WELLS GARDNER ELECTRONICS CORP
CIK:0000105608|SEC Filings
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2018 |
Jun. 30, 2017 |
Jun. 30, 2018 |
Jun. 30, 2017 |
|
| Net sales | $ 2,350 | $ 3,261 | $ 5,172 | $ 6,449 |
| Cost of sales | 1,611 | 2,243 | 3,662 | 4,461 |
| Gross margin | 739 | 1,018 | 1,510 | 1,988 |
| Selling & administrative expenses | 1,131 | 1,241 | 2,765 | 2,530 |
| Transaction related costs | 50 | |||
| Intangible amortization | 54 | 54 | 108 | 108 |
| Operating loss | (446) | (277) | (1,363) | (700) |
| Interest expense | 36 | 12 | 66 | 24 |
| Loss before income tax | (482) | (289) | (1,429) | (724) |
| Income Tax expense | 3 | 1 | 3 | 1 |
| Net loss | $ (485) | $ (290) | $ (1,432) | $ (725) |
| Basic Diluted net loss per common share (in dollars per share) | $ (0.03) | $ (0.02) | $ (0.08) | $ (0.04) |
| Basic common weighted shares outstanding (in shares) | 16,953,176 | 16,953,176 | 16,953,176 | 16,953,176 |
| Diluted common weighted shares outstanding (in shares) | 16,953,176 | 16,953,176 | 16,953,176 | 16,953,176 |