10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000906193-18-000019 |
| Period End Date | 20171231 |
| Filing Date | 20180213 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | ktec-20171231.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Trade accounts receivable, allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$299.00K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$10.49M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$5.34M | USD | Point-in-time |
| Trade accounts receivable, allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$284.00K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$7.21M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$9.34M | USD | Point-in-time |
| Trade accounts receivable, net of allowance for doubtful accounts of $284 and $299, respectively |
AccountsReceivableNetCurrent
|
$21.45M | USD | Point-in-time |
| Trade accounts receivable, net of allowance for doubtful accounts of $284 and $299, respectively |
AccountsReceivableNetCurrent
|
$20.18M | USD | Point-in-time |
| Raw materials |
InventoryRawMaterialsNetOfReserves
|
$12.61M | USD | Point-in-time |
| Raw materials |
InventoryRawMaterialsNetOfReserves
|
$14.94M | USD | Point-in-time |
| Work-in-process and sub-assemblies |
InventoryWorkInProcessNetOfReserves
|
$16.54M | USD | Point-in-time |
| Work-in-process and sub-assemblies |
InventoryWorkInProcessNetOfReserves
|
$15.27M | USD | Point-in-time |
| Finished goods |
InventoryFinishedGoodsNetOfReserves
|
$10.01M | USD | Point-in-time |
| Finished goods |
InventoryFinishedGoodsNetOfReserves
|
$9.44M | USD | Point-in-time |
| Total inventories |
InventoryNet
|
$40.23M | USD | Point-in-time |
| Total inventories |
InventoryNet
|
$38.59M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$4.77M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
- | USD | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseCurrent
|
$4.66M | USD | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseCurrent
|
$4.44M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$77.31M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$71.68M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$12.91M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$13.28M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetNoncurrent
|
$2.90M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetNoncurrent
|
$1.30M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$10.62M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$10.81M | 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
|
$4.43M | USD | Point-in-time |
| Intangibles and other assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$4.57M | USD | Point-in-time |
| Total |
Assets
|
$104.22M | USD | Point-in-time |
| Total |
Assets
|
$107.84M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$10.06M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$10.49M | USD | Point-in-time |
| Accrued payroll liabilities and commissions |
EmployeeRelatedLiabilitiesCurrent
|
$7.11M | USD | Point-in-time |
| Accrued payroll liabilities and commissions |
EmployeeRelatedLiabilitiesCurrent
|
$7.71M | USD | Point-in-time |
| Customers' deposits |
CustomerDepositsCurrent
|
$8.09M | USD | Point-in-time |
| Customers' deposits |
CustomerDepositsCurrent
|
$8.38M | USD | Point-in-time |
| Accrued customer support and warranty costs |
AccruedCustomerSupportAndWarrantyCosts
|
$2.28M | USD | Point-in-time |
| Accrued customer support and warranty costs |
AccruedCustomerSupportAndWarrantyCosts
|
$2.42M | USD | Point-in-time |
| Customer purchase plans |
CustomerPurchasePlansDiscounts
|
$1.04M | USD | Point-in-time |
| Customer purchase plans |
CustomerPurchasePlansDiscounts
|
$1.16M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$1.36M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$1.36M | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
$4.57M | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
$4.45M | USD | Point-in-time |
| Other accrued liabilities |
OtherAccruedLiabilitiesCurrent
|
$1.92M | USD | Point-in-time |
| Other accrued liabilities |
OtherAccruedLiabilitiesCurrent
|
$2.06M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$37.00M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$37.45M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
- | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$1.51M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$222.00K | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$205.00K | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$34.96M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$34.81M | USD | Point-in-time |
| Retained earnings and other shareholders' equity |
RetainedEarningsAndOtherShareholdersEquity
|
$32.21M | USD | Point-in-time |
