USD Point-in-time
Cash paid during the period for interest InterestPaid $59.00K USD 1 Quarter
Cash paid during the period for interest InterestPaid $69.00K USD 1 Quarter
Cash paid during the period for income taxes IncomeTaxesPaid $8.00K USD 1 Quarter
Cash paid during the period for income taxes IncomeTaxesPaid $451.00K USD 1 Quarter
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Net earnings (loss) NetIncomeLoss $-874.00K USD 1 Quarter
Net earnings (loss) NetIncomeLoss $-2.61M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $55.00K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $373.00K USD 1 Quarter
Unrealized changes in fair value of derivatives OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $29.00K USD 1 Quarter
Unrealized changes in fair value of derivatives OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $61.00K USD 1 Quarter
Income tax expense related to items of comprehensive loss OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $148.00K USD 1 Quarter
Income tax expense related to items of comprehensive loss OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $29.00K USD 1 Quarter
Total comprehensive loss ComprehensiveIncomeNetOfTax $-2.32M USD 1 Quarter
Total comprehensive loss ComprehensiveIncomeNetOfTax $-819.00K USD 1 Quarter

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

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