10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000906193-15-000009 |
| Period End Date | 20141231 |
| Filing Date | 20150206 |
| Fiscal Year | 2015 |
| Fiscal Period | Q1 |
| XBRL Instance | ktec-20141231.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
68 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Trade accounts receivable, allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$415.00K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$4.78M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$17.60M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$11.37M | USD | Point-in-time |
| Trade accounts receivable, allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$378.00K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$9.74M | USD | Point-in-time |
| Trade accounts receivable, net of allowance for doubtful accounts of $378 and $415, respectively |
AccountsReceivableNetCurrent
|
$12.56M | USD | Point-in-time |
| Trade accounts receivable, net of allowance for doubtful accounts of $378 and $415, respectively |
AccountsReceivableNetCurrent
|
$11.49M | USD | Point-in-time |
| Raw materials |
InventoryRawMaterialsNetOfReserves
|
$10.32M | USD | Point-in-time |
| Raw materials |
InventoryRawMaterialsNetOfReserves
|
$12.29M | USD | Point-in-time |
| Work-in-process and sub-assemblies |
InventoryWorkInProcessNetOfReserves
|
$9.10M | USD | Point-in-time |
| Work-in-process and sub-assemblies |
InventoryWorkInProcessNetOfReserves
|
$9.51M | USD | Point-in-time |
| Finished goods |
InventoryFinishedGoodsNetOfReserves
|
$6.79M | USD | Point-in-time |
| Finished goods |
InventoryFinishedGoodsNetOfReserves
|
$6.85M | USD | Point-in-time |
| Total inventories |
InventoryNet
|
$28.17M | USD | Point-in-time |
| Total inventories |
InventoryNet
|
$26.67M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$3.81M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$3.72M | USD | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseCurrent
|
$7.21M | USD | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseCurrent
|
$6.10M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$59.99M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$54.26M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$16.31M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$16.65M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetNoncurrent
|
$2.00M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetNoncurrent
|
$615.00K | USD | Point-in-time |
| Goodwill |
Goodwill
|
$11.22M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$10.87M | USD | Point-in-time |
| Investment in Proditec |
CostMethodInvestments
|
$1.13M | USD | Point-in-time |
| Investment in Proditec |
CostMethodInvestments
|
$1.13M | USD | Point-in-time |
| Intangibles and other assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$8.00M | USD | Point-in-time |
| Intangibles and other assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$8.74M | USD | Point-in-time |
| Total |
Assets
|
$92.56M | USD | Point-in-time |
| Total |
Assets
|
$98.34M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$6.05M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$6.07M | USD | Point-in-time |
| Accrued payroll liabilities and commissions |
EmployeeRelatedLiabilitiesCurrent
|
$4.93M | USD | Point-in-time |
| Accrued payroll liabilities and commissions |
EmployeeRelatedLiabilitiesCurrent
|
$5.89M | USD | Point-in-time |
| Customers' deposits |
CustomerDepositsCurrent
|
$3.70M | USD | Point-in-time |
| Customers' deposits |
CustomerDepositsCurrent
|
$2.72M | USD | Point-in-time |
| Accrued customer support and warranty costs |
AccruedCustomerSupportAndWarrantyCosts
|
$2.61M | USD | Point-in-time |
| Accrued customer support and warranty costs |
AccruedCustomerSupportAndWarrantyCosts
|
$2.08M | USD | Point-in-time |
| Customer purchase plans |
CustomerPurchasePlansDiscounts
|
$1.51M | USD | Point-in-time |
| Customer purchase plans |
CustomerPurchasePlansDiscounts
|
$1.52M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$2.00K | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$1.00K | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
$804.00K | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
$809.00K | USD | Point-in-time |
| Other accrued liabilities |
OtherAccruedLiabilitiesCurrent
|
$1.19M | USD | Point-in-time |
| Other accrued liabilities |
OtherAccruedLiabilitiesCurrent
|
$944.00K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$21.79M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$19.04M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$4.73M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$4.50M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$2.76M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$3.28M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$406.00K | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$373.00K | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$31.41M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$31.54M | 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
