Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.4
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]    
NET REVENUE $ 138,826 $ 139,599
OPERATING EXPENSES:    
Direct operating costs 84,434 86,918
Selling and marketing 9,788 8,786
General and administrative 23,820 24,273
Research and development 4,401 4,408
Change in contingent consideration (3,090) (2,515)
Depreciation and amortization 11,725 12,195
Net loss on lease termination, impairment and unoccupied lease charges 1,138 2,005
Total operating expenses 132,216 136,070
OPERATING INCOME (LOSS) 6,610 3,529
OTHER:    
Interest income 41 15
Interest expense (405) (455)
Other expense - net (637) (96)
INCOME BEFORE PROVISION FOR INCOME TAXES 5,609 2,993
Income tax provision 177 157
NET INCOME 5,432 2,836
Preferred stock dividend 15,517 14,052
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (10,085) $ (11,216)
Net loss per common share: basic and diluted $ (0.67) $ (0.77)
Weighted-average common shares used to compute basic and diluted loss per share 15,109,587 14,541,061