Annual report pursuant to Section 13 and 15(d)

Quarterly Results of Operations (Unaudited)

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Quarterly Results of Operations (Unaudited)
12 Months Ended
Dec. 31, 2019
Quarterly Results of Operations (Unaudited)  
Quarterly Results of Operations (Unaudited)

15. Quarterly Results of Operations (Unaudited)

The following is a summary of the quarterly results of operations for the years ended December 31, 2019 and 2018:

Quarter

First

Second

Third

Fourth

Total

2019

Revenues

$

23,285

$

26,701

$

28,564

$

28,162

$

106,712

Gross profit

19,571

22,457

24,054

23,281

89,363

Net loss

(9,504)

(7,022)

(5,571)

(7,038)

(29,135)

Loss per common share - basic and diluted

(0.24)

(0.18)

(0.14)

(0.18)

(0.74)

2018

Revenues

$

17,260

$

20,584

$

22,660

$

23,433

$

83,937

Gross profit

14,547

17,478

19,196

19,793

71,014

Net loss

(5,644)

(7,427)

(4,102)

(5,224)

(22,397)

Loss per common share - basic and diluted

(0.16)

(0.20)

(0.11)

(0.13)

(0.60)