Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Sep. 25, 2021
Sep. 26, 2020
Sep. 25, 2021
Sep. 26, 2020
Revenue $ 3,567,000 $ 2,692,000 $ 5,617,000 $ 6,240,000
Cost of revenue 2,247,000 1,652,000 3,497,000 3,686,000
Gross profit 1,320,000 1,040,000 2,120,000 2,554,000
Operating expenses:        
Engineering 234,000 554,000 636,000 991,000
Selling, general and administrative 1,049,000 926,000 2,147,000 1,895,000
Total operating expenses 1,283,000 1,480,000 2,783,000 2,886,000
Operating income (loss) 37,000 (440,000) (663,000) (332,000)
Interest expense, net and other:        
Interest expense, net (12,000) (32,000) (15,000) (65,000)
Other income (expense), net 46,000 0 (65,000) 0
Income (loss) before income taxes 71,000 (472,000) (743,000) (397,000)
Provision for income taxes 7,000 2,000 7,000 2,000
Net income (loss) 64,000 (474,000) (750,000) (399,000)
Deemed dividend on Series E preferred stock (2,000) (3,000) (5,000) (6,000)
Cumulative dividends on converted Series E preferred stock 0 0 (43,000) 0
Net income (loss) attributable to common shareholders $ 62,000 $ (477,000) $ (798,000) $ (405,000)
Income (loss) per common share – basic (in dollars per share) $ 0.02 $ (0.18) $ (0.29) $ (0.15)
Income (loss) per common share – diluted (in dollars per share) $ 0.02 $ (0.18) $ (0.29) $ (0.15)
Weighted average common shares used in per share calculation:        
Basic (in shares) 2,725 2,636 2,725 2,636
Diluted (in shares) 3,361 2,636 2,725 2,636
Product [Member]        
Revenue $ 297,000 $ 822,000 $ 348,000 $ 1,931,000
Service [Member]        
Revenue $ 3,270,000 $ 1,870,000 $ 5,269,000 $ 4,309,000