Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2019

Selected Quarterly Financial Data (Unaudited)

15. Selected Quarterly Financial Data (Unaudited)

The following table sets forth certain unaudited quarterly results of operations for 2019 and 2018. In the opinion of management, this information has been prepared on the same basis as the audited consolidated financial statements and all necessary adjustments, consisting only of normal recurring adjustments, have been included in the amounts stated below to present fairly the quarterly information when read in conjunction with the audited consolidated financial statements and notes thereto included elsewhere in this Form 10-K. The quarterly operating results are not necessarily indicative of future results of operations.

	For the Years Ended December 31, 2019
	Q1		Q2		Q3		Q4
	(Amounts in thousands, except per share data)
Revenue	$	60,634	$	70,692	$	69,445	$	69,474
Gross profit		33,789		39,984		38,020		39,353
Operating expenses		49,463		59,638		61,481		63,580
Net income		8,053		8,095		1,659		3,604
Earnings per share:
Basic	$	0.18	$	0.17	$	0.03	$	0.07
Diluted	$	0.17	$	0.17	$	0.03	$	0.07

	For the Years Ended December 31, 2018
	Q1		Q2		Q3		Q4
	(Amounts in thousands, except per share data)
Revenue	$	44,830	$	47,731	$	49,529	$	51,942
Gross profit		25,162		26,643		27,346		28,350
Operating expenses		38,854		43,458		41,643		44,089
Net income		3,448		2,738		4,794		5,638
Earnings per share:
Basic	$	0.08	$	0.06	$	0.11	$	0.13
Diluted	$	0.08	$	0.06	$	0.10	$	0.12