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Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Summarized Quarterly Information Summarized quarterly data for fiscal 2018 and 2017 are as follows (in thousands, except per share data):

 

 

Year Ended December 31, 2018

 

 

 

1st Quarter

 

 

2nd Quarter

 

 

3rd Quarter

 

 

4th Quarter

 

Selected quarterly financial data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

5,463

 

 

$

6,945

 

 

$

6,525

 

 

$

7,352

 

Gross profit

 

$

4,154

 

 

$

5,829

 

 

$

5,546

 

 

$

6,424

 

Operating income (loss)

 

$

(2,021

)

 

$

74

 

 

$

55

 

 

$

679

 

Net income (loss)

 

$

(2,381

)

 

$

(2,177

)

 

$

(983

)

 

$

2,801

 

Net earnings (loss) per share - basic (1)

 

$

(0.16

)

 

$

(0.10

)

 

$

(0.04

)

 

$

0.10

 

Weighted average shares outstanding - basic

 

 

15,299

 

 

 

21,888

 

 

 

25,020

 

 

 

26,925

 

Net earnings (loss) per share - diluted (1)

 

$

(0.16

)

 

$

(0.10

)

 

$

(0.04

)

 

$

0.10

 

Weighted average shares outstanding - diluted

 

 

15,299

 

 

 

21,888

 

 

 

25,020

 

 

 

27,395

 

 

 

 

Year Ended December 31, 2017

 

 

 

1st Quarter

 

 

2nd Quarter

 

 

3rd Quarter

 

 

4th Quarter

 

Selected quarterly financial data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

5,576

 

 

$

5,862

 

 

$

5,804

 

 

$

5,732

 

Gross profit

 

$

4,293

 

 

$

4,577

 

 

$

4,645

 

 

$

4,377

 

Operating loss

 

$

(2,578

)

 

$

(1,619

)

 

$

(942

)

 

$

(535

)

Net loss

 

$

(2,880

)

 

$

(1,952

)

 

$

(1,670

)

 

$

(160

)

Net loss per share - basic (1)

 

$

(0.24

)

 

$

(0.15

)

 

$

(0.12

)

 

$

(0.01

)

Weighted average shares outstanding - basic

 

 

12,163

 

 

 

13,179

 

 

 

14,297

 

 

 

14,281

 

Net loss per share - diluted (1)

 

$

(0.24

)

 

$

(0.15

)

 

$

(0.12

)

 

$

(0.01

)

Weighted average shares outstanding - diluted

 

 

12,163

 

 

 

13,179

 

 

 

14,297

 

 

 

14,281

 

 

(1)

Basic and diluted net loss per share is computed independently for each of the quarters presented. Therefore, the sum of the quarterly per share amounts will not necessarily equal the total for the year.