| Retained earnings and other shareholders' equity |
RetainedEarningsAndOtherShareholdersEquity
|
$33.69M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$68.65M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$67.02M | USD | Point-in-time |
| Total |
LiabilitiesAndStockholdersEquity
|
$107.84M | USD | Point-in-time |
| Total |
LiabilitiesAndStockholdersEquity
|
$104.22M | 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
|
$31.27M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$22.71M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$18.13M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$8.57M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$9.23M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$4.32M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$4.65M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$2.49M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$2.67M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$2.16M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$2.09M | USD | 1 Quarter |
| Amortization of intangibles |
AmortizationOfIntangibleAssets
|
$218.00K | USD | 1 Quarter |
| Amortization of intangibles |
AmortizationOfIntangibleAssets
|
$227.00K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$9.69M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$9.13M | USD | 1 Quarter |
| Gain on disposition of assets |
GainLossOnDispositionOfAssets
|
- | USD | 1 Quarter |
| Gain on disposition of assets |
GainLossOnDispositionOfAssets
|
$2.00K | USD | 1 Quarter |
| Income (loss) from operations |
OperatingIncomeLoss
|
$101.00K | USD | 1 Quarter |
| Income (loss) from operations |
OperatingIncomeLoss
|
$-1.13M | USD | 1 Quarter |
| Other income (expense) |
NonoperatingIncomeExpense
|
$-78.00K | USD | 1 Quarter |
| Other income (expense) |
NonoperatingIncomeExpense
|
$-210.00K | USD | 1 Quarter |
| Earnings (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$23.00K | USD | 1 Quarter |
| Earnings (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$-1.34M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$8.00K | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$713.00K | USD | 1 Quarter |
| Net earnings (loss) |
NetIncomeLoss
|
$15.00K | USD | 1 Quarter |
| Net earnings (loss) |
NetIncomeLoss
|
$-2.05M | USD | 1 Quarter |
| - basic (in dollars per share) |
EarningsPerShareBasic
|
- | USD | 1 Quarter |
| - basic (in dollars per share) |
EarningsPerShareBasic
|
$-0.32 | USD | 1 Quarter |
| - diluted (in dollars per share) |
EarningsPerShareDiluted
|
- | USD | 1 Quarter |
| - diluted (in dollars per share) |
EarningsPerShareDiluted
|
$-0.32 | USD | 1 Quarter |
| Shares used in per share calculations - basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
6.38M | shares | 1 Quarter |
| Shares used in per share calculations - basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
6.48M | shares | 1 Quarter |
| Shares used in per share calculations - diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
6.48M | shares | 1 Quarter |
| Shares used in per share calculations - diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
6.38M | shares | 1 Quarter |
Cash Flow Statement
74 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings (loss) |
NetIncomeLoss
|
$15.00K | USD | 1 Quarter |
| Net earnings (loss) |
NetIncomeLoss
|
$-2.05M | USD | 1 Quarter |
| Gain on disposition of assets |
GainLossOnDispositionOfAssets
|
- | USD | 1 Quarter |
| Gain on disposition of assets |
GainLossOnDispositionOfAssets
|
$2.00K | USD | 1 Quarter |
| Foreign currency exchange (gain) loss |
ForeignCurrencyTransactionGainLossUnrealized
|
$-50.00K | USD | 1 Quarter |
| Foreign currency exchange (gain) loss |
ForeignCurrencyTransactionGainLossUnrealized
|
$75.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.02M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.01M | USD | 1 Quarter |
| Share based payments |
ShareBasedCompensation
|
$231.00K | 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 |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$29.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$1.54M | USD | 1 Quarter |
| Change in fair value of derivatives |
UnrealizedGainLossOnDerivatives
|
$23.00K | USD | 1 Quarter |
| Change in fair value of derivatives |
UnrealizedGainLossOnDerivatives
|
$46.00K | USD | 1 Quarter |
| Deferred rent |
StraightLineRent
|
$-1.00K | USD | 1 Quarter |
| Deferred rent |
StraightLineRent
|
$-2.00K | USD | 1 Quarter |
| Bad debt expense |
ProvisionForDoubtfulAccounts
|
$18.00K | USD | 1 Quarter |
| Bad debt expense |
ProvisionForDoubtfulAccounts
|
- | USD | 1 Quarter |
| Trade accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$1.14M | USD | 1 Quarter |
