Note 18 - Quarterly Consolidated Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2024

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, 2024. 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
(in thousands)	March 31, 2024		June 30, 2024		September 30, 2024		December 31, 2024		Total
Revenue	$	29,824	$	33,991	$	30,272	$	36,603	$	130,690
Gross profit		13,076		13,797		14,012		14,539		55,424
Earnings before income tax expense		787		296		569		1,802		3,454
Income tax expense		125		66		74		298		563
Net earnings		662		230		495		1,504		2,891
Net earnings per common share – basic	$	0.06	$	0.02	$	0.04	$	0.12	$	0.24
Weighted average common shares outstanding – basic		12,026,361		12,234,599		12,189,761		12,156,931		12,151,913
Net earnings per common share – diluted	$	0.05	$	0.02	$	0.04	$	0.12	$	0.24
Weighted average common shares outstanding – diluted		12,158,297		12,330,280		12,251,712		12,216,344		12,239,158

	Quarters Ended
(in thousands)	March 31, 2023		June 30, 2023		September 30, 2023		December 31, 2023		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