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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Nov. 30, 2022
Nov. 30, 2021
Nov. 30, 2022
Nov. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)        
Net sales $ 14,815 $ 9,611 $ 25,486 $ 15,257
Cost of sales 6,904 5,092 13,094 8,457
Gross profit 7,911 4,519 12,392 6,800
Operating expenses:        
Selling, general and administrative 2,875 2,489 5,400 4,442
Research and development 1,551 1,313 3,049 2,634
Total operating expenses 4,426 3,802 8,449 7,076
Income (loss) from operations 3,485 717 3,943 (276)
Interest income (expense), net 263 (1) 384 (10)
Gain from forgiveness of PPP loan 0 0 0 1,698
Other (expense) income, net (5) 35 19 58
Income before income tax expense 3,743 751 4,346 1,470
Income tax expense (18) (34) (32) (57)
Net income $ 3,725 $ 717 $ 4,314 $ 1,413
Net income per share        
Basic $ 0.14 $ 0.03 $ 0.16 $ 0.06
Diluted $ 0.13 $ 0.03 $ 0.15 $ 0.05
Shares used in per share calculations:        
Basic 27,579 26,205 27,410 25,102
Diluted 29,080 28,342 28,934 26,849