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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2020
Selected Quarterly Financial Data (Unaudited)
16.
Selected Quarterly Financial Data (Unaudited)
The following table sets forth certain unaudited quarterly results of operations for 2020 and 2019. 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, 2020
 
    
Q1
    
Q2
    
Q3
    
Q4
 
    
(Amounts in thousands, except per share data)
 
Revenue
   $ 76,090      $ 87,462      $ 94,060      $ 108,648  
Gross profit
     44,108        50,599        54,434        60,485  
Operating expenses
     64,184        67,925        73,099        91,229  
Net income
     9,815        15,861        14,552        19,698  
Earnings per share:
                                   
Basic
   $ 0.19      $ 0.30      $ 0.28      $ 0.37  
Diluted
   $ 0.18      $ 0.30      $ 0.27      $ 0.36  
 
 
 
  
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