Also be aware that despite earning $17 million last year their cash position increased by only $1.2 million . Recievables increased by close to $16.0 million. SO they had better collect, in addition a portion of the long term debt is due this year.
The operations provided about $8 million in cash of which $3 million went to investment and a little over $3 million went to pay down debt.They have $6.5 million in long-term debt due in 2011, but I see no issue with them paying that off if they don't roll it over.As for the increase in receivables, I don't think that is an issue, particularly given the quality of customers i.e. US government.
Increase in sales goes hand in hand with increase in receivables, not surprising.