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Selected Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data

The following tables contain unaudited Statement of Operations information for each quarter of 2020 and 2019. During the third and fourth quarters of 2020, the Company recorded impairment losses on its digital assets of $44.2 million and $26.5 million, respectively. During the second quarter of 2019, the Company recorded a gain of $29.8 million and an associated discrete tax provision of $8.1 million related to the Domain Name Sale.  

 

 

 

Quarter Ended

 

 

 

 

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

 

Year

 

 

 

(in thousands, except per share data)

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

111,424

 

 

$

110,584

 

 

$

127,408

 

 

$

131,319

 

 

$

480,735

 

Gross profit

 

$

86,879

 

 

$

86,595

 

 

$

105,672

 

 

$

110,534

 

 

$

389,680

 

Net income (loss)

 

$

657

 

 

$

3,387

 

 

$

(14,229

)

 

$

2,661

 

 

$

(7,524

)

Earnings (loss) per share:(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.07

 

 

$

0.35

 

 

$

(1.48

)

 

$

0.28

 

 

$

(0.78

)

Diluted

 

$

0.07

 

 

$

0.35

 

 

$

(1.48

)

 

$

0.27

 

 

$

(0.78

)

 

 

 

Quarter Ended

 

 

 

 

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

 

Year

 

 

 

(in thousands, except per share data)

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

115,366

 

 

$

117,737

 

 

$

119,693

 

 

$

133,531

 

 

$

486,327

 

Gross profit

 

$

89,193

 

 

$

92,387

 

 

$

95,878

 

 

$

108,895

 

 

$

386,353

 

Net (loss) income

 

$

(7,906

)

 

$

20,394

 

 

$

9,700

 

 

$

12,167

 

 

$

34,355

 

(Loss) earnings per share:(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.77

)

 

$

1.99

 

 

$

0.95

 

 

$

1.19

 

 

$

3.35

 

Diluted

 

$

(0.77

)

 

$

1.98

 

 

$

0.94

 

 

$

1.18

 

 

$

3.33

 

 

(1)

The sum of the basic and diluted earnings (loss) per share for the four quarters may differ from annual earnings (loss) per share as the weighted average shares outstanding are computed independently for each of the quarters presented.