Company profile

Ticker
SCCI
Exchange
Employees
Incorporated in
Location
Fiscal year end
Former names
Superconductive Components Inc
SEC CIK
IRS number
310121318

SCCI stock data

(
)

Calendar

5 Aug 19
19 Aug 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 2.74M 4.02M 4.32M 2.65M
Net income 166.42K 155.34K 365.5K 144.13K
Diluted EPS 0.04 0.03 0.09 0.03
Net profit margin 6.07% 3.87% 8.46% 5.43%
Operating income 181.09K 159.01K 370.47K 146.7K
Net change in cash 298.67K -303.18K -459.9K -319.55K
Cash on hand 1.8M 1.5M 1.8M 2.26M
Cost of revenue 2.05M 3.32M 1.99M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 11.36M 6.8M
Net income 907.87K 6.09K -706.05K -149.3K
Diluted EPS 0.21 0 -0.18 -0.04
Net profit margin 7.99% 0.09%
Operating income 934.87K 49.12K -660.96K -92.6K
Net change in cash 882.04K 190.45K -266.82K -14.79K
Cash on hand 1.8M 920.8K 730.35K 997.17K
Cost of revenue 8.46M 5.22M 4.38M 6.08M

Financial data from company earnings reports

Financial report summary

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Competition
Materion
Management Discussion
  • For the three months ended June 30, 2019, we had total revenue of $2,741,948. This was an increase of $198,197, or 7.8%, compared to the three months ended June 30, 2018. For the six months ended June 30, 2019, we had total revenue of $6,756,986, compared to $4,390,609 for the same period in 2018. This was an increase of $2,366,377 or 53.9%, compared to the six months ended June 30, 2018. Volume and pricing was higher in our photonics market and volume was lower in our thin film solar market for the six months ended June 30, 2019.Tariffs are currently impacting thin film solar order rates and shipments.
  • Gross profit was $694,669 for the three months ended June 30, 2019 compared to $789,529 for the same three months in 2018. This was a decrease of $94,860, or 12.0%. Gross margin was 25.3% for the second quarter of 2019 compared to 31.0% for the same period in 2018. Gross profit was $1,390,971 for the six months ended June 30, 2019 compared to $1,251,541 for the first six months of 2018. This was an increase of $139,430 or 11.1%. Gross margin was 20.6% for the first six months of 2019 compared to 28.5% for the same period in 2018. The increase in gross profit was primarily due to increased volume and pricing in our photonics market. A certain raw material related to the increased volume had an increase in pricing which contributed to a lower gross margin which impacted overall gross margin.
  • General and administrative expense for the three months ended June 30, 2019 and 2018, was $349,636 and $282,539, respectively, an increase of 23.7%. This increase was primarily related to higher director compensation of approximately $18,000, wages and compensation of approximately $12,000, start-up training costs at KFMI in China of approximately $10,000 and higher professional fees of approximately $9,000.
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New words: enhance, long, rent, requisite, salary, training
Removed: absolute, Agency, Air, approved, Authority, borrow, charged, commitment, degree, Department, design, detect, detected, deteriorate, Direct, earned, Energy, fact, fee, finalized, fixed, fraud, improvement, inadequate, maximum, met, OAQDA, ODOD, ODSA, Program, Quality, reduced, scheduled, servicing, subject, subsequently, system, travel