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Selected Quarterly Financial Data (unaudited)
12 Months Ended
Feb. 28, 2015
Selected Quarterly Financial Data (unaudited)

Note 12. Selected Quarterly Financial Data (unaudited)

The following table sets forth selected quarterly consolidated financial data for the fiscal years ended February 28, 2015 and 2014, respectively. The summation of quarterly net income (loss) per share may not agree with annual net income (loss) per share due to rounding. Excludes discontinued operations:

 

     2015  
     First
Quarter
     Second
Quarter
     Third
Quarter
     Fourth
Quarter
 
     (in thousands, except per share amounts)  

Net Sales

   $ 3,695       $ 2,592       $ 3,557       $ 2,974   

Gross profit

     977         14         674         (280

Net income (loss)

     139         149         (2,836      (3,445

Basic net income (loss) per share

   $ 0.02       $ 0.02       $ (0.45    $ (0.54

Diluted net income (loss) per share

   $ 0.02       $ 0.02       $ (0.45    $ (0.54

 

     2014  
     First
Quarter
     Second
Quarter
     Third
Quarter
     Fourth
Quarter
 
     (in thousands, except per share amounts)  

Net Sales

   $ 4,201       $ 2,585       $ 3,721       $ 3,904   

Gross profit

     178         224         226         (1,706

Net income (loss)

     (451      (804      (651      (3,554

Basic net income (loss) per share

   $ (0.06    $ (0.11    $ (0.09    $ (0.47

Diluted net income (loss) per share

   $ (0.06    $ (0.11    $ (0.09    $ (0.47