Perceptron Earnings 2020-09-30

Balance Sheet	Income Statement	Cash Flow
Assets, Equity	Rev, G Profit, Net Income	Ops, Inv, Fin

prcp-10q_20200930.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2020

☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________ to ___________

Commission file number: 0-20206

PERCEPTRON, INC.

(Exact Name of Registrant as Specified in Its Charter)

Michigan

(State or Other Jurisdiction of

Incorporation or Organization)

38-2381442

(I.R.S. Employer

Identification No.)

47827 Halyard Drive, Plymouth, Michigan

(Address of Principal Executive Offices)

48170-2461

(Zip Code)

(734) 414-6100

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.01 par value Rights to Purchase Preferred Stock	PRCP	The Nasdaq Stock Market LLC Nasdaq Global Market

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.


Yes ☑	No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).


Yes ☑	No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.:

Large accelerated filer	☐	Accelerated filer	☐

Non-accelerated filer	☑	Smaller reporting company	☑

Emerging growth company	☐

If an emerging growth company, indicated by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).


Yes ☐	No☑

As of November 10, 2020, there were 9,779,547 shares of common stock ($0.01 par value per share) are outstanding.

PERCEPTRON, INC. AND SUBSIDIARIES

INDEX TO FORM 10-Q

For the Quarter Ended September 30, 2020

		Page Number
COVER		1

INDEX		2

PART I. FINANCIAL INFORMATION
Item 1. Financial Statements		3
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations		21
Item 4. Controls and Procedures		27

PART II. OTHER INFORMATION
Item 1A. Risk Factors		28
Item 6. Exhibits		29

SIGNATURES		30

PERCEPTRON, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

	September 30,			June 30,
(In Thousands, Except Per Share Amount)	2020			2020
	(unaudited)
ASSETS
Current Assets
Cash and cash equivalents	$	12,868		$	10,621
Short-term investments		427			355
Receivables:
Billed receivables, net of allowance for doubtful accounts of $620 and $586, respectively		21,996			25,465
Unbilled receivables, net		6,386			4,784
Other receivables		511			404
Inventories, net of reserves of $2,019 and $1,929 respectively		10,280			10,387
Other current assets		3,355			1,854
Total current assets		55,823			53,870

Property and Equipment, Net		5,677			5,750
Intangible Assets, Net		978			1,100
Right of Use Assets		3,823			3,668
Long-Term Investment		725			725
Long-Term Deferred Income Tax Assets		595			469

Total Assets	$	67,621		$	65,582

LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities
Line of credit and current portion of long-term debt	$	3,083		$	2,808
Accounts payable		6,337			6,667
Accrued liabilities and expenses		3,433			3,368
Accrued compensation		1,854			1,314
Current portion of taxes payable		47			113
Income taxes payable		463			462
Short-term operating lease liability		500			475
Reserves for restructuring and other charges		59			148
Deferred revenue		7,294			6,032
Total current liabilities		23,070			21,387

Long-Term Deferred Income Tax Liability		10			3
Long-Term Operating Lease Liability		3,376			3,245
Long-Term Deferred Revenue		181			214
Long-Term Debt, Less Current Portion		1,701			1,983
Other Long-Term Liabilities		443			449
Total Liabilities	$	28,781		$	27,281

Shareholders' Equity
Preferred stock, no par value, authorized 1,000 shares, issued none		-			-
Common stock, $0.01 par value, 19,000 shares authorized; issued and outstanding 9,764 and 9,744, respectively		98			97
Accumulated other comprehensive loss		(2,550	)		(3,371	)
Additional paid-in capital		49,845			49,721
Retained deficit		(8,553	)		(8,146	)
Total Shareholders' Equity	$	38,840		$	38,301

Total Liabilities and Shareholders' Equity	$	67,621		$	65,582

The notes to the consolidated financial statements are an integral part of these statements.

