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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Total revenues $ 18,576 $ 17,814 $ 35,717 $ 32,647
Cost of revenues:        
Total cost of revenues 9,059 9,062 17,836 17,127
Gross profit 9,517 8,752 17,881 15,520
Operating expense:        
Selling, general and administrative 6,202 6,003 12,579 12,229
Research, development and engineering 1,505 1,735 3,102 3,193
Total operating expense 7,707 7,738 15,681 15,422
Operating income 1,810 1,014 2,200 98
Other income/(expense):        
Investment income 4 77 64 268
Other (expense)/income (4) (3) 5 (4)
Interest expense (1) 0 (1) (13)
Total other (expense)/income (1) 74 68 251
Income from continuing operations before income taxes 1,809 1,088 2,268 349
Income tax expense/(benefit) 440 247 579 (1,618)
Net income from continuing operations 1,369 841 1,689 1,967
Loss from discontinued operations, net of income tax of $464 0 0 (1,436) 0
Net income 1,369 841 253 1,967
Preferred stock dividend 0 90 0 173
Net income attributable to common stockholders $ 1,369 $ 751 $ 253 $ 1,794
Net income per share from continuing operations:        
Basic (in dollars per share) $ 0.04 $ 0.03 $ 0.06 $ 0.07
Diluted (in dollars per share) 0.04 0.02 0.05 0.06
Net loss per share from discontinued operations:        
Basic (in dollars per share) 0 0 (0.05) 0
Diluted (in dollars per share) 0 0 (0.04) 0
Net income per share attributable to common stockholders:        
Basic (in dollars per share) 0.04 0.03 0.01 0.06
Diluted (in dollars per share) $ 0.04 $ 0.02 $ 0.01 $ 0.05
Weighted average shares:        
Basic (in shares) 30,589,249 28,246,840 30,484,797 28,143,534
Diluted (in shares) 32,466,122 33,650,790 32,494,950 33,588,951
Lightwave        
Revenues:        
Total revenues $ 12,933 $ 12,523 $ 24,487 $ 22,041
Cost of revenues:        
Total cost of revenues 5,181 5,334 10,066 9,613
Operating expense:        
Operating income 1,168 491 1,145 (490)
Luna Labs        
Revenues:        
Total revenues 5,643 5,291 11,230 10,606
Cost of revenues:        
Total cost of revenues 3,878 3,728 7,770 7,514
Operating expense:        
Operating income $ 642 $ 523 $ 1,055 $ 588