| Trade accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$2.65M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$3.86M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$1.54M | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-608.00K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$384.00K | USD | 1 Quarter |
| Income taxes receivable |
IncreaseDecreaseInIncomeTaxesReceivable
|
$804.00K | USD | 1 Quarter |
| Income taxes receivable |
IncreaseDecreaseInIncomeTaxesReceivable
|
- | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-467.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$1.53M | USD | 1 Quarter |
| Accrued payroll liabilities and commissions |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$-677.00K | USD | 1 Quarter |
| Accrued payroll liabilities and commissions |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$557.00K | USD | 1 Quarter |
| Customers deposits |
IncreaseDecreaseInCustomerDeposits
|
$213.00K | USD | 1 Quarter |
| Customers deposits |
IncreaseDecreaseInCustomerDeposits
|
$1.83M | USD | 1 Quarter |
| Accrued customer support and warranty costs |
IncreaseDecreaseInAccruedCustomerSupportAndWarrantyCosts
|
$-91.00K | USD | 1 Quarter |
| Accrued customer support and warranty costs |
IncreaseDecreaseInAccruedCustomerSupportAndWarrantyCosts
|
$124.00K | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-36.00K | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-24.00K | USD | 1 Quarter |
| Other accrued liabilities |
IncreaseDecreaseInOtherAccruedLiabilities
|
$-524.00K | USD | 1 Quarter |
| Other accrued liabilities |
IncreaseDecreaseInOtherAccruedLiabilities
|
$227.00K | USD | 1 Quarter |
| Other |
IncreaseDecreaseInOtherNoncurrentLiabilities
|
$-1.00K | USD | 1 Quarter |
| Other |
IncreaseDecreaseInOtherNoncurrentLiabilities
|
$2.00K | USD | 1 Quarter |
| Cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-2.71M | USD | 1 Quarter |
| Cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-2.42M | USD | 1 Quarter |
| Proceeds from sale of property |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$2.00K | USD | 1 Quarter |
| Proceeds from sale of property |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
- | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$393.00K | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$860.00K | USD | 1 Quarter |
| Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-860.00K | USD | 1 Quarter |
| Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-391.00K | USD | 1 Quarter |
| Payments on long-term debt |
RepaymentsOfLongTermDebt
|
$120.00K | USD | 1 Quarter |
| Payments on long-term debt |
RepaymentsOfLongTermDebt
|
$163.00K | USD | 1 Quarter |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$9.00K | USD | 1 Quarter |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$10.00K | USD | 1 Quarter |
| Exchange of shares for statutory withholding |
ShareValuePaidForTaxWithholdingForShareBasedCompensation
|
$387.00K | USD | 1 Quarter |
| Exchange of shares for statutory withholding |
ShareValuePaidForTaxWithholdingForShareBasedCompensation
|
$212.00K | USD | 1 Quarter |
| Cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-497.00K | USD | 1 Quarter |
| Cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-366.00K | USD | 1 Quarter |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$69.00K | USD | 1 Quarter |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-109.00K | USD | 1 Quarter |
| NET DECREASE IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-3.28M | USD | 1 Quarter |
| NET DECREASE IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-3.99M | USD | 1 Quarter |
| CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$10.49M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$5.34M | 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
|
$9.34M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, END OF THE PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$10.49M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, END OF THE PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$5.34M | 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
|
$9.34M | USD | Point-in-time |
| Cash paid during the period for interest |
InterestPaid
|
$79.00K | USD | 1 Quarter |
| Cash paid during the period for interest |
InterestPaid
|
$84.00K | USD | 1 Quarter |
| Cash paid during the period for income taxes |
IncomeTaxesPaidNet
|
$7.00K | 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
|
$15.00K | USD | 1 Quarter |
| Net earnings (loss) |
NetIncomeLoss
|
$-2.05M | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
|
$665.00K | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
|
$-1.30M | 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
|
$176.00K | USD | 1 Quarter |
| Total comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-1.55M | 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.