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, 2017
Quarterly Results of Operations (Unaudited)
21. Quarterly Results of Operations (Unaudited)

The following represents our unaudited quarterly results for the years ended December 31, 2017 and 2016. 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 2017 and 2016 acquisitions are included in the quarterly consolidated results of operations from their respectively acquisition dates.

Unaudited quarterly results for 2017:

 

     First Quarter      Second Quarter      Third Quarter      Fourth Quarter  

Revenues

   $ 30.6      $ 43.4      $ 43.1      $ 35.2  

Gross profit

     10.1        14.2        13.9        3.5  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net loss

   $ (5.0    $ (0.7    $ (2.5    $ (45.7
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic and diluted net loss per common share

   $ (0.24    $ (0.03    $ (0.12    $ (2.17
  

 

 

    

 

 

    

 

 

    

 

 

 

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 net income (loss) per common share

   $ (0.16    $ (0.06    $ 0.08      $ 0.08  
  

 

 

    

 

 

    

 

 

    

 

 

 

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.