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10-Q Filing

KEY TECHNOLOGY INC CIK: 906193 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0000906193-17-000005
Period End Date 20161231
Filing Date 20170203
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance ktec-20161231.xml
Filing Contents
Balance Sheet 64 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $6.37M USD Point-in-time
Trade accounts receivable, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $256.00K USD Point-in-time
Trade accounts receivable, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $266.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $7.73M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $7.21M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $10.49M USD Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $256 and $266, respectively AccountsReceivableNetCurrent $14.02M USD Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $256 and $266, respectively AccountsReceivableNetCurrent $16.30M USD Point-in-time
Raw materials InventoryRawMaterialsNetOfReserves $12.97M USD Point-in-time
Raw materials InventoryRawMaterialsNetOfReserves $11.69M USD Point-in-time
Work-in-process and sub-assemblies InventoryWorkInProcessNetOfReserves $12.19M USD Point-in-time
Work-in-process and sub-assemblies InventoryWorkInProcessNetOfReserves $14.27M USD Point-in-time
Finished goods InventoryFinishedGoodsNetOfReserves $6.57M USD Point-in-time
Finished goods InventoryFinishedGoodsNetOfReserves $6.81M USD Point-in-time
Total inventories InventoryNet $33.81M USD Point-in-time
Total inventories InventoryNet $30.69M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $3.93M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $3.92M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseCurrent $3.68M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseCurrent $3.29M USD Point-in-time
Total current assets AssetsCurrent $62.42M USD Point-in-time
Total current assets AssetsCurrent $64.93M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $13.30M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $13.79M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $3.00M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $3.27M USD Point-in-time
Goodwill Goodwill $9.76M USD Point-in-time
Goodwill Goodwill $10.28M 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 $5.37M USD Point-in-time
Intangibles and other assets, net IntangibleAssetsNetExcludingGoodwill $4.78M USD Point-in-time
Total Assets $95.98M USD Point-in-time
Total Assets $97.16M USD Point-in-time
Accounts payable AccountsPayableCurrent $8.76M USD Point-in-time
Accounts payable AccountsPayableCurrent $7.38M USD Point-in-time
Accrued payroll liabilities and commissions EmployeeRelatedLiabilitiesCurrent $5.34M USD Point-in-time
Accrued payroll liabilities and commissions EmployeeRelatedLiabilitiesCurrent $4.93M USD Point-in-time
Customers' deposits CustomerDepositsCurrent $10.54M USD Point-in-time
Customers' deposits CustomerDepositsCurrent $9.14M USD Point-in-time
Accrued customer support and warranty costs AccruedCustomerSupportAndWarrantyCosts $2.04M USD Point-in-time
Accrued customer support and warranty costs AccruedCustomerSupportAndWarrantyCosts $2.20M USD Point-in-time
Customer purchase plans CustomerPurchasePlansDiscounts $754.00K USD Point-in-time
Customer purchase plans CustomerPurchasePlansDiscounts $1.12M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $527.00K USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $587.00K USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $702.00K USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $956.00K USD Point-in-time
Total current liabilities LiabilitiesCurrent $26.32M USD Point-in-time
Total current liabilities LiabilitiesCurrent $28.67M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $4.57M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $4.45M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $1.56M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $1.76M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $301.00K USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $348.00K USD Point-in-time
Common stock CommonStockValue $34.27M USD Point-in-time
Common stock CommonStockValue $34.24M USD Point-in-time
Retained earnings and other shareholders' equity RetainedEarningsAndOtherShareholdersEquity $28.76M USD Point-in-time
Retained earnings and other shareholders' equity RetainedEarningsAndOtherShareholdersEquity $27.92M USD Point-in-time
Total shareholders' equity StockholdersEquity $62.19M USD Point-in-time
Total shareholders' equity StockholdersEquity $62.99M USD Point-in-time
Total LiabilitiesAndStockholdersEquity $95.98M USD Point-in-time
Total LiabilitiesAndStockholdersEquity $97.16M USD Point-in-time
Income Statement 36 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $27.36M USD 1 Quarter
Net sales SalesRevenueNet $24.80M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $17.82M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $18.13M USD 1 Quarter
Gross profit GrossProfit $6.98M USD 1 Quarter