PERCEPTRON, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

	Three Months Ended
	September 30,
(In Thousands, Except Per Share Amounts)	2020			2019

Net Sales	$	13,933		$	17,850
Cost of Sales		9,537			10,808
Gross Profit		4,396			7,042

Operating Expenses
Selling, general and administrative		3,769			4,243
Engineering, research and development		1,324			1,828
Total operating expenses		5,093			6,071

Operating (Loss) Income		(697	)		971

Other Income and (Expenses)
Interest expense, net		(42	)		(24	)
Foreign currency (loss) gain, net		233			(211	)
Other income (expense), net		(56	)		33
Total other income and (expense)		135			(202	)

(Loss) Income Before Income Taxes		(562	)		769

Income Tax (Expense) Benefit		155			(143	)

Net (Loss) Income	$	(407	)	$	626

(Loss) Income Per Common Share
Basic and Diluted	$	(0.04	)	$	0.06

Weighted Average Common Shares Outstanding
Basic		9,750			9,661
Dilutive effect of stock options		-			3
Diluted		9,750			9,664

The notes to the consolidated financial statements are an integral part of these statements.

PERCEPTRON, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

(UNAUDITED)

	Three Months Ended
	September 30,
(In Thousands)	2020			2019

Net (Loss) Income	$	(407	)	$	626
Other Comprehensive Income (Loss):
Foreign currency translation adjustments		821			(858	)

Comprehensive Income (Loss)	$	414		$	(232	)

The notes to the consolidated financial statements are an integral part of these statements.

PERCEPTRON, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOW

(UNAUDITED)

	Three Months Ended
	September 30,
(In Thousands)	2020			2019

Cash Flows from Operating Activities
Net (loss) income	$	(407	)	$	626
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization, includes $158 and $116 amortization of ROU assets (imputed) for 2020 and 2019, respectively		508			480
Stock compensation expense		125			214
Non-cash lease expense		-			2
Deferred income taxes		(102	)		171
Loss on disposal of assets		-			8
Allowance for doubtful accounts		34			(32	)
Changes in assets and liabilities:
Receivables		2,769			(3,130	)
Inventories		351			524
Accounts payable		(542	)		67
Accrued liabilities and expenses		(329	)		316
Deferred revenue		1,060			841
Other assets and liabilities		(1,280	)		(880	)
Net cash (used for) provided by operating activities		2,187			(793	)

Cash Flows from Investing Activities
Purchases of short-term investments		(219	)		(607	)
Sales of short-term investments		233			1,245
Capital expenditures		(94	)		(249	)
Capital expenditures - intangibles		-			(125	)
Net cash provided by (used for) investing activities		(80	)		264

Cash Flows from Financing Activities
Payments on lines of credit and short-term borrowings, net		(6	)		-
Proceeds from stock plans		-			1
Net cash provided by (used for) financing activities		(6	)		1

Effect of Exchange Rate Changes on Cash and Cash Equivalents		218			(89	)

Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash		2,319			(617	)
Cash, Cash Equivalents and Restricted Cash, July 1		10,976			4,843
Cash, Cash Equivalents and Restricted Cash, September 30	$	13,295		$	4,226

Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest	$	19		$	24
Cash paid during the period for income taxes	$	90		$	104
	September 30, 2020			June 30, 2020
Cash and Cash Equivalents	$	12,868		$	10,621
Restricted Cash included in Short-term Investments		427			355
Total Cash, Cash Equivalents and Restricted Cash	$	13,295		$	10,976

The notes to the consolidated financial statements are an integral part of these statements.

PERCEPTRON, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY

(UNAUDITED)

	Three Months Ended
	September 30,
(In Thousands)	2020			2019
Common Stock
Beginning balance	$	97		$	97
Issued		1			-
Ending balance		98			97

Accumulated Other Comprehensive Loss
Beginning balance		(3,371	)		(3,079	)
Other comprehensive income (loss)		821			(858	)
Ending balance		(2,550	)		(3,937	)

Additional Paid-In Capital
Beginning balance		49,721			49,083
Stock-based compensation		40			172
Stock plans		84			46
Ending balance		49,845			49,301

Retained Earnings (Deficit)
Beginning balance		(8,146	)		(4,175	)
Net (loss) income		(407	)		626
Ending balance		(8,553	)		(3,549	)

Total Shareholders' Equity	$	38,840		$	41,912

The notes to the consolidated financial statements are an integral part of these statements.

