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 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Total revenues $ 27,602 $ 16,884 $ 84,166 $ 46,769
Cost of revenue:        
Total Cost of revenue 12,679 9,254 40,334 25,050
Gross profit 14,923 7,630 43,832 21,719
Operating expenses:        
Selling, general and administrative expenses 11,636 6,321 38,905 18,424
Research and development expenses 2,535 1,824 8,289 5,508
Acquisition-related expenses 1,611 4,673
Total Operating expenses 14,171 9,756 47,194 28,605
Loss from operations 752 (2,126) (3,362) (6,886)
Interest income 10 37 41 110
Interest expense (817) (10) (2,156) (56)
Other (expense) income, net 7 (46)
Net loss before income taxes (55) (2,099) (5,470) (6,878)
Income taxes (529) (1,182)
Net loss before non-controlling interest (584) (2,099) (6,652) (6,878)
Non-controlling interest (6) 10
Preferred stock dividends (1,159) (3,422)
Net loss attributable to common stockholders $ (1,749) $ (2,099) $ (10,064) $ (6,878)
Net loss per share - basic and diluted $ (0.06) $ (0.12) $ (0.34) $ (0.39)
Weighted average common shares outstanding - basic and diluted 30,143,000 17,929,000 29,528,000 17,744,000
Products [Member]        
Revenues        
Total revenues $ 10,914 $ 11,062 $ 33,516 $ 28,954
Cost of revenue:        
Total Cost of revenue 6,700 7,227 22,025 18,528
Services [Member]        
Revenues        
Total revenues 16,688 5,822 50,650 17,815
Cost of revenue:        
Total Cost of revenue $ 5,979 $ 2,027 $ 18,309 $ 6,522