Gross profit GrossProfit $9.23M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $4.32M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $4.07M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $2.49M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $2.28M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $2.69M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $2.09M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $349.00K USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $227.00K USD 1 Quarter
Total operating expenses OperatingExpenses $9.13M USD 1 Quarter
Total operating expenses OperatingExpenses $9.38M USD 1 Quarter
Gain on disposition of assets GainLossOnDispositionOfAssets $2.00K USD 1 Quarter
Gain on disposition of assets GainLossOnDispositionOfAssets $8.00K USD 1 Quarter
Earnings (loss) from operations OperatingIncomeLoss $-2.40M USD 1 Quarter
Earnings (loss) from operations OperatingIncomeLoss $101.00K USD 1 Quarter
Other income (expense) NonoperatingIncomeExpense $-78.00K USD 1 Quarter
Other income (expense) NonoperatingIncomeExpense $-339.00K USD 1 Quarter
Earnings (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-2.73M USD 1 Quarter
Earnings (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $23.00K USD 1 Quarter
Income tax expense (benefit) IncomeTaxExpenseBenefit $8.00K USD 1 Quarter
Income tax expense (benefit) IncomeTaxExpenseBenefit $-1.03M USD 1 Quarter
Net earnings (loss) NetIncomeLoss $-1.70M USD 1 Quarter
Net earnings (loss) NetIncomeLoss $15.00K USD 1 Quarter
- basic (in dollars per share) EarningsPerShareBasic - USD 1 Quarter
- basic (in dollars per share) EarningsPerShareBasic $-0.27 USD 1 Quarter
- diluted (in dollars per share) EarningsPerShareDiluted - USD 1 Quarter
- diluted (in dollars per share) EarningsPerShareDiluted $-0.27 USD 1 Quarter
Shares used in per share calculations - basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 6.26M shares 1 Quarter
Shares used in per share calculations - basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 6.38M shares 1 Quarter
Shares used in per share calculations - diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 6.38M shares 1 Quarter
Shares used in per share calculations - diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 6.26M shares 1 Quarter
Cash Flow Statement 80 line items
Line Item Tag Value Unit Period
Net earnings (loss) NetIncomeLoss $-1.70M USD 1 Quarter
Net earnings (loss) NetIncomeLoss $15.00K USD 1 Quarter
Gain on disposition of assets GainLossOnDispositionOfAssets $2.00K USD 1 Quarter
Gain on disposition of assets GainLossOnDispositionOfAssets $8.00K USD 1 Quarter
Foreign currency exchange (gain) loss ForeignCurrencyTransactionGainLossUnrealized $75.00K USD 1 Quarter
Foreign currency exchange (gain) loss ForeignCurrencyTransactionGainLossUnrealized $-188.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.33M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.02M USD 1 Quarter
Share based payments ShareBasedCompensation $326.00K USD 1 Quarter
Share based payments ShareBasedCompensation $262.00K USD 1 Quarter
Reclassification from other comprehensive income OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-6.00K USD 1 Quarter
Reclassification from other comprehensive income OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-6.00K USD 1 Quarter
Excess tax benefits from share based payments ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $5.00K USD 1 Quarter
Excess tax benefits from share based payments ExcessTaxBenefitFromShareBasedCompensationOperatingActivities - USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $29.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-648.00K USD 1 Quarter
Change in fair value of derivatives UnrealizedGainLossOnDerivatives - USD 1 Quarter
Change in fair value of derivatives UnrealizedGainLossOnDerivatives $46.00K USD 1 Quarter
Deferred rent StraightLineRent $-2.00K USD 1 Quarter
Deferred rent StraightLineRent $-2.00K USD 1 Quarter
Bad debt expense ProvisionForDoubtfulAccounts $5.00K USD 1 Quarter
Bad debt expense ProvisionForDoubtfulAccounts - USD 1 Quarter
Trade accounts receivable IncreaseDecreaseInAccountsReceivable $-298.00K USD 1 Quarter
Trade accounts receivable IncreaseDecreaseInAccountsReceivable $2.65M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $1.68M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $3.86M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $384.00K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-299.00K USD 1 Quarter
Income taxes receivable IncreaseDecreaseInIncomeTaxesReceivable $378.00K USD 1 Quarter
Income taxes receivable IncreaseDecreaseInIncomeTaxesReceivable - USD 1 Quarter
Intangibles and other long term assets IncreaseDecreaseInOtherOperatingLiabilities $-33.00K USD 1 Quarter
Intangibles and other long term assets IncreaseDecreaseInOtherOperatingLiabilities - USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $1.53M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-1.83M USD 1 Quarter
Accrued payroll liabilities and commissions IncreaseDecreaseInEmployeeRelatedLiabilities $557.00K USD 1 Quarter
