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

31. Quarterly Financial Data (unaudited)

The following table contains selected quarterly data for 2020 and 2019. The information should be read in conjunction with the Company’s financial statements and related notes included elsewhere in this report. The Company believes that 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 quarter are not necessarily indicative of results for any future period.

 

 

 

Three months ended

 

 

 

March 31,

 

 

June 30,

 

 

September 30,

 

 

December 31,

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

52,102

 

 

$

50,414

 

 

$

51,406

 

 

$

56,560

 

Gross profit

 

 

10,507

 

 

 

(5,824

)

 

 

3,330

 

 

 

16,642

 

Operating loss

 

 

(71,250

)

 

 

(75,820

)

 

 

(32,772

)

 

 

(21,282

)

Net loss

 

 

(184,123

)

 

 

(81,687

)

 

 

(2,316

)

 

 

(2,947

)

Net loss per share—basic and diluted1

 

$

(1.73

)

 

$

(0.65

)

 

$

(0.02

)

 

$

(0.02

)

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

23,038

 

 

$

45,904

 

 

$

51,101

 

 

$

46,936

 

Gross profit

 

 

5,385

 

 

 

12,273

 

 

 

15,853

 

 

 

(57,007

)

Operating loss

 

 

(28,332

)

 

 

(32,961

)

 

 

(23,785

)

 

 

(216,624

)

Net loss

 

 

(29,369

)

 

 

(36,301

)

 

 

(36,351

)

 

 

(219,148

)

Net loss per share—basic and diluted1

 

$

(0.31

)

 

$

(0.37

)

 

$

(0.37

)

 

$

(2.14

)

 

¹

Earnings per share for the four quarters combined may not equal earnings per share for the year due to rounding.