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Selected Quarterly Data (Unaudited) | 12 Months Ended
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Sep. 30, 2021
Selected Quarterly Financial Information [Abstract] |
Selected Quarterly Data (Unaudited) | 22. Selected Quarterly Data (Unaudited) The following table sets forth selected unaudited consolidated quarterly financial information for the years ended September 30, 2021 and 2020 (in thousands, except percentages and per share amounts):
|  | Fiscal Year 2021 |
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
Revenue, net of returns and allowances |  | $ | 17,975 |  |  | $ | 19,790 |  |  | $ | 23,100 |  |  | $ | 24,340 |
Cost of sales |  |  | 10,463 |  |  |  | 12,062 |  |  |  | 13,021 |  |  |  | 15,129 |
Gross profit |  |  | 7,512 |  |  |  | 7,728 |  |  |  | 10,079 |  |  |  | 9,211 |
Selling, general and administrative |  |  | 5,213 |  |  |  | 5,688 |  |  |  | 7,281 |  |  |  | 6,558 |
Research, development and engineering |  |  | 1,245 |  |  |  | 1,869 |  |  |  | 1,523 |  |  |  | 1,342 |
Restructuring charges |  |  | — |  |  |  | — |  |  |  | 71 |  |  |  | 15 |
Operating income |  |  | 1,054 |  |  |  | 171 |  |  |  | 1,204 |  |  |  | 1,296 |
Interest (expense) income and other, net |  |  | (255 | ) |  |  | 73 |  |  |  | (155 | ) |  |  | 46 |
Income from continuing operations before income taxes |  |  | 799 |  |  |  | 244 |  |  |  | 1,049 |  |  |  | 1,342 |
Income tax provision |  |  | 80 |  |  |  | 490 |  |  |  | 680 |  |  |  | 676 |
Net income (loss) |  | $ | 719 |  |  | $ | (246 | ) |  | $ | 369 |  |  | $ | 666 |
Gross margin |  |  | 41.8 | % |  |  | 39.1 | % |  |  | 43.6 | % |  |  | 37.8 | %
Operating margin |  |  | 5.9 | % |  |  | 0.9 | % |  |  | 5.2 | % |  |  | 5.3 | %
Income (Loss) Per Share: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) per basic share |  | $ | 0.05 |  |  | $ | (0.02 | ) |  | $ | 0.03 |  |  | $ | 0.05 |
Weighted average shares outstanding - basic |  |  | 14,072 |  |  |  | 14,151 |  |  |  | 14,176 |  |  |  | 14,190 |
Net income (loss) per diluted share |  | $ | 0.05 |  |  | $ | (0.02 | ) |  | $ | 0.03 |  |  | $ | 0.05 |
Weighted average shares outstanding - diluted |  |  | 14,117 |  |  |  | 14,151 |  |  |  | 14,373 |  |  |  | 14,387 |
|  | 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 |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=124502072&loc=SL124452896-108306 + Details
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