PERCEPTRON, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

1.Accounting Policies

Perceptron, Inc. (the “Company”) develops, produces and sells a comprehensive range of automated industrial metrology products and solutions to manufacturers for dimensional gauging, dimensional inspection and 3D scanning. The Company’s products provide solutions for manufacturing process control as well as sensor and software technologies for non-contact measurement, scanning and inspection applications. The Company also offer value added services such as training and customer support.

Basis of Presentation and Principles of Consolidation

The accompanying unaudited Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial information and within the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. The Consolidated Financial Statements include accounts of the Company and wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. In the Company’s opinion, these statements include all normal recurring adjustments necessary for a fair presentation of the financial statements for the periods presented. The results of operations for any interim period are not necessarily indicative of the results of operations for a full fiscal year. The accompanying unaudited Consolidated Financial Statements should be read in conjunction with the Company’s audited Consolidated Financial Statements in Form 10-K for the fiscal year ended June 30, 2020.

Use of Estimates

Management is required to make certain estimates and assumptions under U.S. GAAP during the preparation of these Consolidated Financial Statements. These estimates and assumptions may affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

In particular, management has made estimates and assumptions related to the impact of the novel coronavirus ("COVID-19") on its business. COVID-19 was characterized as a pandemic by the World Health Organization on March 11, 2020. To help lessen its spread, many countries have implemented travel restrictions and/or required companies to limit or suspend business operations. These actions have disrupted supply chains and company operations around the world. The current environment resulting from COVID-19 is unprecedented and comes with a great deal of uncertainty. See Note 18 “COVID-19 Pandemic” of the Notes to the Consolidated Financial Statements, contained in this Quarterly Report on Form 10-Q for a discussion of the impact of COVID-19 on the Company’s business.

2.New Accounting Pronouncements

Recently Issued Accounting Pronouncements

In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2016-13, Financial Instruments – Credit Losses (Topic 326) (ASU 2016-13), which requires the measurement of all expected credit losses for financial assets held at the reporting date to be based on historical experience, current conditions as well as reasonable and supportable forecasts. In November 2018, the FASB issued ASU 2018-19, Codification Improvements to Topic 326, Financial Instruments – Credit Losses (ASU 2018-19). ASU 2018-19 clarifies that receivables arising from operating leases are not within the scope of ASU 2016-13. ASU 2016-13, as amended, is effective for the Company on July 1, 2023, with early adoption permitted. The Company does not expect the impact of the adoption of ASU 2016-13 to be material on its consolidated financial statements.

In November 2019, the FASB issued Accounting Standards Update No. 2019-11—Codification Improvements to Topic 326, Financial Instruments—Credit Losses (ASU 2019-11). The amendments in this Update represent changes to clarify, correct errors in, or improve the Codification. The amendments make the Codification easier to understand and easier to apply by eliminating inconsistencies and providing clarifications. The effective dates and transition requirements for ASU 2019-11 are the same as ASU 2016-13. ASU 2019-11 is effective for the Company on July 1, 2023. The Company does not expect the impact of the adoption of ASU 2019-11 to be material on its consolidated financial statements.

In December 2019, the FASB issued Accounting Standards Update No. 2019-12—Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12). The amendments in this ASU simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. ASU 2019-12 is effective for the Company on July 1, 2021. The Company is currently evaluating the impact of this standard on its consolidated financial statements and disclosures.

In January 2020, the FASB issued Accounting Standards Update No. 2020-01—Investments—Equity Securities (Topic 321), Investments—Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815)—Clarifying the Interactions between Topic 321, Topic 323, and Topic 815 (a consensus of the Emerging Issues Task Force) (ASU 2020-01). The amendments in this ASU clarify certain interactions between the guidance to account for certain equity securities under Topic 321, the guidance to account for investments under the equity method of accounting in Topic 323, and the guidance in Topic 815, which could change how an entity accounts for an equity security under the measurement alternative or a forward contract or purchased option to purchase securities that, upon settlement of the forward contract or exercise of the purchased option, would be accounted for under the equity method of accounting or the fair value option in accordance with Topic 825, Financial Instruments. These amendments improve current GAAP by reducing diversity in practice and increasing comparability of the accounting for these interactions. ASU 2020-01 is effective for the Company on July 1, 2021. The Company is currently evaluating the impact of this standard on its consolidated financial statements and disclosures.

