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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Net revenues $ 20,160 $ 17,352 $ 60,128 $ 47,420
Cost of revenues 10,068 8,556 29,731 22,475
Gross margin 10,092 8,796 30,397 24,945
Operating expenses:        
Selling expense 2,291 2,322 7,305 5,861
Engineering and product development expense 1,207 1,139 3,733 3,056
General and administrative expense 3,318 3,143 9,643 8,423
Adjustment to contingent consideration liability 3,057 (549) 4,073 (549)
Total operating expenses 9,873 6,055 24,754 16,791
Operating income 219 2,741 5,643 8,154
Other income (expense) (57) 100 (103) 195
Earnings before income tax expense 162 2,841 5,540 8,349
Income tax expense 728 823 1,711 2,808
Net earnings (loss) $ (566) $ 2,018 $ 3,829 $ 5,541
Net earnings (loss) per common share - basic (in dollars per share) $ (0.05) $ 0.20 $ 0.37 $ 0.54
Weighted average common shares outstanding - basic (in shares) 10,355,673 10,288,325 10,341,552 10,276,682
Net earnings (loss) per common share - diluted (in dollars per share) $ (0.05) $ 0.19 $ 0.37 $ 0.54
Weighted average common shares and common share equivalents outstanding - diluted (in shares) 10,355,673 10,351,009 10,377,505 10,327,080