Annual report pursuant to Section 13 and 15(d)

Quarterly Results of Operations (Unaudited)

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Quarterly Results of Operations (Unaudited)
12 Months Ended
Dec. 31, 2016
Quarterly Results of Operations (Unaudited)
20. Quarterly Results of Operations (Unaudited):

The following represents our unaudited quarterly results for the years ended December 31, 2016 and 2015. These quarterly results were prepared in conformity with GAAP and reflect all adjustments that are, in the opinion of management, fair and necessary for a fair statement of results, and were of a normal recurring nature. The 2016 and 2015 acquisitions are included in the quarterly consolidated results of operations from their respectively acquisition dates.

Unaudited quarterly results for 2016:

 

     First Quarter      Second
Quarter
     Third Quarter      Fourth
Quarter
 

Revenues

   $ 27.6      $ 43.1      $ 50.2      $ 51.2  

Gross profit

     9.1        13.3        15.9        17.6  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income (loss)

   $ (2.6    $ (1.1    $ 1.6      $ 1.6  
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic and diluted income (loss) per common share

   $ (0.16    $ (0.06    $ 0.08      $ 0.08  
  

 

 

    

 

 

    

 

 

    

 

 

 

Unaudited quarterly results for 2015:

 

     First Quarter      Second
Quarter
     Third Quarter      Fourth
Quarter
 

Revenues

   $ 20.3      $ 27.3      $ 37.7      $ 44.4  

Gross profit

     7.2        9.0        12.2        14.9  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income (loss)

   $ (2.0    $ (1.5    $ (0.3    $ 1.4  
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic and diluted income (loss) per common share

   $ (0.15    $ (0.10    $ (0.02    $ 0.09  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

The sum of the quarterly per share amounts may not equal the annual per share amounts due to relative changes in the weighted average number of shares used to calculated net income (loss) per share.