v3.23.3
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
NET REVENUE $ 29,280 $ 33,723 $ 88,643 $ 106,292
OPERATING EXPENSES:        
Direct operating costs 18,260 20,406 53,843 64,866
Selling and marketing 2,337 2,504 7,529 7,314
General and administrative 5,482 6,500 16,518 18,479
Research and development 1,260 1,168 3,523 3,251
Change in contingent consideration (1,660) (2,890)
Depreciation and amortization 3,903 2,810 10,282 8,686
Net loss on lease terminations and unoccupied lease charges 8 307 430 928
Total operating expenses 31,250 32,035 92,125 100,634
OPERATING (LOSS) INCOME (1,970) 1,688 (3,482) 5,658
OTHER:        
Interest income 52 14 124 22
Interest expense (352) (96) (829) (303)
Other expense - net (422) (495) (591) (300)
(LOSS) INCOME BEFORE PROVISION FOR INCOME TAXES (2,692) 1,111 (4,778) 5,077
Income tax provision 57 55 204 144
NET (LOSS) INCOME (2,749) 1,056 (4,982) 4,933
Preferred stock dividend 3,916 3,849 11,757 11,662
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (6,665) $ (2,793) $ (16,739) $ (6,729)
Net loss per common share: basic $ (0.42) $ (0.18) $ (1.07) $ (0.45)
Net loss per common share: diluted $ (0.42) $ (0.18) $ (1.07) $ (0.45)
Weighted-average common shares used to compute basic loss per share 15,760,499 15,148,721 15,600,361 15,070,913
Weighted-average common shares used to compute diluted loss per share 15,760,499 15,148,721 15,600,361 15,070,913

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