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 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Revenue $ 73,351 $ 66,240 $ 225,773 $ 204,936
Cost of revenue 66,590 57,582 203,561 180,014
Gross profit 6,761 8,658 22,212 24,922
Operating expenses        
Selling and marketing expenses 267 123 709 401
General and administrative expenses 4,248 5,827 16,931 17,413
Depreciation and amortization expense 50 46 137 144
Total operating expenses 4,565 5,996 17,777 17,958
Operating income 2,196 2,662 4,435 6,964
Interest expense, net        
Interest expense, net 1,227 1,541 3,733 4,640
Other (income) expense, net 181 (316) (1,411) (937)
Total other expense, net 1,408 1,225 2,322 3,703
Income from continuing operations before income tax 788 1,437 2,113 3,261
Income tax (benefit) expense (6) 321 256 565
Income from continuing operations 794 1,116 1,857 2,696
Discontinued operations:        
Income (loss) from discontinued operations before income tax (34) (66) 130 (222)
Income tax (benefit) expense 22 24 59 (56)
Income (loss) from discontinued operations (56) (90) 71 (166)
Net income $ 738 $ 1,026 $ 1,928 $ 2,530
Basic earnings per common share        
Income from continuing operations $ 0.03 $ 0.04 $ 0.07 $ 0.12
Income (loss) from discontinued operations 0.00 0.00 0.00 (0.01)
Basic earnings per common share 0.03 0.04 0.07 0.11
Diluted earnings per common share        
Income from continuing operations 0.03 0.04 0.07 0.11
Income (loss) from discontinued operations 0.00 0.00 0.00 0.00
Diluted earnings per common share $ 0.03 $ 0.04 $ 0.07 $ 0.11