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Note 17 - Quarterly Consolidated Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Quarterly Financial Information [Text Block]
(
17
)
 
QUARTERLY CONSOLIDATED FINANCIAL DATA (Unaudited)
 
The following tables present certain unaudited consolidated quarterly financial information for each of the
eight
quarters ended
December 31, 2020.
In our opinion, this quarterly information has been prepared on the same basis as the consolidated financial statements and includes all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the information for the periods presented. The results of operations for any quarter are
not
necessarily indicative of results for the full year or for any future period.  
 
Year-over-year quarterly comparisons of our results of operations
may
not
be as meaningful as the sequential quarterly comparisons set forth below that tend to reflect the cyclical and seasonal activity of the Semi Market. Quarterly fluctuations in expenses are related directly to sales activity and volume and
may
also reflect the timing of operating expenses incurred throughout the year.
 
   
Quarters Ended
    
 
 
 
   
3/31/20
(1)
    
6/30/20
(2)
    
9/30/20
(3)
    
12/31/20
(4)
    
Total
  
Net revenues
   $
11,230
     $
13,275
     $
14,443
     $
14,875
     $
53,823
  
Gross margin
    
4,867
      
6,067
      
6,450
      
6,720
      
24,104
  
Earnings (loss) before income tax expense (benefit)
    
(1,393
)
    
183
      
433
      
(454
)
    
(1,231
)
Income tax expense (benefit)
    
(250
)
    
13
      
(25
)
    
(74
)
    
(336
)
Net earnings (loss)
    
(1,143
)
    
170
      
458
      
(380
)
    
(895
)
                                         
Net earnings (loss) per common share – basic
   $
(0.11
)
   $
0.02
     $
0.04
     $
(0.04
)
   $
(0.09
)
Weighted average common shares outstanding – basic
    
10,220,853
      
10,252,490
      
10,269,995
      
10,282,903
      
10,256,560
  
Net earnings (loss) per common share – diluted
   $
(0.11
)
   $
0.02
     $
0.04
     $
(0.04
)
   $
(0.09
)
Weighted average common shares outstanding – diluted
    
10,220,853
      
10,258,917
      
10,287,562
      
10,282,903
      
10,256,560
  
 
   
Quarters Ended
    
 
 
 
   
3/31/19
    
6/30/19
(5)
    
9/30/19
(6)
    
12/31/19
    
Total
  
Net revenues
   $
18,062
     $
14,352
     $
14,632
     $
13,614
     $
60,660
  
Gross margin
    
8,836
      
6,719
      
7,205
      
6,465
      
29,225
  
Earnings (loss) before income tax expense (benefit)
    
1,462
      
(300
)
    
794
      
648
      
2,604
  
Income tax expense (benefit)
    
324
      
(113
)
    
147
      
(76
)
    
282
  
Net earnings (loss)
    
1,138
      
(187
)
    
647
      
724
      
2,322
  
                                         
Net earnings (loss) per common share – basic
   $
0.11
     $
(0.02
)
   $
0.06
     $
0.07
     $
0.22
  
Weighted average common shares outstanding – basic
    
10,385,017
      
10,411,276
      
10,421,383
      
10,274,980
      
10,373,164
  
Net earnings (loss) per common share – diluted
   $
0.11
     $
(0.02
)
   $
0.06
     $
0.07
     $
0.22
  
Weighted average common shares outstanding – diluted
    
10,414,330
      
10,411,276
      
10,429,536
      
10,298,535
      
10,391,975
  
 
 
(
1
)
The quarter ended
March 31, 2020
includes
$8
of restructuring and other charges which are discussed in Note
3.
 
(
2
)
The quarter ended
June 30, 2020
includes
$38
of restructuring and other charges which are discussed in Note
3.
 
(
3
)
The quarter ended
September 30, 2020
includes
$161
of restructuring and other charges which are discussed in Note
3.
 
(
4
)
The quarter ended
December 31, 2020
includes
$1,078
of restructuring and other charges which are discussed in Note
3
 
(
5
)
The quarter ended
June 30, 2019
includes
$223
of restructuring and other charges which are discussed in Note
3.
 
(
6
)
The quarter ended
September 30, 2019
includes
$17
of restructuring and other charges which are discussed in Note
3.