Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Summarized quarterly financial data for the years ended December 31, 2020 and 2019 is set forth below (in thousands, except per share data).


	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter		Total
2020
Revenue	$	123,492	$	86,101	$	84,417	$	96,348	$	390,358
Gross profit (loss) (1)	12,622		809		(616)		1,252		14,067
Operating loss (2)	(94,208)		(27,286)		(23,746)		(17,652)		(162,892)
Net loss	(85,978)		(34,245)		(27,791)		(8,206)		(156,220)
Loss per common share: (4)
Basic and diluted	$	(0.38)	$	(0.15)	$	(0.12)	$	(0.04)	$	(0.69)

2019
Revenue	$	144,408	$	155,654	$	140,417	$	139,441	$	579,920
Gross profit (1)	19,102		25,062		20,825		16,357		81,346
Operating loss (3)	(20,294)		(12,514)		(14,803)		(165,279)		(212,890)
Net loss	(28,287)		(15,160)		(23,789)		(168,093)		(235,329)
Loss per common share: (4)
Basic and diluted	$	(0.13)	$	(0.07)	$	(0.11)	$	(0.75)	$	(1.05)

(1)Gross profit is defined as total revenue less cost of revenue less depreciation and amortization attributed to cost of revenue.

(2)First quarter 2020 includes a goodwill impairment charge of $57.1 million, fixed asset impairment charges of $15.5 million and intangible asset impairments of $4.7 million. Please see Note 1—Basis of Presentation and Significant Accounting Policies and Note 17—Severance and Other Charges (Credits), net for additional details.

(3)Fourth quarter 2019 includes a goodwill impairment charge of $111.1 million, fixed asset impairment charges of $28.8 million, inventory impairments of $4.2 million and intangible asset impairments of $3.3 million. Please see Note 1—Basis of Presentation and Significant Accounting Policies and Note 17—Severance and Other Charges (Credits), net for additional details.

(4)The sum of the individual quarterly income (losses) per share amounts may not agree with year-to-date net income (loss) per common share as each quarterly computation is based on the weighted average number of common shares outstanding during that period.