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Selected Quarterly Data (Unaudited) (Tables) | 12 Months Ended
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Sep. 30, 2020
Selected Quarterly Financial Information Abstract |
Schedule of Selected Unaudited Consolidated Quarterly Financial Information | The following table sets forth selected unaudited consolidated quarterly financial information for the years ended September 30, 2020 and 2019 (in thousands, except percentages and per share amounts):
|  | Fiscal Year 2020 |
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
Revenue, net of returns and allowances |  | $ | 20,692 |  |  | $ | 14,460 |  |  | $ | 15,227 |  |  | $ | 15,084 |
Cost of sales |  |  | 12,518 |  |  |  | 9,102 |  |  |  | 9,276 |  |  |  | 10,126 |
Gross profit |  |  | 8,174 |  |  |  | 5,358 |  |  |  | 5,951 |  |  |  | 4,958 |
Selling, general and administrative |  |  | 5,915 |  |  |  | 5,415 |  |  |  | 4,804 |  |  |  | 5,263 |
Research, development and engineering |  |  | 622 |  |  |  | 915 |  |  |  | 899 |  |  |  | 876 |
Restructuring charges |  |  | — |  |  |  | — |  |  |  | 217 |  |  |  | — |
Operating income (loss) |  |  | 1,637 |  |  |  | (972 | ) |  |  | 31 |  |  |  | (1,181 | )
Loss on sale of subsidiary |  |  | (2,793 | ) |  |  | — |  |  |  | — |  |  |  | — |
Interest (expense) income and other, net |  |  | (70 | ) |  |  | 595 |  |  |  | (13 | ) |  |  | (350 | )
(Loss) income from continuing operations before income taxes |  |  | (1,226 | ) |  |  | (377 | ) |  |  | 18 |  |  |  | (1,531 | )
Income tax provision |  |  | 41 |  |  |  | 166 |  |  |  | 90 |  |  |  | 494 |
Loss from continuing operations, net of tax |  |  | (1,267 | ) |  |  | (543 | ) |  |  | (72 | ) |  |  | (2,025 | )
Loss from discontinued operations, net of tax |  |  | (665 | ) |  |  | (11,151 | ) |  |  | — |  |  |  | — |
Net loss |  | $ | (1,932 | ) |  | $ | (11,694 | ) |  | $ | (72 | ) |  | $ | (2,025 | )
Gross margin |  |  | 39.5 | % |  |  | 37.1 | % |  |  | 39.1 | % |  |  | 32.9 | %
Operating margin |  |  | 7.9 | % |  |  | (6.7 | )% |  |  | 0.2 | % |  |  | (7.8 | )%
Loss Per Basic Share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic loss per share from continuing operations |  | $ | (0.09 | ) |  | $ | (0.04 | ) |  | $ | (0.01 | ) |  | $ | (0.14 | )
Basic loss per share from discontinued operations |  | $ | (0.05 | ) |  | $ | (0.79 | ) |  | $ | — |  |  | $ | — |
Net loss per basic share |  | $ | (0.14 | ) |  | $ | (0.83 | ) |  | $ | (0.01 | ) |  | $ | (0.14 | )
Loss Per Diluted Share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Diluted loss per share from continuing operations |  | $ | (0.09 | ) |  | $ | (0.04 | ) |  | $ | (0.01 | ) |  | $ | (0.14 | )
Diluted loss per share from discontinued operations |  | $ | (0.05 | ) |  | $ | (0.79 | ) |  | $ | — |  |  | $ | — |
Net loss per diluted share |  | $ | (0.14 | ) |  | $ | (0.83 | ) |  | $ | (0.01 | ) |  | $ | (0.14 | )
Weighted average shares outstanding - basic |  |  | 14,290 |  |  |  | 14,150 |  |  |  | 14,155 |  |  |  | 14,052 |
Weighted average shares outstanding - diluted |  |  | 14,290 |  |  |  | 14,150 |  |  |  | 14,155 |  |  |  | 14,052 |
|  | Fiscal Year 2019 |
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
Revenue, net of returns and allowances |  | $ | 23,225 |  |  | $ | 20,633 |  |  | $ | 21,003 |  |  | $ | 20,174 |
Cost of sales |  |  | 14,205 |  |  |  | 12,706 |  |  |  | 13,153 |  |  |  | 11,614 |
Gross profit |  |  | 9,020 |  |  |  | 7,927 |  |  |  | 7,850 |  |  |  | 8,560 |
Selling, general and administrative |  |  | 6,626 |  |  |  | 5,793 |  |  |  | 5,718 |  |  |  | 6,126 |
Research, development and engineering |  |  | 866 |  |  |  | 713 |  |  |  | 746 |  |  |  | 743 |
Restructuring charges |  |  | 864 |  |  |  | 173 |  |  |  | 35 |  |  |  | 38 |
Operating income |  |  | 664 |  |  |  | 1,248 |  |  |  | 1,351 |  |  |  | 1,653 |
Interest income and other, net |  |  | 166 |  |  |  | 96 |  |  |  | 249 |  |  |  | 341 |
Income from continuing operations before income taxes |  |  | 830 |  |  |  | 1,344 |  |  |  | 1,600 |  |  |  | 1,994 |
Income tax provision |  |  | 582 |  |  |  | 332 |  |  |  | 707 |  |  |  | 1,012 |
Income from continuing operations, net of tax |  |  | 248 |  |  |  | 1,012 |  |  |  | 893 |  |  |  | 982 |
(Loss) income from discontinued operations, net of tax |  |  | (2,620 | ) |  |  | (6,647 | ) |  |  | 1,154 |  |  |  | (184 | )
Net (loss) income |  | $ | (2,372 | ) |  | $ | (5,635 | ) |  | $ | 2,047 |  |  | $ | 798 |
Gross margin |  |  | 38.8 | % |  |  | 38.4 | % |  |  | 37.4 | % |  |  | 42.4 | %
Operating margin |  |  | 2.9 | % |  |  | 6.0 | % |  |  | 6.4 | % |  |  | 8.2 | %
Income (Loss) Per Basic Share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic income per share from continuing operations |  | $ | 0.02 |  |  | $ | 0.07 |  |  | $ | 0.06 |  |  | $ | 0.07 |
Basic (loss) income per share from discontinued operations |  | $ | (0.18 | ) |  | $ | (0.47 | ) |  | $ | 0.08 |  |  | $ | (0.01 | )
Net (loss) income per basic share |  | $ | (0.16 | ) |  | $ | (0.40 | ) |  | $ | 0.14 |  |  | $ | 0.06 |
Income (Loss) Per Diluted Share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Diluted income per share from continuing operations |  | $ | 0.02 |  |  | $ | 0.07 |  |  | $ | 0.06 |  |  | $ | 0.07 |
Diluted (loss) income per share from discontinued operations |  | $ | (0.18 | ) |  | $ | (0.47 | ) |  | $ | 0.08 |  |  | $ | (0.01 | )
Net (loss) income per diluted share |  | $ | (0.16 | ) |  | $ | (0.40 | ) |  | $ | 0.14 |  |  | $ | 0.06 |
Weighted average shares outstanding - basic |  |  | 14,220 |  |  |  | 14,228 |  |  |  | 14,245 |  |  |  | 14,266 |
Weighted average shares outstanding - diluted |  |  | 14,252 |  |  |  | 14,258 |  |  |  | 14,316 |  |  |  | 14,304 |

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121640914&loc=d3e1280-108306 + Details
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