Annual report pursuant to Section 13 and 15(d)

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Tables)

v3.10.0.1
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
 
 
Twelve months ended December 31, 2018
(in thousands, except per share data)
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Revenues
 
$
27,249

 
$
21,875

 
$
23,844

 
$
23,632

Gross profit
 
7,712

 
6,600

 
7,327

 
7,559

Net income (loss)
 
596

 
83

 
740

 
451

Basic net income/(loss) per common share
 
$
0.02

 
$

 
$
0.03

 
$
0.02

Diluted net income/(loss) per common share
 
$
0.02

 
$

 
$
0.03

 
$
0.02

 
 
Twelve months ended December 31, 2017 (as reported)
(in thousands, except per share data)
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Revenues
 
$
22,347

 
$
21,449

 
$
25,931

 
$
28,996

Gross profit
 
6,480

 
5,982

 
7,257

 
7,921

Net income (loss)
 
(768
)
 
(594
)
 
787

 
4,409

Basic net income/(loss) per common share
 
$
(0.03
)
 
$
(0.02
)
 
$
0.03

 
$
0.17

Diluted net income/(loss) per common share
 
$
(0.03
)
 
$
(0.02
)
 
$
0.03

 
$
0.17


 
 
Twelve months ended December 31, 2017 (as restated)
(in thousands, except per share data)
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
(as restated)
Revenues
 
$
22,347

 
$
21,449

 
$
25,931

 
$
28,996

Gross profit
 
6,480

 
5,982

 
7,257

 
7,921

Net income (loss)*
 
(768
)
 
(594
)
 
787

 
7,610

Basic net income/(loss) per common share
 
$
(0.03
)
 
$
(0.02
)
 
$
0.03

 
$
0.29

Diluted net income/(loss) per common share
 
$
(0.03
)
 
$
(0.02
)
 
$
0.03

 
$
0.29

*During the fourth quarter the Company recorded an additional income tax benefit of $3.2 million due to a correction of an error, for a total of $6.4 million in federal income tax benefit associated with the Tax Act.