Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Operations (Unaudited)

v3.19.3
Condensed Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Sales $ 13,142 $ 15,787 $ 42,713 $ 44,064
Cost of goods sold 7,067 8,922 23,167 24,403
Gross profit 6,075 6,865 19,546 19,661
Operating expenses:        
Research and development 2,403 2,475 6,944 7,162
Sales and marketing 1,461 2,161 5,964 9,140
General and administrative 2,416 1,922 6,168 7,864
Total operating expenses 6,280 6,558 19,076 24,166
Income (loss) from operations (205) 307 470 (4,505)
Other expense (income):        
Interest income (183) (159) (559) (398)
Gain on deferred purchase price liability       (389)
Interest expense   6 1 30
Total other income (183) (153) (558) (757)
Income (loss) before income taxes (22) 460 1,028 (3,748)
Provision for income taxes 113 23 165 110
Net income (loss) $ (135) $ 437 $ 863 $ (3,858)
Net income (loss) per share:        
Basic $ (0.01) $ 0.05 $ 0.09 $ (0.41)
Diluted $ (0.01) $ 0.04 $ 0.09 $ (0.41)
Weighted average shares used in calculating income (loss) per share:        
Basic 9,711 9,566 9,678 9,495
Diluted 9,711 10,093 10,083 9,495