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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Net sales:        
Equipment revenues $ 20,007,000 $ 20,597,000 $ 60,973,000 $ 60,872,000
Service revenues 6,232,000 4,546,000 17,380,000 12,476,000
Total Revenues 26,239,000 25,143,000 78,353,000 73,348,000
Cost of sales:        
Equipment related expenses 13,285,000 13,471,000 39,525,000 39,681,000
Service related expenses 998,000 943,000 3,227,000 2,708,000
Cost of sales 14,283,000 14,414,000 42,752,000 42,389,000
Gross Profit 11,956,000 10,729,000 35,601,000 30,959,000
Research and development 1,815,000 1,851,000 5,387,000 5,358,000
Selling, general, and administrative expenses 6,096,000 5,231,000 18,566,000 16,901,000
Operating expenses 7,911,000 7,082,000 23,953,000 22,259,000
Operating Income 4,045,000 3,647,000 11,648,000 8,700,000
Other expense:        
Interest expense, net 5,000 5,000 3,000 18,000
Income before Provision for Income Taxes 4,040,000 3,642,000 11,645,000 8,682,000
Provision for Income Taxes 425,000 520,000 1,225,000 1,187,000
Net Income $ 3,615,000 $ 3,122,000 $ 10,420,000 $ 7,495,000
Income per share:        
Basic (in dollars per share) $ 0.20 $ 0.17 $ 0.56 $ 0.40
Diluted (in dollars per share) $ 0.20 $ 0.17 $ 0.56 $ 0.40
Weighted average number of shares outstanding:        
Basic (per share) 18,472,000 18,489,000 18,476,000 18,607,000
Diluted (per share) 18,516,000 18,533,000 18,530,000 18,654,000