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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Net sales:        
Net sales $ 49,267,000 $ 43,532,000 $ 138,490,000 $ 125,339,000
Cost of sales:        
Cost of sales 22,783,000 22,253,000 64,581,000 75,140,000
Gross Profit 26,484,000 21,279,000 73,909,000 50,199,000
Operating expenses:        
Research and development 2,757,000 2,314,000 7,736,000 6,964,000
Selling, general, and administrative expenses 9,233,000 8,425,000 26,319,000 24,719,000
Total Operating Expenses 11,990,000 10,739,000 34,055,000 31,683,000
Operating Income 14,494,000 10,540,000 39,854,000 18,516,000
Other income:        
Interest and other income, net 637,000 437,000 1,806,000 521,000
Income before Provision for Income Taxes 15,131,000 10,977,000 41,660,000 19,037,000
Provision for Income Taxes 1,935,000 1,428,000 5,376,000 2,475,000
Net Income $ 13,196,000 $ 9,549,000 $ 36,284,000 $ 16,562,000
Income per share:        
Basic (in dollars per share) $ 0.36 $ 0.26 $ 0.99 $ 0.45
Diluted (in dollars per share) $ 0.36 $ 0.26 $ 0.98 $ 0.45
Weighted average number of shares outstanding:        
Basic (in shares) 36,835,000 36,793,000 36,792,000 36,736,000
Diluted (in shares) 37,118,000 37,082,000 37,032,000 36,983,000
Equipment        
Net sales:        
Net sales $ 29,735,000 $ 28,390,000 $ 83,133,000 $ 81,511,000
Cost of sales:        
Cost of sales 21,179,000 20,780,000 59,332,000 70,341,000
Services        
Net sales:        
Net sales 19,532,000 15,142,000 55,357,000 43,828,000
Cost of sales:        
Cost of sales $ 1,604,000 $ 1,473,000 $ 5,249,000 $ 4,799,000