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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Revenues $ 25,204,000 $ 15,996,000 $ 42,936,000 $ 32,425,000
Cost of revenues 14,095,000 8,682,000 23,448,000 17,828,000
Gross margin 11,109,000 7,314,000 19,488,000 14,597,000
Research and development expenses 2,753,000 2,182,000 5,514,000 4,577,000
Selling, general and administrative expenses 4,695,000 3,659,000 8,583,000 7,818,000
Income from operations 3,661,000 1,473,000 5,391,000 2,202,000
Interest income and other 38,000 64,000 60,000 328,000
Income before income taxes 3,699,000 1,537,000 5,451,000 2,530,000
Income tax expense 590,000 (96,000) 901,000 53,000
Net income $ 3,109,000 $ 1,633,000 $ 4,550,000 $ 2,477,000
Net income per share – Basic $ 0.43 $ 0.23 $ 0.62 $ 0.35
Net income per share – Diluted $ 0.41 $ 0.22 $ 0.61 $ 0.33
Weighted average shares outstanding – Basic 7,299 7,198 7,296 7,177
Weighted average shares outstanding – Diluted 7,517 7,447 7,490 7,407