SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA (Tables)

12 Months Ended

May 31, 2022

SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA (UNAUDITED)

Selected quarterly consolidated financial data (unaudited)

The following tables (presented in thousands, except per share data) sets forth selected unaudited condensed consolidated statements of operations data for each of the four quarters of the fiscal years ended May 31, 2022 and 2021. The unaudited quarterly information has been prepared on the same basis as the annual information presented elsewhere herein and, in the Company’s opinion, includes all adjustments (consisting only of normal recurring entries) necessary for a fair statement of the information for the quarters presented. The operating results for any quarter are not necessarily indicative of results for any future period and should be read in conjunction with the audited consolidated financial statements of the Company’s and the notes thereto included elsewhere herein.

	Three Months Ended
	Aug 31,		Nov 30,		Feb 28,		May 31,
	2021		2021		2022		2022
Net sales	$	5,646	$	9,611	$	15,283	$	20,289
Gross profit	$	2,281	$	4,519	$	6,397	$	10,468
Net income	$	696	$	717	$	2,243	$	5,794
Net income per share basic	$	0.03	$	0.03	$	0.08	$	0.21
Net income per share diluted	$	0.03	$	0.03	$	0.08	$	0.20

	Three Months Ended
	Aug 31,		Nov 30,			Feb 28,			May 31,
	2020		2020			2021			2021
Net sales	$	2,012	$	1,683		$	5,267		$	7,638
Gross profit	$	227	$	377		$	1,894		$	3,534
Net income (loss)	$	107	$	(1,966	)	$	(735	)	$	567
Net income (loss) per share basic and diluted	$	0.00	$	(0.08	)	$	(0.03	)	$	0.02