| QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) |
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
The quarterly results of operations shown below are derived from unaudited financial statements for the eight quarters ended December 31, 2019 (in thousands, except per share data, rounding may apply):
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Year Ended December 31, 2019 |
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First Quarter |
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Second Quarter |
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Third Quarter |
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Fourth Quarter |
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Total |
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Revenues |
$ |
65,155 |
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$ |
69,371 |
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$ |
62,715 |
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$ |
61,718 |
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$ |
258,959 |
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Gross profit |
10,073 |
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10,565 |
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9,567 |
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8,310 |
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38,515 |
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Net income (loss) from continuing operations |
$ |
1,797 |
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$ |
2,476 |
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$ |
1,583 |
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$ |
(18,740 |
) |
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$ |
(12,884 |
) |
Net income (loss) from discontinued operations, net of tax |
(46 |
) |
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(72 |
) |
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(1,002 |
) |
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(970 |
) |
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(2,090 |
) |
Net income (loss) |
1,751 |
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2,404 |
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581 |
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(19,710 |
) |
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(14,974 |
) |
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Basic EPS (1) from continuing operations |
$ |
0.07 |
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$ |
0.10 |
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$ |
0.06 |
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$ |
(0.76 |
) |
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$ |
(0.52 |
) |
Basic EPS (1) from discontinued operations |
— |
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— |
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(0.04 |
) |
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(0.04 |
) |
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(0.08 |
) |
Basic EPS (1) |
0.07 |
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0.10 |
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0.02 |
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(0.80 |
) |
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(0.61 |
) |
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Diluted EPS (1) from continuing operations |
$ |
0.07 |
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$ |
0.10 |
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$ |
0.06 |
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$ |
(0.76 |
) |
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$ |
(0.52 |
) |
Diluted EPS (1) from discontinued operations |
— |
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— |
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(0.04 |
) |
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(0.04 |
) |
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(0.08 |
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Diluted EPS (1) |
0.07 |
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0.10 |
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0.02 |
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(0.80 |
) |
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(0.61 |
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Year Ended December 31, 2018 |
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First Quarter |
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Second Quarter |
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Third Quarter |
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Fourth Quarter |
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Total |
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Revenues |
$ |
71,741 |
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$ |
68,106 |
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$ |
73,416 |
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$ |
74,669 |
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$ |
287,932 |
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Gross profit |
10,140 |
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8,142 |
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6,842 |
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2,694 |
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27,818 |
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Net income (loss) from continuing operations |
$ |
2,185 |
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$ |
2,035 |
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$ |
(716 |
) |
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$ |
(5,232 |
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$ |
(1,728 |
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Net income (loss) from discontinued operations, net of tax |
167 |
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|
180 |
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(893 |
) |
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(58 |
) |
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(604 |
) |
Net income (loss) |
2,352 |
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2,215 |
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(1,609 |
) |
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(5,290 |
) |
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(2,332 |
) |
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Basic EPS (1) from continuing operations |
$ |
0.09 |
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$ |
0.08 |
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$ |
(0.03 |
) |
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$ |
(0.21 |
) |
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$ |
(0.07 |
) |
Basic EPS (1) from discontinued operations |
0.01 |
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0.01 |
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(0.04 |
) |
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— |
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(0.02 |
) |
Basic EPS (1) |
0.10 |
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0.09 |
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(0.07 |
) |
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(0.22 |
) |
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(0.10 |
) |
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Diluted EPS (1) from continuing operations |
$ |
0.09 |
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$ |
0.08 |
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$ |
(0.03 |
) |
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$ |
(0.21 |
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$ |
(0.07 |
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Diluted EPS (1) from discontinued operations |
0.01 |
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0.01 |
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(0.04 |
) |
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— |
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(0.02 |
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Diluted EPS (1) |
0.09 |
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0.09 |
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(0.06 |
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(0.22 |
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(0.10 |
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(1) |
Basic and diluted earnings per share are computed independently for each of the quarters presented based on the weighted average number of common shares outstanding during that period. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share. |
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