Selected Quarterly Financial Data (unaudited)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (unaudited)

The following table presents selected unaudited financial data for each of the eight quarters in the two-year period ended December 31, 2020, which have been updated to reflect the revisions discussed in Note 14. Revision of Prior Period Financial Statements and Note 1. Organization and Description of Business.

The Company believes this information reflects all recurring adjustments necessary to fairly state this information when read in conjunction with the Company's financial statements and the related notes. Net loss per common share, basic and diluted, for the four quarters of each fiscal year may not sum to the total for the fiscal year because of the different number of shares outstanding during each period. The results of operations for any quarter are not necessarily indicative of the results to be expected for any future period (in thousands of dollars, except for share and per share data):


Quarter Ended	March 31		June 30		September 30		December 31
2020:
Total revenues	$	63,535	$	50,878	$	71,944	$	78,809
Gross profit	47,472		35,394		53,712		58,311
Net loss	(9,065)		(20,437)		(4,677)		(9,651)
Net loss per common share, basic and diluted	$	(0.34)	$	(0.75)	$	(0.17)	$	(0.33)
2019:
Total revenues	$	48,334	$	52,441	$	54,673	$	59,104
Gross profit	36,561		39,429		40,888		45,189
Net loss	(8,250)		(10,725)		(18,293)		(17,300)
Net loss per common share, basic and diluted	$	(0.34)	$	(0.43)	$	(0.72)	$	(0.65)

The impact of the revision on the unaudited quarterly financial data is as follows:


Quarter Ended	June 30, 2019
	As Reported		Adjustment		As Revised
Total revenues	$	53,331	$	(890)	$	52,441
Gross profit	40,506		(1,077)		39,429
Net loss	(11,467)		742		(10,725)
Net loss per common share, basic and diluted	$	(0.46)	$	0.03	$	(0.43)

Quarter Ended	March 31, 2019
	As Reported		Adjustment		As Revised
Total revenues	$	47,214	$	1,120	$	48,334
Gross profit	35,484		1,077		36,561
Net loss	(8,019)		(231)		(8,250)
Net loss per common share, basic and diluted	$	(0.33)	$	(0.01)	$	(0.34)