v3.24.2.u1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
NET REVENUE $ 28,090 $ 29,362 $ 54,052 $ 59,363
OPERATING EXPENSES:        
Direct operating costs 15,242 17,476 30,419 35,583
Selling and marketing 1,664 2,580 3,434 5,192
General and administrative 4,028 5,916 7,749 11,036
Research and development 1,055 1,185 1,968 2,263
Depreciation and amortization 3,714 3,341 7,644 6,379
Net loss on lease terminations, unoccupied lease charges and restructuring costs 116 153 438 422
Total operating expenses 25,819 30,651 51,652 60,875
OPERATING INCOME (LOSS) 2,271 (1,289) 2,400 (1,512)
OTHER:        
Interest income 24 52 51 72
Interest expense (288) (327) (653) (477)
Other expense - net (294) (186) (287) (169)
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES 1,713 (1,750) 1,511 (2,086)
Income tax provision 39 82 78 147
NET INCOME (LOSS) 1,674 (1,832) 1,433 (2,233)
Preferred stock dividend 3,923 3,910 5,235 7,841
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (2,249) $ (5,742) $ (3,802) $ (10,074)
Net loss per common share: basic $ (0.14) $ (0.37) $ (0.24) $ (0.65)
Net loss per common share: diluted $ (0.14) $ (0.37) $ (0.24) $ (0.65)
Weighted-average common shares used to compute basic loss per share 16,132,420 15,615,760 16,073,364 15,518,965
Weighted-average common shares used to compute diluted loss per share 16,132,420 15,615,760 16,073,364 15,518,965

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