In August 2018, the FASB issued Accounting Standards Update No. 2018-13 – Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirement for Fair Value Measurement (ASU 2018-13), which changes the disclosures related to, among other aspects of fair value, unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurement and the narrative description of measurement uncertainty. ASU 2018-13 is effective for the Company on July 1, 2021. The Company is currently evaluating the impact of this standard on its consolidated financial statements and disclosures.

Recently Adopted Accounting Pronouncements

In February 2016, the FASB issued Accounting Standards Update No. 2016-02 Leases (ASU 2016-2), which establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. The Company adopted this guidance on July 1, 2019, using the modified retrospective approach.

The adoption of the standard resulted in the recognition of net operating lease right-of-use assets of $4.0 million and operating lease liabilities of $3.9 million on the consolidated balance sheet as of July 1, 2019 primarily related to the Company’s real estate operating leases. The operating lease right-of-use asset includes the impact of deferred rent. The Company does not have any finance leases.

The Company elected to apply the package of practical expedients upon transition, which includes no reassessment of whether existing contracts are or contain leases and allowed for the lease classification for existing leases to be retained. The Company did not elect the practical expedient to use hindsight, and accordingly the initial lease term did not differ under the new standard versus prior accounting practice. After transition, in certain instances, the cost of renewal options will be recognized earlier in the term of the lease than under the previous lease accounting rules. The Company has selected as its accounting policy to keep leases with a term of twelve months or less off the balance sheet and recognize these lease payments on a straight-line basis over the lease term.

In February 2018, the FASB issued Accounting Standards Update 2018-02—Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (ASU 2018-02), which allows for a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. ASU 2018-02 was adopted on July 1, 2019 and did not have a significant impact on the Company’s consolidated financial statements or disclosures.

In August 2018, the FASB issued Accounting Standards Update No. 2018-15 – Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract (ASU 2018-15), which aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing costs incurred to develop or obtain internal use software. ASU 2018-15 is effective for the Company on July 1, 2020. ASU 2018-15 was adopted on July 1, 2020 and did not have significant impact on the Company’s consolidated financial statements and disclosures.

3.Intangible Assets

The Company acquired intangible assets consisting of a Trade Name and Customer/Distributor Relationships in addition to goodwill in connection with the acquisitions of Coord3 and NMS in the third quarter of fiscal 2015 which is considered the Company’s CMM reporting unit. The customer/distributor relationships were written off via an impairment charge in fiscal 2019. The goodwill and trade name were written off via impairment charges in fiscal 2019 and 2020. Furthermore, the Company continues to develop intangibles, primarily software. Intangible assets are susceptible to shortened estimated useful lives and changes in fair value due to changes in their use, market or economic changes, or other events or circumstances. The amortization periods for software is five years.

At September 30, 2020, there are no indications of potential impairment of the Company’s software.

The Company’s intangible assets are as follows (in thousands):

	September 30, 2020							June 30, 2020
	Gross					Net		Gross								Net
	Carrying		Accumulated			Carrying		Carrying		Impairments			Accumulated			Carrying
	Amount		Amortization			Amount		Amount					Amortization			Amount
Trade Name	$	-	$	-		$	-	$	1,674	$	(558	)	$	(1,116	)	$	-
Software		2,104		(1,126	)		978		2,104		-			(1,004	)		1,100
Total	$	2,104	$	(1,126	)	$	978	$	3,778	$	(558	)	$	(2,120	)	$	1,100

Amortization expense was $122,000 and $104,000 for the three months ended September 30, 2020 and 2019, respectively.

The estimated amortization of the remaining intangible assets by year is as follows (in thousands):

Years Ending June 30,	Amount
2021 (excluding the three months ended September 30, 2020)		262
2022		368
2023		273
2024		75
2025		-
after 2025		-
	$	978

4.Revenue from Contracts with Customers

Disaggregated Revenue

The following tables summarizes the Company’s disaggregated revenue, based on its shipping location (in thousands):

	Three Months Ended September 30,
Geographic Region:	2020		2019
Americas Sales	$	3,627	$	6,167
Europe Sales		6,910		7,120
Asia Sales		3,396		4,563
Total Net Sales	$	13,933	$	17,850

