Annual report pursuant to Section 13 and 15(d)

Quarterly Selected Financial Data (Unaudited) (Tables)

v3.20.1
Quarterly Selected Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Selected Quarterly Financial Data

The following tables contain selected quarterly financial data for each quarter for the years ended December 31, 2019 and 2018. The Company believes the following information reflects all normal recurring adjustments necessary for a fair presentation of the information for the periods presented. The operating results for any period are not necessarily indicative of results for any future periods.

 

    Year Ended December 31, 2019  
    1st Quarter     2nd Quarter     3rd Quarter     4th Quarter (*)  
                         
Revenues:                                
Products   $ 7,249     $ 10,643     $ 11,062     $ 16,462  
Services     6,362       5,631       5,822       18,684  
                                 
      13,611       16,274       16,884       35,146  
                                 
Cost of revenues:                                
Cost of products     4,239       7,062       7,227       11,454  
Cost of services     2,354       2,141       2,027       7,047  
                                 
      6,593       9,203       9,254       18,501  
                                 
Gross Profit     7,018       7,071       7,630       16,645  
                                 
Selling, general and administrative expenses     6,110       5,993       6,321       16,448  
Research and development expenses     1,660       2,024       1,824       3,032  
Acquisition-related expenses     1,449       1,613       1,611       462  
Other income, net     7       (26 )     27       (881 )
Net loss before income taxes     (2,194 )     (2,585 )     (2,099 )     (4,178 )
Income tax benefit     -                       75  
Net loss before non-controlling interest     (2,194 )     (2,585 )     (2,099 )     (4,103 )
Non-controlling interest                             18  
Preferred stock dividend                             (1,084 )
                                 
Net loss attributable to common stockholders   $ (2,194 )   $ (2,585 )   $ (2099 )   $ (5,169 )
                                 
Net loss per share - basic and diluted   $ (0.12 )   $ (0.15 )   $ (0.12 )   $ (0.18 )

 

*Includes results of Pointer for the period beginning on and after October 3, 2019, the date the Company completed the Transactions.

 

    Year Ended December 31, 2018  
    1st Quarter     2nd Quarter     3rd Quarter     4th Quarter  
                         
Revenues:                                
Products   $ 9,898     $ 10,784     $ 9,044     $ 7,171  
Services     3,481       4,025       4,341       4,320  
                                 
      13,379       14,809       13,385       11,491  
                                 
Cost of revenues:                                
Cost of products     5,842       7,408       5,287       4,101  
Cost of services     1,075       986       1,301       1,266  
                                 
      6,917       8,394       6,588       5,367  
                                 
Gross Profit     6,462       6,415       6,797       6,124  
                                 
Selling, general and administrative expenses     5,696       5,993       5,921       7,061  
Research and development expenses     1,743       1,542       1,696       1,882  
Other income, net     (13 )     4       (77 )     10  
                                 
Net loss   $ (990 )   $ (1,116 )   $ (897 )   $ (2,809 )
                                 
Net loss per share - basic and diluted   $ (0.06 )   $ (0.07 )   $ (0.05 )   $ (0.16 )