MESA LABORATORIES INC CO
For the period ended Jun 30, 2024. Filed Aug 5, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 5, 2024
MLAB$127.82-0.3%Stored close · as of Nov 9, 2026
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Condensed Consolidated Statements of Operations
(in thousands, except per share data)
| Three Months Ended June 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues | $58,170 | $50,645 |
| Cost of revenues | 20,921 | 19,462 |
| Gross profit | 37,249 | 31,183 |
| Operating expense: | ||
| Selling | 10,116 | 8,976 |
| General and administrative | 16,818 | 18,060 |
| Research and development | 4,735 | 4,811 |
| Total operating expense | 31,669 | 31,847 |
| Operating income (loss) | 5,580 | (664) |
| Nonoperating expense: | ||
| Interest expense and amortization of debt issuance costs | 2,842 | 1,048 |
| (Gain) on extinguishment of convertible senior notes | (3,197) | - |
| Other expense (income), net | 2,030 | (775) |
| Total nonoperating expense, net | 1,675 | 273 |
| Earnings (loss) before income taxes | 3,905 | (937) |
| Income tax expense (benefit) | 517 | (388) |
| Net income (loss) | $3,388 | $(549) |
| Earnings (loss) per share: | ||
| Basic | $0.63 | $(0.10) |
| Diluted | $0.62 | $(0.10) |
| Weighted-average common shares outstanding: | ||
| Basic | 5,397 | 5,372 |
| Diluted | 5,424 | 5,372 |
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