|
$33.65M | USD | Point-in-time |
| Retained earnings and other shareholders' equity |
RetainedEarningsAndOtherShareholdersEquity
|
$36.09M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$65.85M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$68.17M | USD | Point-in-time |
| Total |
LiabilitiesAndStockholdersEquity
|
$92.56M | USD | Point-in-time |
| Total |
LiabilitiesAndStockholdersEquity
|
$98.34M | USD | Point-in-time |
Income Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
SalesRevenueNet
|
$20.09M | USD | 1 Quarter |
| Net sales |
SalesRevenueNet
|
$22.73M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$14.62M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$16.55M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$5.48M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$6.17M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$4.07M | 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
|
$2.12M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$2.10M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$2.42M | USD | 1 Quarter |
| Amortization of intangibles |
AmortizationOfIntangibleAssets
|
$402.00K | USD | 1 Quarter |
| Amortization of intangibles |
AmortizationOfIntangibleAssets
|
$437.00K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$8.70M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$10.06M | USD | 1 Quarter |
| Gain on disposition of assets |
GainLossOnDispositionOfAssets
|
$6.00K | USD | 1 Quarter |
| Gain on disposition of assets |
GainLossOnDispositionOfAssets
|
$4.00K | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-3.22M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-3.88M | USD | 1 Quarter |
| Other income (expense) |
NonoperatingIncomeExpense
|
$-10.00K | USD | 1 Quarter |
| Other income (expense) |
NonoperatingIncomeExpense
|
$-65.00K | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$-3.23M | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$-3.94M | USD | 1 Quarter |
| Income tax benefit |
IncomeTaxExpenseBenefit
|
$-1.34M | USD | 1 Quarter |
| Income tax benefit |
IncomeTaxExpenseBenefit
|
$-1.40M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-1.83M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-2.61M | USD | 1 Quarter |
| - basic (in dollars per share) |
EarningsPerShareBasic
|
$-0.42 | USD | 1 Quarter |
| - basic (in dollars per share) |
EarningsPerShareBasic
|
$-0.29 | USD | 1 Quarter |
| - diluted (in dollars per share) |
EarningsPerShareDiluted
|
$-0.42 | USD | 1 Quarter |
| - diluted (in dollars per share) |
EarningsPerShareDiluted
|
$-0.29 | USD | 1 Quarter |
| Shares used in per share calculations - basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
6.28M | shares | 1 Quarter |
| Shares used in per share calculations - basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
6.29M | shares | 1 Quarter |
| Shares used in per share calculations - diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
6.28M | shares | 1 Quarter |
| Shares used in per share calculations - diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
6.29M | shares | 1 Quarter |
Cash Flow Statement
74 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings (loss) |
NetIncomeLoss
|
$-1.83M | USD | 1 Quarter |
| Net earnings (loss) |
NetIncomeLoss
|
$-2.61M | USD | 1 Quarter |
| Gain on disposition of assets |
GainLossOnDispositionOfAssets
|
$6.00K | USD | 1 Quarter |
| Gain on disposition of assets |
GainLossOnDispositionOfAssets
|
$4.00K | USD | 1 Quarter |
| Foreign currency exchange (gain) loss |
ForeignCurrencyTransactionGainLossUnrealized
|
$18.00K | USD | 1 Quarter |
| Foreign currency exchange (gain) loss |
ForeignCurrencyTransactionGainLossUnrealized
|
$-11.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.31M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.37M | USD | 1 Quarter |
| Share based payments |
ShareBasedCompensation
|
$356.00K | USD | 1 Quarter |
| Share based payments |
ShareBasedCompensation
|
$388.00K | USD | 1 Quarter |
| Excess tax benefits from share based payments |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$4.00K | 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
|
$-1.41M | USD | 1 Quarter |
| Deferred rent |
StraightLineRent
|
$-4.00K | USD | 1 Quarter |
| Deferred rent |
StraightLineRent
|
$-3.00K | USD | 1 Quarter |
| Bad debt expense |
ProvisionForDoubtfulAccounts
|
$-22.00K | USD | 1 Quarter |
| Bad debt expense |
ProvisionForDoubtfulAccounts
|
$48.00K | USD | 1 Quarter |
| Trade accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-957.00K | USD | 1 Quarter |
| Trade accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-5.56M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$1.85M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$3.65M | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-1.14M | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-199.00K | USD | 1 Quarter |
