Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Total revenues $ 25,765 $ 16,274 $ 56,564 $ 29,885
Cost of revenue:        
Total Cost of revenue 11,722 9,203 27,655 15,796
Gross profit 14,043 7,071 28,909 14,089
Operating expenses:        
Selling, general and administrative expenses 12,166 5,993 27,269 12,103
Research and development expenses 2,582 2,024 5,754 3,684
Acquisition-related expenses 1,613 3,062
Total Operating expenses 14,748 9,630 33,023 18,849
Loss from operations (705) (2,559) (4,114) (4,760)
Interest income 17 8 31 73
Interest expense (1,484) (26) (1,339) (46)
Other (expense) income, net 5 (8) 7 (46)
Net loss before income taxes (2,167) (2,585) (5,415) (4,779)
Income taxes (460) (653)
Net loss before non-controlling interest (2,627) (2,585) (6,068) (4,779)
Non-controlling interest 1 16
Preferred stock dividends (1,140) (2,263)
Net loss attributable to common stockholders $ (3,766) $ (2,585) $ (8,315) $ (4,779)
Net loss per share - basic and diluted $ (0.13) $ (0.15) $ (0.28) $ (0.27)
Weighted average common shares outstanding - basic and diluted 29,399 17,678 29,216 17,650
Products [Member]        
Revenues        
Total revenues $ 9,394 $ 10,643 $ 22,602 $ 17,892
Cost of revenue:        
Total Cost of revenue 6,023 7,062 15,325 11,301
Services [Member]        
Revenues        
Total revenues 16,371 5,631 33,962 11,993
Cost of revenue:        
Total Cost of revenue $ 5,699 $ 2,141 $ 12,330 $ 4,495