Annual report pursuant to Section 13 and 15(d)

Quarterly Operating Results

v3.21.1
Quarterly Operating Results
 12 Months Ended
Dec. 31, 2020
Quarterly Operating Results [Abstract]  
Quarterly Operating Results

Quarterly Operating Results

(in thousands except per share amounts)

Unaudited







 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



Quarter Ended



 

March 31

 

June 30

 

Sep 30

 

Dec 31

2020

 

 

 

 

 

 

 

 

Sales

$

 9,163 

$

 9,628 

$

 12,110 

$

 11,675 

Operating (loss) income from continuing operations

 

 (1,224)

 

 (1,646)

 

 306 

 

 (133)

Net (loss) income from continuing operations

 

 (809)

 

 (1,367)

 

 554 

 

 (174)

Net income (loss) from discontinued operations

 

 2,313 

 

 (569)

 

 (291)

 

 171 

Net income (loss)

 

 1,504 

 

 (1,936)

 

 263 

 

 (3)



 

 

 

 

 

 

 

 

Basic net (loss) income per share

 

 

 

 

 

 

 

 

Continuing operations

$

 (0.09)

$

 (0.15)

$

 0.06 

$

 (0.01)

Discontinued operations

$

 0.25 

$

 (0.06)

$

 (0.03)

$

 0.01 

Diluted net (loss) income per share

 

 

 

 

 

 

 

 

Continuing operations

$

 (0.09)

$

 (0.15)

$

 0.06 

$

 (0.01)

Discontinued operations

$

 0.25 

$

 (0.06)

$

 (0.03)

$

 0.01 



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

2019

 

 

 

 

 

 

 

 

Sales

$

 11,216 

$

 10,704 

$

 13,622 

$

 15,364 

Operating (loss) income from continuing operations

 

 (821)

 

 (1,129)

 

 772 

 

 1,187 

Net (loss) income from continuing operations

 

 (771)

 

 (1,069)

 

 877 

 

 1,214 

Net income from discontinued operations

 

 1,010 

 

 3,842 

 

 860 

 

 506 

Net income

 

 239 

 

 2,773 

 

 1,737 

 

 1,720 



 

 

 

 

 

 

 

 

Basic net (loss) income per share

 

 

 

 

 

 

 

 

Continuing operations

$

 (0.08)

$

 (0.11)

$

 0.09 

$

 0.13 

Discontinued operations

$

 0.11 

$

 0.41 

$

 0.09 

$

 0.06 

Diluted net (loss) income per share

 

 

 

 

 

 

 

 

Continuing operations

$

 (0.08)

$

 (0.11)

$

 0.09 

$

 0.13 

Discontinued operations

$

 0.11 

$

 0.41 

$

 0.09 

$

 0.05 



 

 

 

 

 

 

 

 

The company recorded a gain of $2,161,000 on the sale inventory, working capital, and certain capital equipment to Primex in the first quarter of 2020.