Income Statement

v3.19.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Revenue $ 3,498,000 $ 3,050,000
Cost of goods and services 1,968,000 1,744,000
Gross profit 1,530,000 1,306,000
Operating expenses:    
Engineering 355,000 375,000
Selling, general and administrative 1,047,000 1,001,000
Total operating expenses 1,402,000 1,376,000
Operating income (loss) 128,000 (70,000)
Interest expense:    
Interest expense, net (94,000) (127,000)
Interest expense from accretion of loan discount (19,000) (50,000)
Total interest expense, net (113,000) (177,000)
Income (loss) before income taxes 15,000 (247,000)
Provision for income taxes 0 40,000
Net income (loss) $ 15,000 $ (287,000)
Income (loss) per common share – basic (in dollars per share) $ 0 $ (0.03)
Income (loss) per common share – diluted (in dollars per share) $ 0 $ (0.03)
Weighted average common shares used in per share calculation:    
Basic (in shares) 10,775 10,419
Diluted (in shares) 23,090 10,419
Product [Member]    
Revenue $ 1,938,000 $ 207,000
Service [Member]    
Revenue $ 1,560,000 $ 2,843,000

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