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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net revenues $ 9,203 $ 10,794 $ 30,950 $ 31,934
Cost of revenues 4,880 5,626 15,863 16,499
Gross margin 4,323 5,168 15,087 15,435
Operating expenses:        
Selling expense 1,370 1,462 4,449 4,318
Engineering and product development expense 1,041 894 3,030 2,704
General and administrative expense 1,511 1,528 4,887 4,681
Total operating expenses 3,922 3,884 12,366 11,703
Operating income 401 1,284 2,721 3,732
Other income (expense) 6 (16) 16 1
Earnings before income tax expense 407 1,268 2,737 3,733
Income tax expense 97 431 909 1,253
Net earnings $ 310 $ 837 $ 1,828 $ 2,480
Net earnings per common share - basic (in dollars per share) $ 0.03 $ 0.08 $ 0.17 $ 0.24
Weighted average common shares outstanding - basic (in shares) 10,473,928 10,440,803 10,470,410 10,424,001
Net earnings per common share - diluted (in dollars per share) $ 0.03 $ 0.08 $ 0.17 $ 0.24
Weighted average common shares and common share equivalents outstanding - diluted (in shares) 10,498,911 10,477,814 10,492,317 10,461,075