Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data

v3.19.3.a.u2
Selected Quarterly Financial Data
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited) Selected Quarterly Financial Data (Unaudited)
The following table presents the Company’s unaudited quarterly financial data for each of the eight quarters in the period ended December 31, 2019. In management’s opinion, this information has been presented on the same basis as the audited consolidated financial statements included in a separate section of this report, and all necessary adjustments, consisting only of normal recurring adjustments, have been included in the amounts below to present fairly the unaudited quarterly results when read in conjunction with the audited consolidated financial statements and related notes. The operating results for any quarter should not be relied upon as necessarily indicative of results for any future period.
 
Year Ended December 31, 2019
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
(in thousands, except per share amounts)
Net revenue
$
84,635

 
$
82,507

 
$
80,020

 
$
70,018

Gross profit
$
45,077

 
$
44,080

 
$
41,904

 
$
36,624

Net loss
$
(4,851
)
 
$
(2,229
)
 
$
(4,714
)
 
$
(8,104
)
Net loss per share:
 
 
 
 
 
 
 
Basic
$
(0.07
)
 
$
(0.03
)
 
$
(0.07
)
 
$
(0.11
)
Diluted
$
(0.07
)
 
$
(0.03
)
 
$
(0.07
)
 
$
(0.11
)
 
Year Ended December 31, 2018
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
(in thousands, except per share amounts)
Net revenue
$
110,827

 
$
101,533

 
$
85,010

 
$
87,627

Gross profit
$
62,668

 
$
56,330

 
$
43,876

 
$
45,900

Net income (loss)
$
1,847

 
$
(14,422
)
 
$
(13,935
)
 
$
311

Net income (loss) per share:
 
 
 
 
 
 
 
Basic
$
0.03

 
$
(0.21
)
 
$
(0.20
)
 
$
0.00

Diluted
$
0.03

 
$
(0.21
)
 
$
(0.20
)
 
$
0.00