| Quarterly Financial Data |
The following table sets forth our unaudited quarterly results for each of the last four quarters for the years ended December 31, 2021 and 2020. This unaudited quarterly information has been prepared on the same basis as our annual audited financial statements and includes all adjustments, consisting only of normal recurring adjustments that are necessary to present fairly the financial information for the fiscal quarters presented.
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(In thousands, except for per share data) |
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2021 |
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First Quarter |
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Second Quarter |
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Third Quarter |
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Fourth Quarter |
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| Revenue - Service revenue |
$ |
161,458 |
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$ |
216,887 |
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$ |
250,099 |
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$ |
246,070 |
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| Gross profit |
$ |
38,080 |
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$ |
54,050 |
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$ |
61,409 |
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$ |
58,709 |
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Net income |
$ |
(20,375) |
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$ |
(8,511) |
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$ |
(5,067) |
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$ |
(20,232) |
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| Net income per common share: |
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Basic |
$ |
(0.20) |
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$ |
(0.08) |
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$ |
(0.05) |
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$ |
(0.20) |
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Diluted |
$ |
(0.20) |
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$ |
(0.08) |
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$ |
(0.05) |
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$ |
(0.20) |
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Weighted average common shares outstanding: |
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Basic |
101,550 |
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102,398 |
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103,257 |
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103,390 |
Diluted |
101,550 |
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102,398 |
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103,257 |
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103,390 |
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2020 |
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First Quarter |
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Second Quarter |
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Third Quarter |
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Fourth Quarter |
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| Revenue - Service revenue |
$ |
395,069 |
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$ |
106,109 |
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$ |
133,710 |
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$ |
154,344 |
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| Gross profit |
$ |
94,221 |
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$ |
37,916 |
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$ |
34,118 |
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$ |
38,698 |
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Net income |
$ |
(7,804) |
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$ |
(25,920) |
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$ |
(29,184) |
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$ |
(44,112) |
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| Net income per common share: |
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Basic |
$ |
(0.08) |
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$ |
(0.26) |
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$ |
(0.29) |
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$ |
(0.44) |
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Diluted |
$ |
(0.08) |
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$ |
(0.26) |
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$ |
(0.29) |
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$ |
(0.44) |
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Weighted average common shares outstanding: |
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Basic |
100,687 |
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100,821 |
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100,897 |
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100,911 |
Diluted |
100,687 |
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100,821 |
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100,897 |
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100,911 |
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