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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Revenues $ 16,683,000 $ 11,828,000 $ 46,657,000 $ 40,157,000
Cost of revenues 9,247,000 6,236,000 25,738,000 21,434,000
Gross margin 7,436,000 5,592,000 20,919,000 18,723,000
Research and development expenses 2,162,000 1,947,000 6,585,000 5,892,000
Selling, general and administrative expenses 3,935,000 3,793,000 12,413,000 11,821,000
Amortization of intangibles 10,000 15,000 35,000 50,000
Income (loss) from operations 1,329,000 (163,000) 1,886,000 960,000
Interest income and other 35,000 (25,000) 192,000 (141,000)
Income (loss) before income taxes 1,364,000 (188,000) 2,078,000 819,000
Income tax expense (benefit) 297,000 (116,000) 444,000 10,000
Net income (loss) $ 1,067,000 $ (72,000) $ 1,634,000 $ 809,000
Net income (loss) per share – Basic $ 0.15 $ (0.01) $ 0.23 $ 0.12
Net income (loss) per share – Diluted $ 0.15 $ (0.01) $ 0.23 $ 0.11
Weighted average shares outstanding – Basic 7,041 6,959 7,012 6,939
Weighted average shares outstanding – Diluted 7,299 6,959 7,176 7,041