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Consolidated Statement of Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue $ 167,641 $ 189,436 $ 334,958 $ 352,931
Warrant adjustment 0 (405) 0 (830)
Net revenue 167,641 189,031 334,958 352,101
Cost of services (150,914) (164,477) (297,174) (302,860)
Gross profit 16,727 24,554 37,784 49,241
Selling, general and administrative expenses (13,743) (12,298) (29,624) (26,469)
Impairment losses and restructuring/exit cost (745) 19 (2,152) (1,879)
Operating income 2,239 12,275 6,008 20,893
Share of income of equity accounted investee 3,833 59 3,825 45
Interest expense, net and other income (2,103) (2,484) (3,077) (16,253)
Foreign exchange gains (losses), net 82 363 (326) 575
Income before tax expense 4,051 10,213 6,430 5,260
Tax expense (1,423) (2,093) (3,516) (6,995)
Net income (loss) 2,628 8,120 2,914 (1,735)
Net income attributable to noncontrolling interests 761 1,235 2,290 3,535
Net income (loss) attributable to Startek shareholders $ 1,867 $ 6,885 $ 624 $ (5,270)
Basic net income (loss) attributable to Startek shareholders (in dollars per share) $ 0.05 $ 0.17 $ 0.02 $ (0.13)
Diluted net income (loss) attributable to Startek shareholders (in dollars per share) $ 0.05 $ 0.17 $ 0.02 $ (0.13)
Basic (in shares) 40,284 40,786 40,311 40,689
Diluted (in shares) 40,308 41,222 40,366 40,689