Annual report pursuant to Section 13 and 15(d)

Supplementary Data - Quarterly Financial Data

v2.4.0.8
Supplementary Data - Quarterly Financial Data
12 Months Ended
Dec. 31, 2013
Supplementary Data - Quarterly Financial Data [Abstract]  
Supplementary Data - Quarterly Financial Data

SUPPLEMENTARY DATA – QUARTERLY FINANCIAL DATA (Unaudited)

 

The following table sets forth selected quarterly data for the years ended December 31, 2013 and 2012.  The operating results are not indicative of results for any future period.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2013

 

 

First Quarter

 

Second Quarter

 

Third Quarter

 

Fourth Quarter

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

51,000 

 

$

38,855 

 

$

52,776 

 

$

60,405 

Gross profit

 

 

19,216 

 

 

15,654 

 

 

19,670 

 

 

22,945 

Operating (loss) income

 

 

(2,034)

 

 

(2,482)

 

 

(1,490)

 

 

1,316 

Net (loss) income

 

 

(3,032)

 

 

(2,268)

 

 

(1,306)

 

 

736 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Loss) earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic (loss) earnings per share

 

$

(0.10)

 

$

(0.07)

 

$

(0.04)

 

$

0.02 

Diluted (loss) earnings per share

 

 

(0.10)

 

 

(0.07)

 

 

(0.04)

 

 

0.02 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2012

 

 

First Quarter

 

Second Quarter

 

Third Quarter

 

Fourth Quarter

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

46,419 

 

$

31,915 

 

$

48,742 

 

$

48,801 

Gross profit

 

 

18,616 

 

 

12,466 

 

 

18,459 

 

 

17,723 

Operating income (loss)

 

 

4,729 

 

 

(1,991)

 

 

1,535 

 

 

(2,097)

Net income (loss)

 

 

2,590 

 

 

(1,908)

 

 

726 

 

 

544 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share

 

$

0.10 

 

$

(0.06)

 

$

0.02 

 

$

0.02 

Diluted earnings (loss) per share

 

 

0.10 

 

 

(0.06)

 

 

0.02 

 

 

0.02 

 

The net loss for the three months ended September 30, 2013, included cost of sales of $1,541 related to the voluntary recall of all of the PIEPS VECTOR avalanche transceivers.  Absent this recall, the Company would have reported net income of $235 for the three months ended September 30, 2013.