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Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Summarized Quarterly Information Summarized quarterly data for fiscal 2019 and 2018 are as follows (in thousands, except per share data):

 

 

Year Ended December 31, 2019

 

 

 

1st Quarter

 

 

2nd Quarter

 

 

3rd Quarter

 

 

4th Quarter

 

Selected quarterly financial data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

8,432

 

 

$

10,854

 

 

$

11,782

 

 

$

12,278

 

Gross profit

 

$

7,516

 

 

$

9,880

 

 

$

10,771

 

 

$

11,252

 

Operating income

 

$

62

 

 

$

2,932

 

 

$

3,480

 

 

$

3,631

 

Net income

 

$

48

 

 

$

3,436

 

 

$

3,567

 

 

$

3,671

 

Net earnings per share - basic (1)

 

$

 

 

$

0.11

 

 

$

0.10

 

 

$

0.10

 

Weighted average shares outstanding - basic

 

 

31,297

 

 

 

32,068

 

 

 

36,094

 

 

 

38,501

 

Net earnings per share - diluted (1)

 

$

 

 

$

0.10

 

 

$

0.09

 

 

$

0.09

 

Weighted average shares outstanding - diluted

 

 

31,323

 

 

 

35,308

 

 

 

39,472

 

 

 

41,767

 

 

 

 

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

 

 

$

6,423

 

Operating income (loss)

 

$

(2,021

)

 

$

74

 

 

$

55

 

 

$

678

 

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

 

 

(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.