SELECTED FINANCIAL DATA
(Unaudited)
(In thousands, except per share data)
Condensed Consolidated Statements of Operations Data:
| Three Months Ended | Six Months Ended | |||||||||||||||||
| 6/30/2020 | 6/30/2019 | 3/31/2020 | 6/30/2020 | 6/30/2019 | ||||||||||||||
| Net revenues | $ | 13,275 | $ | 14,352 | $ | 11,230 | $ | 24,505 | $ | 32,414 | ||||||||
| Gross margin | 6,067 | 6,719 | 4,867 | 10,934 | 15,555 | |||||||||||||
| Operating expenses: | ||||||||||||||||||
| Selling expense | 1,761 | 2,087 | 2,052 | 3,813 | 4,461 | |||||||||||||
| Engineering and product development expense | 1,217 | 1,208 | 1,292 | 2,509 | 2,492 | |||||||||||||
| General and administrative expense | 2,888 | 3,718 | 2,884 | 5,772 | 7,455 | |||||||||||||
| Operating income (loss) | 201 | (294 | ) | (1,361 | ) | (1,160 | ) | 1,147 | ||||||||||
| Other income (loss) | (18 | ) | (6 | ) | (32 | ) | (50 | ) | 15 | |||||||||
| Earnings (loss) before income tax expense (benefit) | 183 | (300 | ) | (1,393 | ) | (1,210 | ) | 1,162 | ||||||||||
| Income tax expense (benefit) | 13 | (113 | ) | (250 | ) | (237 | ) | 211 | ||||||||||
| Net earnings (loss) | 170 | (187 | ) | (1,143 | ) | (973 | ) | 951 | ||||||||||
| Net earnings (loss) per share – basic | $ | 0.02 | $ | (0.02 | ) | $ | (0.11 | ) | $ | (0.10 | ) | $ | 0.09 | |||||
| Weighted average shares outstanding – basic. | 10,252 | 10,411 | 10,221 | 10,237 | 10,398 | |||||||||||||
| Net earnings (loss) per share – diluted | $ | 0.02 | $ | (0.02 | ) | $ | (0.11 | ) | $ | (0.10 | ) | $ | 0.09 | |||||
| Weighted average shares outstanding – diluted | 10,259 | 10,411 | 10,221 | 10,237 | 10,420 | |||||||||||||