Accrued payroll liabilities and commissions IncreaseDecreaseInEmployeeRelatedLiabilities $28.00K USD 1 Quarter
Customers deposits IncreaseDecreaseInCustomerDeposits $3.17M USD 1 Quarter
Customers deposits IncreaseDecreaseInCustomerDeposits $1.83M USD 1 Quarter
Accrued customer support and warranty costs IncreaseDecreaseInAccruedCustomerSupportAndWarrantyCosts $-125.00K USD 1 Quarter
Accrued customer support and warranty costs IncreaseDecreaseInAccruedCustomerSupportAndWarrantyCosts $-91.00K USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-15.00K USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-24.00K USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInOtherAccruedLiabilities $76.00K USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInOtherAccruedLiabilities $-524.00K USD 1 Quarter
Other IncreaseDecreaseInOtherNoncurrentLiabilities $3.00K USD 1 Quarter
Other IncreaseDecreaseInOtherNoncurrentLiabilities $-1.00K USD 1 Quarter
Cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-2.42M USD 1 Quarter
Cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-697.00K USD 1 Quarter
Proceeds from sale of property ProceedsFromSaleOfPropertyPlantAndEquipment $2.00K USD 1 Quarter
Proceeds from sale of property ProceedsFromSaleOfPropertyPlantAndEquipment $12.00K USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $393.00K USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $253.00K USD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-391.00K USD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-241.00K USD 1 Quarter
Payments on long-term debt RepaymentsOfLongTermDebt $163.00K USD 1 Quarter
Payments on long-term debt RepaymentsOfLongTermDebt $177.00K USD 1 Quarter
Excess tax benefits from share based payments ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $5.00K USD 1 Quarter
Excess tax benefits from share based payments ExcessTaxBenefitFromShareBasedCompensationFinancingActivities - USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $9.00K USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $13.00K USD 1 Quarter
Exchange of shares for statutory withholding ShareValuePaidForTaxWithholdingForShareBasedCompensation $254.00K USD 1 Quarter
Exchange of shares for statutory withholding ShareValuePaidForTaxWithholdingForShareBasedCompensation $212.00K USD 1 Quarter
Cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-366.00K USD 1 Quarter
Cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-413.00K USD 1 Quarter
EFFECT OF EXCHANGE RATE CHANGES ON CASH EffectOfExchangeRateOnCashAndCashEquivalents $-1.00K USD 1 Quarter
EFFECT OF EXCHANGE RATE CHANGES ON CASH EffectOfExchangeRateOnCashAndCashEquivalents $-109.00K USD 1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-1.35M USD 1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-3.28M USD 1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD CashAndCashEquivalentsAtCarryingValue $6.37M USD Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD CashAndCashEquivalentsAtCarryingValue $7.73M USD Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD CashAndCashEquivalentsAtCarryingValue $7.21M USD Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD CashAndCashEquivalentsAtCarryingValue $10.49M USD Point-in-time
CASH AND CASH EQUIVALENTS, END OF THE PERIOD CashAndCashEquivalentsAtCarryingValue $6.37M USD Point-in-time
CASH AND CASH EQUIVALENTS, END OF THE PERIOD CashAndCashEquivalentsAtCarryingValue $7.73M USD Point-in-time
CASH AND CASH EQUIVALENTS, END OF THE PERIOD CashAndCashEquivalentsAtCarryingValue $7.21M USD Point-in-time
CASH AND CASH EQUIVALENTS, END OF THE PERIOD CashAndCashEquivalentsAtCarryingValue $10.49M USD Point-in-time
Cash paid during the period for interest InterestPaid $84.00K USD 1 Quarter
Cash paid during the period for interest InterestPaid $110.00K USD 1 Quarter
Cash paid during the period for income taxes IncomeTaxesPaidNet $5.00K USD 1 Quarter
Cash paid during the period for income taxes IncomeTaxesPaidNet $3.00K USD 1 Quarter
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Net earnings (loss) NetIncomeLoss $-1.70M USD 1 Quarter
Net earnings (loss) NetIncomeLoss $15.00K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $-1.30M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $-605.00K USD 1 Quarter
Reclassification adjustment for foreign currency translation included in net earnings (loss) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax $-6.00K USD 1 Quarter
Reclassification adjustment for foreign currency translation included in net earnings (loss) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax $-6.00K USD 1 Quarter
Income tax (expense) benefit related to items of comprehensive income (loss) OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $-441.00K USD 1 Quarter
Income tax (expense) benefit related to items of comprehensive income (loss) OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $-204.00K USD 1 Quarter
Total comprehensive loss ComprehensiveIncomeNetOfTax $-2.09M USD 1 Quarter
Total comprehensive loss ComprehensiveIncomeNetOfTax $-839.00K USD 1 Quarter

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

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