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Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Summary of Selected Quarterly Data

The following table sets forth specific unaudited consolidated quarterly statement of operations data for the eight quarters ended December 31, 2017 (in thousands). This information is unaudited, but in the opinion of management, it has been prepared on the same basis as the audited consolidated financial statements and all necessary adjustments, consisting only of normal recurring adjustments, have been included in the amounts stated below to state fairly the unaudited consolidated quarterly results of operations. The results of operations for any quarter are not necessarily indicative of the results of operations for any future period.

 

 

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

11,247

 

 

$

13,956

 

 

$

12,986

 

 

$

11,790

 

Gross profit

 

 

4,691

 

 

 

6,306

 

 

 

5,267

 

 

 

4,754

 

Operating expenses

 

 

6,146

 

 

 

6,662

 

 

 

6,802

 

 

 

5,271

 

(Loss) income from operations

 

 

(1,455

)

 

 

(356

)

 

 

(1,535

)

 

 

(517

)

Net (loss) income

 

 

(1,441

)

 

 

(376

)

 

 

(1,410

)

 

 

1,167

 

(Loss) income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.13

)

 

$

0.01

 

 

$

(0.13

)

 

$

0.11

 

Diluted

 

$

(0.13

)

 

$

(0.03

)

 

$

(0.13

)

 

$

0.11

 

 

 

 

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

10,477

 

 

$

11,610

 

 

$

11,556

 

 

$

20,930

 

Gross profit

 

 

4,127

 

 

 

5,143

 

 

 

5,851

 

 

 

15,159

 

Operating expenses

 

 

5,865

 

 

 

7,420

 

 

 

5,674

 

 

 

6,042

 

(Loss) income from operations

 

 

(1,738

)

 

 

(2,277

)

 

 

177

 

 

 

9,117

 

Net (loss) income

 

 

(1,643

)

 

 

(2,268

)

 

 

248

 

 

 

9,614

 

(Loss) income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.15

)

 

$

(0.21

)

 

$

0.02

 

 

$

0.89

 

Diluted

 

$

(0.15

)

 

$

(0.21

)

 

$

0.02

 

 

$

0.88