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Income Statement

Income Statement

v3.21.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Revenue $ 121,019 $ 135,185 $ 234,363 $ 273,957
Cost of revenue 102,329 114,850 198,444 235,398
Gross profit 18,690 20,335 35,919 38,559
Operating expenses:        
Selling, general and administrative 17,232 13,752 34,377 30,552
Amortization of intangibles 104 274 208 417
Total operating expenses 17,336 14,026 34,585 30,969
Operating income 1,354 6,309 1,334 7,590
Other income (expenses):        
Interest expense, net (452) (2,137) (1,716) (4,295)
Gain (loss) on disposition of property and equipment 94 (13) 8 17
Loss on early debt extinguishment 0 0 (1,961) 0
Gain (loss) on change in fair value of warrant liability 0 (102) 14 59
Total other expenses (358) (2,252) (3,655) (4,219)
Income (loss) before income taxes 996 4,057 (2,321) 3,371
Income tax provision (benefit) 264 1,110 (771) 476
Net income (loss) $ 732 $ 2,947 $ (1,550) $ 2,895
Income (loss) per common share:        
Basic (in usd per share) $ 0.07 $ 0.38 $ (0.16) $ 0.37
Diluted (in usd per share) $ 0.07 $ 0.37 $ (0.16) $ 0.37
Weighted average number of shares outstanding:        
Basic (in shares) 10,251,696 7,845,515 9,737,801 7,821,594
Diluted (in shares) 10,469,028 7,905,368 9,737,801 7,878,246

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