Sales by product lines are as follows (in thousands):

	Three Months Ended September 30,
Product Lines	2020		2019
Measurement Solutions	$	13,289	$	16,168
3D Scanning Solutions		94

Price	5.17	EPS	-1
Shares	10	P/E	-7
MCap	50	P/FCF	-22
Net Debt	-4	EBIT	-7
TEV	46	TEV/EBIT	-7
TTM 2019-09-30, in MM, except price, ratios

10-Q	2020-09-30	Filed 2020-11-16
10-K	2020-06-30	Filed 2020-09-28
10-Q	2020-03-31	Filed 2020-06-01
10-Q	2019-12-31	Filed 2020-02-10
10-Q	2019-09-30	Filed 2019-11-12
10-K	2019-06-30	Filed 2019-09-12
10-Q	2019-03-31	Filed 2019-05-09
10-Q	2018-12-31	Filed 2019-02-11
10-Q	2018-09-30	Filed 2018-11-07
10-K	2018-06-30	Filed 2018-08-30
10-Q	2018-03-31	Filed 2018-05-07
10-Q	2017-12-31	Filed 2018-02-05
10-Q	2017-09-30	Filed 2017-11-06
10-K	2017-06-30	Filed 2017-09-07
10-Q	2017-03-31	Filed 2017-05-08
10-Q	2016-12-31	Filed 2017-02-06
10-Q	2016-09-30	Filed 2016-11-07
10-K	2016-06-30	Filed 2016-09-09
10-Q	2016-03-31	Filed 2016-05-09
10-Q	2015-12-31	Filed 2016-02-09
10-Q	2015-09-30	Filed 2015-11-09
10-K	2015-06-30	Filed 2015-09-14
10-Q	2015-03-31	Filed 2015-05-08
10-Q	2014-12-31	Filed 2015-02-09
10-Q	2014-09-30	Filed 2014-11-10
10-K	2014-06-30	Filed 2014-09-15
10-Q	2014-03-31	Filed 2014-05-15
10-Q	2013-12-31	Filed 2014-02-14
10-Q	2013-09-30	Filed 2013-11-14
10-K	2013-06-30	Filed 2013-09-27
10-Q	2013-03-31	Filed 2013-05-15
10-Q	2012-12-31	Filed 2013-02-14
10-Q	2012-09-30	Filed 2012-11-13
10-K	2012-06-30	Filed 2012-09-28
10-Q	2012-03-31	Filed 2012-05-15
10-Q	2011-12-31	Filed 2012-02-13
10-Q	2011-09-30	Filed 2011-11-14
10-K	2011-06-30	Filed 2011-09-26
10-Q	2011-03-31	Filed 2011-05-16
10-Q	2010-12-31	Filed 2011-02-11
10-Q	2010-09-30	Filed 2010-11-15
10-K	2010-06-30	Filed 2010-09-27
10-Q	2010-03-31	Filed 2010-05-14
10-Q	2009-12-31	Filed 2010-02-16

8-K	2020-11-16
8-K	2020-09-28
8-K	2020-09-27
8-K	2020-09-01
8-K	2020-06-05
8-K	2020-05-28
8-K	2020-05-04
8-K	2020-04-16
8-K	2020-02-24
8-K	2020-02-04
8-K	2020-01-07
8-K	2019-12-19
8-K	2019-11-22
8-K	2019-11-18
8-K	2019-11-11
8-K	2019-11-11
8-K	2019-09-16
8-K	2019-09-16
8-K	2019-09-04
8-K	2019-09-04
8-K	2019-08-09
8-K	2019-07-25
8-K	2019-06-13
8-K	2019-05-16
8-K	2019-05-09
8-K	2019-02-11
8-K	2018-12-20
8-K	2018-12-07
8-K	2018-10-25
8-K	2018-08-29
8-K	2018-08-20
8-K	2018-08-09
8-K	2018-06-21
8-K	2018-05-07
8-K	2018-04-04
8-K	2018-02-05

EX-31.1	prcp-ex311_6.htm
EX-31.2	prcp-ex312_75.htm
EX-32.1	prcp-ex321_76.htm

PRCP 10Q Quarterly Report

Perceptron Earnings 2020-09-30