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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Net revenues $ 21,144 $ 14,443 $ 62,520 $ 38,948
Cost of revenues 10,749 7,993 31,642 21,564
Gross margin 10,395 6,450 30,878 17,384
Operating expenses:        
Selling expense 2,841 1,747 7,849 5,560
Engineering and product development expense 1,334 1,316 4,012 3,825
General and administrative expense 3,620 2,799 10,550 8,525
Restructuring and other charges 51 161 303 207
Total operating expenses 7,846 6,023 22,714 18,117
Operating income (loss) 2,549 427 8,164 (733)
Other income (loss) (17) 6 2 (44)
Earnings (loss) before income tax expense (benefit) 2,532 433 8,166 (777)
Income tax expense (benefit) 357 (25) 1,170 (262)
Net earnings (loss) $ 2,175 $ 458 $ 6,996 $ (515)
Net earnings (loss) per common share - basic (in dollars per share) $ 0.21 $ 0.04 $ 0.67 $ (0.05)
Weighted average common shares outstanding - basic (in shares) 10,496,188 10,269,995 10,422,851 10,247,779
Net earnings (loss) per common share - diluted (in dollars per share) $ 0.20 $ 0.04 $ 0.65 $ (0.05)
Weighted average common shares and common share equivalents outstanding - diluted (in shares) 10,792,290 10,287,562 10,694,351 10,247,779