Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue $ 47,975 $ 57,981 $ 91,096 $ 103,613
Cost of revenue 41,228 51,227 77,899 98,414
Gross profit 6,747 6,754 13,197 5,199
Operating expenses        
Selling and marketing expenses 476 717 902 1,284
General and administrative expenses 9,751 8,593 16,341 18,138
Depreciation and amortization expense 220 329 441 664
Total operating expenses 10,447 9,639 17,684 20,086
Operating loss (3,700) (2,885) (4,487) (14,887)
Other expense (income)        
Interest expense, net 2,397 2,243 3,775 3,944
Gain on sale of business and net assets held for sale       (239)
Other (income) expense, net (293) 1 (505)  
Total other (income) expenses, net 2,104 2,244 3,270 3,705
Loss from continuing operations before income tax expense (benefit) (5,804) (5,129) (7,757) (18,592)
Income tax expense (benefit) 220 300 505 (1,538)
Loss from continuing operations (6,024) (5,429) (8,262) (17,054)
Discontinued operations:        
Loss from discontinued operations before income tax expense (benefit) (2,195) (4,523) (3,903) (8,767)
Income tax expense (benefit) (725) 241 (683) 1,220
Loss from discontinued operations (1,470) (4,764) (3,220) (9,987)
Net loss $ (7,494) $ (10,193) $ (11,482) $ (27,041)
Basic loss per common share        
Loss from continuing operations $ (0.33) $ (0.31) $ (0.46) $ (0.97)
Loss from discontinued operations (0.08) (0.27) (0.18) (0.57)
Basic loss per common share (0.41) (0.58) (0.64) (1.54)
Diluted loss per common share        
Loss from continuing operations (0.33) (0.31) (0.46) (0.97)
Loss from discontinued operations (0.08) (0.27) (0.18) (0.57)
Diluted loss per common share $ (0.41) $ (0.58) $ (0.64) $ (1.54)