Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.22.2.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net sales $ 38,143 $ 34,146 $ 74,218 $ 54,303
Cost of products sold 32,863 30,703 62,194 49,946
Gross profit 5,280 3,443 12,024 4,357
Other expenses and income:        
Selling, general and administrative 5,059 4,973 10,544 9,805
Selling, general and administrative – amortization 273 274 547 365
Other operating income, net 0 (1,102) 0 (1,102)
Operating income (loss) (52) (702) 933 (4,711)
Other income, net (62) (145) (125) (305)
Interest income (24) (14) (32) (31)
Interest expense 270 129 435 168
Income (loss) before provision (benefit) for income taxes (236) (672) 655 (4,543)
Provision (benefit) for income taxes (40) (180) 175 (925)
Net income (loss) $ (196) $ (492) $ 480 $ (3,618)
Basic:        
Net income (loss) $ (0.02) $ (0.05) $ 0.05 $ (0.35)
Diluted:        
Net income (loss) $ (0.02) $ (0.05) $ 0.05 $ (0.35)
Weighted average common shares outstanding:        
Basic 10,617 10,681 10,614 10,442
Diluted 10,617 10,681 10,618 10,442
Dividends declared per share $ 0 $ 0.11 $ 0 $ 0.22