Selected Quarterly Financial Data (unaudited)

12 Months Ended

Feb. 28, 2018

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, 2018 and February 28, 2017, respectively. The summation of quarterly net income (loss) per share may not agree with annual net income (loss) per share due to rounding:

	2018
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
	(in thousands, except per share amounts)
Net Sales	$	3,897		$	3,161		$	1,666		$	3,220
Gross profit (loss)		597			478			(144	)		(341	)
Net income (loss)		(266	)		(221	)		(1,203	)		(1,248	)
Basic net income (loss) per share	$	(0.05	)	$	(0.04	)	$	(0.20	)	$	(0.21	)
Diluted net income (loss) per share	$	(0.05	)	$	(0.04	)	$	(0.20	)	$	(0.21	)

	2017
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
	(in thousands, except per share amounts)
Net Sales	$	3,710		$	3,632		$	5,299		$	6,998
Gross profit (loss)		416			590			898			835
Net income (loss)		(391	)		(378	)		(45	)		(192	)
Basic net income (loss) per share	$	(0.07	)	$	(0.06	)	$	(0.01	)	$	(0.03	)
Diluted net income (loss) per share	$	(0.07	)	$	(0.06	)	$	(0.01	)	$	(0.03	)