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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues $ 20,599 $ 15,849 $ 63,328 $ 51,991
Cost of revenues 2,665 2,324 8,236 7,319
Gross profit 17,934 13,525 55,092 44,672
Operating expenses:        
Sales and marketing 9,840 8,512 29,278 25,573
Product development 525 484 1,533 1,391
General and administrative 4,460 4,256 13,188 13,735
Total operating expenses 14,825 13,252 43,999 40,699
Operating income 3,109 273 11,093 3,973
Other income, net 314 836 1,143 2,454
Income from continuing operations before income taxes 3,423 1,109 12,236 6,427
Income tax expense 1,018 317 3,487 2,213
Income from continuing operations 2,405 792 8,749 4,214
Income (loss) from discontinued operations, net of taxes (5) 5 (5) 4
Net income 2,400 797 8,744 4,218
Net income attributable to non-controlling interest 52 2 97 36
Net income attributable to Travelzoo 2,348 795 8,647 4,182
Net income attributable to Travelzoo—continuing operations 2,353 790 8,652 4,178
Net income (loss) attributable to Travelzoo—discontinued operations $ (5) $ 5 $ (5) $ 4
Income per share—basic        
Continuing operations (in dollars per share) $ 0.16 $ 0.06 $ 0.57 $ 0.34
Discontinued operations (in dollars per share) 0 0 0 0
Net income per share - basic (in dollars per share) 0.16 0.06 0.57 0.34
Income per share—diluted        
Continuing operations (in dollars per share) 0.16 0.06 0.57 0.33
Discontinuing operations (in dollars per share) 0 0 0 0
Income per share - diluted (in dollars per share) $ 0.16 $ 0.06 $ 0.56 $ 0.33
Shares used in per share calculation from operations—basic (in shares) 14,769 12,489 15,242 12,354
Shares used in per share calculation from operations—diluted (in shares) 14,821 12,578 15,307 12,586
Continuing Operations        
Income per share—diluted        
Shares used in per share calculation from operations—basic (in shares) 14,769 12,489 15,242 12,354
Shares used in per share calculation from operations—diluted (in shares) 14,821 12,578 15,307 12,586
Discontinued Operations        
Income per share—diluted        
Shares used in per share calculation from operations—basic (in shares) 14,769 12,489 15,242 12,354
Shares used in per share calculation from operations—diluted (in shares) 14,821 12,578 15,307 12,586