| Income taxes receivable |
IncreaseDecreaseInIncomeTaxesReceivable
|
$10.00K | USD | 1 Quarter |
| Income taxes receivable |
IncreaseDecreaseInIncomeTaxesReceivable
|
$1.99M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$20.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-799.00K | USD | 1 Quarter |
| Accrued payroll liabilities and commissions |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$-865.00K | 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
|
$-902.00K | USD | 1 Quarter |
| Accrued customer support and warranty costs |
IncreaseDecreaseInAccruedCustomerSupportAndWarrantyCosts
|
$-631.00K | USD | 1 Quarter |
| Accrued customer support and warranty costs |
IncreaseDecreaseInAccruedCustomerSupportAndWarrantyCosts
|
$-490.00K | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-433.00K | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
- | USD | 1 Quarter |
| Other accrued liabilities |
IncreaseDecreaseInOtherAccruedLiabilities
|
$-517.00K | USD | 1 Quarter |
| Other accrued liabilities |
IncreaseDecreaseInOtherAccruedLiabilities
|
$-242.00K | USD | 1 Quarter |
| Other |
IncreaseDecreaseInOtherNoncurrentLiabilities
|
$-5.00K | USD | 1 Quarter |
| Other |
IncreaseDecreaseInOtherNoncurrentLiabilities
|
$-1.00K | USD | 1 Quarter |
| Cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-3.86M | USD | 1 Quarter |
| Cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-5.51M | USD | 1 Quarter |
| Proceeds from sale of property |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$3.00K | USD | 1 Quarter |
| Proceeds from sale of property |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$7.00K | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$624.00K | 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
|
$-621.00K | USD | 1 Quarter |
| Payments on long-term debt |
RepaymentsOfLongTermDebt
|
$221.00K | USD | 1 Quarter |
| Payments on long-term debt |
RepaymentsOfLongTermDebt
|
$181.00K | USD | 1 Quarter |
| Excess tax benefits from share based payments |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$4.00K | USD | 1 Quarter |
| Excess tax benefits from share based payments |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$10.00K | USD | 1 Quarter |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$15.00K | USD | 1 Quarter |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$17.00K | USD | 1 Quarter |
| Exchange of shares for statutory withholding |
ShareValuePaidForTaxWithholdingForShareBasedCompensation
|
$245.00K | USD | 1 Quarter |
| Exchange of shares for statutory withholding |
ShareValuePaidForTaxWithholdingForShareBasedCompensation
|
$185.00K | USD | 1 Quarter |
| Cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-407.00K | USD | 1 Quarter |
| Cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-379.00K | USD | 1 Quarter |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-79.00K | USD | 1 Quarter |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$10.00K | USD | 1 Quarter |
| NET DECREASE IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-6.23M | USD | 1 Quarter |
| NET DECREASE IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-4.96M | USD | 1 Quarter |
| CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$4.78M | 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
|
$11.37M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$9.74M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, END OF THE PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$4.78M | 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
|
$11.37M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, END OF THE PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$9.74M | USD | Point-in-time |
| Cash paid during the period for interest |
InterestPaid
|
$62.00K | 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
|
$5.00K | 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
|
$-1.83M | USD | 1 Quarter |
| Net earnings (loss) |
NetIncomeLoss
|
$-2.61M | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
|
$-900.00K | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
|
$373.00K | USD | 1 Quarter |
| Unrealized changes in fair value of derivatives |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
$61.00K | USD | 1 Quarter |
| Unrealized changes in fair value of derivatives |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
$-34.00K | USD | 1 Quarter |
| Income tax (expense) benefit related to items of comprehensive income (loss) |
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
$-319.00K | USD | 1 Quarter |
| Income tax (expense) benefit related to items of comprehensive income (loss) |
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
$148.00K | USD | 1 Quarter |
| Total comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-2.32M | USD | 1 Quarter |
| Total comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-2.44M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.