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Quarterly Financial Information
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information

NOTE 12—QUARTERLY FINANCIAL INFORMATION (Unaudited)

The following table presents unaudited selected quarterly financial information (in thousands, except per share data) for the periods indicated. This information has been derived from the Company’s unaudited quarterly consolidated financial statements, which in the opinion of management include adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of such information. These operating results are not necessarily indicative of results for any future period.

 

 

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

Year Ended December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

9,410

 

 

$

12,126

 

 

$

8,989

 

 

$

8,615

 

Gross profit

 

 

1,178

 

 

 

1,157

 

 

 

884

 

 

 

1,374

 

Net income (loss)

 

 

(903

)

 

 

(1,035

)

 

 

(945

)

 

 

48

 

Basic and diluted net income (loss) per share

 

 

(0.06

)

 

 

(0.07

)

 

 

(0.07

)

 

 

0.00

 

Year Ended December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

14,517

 

 

$

10,945

 

 

$

12,179

 

 

$

10,192

 

Gross profit

 

 

2,554

 

 

 

1,608

 

 

 

2,001

 

 

 

1,256

 

Net income (loss)

 

 

532

 

 

 

(678

)

 

 

(138

)

 

 

(959

)

Basic and diluted net income (loss) per share

 

 

0.04

 

 

 

(0.05

)

 

 

(0.01

)

 

 

(0.07

)