Quarterly Results of Operations (Unaudited)

The following is a summary of the unaudited quarterly results of operations for the years ended December 31, 2018, 2017 and 2016.



	1st Quarter		2nd Quarter		3rd Quarter			4th Quarter			Total Year
2018:
Product sales	$	59,712,000	$	65,225,000	$	62,305,000		$	68,975,000		$	256,217,000
Tooling sales	3,334,000		3,376,000		2,371,000			4,187,000			13,268,000
Net sales	63,046,000		68,601,000		64,676,000			73,162,000			269,485,000
Gross margin	7,885,000		7,897,000		4,862,000			6,497,000			27,141,000
Operating income (loss)	1,125,000		1,418,000		(1,487,000		)	(4,156,000		)	(3,100,000		)
Net income (loss)	518,000		445,000		(1,803,000		)	(3,942,000		)	(4,782,000		)
Net income (loss) per common share:
Basic (1)	$	0.07	$	0.06	$	(0.23	)	$	(0.51	)	$	(0.62	)
Diluted (1)	$	0.07	$	0.06	$	(0.23	)	$	(0.51	)	$	(0.62	)

2017:
Product sales	$	36,336,000	$	36,794,000	$	37,593,000		$	37,900,000		$	148,623,000
Tooling sales	410,000		10,574,000		901,000			1,165,000			13,050,000
Net sales	36,746,000		47,368,000		38,494,000			39,065,000			161,673,000
Gross margin	6,479,000		7,341,000		5,752,000			5,059,000			24,631,000
Operating income	2,554,000		3,173,000		1,394,000			820,000			7,941,000
Net income	1,688,000		2,162,000		855,000			754,000			5,459,000
Net income per common share:
Basic (1)	$	0.22	$	0.28	$	0.11		$	0.10		$	0.71
Diluted (1)	$	0.22	$	0.28	$	0.11		$	0.10		$	0.70

2016:
Product sales	$	42,530,000	$	36,813,000	$	33,816,000		$	33,465,000		$	146,624,000
Tooling sales	2,938,000		2,193,000		7,520,000			15,607,000			28,258,000
Net sales	45,468,000		39,006,000		41,336,000			49,072,000			174,882,000
Gross margin	8,863,000		6,323,000		5,581,000			7,139,000			27,906,000
Operating income	4,442,000		2,307,000		1,657,000			3,121,000			11,527,000
Net income	2,890,000		1,460,000		1,029,000			2,032,000			7,411,000
Net income per common share:
Basic (1)	$	0.38	$	0.19	$	0.13		$	0.27		$	0.97
Diluted (1)	$	0.38	$	0.19	$	0.13		$	0.26		$	0.97

(1) Sum of the quarters may not sum to total year due to rounding.