Fte networks, inc. (FTNW)
Income statement / Quarterly
Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Apr'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Jun'14Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Jun'10
Revenues, net of discounts

-

92,224

86,367

85,145

-

79,083

50,697

-

5,086

3,184

3,828

3,163

2,093

3,070

4,026

4,070

3,347

2,944

6,925

-

-

-

-

-

-

-

-

Cost of revenues

109,488

76,311

72,415

73,654

76,544

63,553

42,377

-

2,678

3,197

2,403

1,934

1,313

2,567

3,475

3,147

2,731

1,718

5,233

-

-

-

-

-

-

-

-

Net sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,446

3,317

6,002

5,415

4,502

5,003

3,974

3,546

Cost of goods sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

176

41

77

416

181

350

276

396

Cost of services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,176

2,034

3,608

2,866

2,309

3,253

2,523

1,088

Total cost of sales and services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,352

2,075

3,685

-

2,490

3,603

2,799

-

Gross profit

11,531

15,913

13,952

11,491

4,099

15,530

8,320

-

2,408

-13

1,425

1,229

780

502

551

923

616

1,225

1,691

1,094

1,242

2,317

2,133

2,012

1,400

1,175

2,062

Operating expenses
Compensation expense

25,378

9,283

6,856

5,638

13,305

5,312

4,169

-

1,187

607

605

566

534

1,356

645

508

440

293

1,136

-

-

-

-

-

-

-

-

Salaries and benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,229

1,433

1,464

1,272

758

1,863

1,675

1,785

Selling, general and administrative expenses

21,921

9,045

5,122

4,199

4,355

4,660

3,529

-

974

-184

548

814

558

1,172

1,223

568

526

359

234

1,135

1,042

782

814

1,302

980

888

1,203

Amortization of intangible assets

937

938

938

938

1,240

768

589

-

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Occupancy costs

-

-

-

172

-

-

-

-

113

186

201

197

160

92

62

61

39

37

58

-

-

-

-

-

-

-

-

(Gain) loss on sale of asset

-

-

47

-93

-

-

-429

-

-11

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Travel expense

-

-

567

268

-

-

191

-

100

109

43

87

79

178

130

88

108

60

89

-

-

-

-

-

-

-

-

Occupancy costs

-

-

166

-

-

-

280

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transaction expenses

-

-

33

33

-

-

1,409

-

0

226

0

0

0

0

42

0

1

-

0

-

-

-

-

-

-

-

-

Acquisition expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,062

-

-

-

0

-

-

-

Total operating expenses

46,938

19,266

13,635

11,341

17,099

10,740

10,596

-

2,385

1,428

1,397

1,664

1,333

2,799

2,104

1,226

1,117

750

1,518

4,426

2,475

2,246

2,742

2,060

2,843

2,563

2,988

Operating loss

-35,407

-3,353

317

150

-13,000

4,790

-2,276

-

23

-1,442

28

-435

-552

-2,296

-1,553

-303

-500

474

172

-3,332

-1,233

71

-609

-48

-1,443

-1,388

-926

Other expenses
Interest expense

-3,125

-2,140

-2,889

-913

-1,958

-1,824

-1,793

-

-734

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income expense

-

-

-

-

-

-

-

-

-

819

490

476

486

435

630

180

233

263

186

130

159

132

159

128

77

56

-

Amortization of deferred financing costs and debt discount

34,560

4,318

3,458

5,912

11,416

1,332

1,934

-

397

397

109

109

109

-

0

0

0

-

-

-

-

-

-

-

-

-

-

Change in warrant fair value

-11,678

0

0

0

1,211

-2,033

-1,021

-

2,200

65

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

62

24

15

348

54

207

112

-162

Forbearance expense

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-971

1,023

-

-

0

-

-

-

-

-

-

-

-

Effect of foreign currency transaction

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-109

57

-227

-

-8

88

-102

-

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

72

-

-

-

-

-

156

167

232

-

83

69

15

-

Amortization of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

Other (expense) income, net

2,510

-572

-1,421

-597

-611

-7

10

-

-99

-

-147

-39

84

-80

-331

5

4

7

-

-

-

-

-

-

-

-

-

Incentive expenses

-

-

-

-

-

-

-

-

-

-0

0

0

35

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Extinguishment loss

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Extinguishment loss

-

-

-

-322

-

-

-

-

0

-

-314

-

-

3,431

0

-

-

0

-

-

-

-

-

-

-

-

-

Financing costs

-

-1,374

-6,214

-2,002

-

-139

0

-

-563

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing Costs

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-

-

-

-

-

-

-

-

Forgiveness of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Change in fair value of warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Total other expenses, net

