Income Statement

v3.19.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Sep. 28, 2019
Sep. 29, 2018
Revenue $ 3,035,000 $ 2,680,000 $ 6,533,000 $ 5,730,000
Cost of goods and services 1,787,000 1,554,000 3,754,000 3,298,000
Gross profit 1,248,000 1,126,000 2,779,000 2,432,000
Operating expenses:        
Engineering 349,000 343,000 704,000 718,000
Selling, general and administrative 751,000 900,000 1,798,000 1,901,000
Total operating expenses 1,100,000 1,243,000 2,502,000 2,619,000
Operating income (loss) 148,000 (117,000) 277,000 (187,000)
Interest expense:        
Interest expense, net (66,000) (87,000) (124,000) (173,000)
Interest expense from accretion of loan discount (54,000) (19,000) (105,000)
Total interest expense, net (66,000) (141,000) (143,000) (278,000)
Income (loss) before income taxes 82,000 (258,000) 134,000 (465,000)
Provision for income taxes 2,000 2,000 2,000 42,000
Net income (loss) 80,000 (260,000) 132,000 (507,000)
Deemed dividend on Series E shares (36,000) (22,000) (73,000) (62,000)
Net income (loss) attributable to common shareholders $ 44,000 $ (282,000) $ 59,000 $ (569,000)
Income (loss) per common share - basic (in dollars per share) $ 0 $ (0.03) $ 0.01 $ (0.06)
Income (loss) per common share - diluted (in dollars per share) $ 0 $ (0.03) $ 0 $ (0.06)
Weighted average shares used in per share calculation:        
Basic (in shares) 11,693 10,546 11,694 10,254
Diluted (in shares) 23,699 10,546 23,699 10,254
Product [Member]        
Revenue $ 373,000 $ 109,000 $ 2,311,000 $ 316,000
Service [Member]        
Revenue $ 2,662,000 $ 2,571,000 $ 4,222,000 $ 5,414,000

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