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Selected Quarterly Data (Unaudited) (Tables)
12 Months Ended
Sep. 30, 2021
Selected Quarterly Financial Information [Abstract]  
Schedule of Selected Unaudited Consolidated Quarterly Financial Information

The following table sets forth selected unaudited consolidated quarterly financial information for the years ended September 30, 2021 and 2020 (in thousands, except percentages and per share amounts):

 

 

 

Fiscal Year 2021

 

 

 

First
Quarter

 

 

Second
Quarter

 

 

Third
Quarter

 

 

Fourth
Quarter

 

Revenue, net of returns and allowances

 

$

17,975

 

 

$

19,790

 

 

$

23,100

 

 

$

24,340

 

Cost of sales

 

 

10,463

 

 

 

12,062

 

 

 

13,021

 

 

 

15,129

 

Gross profit

 

 

7,512

 

 

 

7,728

 

 

 

10,079

 

 

 

9,211

 

Selling, general and administrative

 

 

5,213

 

 

 

5,688

 

 

 

7,281

 

 

 

6,558

 

Research, development and engineering

 

 

1,245

 

 

 

1,869

 

 

 

1,523

 

 

 

1,342

 

Restructuring charges

 

 

 

 

 

 

 

 

71

 

 

 

15

 

Operating income

 

 

1,054

 

 

 

171

 

 

 

1,204

 

 

 

1,296

 

Interest (expense) income and other, net

 

 

(255

)

 

 

73

 

 

 

(155

)

 

 

46

 

Income from continuing operations
   before income taxes

 

 

799

 

 

 

244

 

 

 

1,049

 

 

 

1,342

 

Income tax provision

 

 

80

 

 

 

490

 

 

 

680

 

 

 

676

 

Net income (loss)

 

$

719

 

 

$

(246

)

 

$

369

 

 

$

666

 

Gross margin

 

 

41.8

%

 

 

39.1

%

 

 

43.6

%

 

 

37.8

%

Operating margin

 

 

5.9

%

 

 

0.9

%

 

 

5.2

%

 

 

5.3

%

Income (Loss) Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per basic share

 

$

0.05

 

 

$

(0.02

)

 

$

0.03

 

 

$

0.05

 

Weighted average shares outstanding - basic

 

 

14,072

 

 

 

14,151

 

 

 

14,176

 

 

 

14,190

 

Net income (loss) per diluted share

 

$

0.05

 

 

$

(0.02

)

 

$

0.03

 

 

$

0.05

 

Weighted average shares outstanding - diluted

 

 

14,117

 

 

 

14,151

 

 

 

14,373

 

 

 

14,387

 

 

 

 

 

Fiscal Year 2020

 

 

 

First
Quarter

 

 

Second
Quarter

 

 

Third
Quarter

 

 

Fourth
Quarter

 

Revenue, net of returns and allowances

 

$

20,692

 

 

$

14,460

 

 

$

15,227

 

 

$

15,084

 

Cost of sales

 

 

12,518

 

 

 

9,102

 

 

 

9,276

 

 

 

10,126

 

Gross profit

 

 

8,174

 

 

 

5,358

 

 

 

5,951

 

 

 

4,958

 

Selling, general and administrative

 

 

5,915

 

 

 

5,415

 

 

 

4,804

 

 

 

5,263

 

Research, development and engineering

 

 

622

 

 

 

915

 

 

 

899

 

 

 

876

 

Restructuring charges

 

 

 

 

 

 

 

 

217

 

 

 

 

Operating income (loss)

 

 

1,637

 

 

 

(972

)

 

 

31

 

 

 

(1,181

)

Loss on sale of subsidiary

 

 

(2,793

)

 

 

 

 

 

 

 

 

 

Interest (expense) income and other, net

 

 

(70

)

 

 

595

 

 

 

(13

)

 

 

(350

)

(Loss) income from continuing operations before
   income taxes

 

 

(1,226

)

 

 

(377

)

 

 

18

 

 

 

(1,531

)

Income tax provision

 

 

41

 

 

 

166

 

 

 

90

 

 

 

494

 

Loss from continuing operations,
   net of tax

 

 

(1,267

)

 

 

(543

)

 

 

(72

)

 

 

(2,025

)

Loss from discontinued operations,
   net of tax

 

 

(665

)

 

 

(11,151

)

 

 

 

 

 

 

Net loss

 

$

(1,932

)

 

$

(11,694

)

 

$

(72

)

 

$

(2,025

)

Gross margin

 

 

39.5

%

 

 

37.1

%

 

 

39.1

%

 

 

32.9

%

Operating margin

 

 

7.9

%

 

 

(6.7

)%

 

 

0.2

%

 

 

(7.8

)%

Loss Per Basic Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic loss per share from continuing
   operations

 

$

(0.09

)

 

$

(0.04

)

 

$

(0.01

)

 

$

(0.14

)

Basic loss per share from discontinued
   operations

 

$

(0.05

)

 

$

(0.79

)

 

$

 

 

$

 

Net loss per basic share

 

$

(0.14

)

 

$

(0.83

)

 

$

(0.01

)

 

$

(0.14

)

Loss Per Diluted Share:

 

 

 

 

 

 

 

 

 

 

 

 

Diluted loss per share from continuing
   operations

 

$

(0.09

)

 

$

(0.04

)

 

$

(0.01

)

 

$

(0.14

)

Diluted loss per share from discontinued
   operations

 

$

(0.05

)

 

$

(0.79

)

 

$

 

 

$

 

Net loss per diluted share

 

$

(0.14

)

 

$

(0.83

)

 

$

(0.01

)

 

$

(0.14

)

Weighted average shares outstanding - basic

 

 

14,290

 

 

 

14,150

 

 

 

14,155

 

 

 

14,052

 

Weighted average shares outstanding - diluted

 

 

14,290

 

 

 

14,150

 

 

 

14,155

 

 

 

14,052