Annual report pursuant to Section 13 and 15(d)

Quarterly Summary of Information (Unaudited) (Tables)

v3.20.4
Quarterly Summary of Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Summary of Unaudited Quarterly Statements of Income Data

The following table sets forth the Company’s unaudited quarterly statements of income data in dollars for each of the eight quarters in the period ended December 31, 2020. The Company has prepared the quarterly statements of income data on a basis consistent with the audited financial statements. In the opinion of management, the financial information reflects all adjustments, consisting only of normal recurring adjustments, which the Company considers necessary for a fair presentation of this data. The results of historical periods are not necessarily indicative of the results of operations for any future period.

 

(amounts in thousands, except share and per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarterly Results 2020

 

Q1 March

 

 

Q2 June

 

 

Q3 September

 

 

Q4 December

 

Total revenue

 

$

88,489

 

 

$

71,691

 

 

$

74,329

 

 

$

73,978

 

Gross profit

 

 

38,366

 

 

 

32,749

 

 

 

33,006

 

 

 

34,059

 

Income (loss) before provision (benefit) for income taxes

 

 

(1,687

)

 

 

3,525

 

 

 

(1,913

)

 

 

(5,205

)

Provision (benefit) for income taxes

 

 

(98

)

 

 

945

 

 

 

(214

)

 

 

(84

)

Net income (loss)

 

 

(1,589

)

 

 

2,580

 

 

 

(1,699

)

 

 

(5,121

)

Net income (loss) per share attributable to

   common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.07

)

 

$

0.12

 

 

$

(0.08

)

 

$

(0.23

)

Diluted (1)

 

$

(0.07

)

 

$

0.12

 

 

$

(0.08

)

 

$

(0.23

)

Weighted-average number of shares used in

   calculating net income (loss) per share attributable

   to common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic common shares

 

 

21,916,365

 

 

 

21,963,472

 

 

 

21,998,299

 

 

 

22,042,288

 

Diluted common shares

 

 

21,916,365

 

 

 

22,221,356

 

 

 

21,998,299

 

 

 

22,042,288

 

 

(1)

Due to net loss for periods Q1 March, Q3 September and Q4 December, diluted loss per share is the same as basic.

 

(amounts in thousands, except share and per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarterly Results 2019

 

Q1 March

 

 

Q2 June

 

 

Q3 September

 

 

Q4 December

 

Total revenue

 

$

90,202

 

 

$

101,063

 

 

$

91,761

 

 

$

78,917

 

Gross profit

 

 

44,409

 

 

 

50,215

 

 

 

43,315

 

 

 

33,922

 

Income (loss) before provision (benefit) for income taxes

 

 

6,072

 

 

 

13,684

 

 

 

8,753

 

 

 

(4,237

)

Provision (benefit) for income taxes

 

 

770

 

 

 

3,524

 

 

 

1,890

 

 

 

(2,862

)

Net income (loss)

 

 

5,302

 

 

 

10,160

 

 

 

6,863

 

 

 

(1,375

)

Net income (loss) per share attributable to

   common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.24

 

 

$

0.47

 

 

$

0.31

 

 

$

(0.06

)

Diluted (2)

 

$

0.24

 

 

$

0.45

 

 

$

0.31

 

 

$

(0.06

)

Weighted-average number of shares used in

   calculating net income (loss) per share attributable

   to common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic common shares

 

 

21,750,305

 

 

 

21,815,634

 

 

 

21,840,473

 

 

 

21,878,004

 

Diluted common shares

 

 

22,534,885

 

 

 

22,359,679

 

 

 

22,191,688

 

 

 

21,878,004

 

 

(2)

Due to net loss for period Q4 December, diluted loss per share is the same as basic.