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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Sales, net $ 52,769 $ 49,977
Cost of sales 46,042 43,755
Gross profit 6,727 6,222
Selling and administrative expenses 3,468 3,518
Operating income 3,259 2,704
Other income (expense), net:    
Interest expense (397) (630)
Unrealized gain (loss) on investment in iBio Stock 103 (23)
Realized gains on sale of investment in iBio Stock 72
Other (expense) income, net 51 (9)
Total other expense, net (171) (662)
Income before income taxes 3,088 2,042
Income tax (benefit) expense, net (1,020) 354
Net income $ 4,108 $ 1,688
Basic net income per common share (in dollars per share) $ 0.14 $ 0.06
Diluted net income per common share (in dollars per share) $ 0.13 $ 0.06
Weighted average common shares outstanding - basic (in shares) 29,572,255 28,930,495
Add: Equivalent shares outstanding - stock options (in shares) 1,584,995 656,055
Weighted average common shares outstanding - diluted (in shares) 31,157,250 29,586,550