| Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 |
|---|---|---|---|---|---|---|
Revenue | ||||||
Technology offerings | ||||||
- | - | 141,454 | - | - | - | 87,965 |
Services | ||||||
- | - | 164,887 | - | - | - | 95,001 |
Revenue | ||||||
404,754 | 391,011 | 306,341 | 299,226 | 245,412 | 191,322 | 182,966 |
Cost of revenue | ||||||
Technology offerings | ||||||
- | - | 105,606 | - | - | - | 68,744 |
Services | ||||||
- | - | 112,350 | - | - | - | 60,929 |
Total cost of revenue | ||||||
286,407 | 276,683 | 217,956 | 206,744 | 174,489 | 133,535 | 129,673 |
Gross profit | ||||||
Gross profit | ||||||
118,347 | 114,328 | 88,385 | 92,482 | 70,923 | 57,787 | 53,293 |
Operating expenses | ||||||
Sales and marketing | ||||||
57,172 | 51,144 | 46,554 | 45,565 | 35,657 | 28,079 | 30,168 |
General and administrative | ||||||
25,108 | 27,767 | 28,544 | 24,378 | 15,385 | 9,695 | 11,909 |
Transaction costs | ||||||
4,116 | 6,204 | 5,847 | 8,116 | 3,920 | 922 | 1,113 |
Depreciation and amortization | ||||||
12,064 | 12,018 | 11,339 | 11,796 | 9,127 | 6,959 | 7,026 |
Total operating expenses | ||||||
98,460 | 97,133 | 92,284 | 89,855 | 64,089 | 45,655 | 50,216 |
Operating income | ||||||
19,887 | 17,195 | -3,899 | 2,627 | 6,834 | 12,132 | 3,077 |
Other (income) expense | ||||||
Interest income | ||||||
53 | 17 | 48 | 54 | 44 | 4 | 3 |
Interest expense | ||||||
12,362 | 26,507 | 11,228 | 10,504 | 9,772 | 22,785 | 8,996 |
Preliminary bargain purchase gain | ||||||
1,212 | -5,085 | 16,058 | - | - | - | - |
Other expense, net | ||||||
168 | -9 | -17 | - | -44 | -5 | - |
Total other expense, net | ||||||
-10,929 | -31,584 | 4,861 | -10,488 | -9,772 | -22,786 | -8,993 |
Income (loss) before income taxes | ||||||
8,958 | -14,389 | 962 | -7,861 | -2,938 | -10,654 | -5,916 |
Income tax benefit | ||||||
-5,540 | -6,928 | -7,844 | -13,025 | -4,241 | 713 | -2,795 |
Net income (loss) | ||||||
14,498 | -7,461 | 8,806 | 5,164 | 1,303 | -11,367 | -3,121 |
Earnout consideration | ||||||
63,041 | -1,436 | 125,441 | - | - | - | - |
Net income (loss) available to common shareholders | ||||||
-48,543 | -6,025 | -116,635 | - | 1,303 | -11,367 | -3,121 |
Net income (loss) per common share: | ||||||
Basic and diluted | ||||||
-0.64 | -0.08 | -2.26 | 0.25 | 0.03 | -0.29 | -0.08 |
Weighted average number of shares outstanding: | ||||||
Basic and diluted | ||||||
75,507 | 75,222 | 51,622 | - | 39,860 | 39,860 | 39,881 |
Cash dividends declared per common share | ||||||
0.02 | 0.02 | - | - | - | - | - |