Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.23.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
NET REVENUE $ 30,001 $ 35,341
OPERATING EXPENSES:    
Direct operating costs 18,107 22,673
Selling and marketing 2,612 2,384
General and administrative 5,120 5,585
Research and development 1,078 985
Change in contingent consideration (600)
Depreciation and amortization 3,038 2,940
Net loss on lease termination and unoccupied lease charges 269 158
Total operating expenses 30,224 34,125
OPERATING (LOSS) INCOME (223) 1,216
OTHER:    
Interest income 20 5
Interest expense (150) (100)
Other income - net 17 83
(LOSS) INCOME BEFORE PROVISION FOR INCOME TAXES (336) 1,204
Income tax provision 65 64
NET (LOSS) INCOME (401) 1,140
Preferred stock dividend 3,931 4,037
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (4,332) $ (2,897)
Net loss per common share: basic and diluted $ (0.28) $ (0.19)
Weighted-average common shares used to compute basic and diluted loss per share 15,421,096 14,992,147