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Note 20 - Quarterly Consolidated Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Quarterly Financial Information [Text Block]

(20)

QUARTERLY CONSOLIDATED FINANCIAL DATA (Unaudited)

The following tables present certain unaudited consolidated quarterly financial information for each of the eight quarters ended December 31, 2022. 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
		3/31/22				6/30/22				9/30/22				12/31/22				Total
Revenue		$	24,081			$	29,571			$	30,771			$	32,405			$	116,828
Gross margin			11,013				13,548				13,898				14,981				53,440
Earnings before income tax expense			655				2,570				3,039				3,881				10,145
Income tax expense			78				454				515				637				1,684
Net earnings			577				2,116				2,524				3,244				8,461

Net earnings per common share – basic		$	0.05			$	0.20			$	0.24			$	0.30			$	0.79
Weighted average common shares outstanding – basic			10,617,271				10,653,268				10,695,867				10,725,662				10,673,017
Net earnings per common share – diluted		$	0.05			$	0.20			$	0.23			$	0.30			$	0.78
Weighted average common shares outstanding – diluted			10,842,592				10,814,799				10,864,540				10,928,220				10,862,538

		Quarters Ended
		3/31/21⁽¹⁾				6/30/21⁽²⁾				9/30/21⁽³⁾				12/31/21⁽⁴⁾				Total
Revenue		$	19,556			$	21,820			$	21,144			$	22,358			$	84,878
Gross margin			9,521				10,962				10,395				10,346				41,224
Earnings before income tax expense (benefit)			2,578				3,056				2,532				236				8,402
Income tax expense (benefit)			366				447				357				(51	)			1,119
Net earnings			2,212				2,609				2,175				287				7,283

Net earnings per common share – basic		$	0.21			$	0.25			$	0.21			$	0.03			$	0.70
Weighted average common shares outstanding – basic			10,329,449				10,442,916				10,496,188				10,580,431				10,462,246
Net earnings per common share – diluted		$	0.21			$	0.24			$	0.20			$	0.03			$	0.68
Weighted average common shares outstanding – diluted			10,525,826				10,764,936				10,792,290				10,836,396				10,729,862

	(1)	The quarter ended March 31, 2021 includes $55 of restructuring and other charges which are discussed in Note 5.
	(2)	The quarter ended June 30, 2021 includes $197 of restructuring and other charges which are discussed in Note 5.
	(3)	The quarter ended September 30, 2021 includes $51 of restructuring and other charges which are discussed in Note 5.
	(4)	The quarter ended December 31, 2021 includes a recovery of $17 of restructuring and other charges which are discussed in Note 5.