XML 20 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Total revenues $ 21,050 $ 18,389 $ 56,766 $ 51,036
Cost of revenues:        
Total cost of revenues 10,101 9,114 27,936 26,241
Gross profit 10,949 9,275 28,830 24,795
Operating expense:        
Selling, general and administrative 6,505 5,746 19,085 17,955
Research, development and engineering 1,616 2,047 4,717 5,241
Loss on sale of property and equipment 576 0 576 0
Total operating expense 8,697 7,793 24,378 23,196
Operating income 2,252 1,482 4,452 1,599
Other income/(expense):        
Investment income 1 76 65 324
Other income/(expense) 14 1 19 (5)
Interest expense (1) (4) (2) (15)
Total other income 14 73 82 304
Income from continuing operations before income taxes 2,266 1,555 4,534 1,903
Income tax (benefit)/expense (836) 325 (257) (1,293)
Net income from continuing operations 3,102 1,230 4,791 3,196
Loss from discontinued operations, net of income tax of $464 0 0 (1,436) 0
Net income 3,102 1,230 3,355 3,196
Preferred stock dividend $ 0 113 0 285
Net income attributable to common stockholders   $ 1,117 $ 3,355 $ 2,911
Net income per share from continuing operations:        
Basic (in dollars per share) $ 0.10 $ 0.04 $ 0.16 $ 0.11
Diluted (in dollars per share) 0.10 0.04 0.15 0.10
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) 0.10 0.04 0.11 0.10
Diluted (in dollars per share) $ 0.10 $ 0.03 $ 0.10 $ 0.09
Weighted average shares:        
Basic (in shares) 30,809,896 28,291,297 30,593,954 28,193,330
Diluted (in shares) 32,411,086 32,115,847 32,478,625 31,768,575
Lightwave        
Revenues:        
Total revenues $ 15,350 $ 13,088 $ 39,837 $ 35,129
Cost of revenues:        
Total cost of revenues 5,670 5,449 15,736 15,063
Operating expense:        
Operating income 2,509 859 3,654 667
Luna Labs        
Revenues:        
Total revenues 5,700 5,301 16,929 15,907
Cost of revenues:        
Total cost of revenues 4,431 3,665 12,200 11,178
Operating expense:        
Operating income $ (257) $ 623 $ 798 $ 932