| Quarterly Financial Information |
The following tables set forth our quarterly consolidated statements of operations in dollars for each quarter of fiscal 2020 and 2019. We have prepared the quarterly consolidated statements of operations data on a basis consistent with the audited consolidated financial statements included in Part II, Item 8 of this Annual Report on Form 10-K. In the opinion of management, the financial information in these tables reflects all adjustments, consisting only of normal recurring adjustments that management considers necessary for a fair presentation of this data. This information should be read in conjunction with the audited consolidated financial statements and related notes included in this Part II, Item 8 of this Annual Report on Form 10-K. The results of historical periods are not necessarily indicative of the results for any future period.
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Three Months Ended |
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March 31, 2020 |
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December 31, 2019 |
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September 30, 2019 |
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June 30, 2019 |
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March 31, 2019 |
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December 31, 2018 |
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September 30, 2018 |
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June 30, 2018 |
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Net revenues |
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$ |
39,351 |
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$ |
36,016 |
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$ |
32,795 |
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$ |
30,553 |
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$ |
27,192 |
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$ |
30,411 |
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$ |
23,854 |
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$ |
22,112 |
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License fees and revenue share |
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23,591 |
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21,576 |
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20,146 |
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18,275 |
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15,768 |
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19,195 |
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15,802 |
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15,216 |
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Other direct cost of revenues |
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432 |
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400 |
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344 |
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278 |
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470 |
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538 |
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508 |
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507 |
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Gross profit |
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15,328 |
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14,040 |
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12,305 |
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12,000 |
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10,954 |
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10,678 |
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7,544 |
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6,389 |
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Total operating expenses |
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12,403 |
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9,908 |
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9,190 |
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8,960 |
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9,020 |
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8,222 |
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7,229 |
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7,649 |
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Income (loss) from operations |
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2,925 |
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4,132 |
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3,115 |
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3,040 |
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1,934 |
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2,456 |
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315 |
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(1,260 |
) |
Total interest and other income / (expense), net |
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721 |
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(830 |
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(4,380 |
) |
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(4,818 |
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(8,384 |
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(3,376 |
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1,730 |
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2,752 |
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Income / (loss) from operations before income taxes |
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3,646 |
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3,302 |
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(1,265 |
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(1,778 |
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(6,450 |
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(920 |
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2,045 |
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1,492 |
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Income tax (benefit) / provision |
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(10,381 |
) |
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41 |
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72 |
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(107 |
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312 |
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216 |
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(23 |
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(36 |
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Net income (loss) from operations, net of taxes |
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14,027 |
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3,261 |
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(1,337 |
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(1,671 |
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(6,762 |
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(1,136 |
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2,068 |
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1,528 |
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Basic and diluted net income / (loss) per common share from continuing operations |
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$ |
0.16 |
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$ |
0.04 |
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$ |
(0.02 |
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$ |
(0.02 |
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$ |
(0.09 |
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$ |
(0.01 |
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$ |
0.03 |
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$ |
0.02 |
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Weighted-average common shares outstanding, basic |
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86,784 |
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85,876 |
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83,909 |
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81,814 |
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79,404 |
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77,645 |
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77,193 |
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76,204 |
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Weighted-average common shares outstanding, diluted |
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91,875 |
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92,472 |
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83,909 |
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81,814 |
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79,404 |
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77,645 |
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78,780 |
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79,598 |
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