Note 18 - Quarterly Consolidated Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Quarterly Financial Information [Text Block]

(18)  QUARTERLY CONSOLIDATED FINANCIAL DATA (Unaudited)

The following tables present certain unaudited consolidated quarterly financial information for each of the eight quarters ended December 31, 2023. 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
	3/31/23		6/30/23		9/30/23		12/31/23		Total
Revenue	$	31,919	$	32,558	$	30,941	$	27,884	$	123,302
Gross profit		15,052		15,030		14,447		12,449		56,978
Earnings before income tax expense		3,394		3,365		2,723		1,566		11,048
Income tax expense		577		572		446		111		1,706
Net earnings		2,817		2,793		2,277		1,455		9,342
Net earnings per common share – basic	$	0.26	$	0.25	$	0.19	$	0.12	$	0.82
Weighted average common shares outstanding – basic		10,755,729		11,241,183		11,886,005		11,962,679		11,461,399
Net earnings per common share – diluted	$	0.25	$	0.24	$	0.19	$	0.12	$	0.79
Weighted average common shares outstanding – diluted		11,088,664		11,696,569		12,212,317		12,122,099		11,779,912

	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