Quarterly Results of Operations (Unaudited) (Table)

12 Months Ended

Dec. 31, 2020

Quarterly Results of Operations (Unaudited)

Unaudited quarterly results of operations

1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

Total Year

2020:

Product sales

$

61,930,000

35,847,000

54,240,000

58,563,000

210,580,000

Tooling sales

2,093,000

1,959,000

5,633,000

2,091,000

11,776,000

Net sales

64,023,000

37,806,000

59,873,000

60,654,000

222,356,000

Gross margin

10,766,000

2,903,000

10,838,000

9,967,000

34,474,000

Operating income (loss)

4,261,000

(1,206,000)

4,321,000

3,014,000

10,390,000

Net income (loss)

7,961,000

(2,272,000)

3,343,000

(867,000)

8,165,000

Net income (loss) per common share:

Basic (1)

$

0.97

$

(0.29)

$

0.39

$

(0.10)

$

0.98

Diluted (1)

$

0.97

$

(0.29)

$

0.39

$

(0.10)

$

0.98

2019:

Product sales

$

71,451,000

$

75,440,000

$

67,511,000

$

54,585,000

$

268,987,000

Tooling sales

815,000

5,807,000

7,144,000

1,537,000

15,303,000

Net sales

72,266,000

81,247,000

74,655,000

56,122,000

284,290,000

Gross margin

3,149,000

8,491,000

6,484,000

3,382,000

21,506,000

Operating income (loss)

(4,017,000)

1,267,000

(4,657,000)

(4,121,000)

(11,528,000)

Net income (loss)

(3,845,000)

209,000

(6,125,000)

(5,462,000)

(15,223,000)

Net income (loss) per common share:

Basic (1)

$

(0.49)

$

0.03

$

(0.78)

$

(0.69)

$

(1.94)

Diluted (1)

$

(0.49)

$

0.03

$

(0.78)

$

(0.69)

$

(1.94)

2018:

Product sales

$

59,712,000

$

65,225,000

$

62,305,000

$

68,975,000

$

256,217,000

Tooling sales

3,334,000

3,376,000

2,371,000

4,187,000

13,268,000

Net sales

63,046,000

68,601,000

64,676,000

73,162,000

269,485,000

Gross margin

7,885,000

7,897,000

4,862,000

6,497,000

27,141,000

Operating income (loss)

1,125,000

1,418,000

(1,487,000)

(4,156,000)

(3,100,000)

Net income (loss)

518,000

445,000

(1,803,000)

(3,942,000)

(4,782,000)

Net income (loss) per common share:

Basic (1)

$

0.07

$

0.06

$

(0.23)

$

(0.51)

$

(0.62)

Diluted (1)

$

0.07

$

0.06

$

(0.23)

$

(0.51)

$

(0.62)

(1)

 Sum of the quarters may not sum to total year due to rounding.