24,919

-8,404

-13,982

-9,746

-73,102

-1,269

-2,696

-

-3,993

-1,602

-1,060

-624

-546

2,842

9

-1,197

-228

-255

-185

-457

-293

-606

-318

-273

-265

-285

-162

Loss before provision for income taxes

-10,488

-11,757

-13,665

-9,596

-86,102

3,521

-4,972

-

-3,970

-

-1,032

-1,059

-

-

-

-

-

-

-

-3,789

-1,526

-535

-

-321

-1,708

-1,673

-

Net loss before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,088

Provision for income taxes

357

268

-107

568

-533

972

121

-

0

-

0

0

-

-

-

-

-

-

-

14

-2

32

-122

75

126

-38

44

Loss from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,803

-1,524

-567

-805

-396

-1,834

-1,635

-1,132

Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-15,784

0

0

7,892

-7,623

Net loss

-10,845

-12,025

-13,558

-10,164

-85,569

2,549

-5,093

-

-3,970

-3,044

-1,032

-1,059

-1,099

546

-1,544

-1,501

-729

219

-13

-3,803

-1,524

-567

-805

-396

-1,834

6,257

-8,755

Preferred stock dividends

20

20

20

20

20

20

20

-

20

19

20

20

19

19

19

19

19

19

19

-

-

-

-

-

-

-

-

Contractual dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35

44

29

30

26

19

19

30

Deemed dividends related to beneficial conversion feature

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24

Net loss attributable to common shareholders

-10,865

-12,045

-13,578

-10,184

-85,589

2,529

-5,113

-

-3,990

-3,063

-1,052

-1,079

-1,119

526

-1,564

-1,520

-749

199

-32

-3,838

-1,568

-596

-835

-422

-1,853

6,238

-8,809

Loss per common share:
Net loss per share from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.10

-0.04

-0.02

-0.02

-0.01

-0.05

-0.04

-0.03

Net (loss) income per share from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.00

0.00

0.00

0.21

-0.22

Basic and diluted

-

-

-2.26

-2.09

-

-

-1.02

-

-1.09

-

-

-0.02

-0.48

-

-0.04

-0.03

-0.02

-

-

-0.10

-0.04

-0.02

-0.02

-0.01

-0.05

0.17

-0.25

Basic

-

-1.89

-

-

-

0.47

-

-

-

-

-0.43

-

-

0.23

-

-

-

0.00

0.00

-

-

-

-

-

-

-

-

Diluted

-

-1.89

-

-

-

0.46

-

-

-

-

-0.43

-

-

0.19

-

-

-

0.00

0.00

-

-

-

-

-

-

-

-

Weighted average number of common shares outstanding
Basic and diluted

-

-

5,997

4,876

-

-

4,989

-

3,677

-

-

53,192

2,319

-

42,313

44,193

39,987

-

-

37,611

-

-

-

37,378

-

-

-

Basic

-

6,372

-

-

-

5,367

-

-

-

-

2,418

-

-

2,319

-

-

-

39,987

39,987

-

-

-

-

-

-

-

-

Diluted

-

6,372

-

-

-

5,547

-

-

-

-

2,418

-

-

2,713

-

-

-

41,247

39,987

-

-

-

-

-

-

-

-

Weighted average shares outstanding basic and diluted (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37,611

37,611

-

-

37,376

37,376

34,049

Net (loss) income

-10,865

-12,045

-13,578

-10,184

-85,589

2,529

-5,113

-

-3,990

-

-1,052

-1,079

-

-

-

-

-

-

-

-3,838

-1,568

-596

-835

-422

-1,853

6,238

-8,809

Foreign currency translation adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-57

99

99

706

-8

-43

-102

-148

Comprehensive (loss) income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,895

-1,469

-497

-129

-430

-1,896

6,136

-8,957

Predecessor [Member]
Revenues, net of discounts

-

-

-

-

-

-

-

35,191

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenues

-

-

-

-

-

-

-

31,387

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gross profit

-

-

-

-

-

-

-

3,804

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Compensation expense

-

-

-

-

-

-

-

5,550

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling, general and administrative expenses

-

-

-

-

-

-

-

2,438

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

-

-

-

-

-

-

-

7,988

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating loss

-

-

-

-

-

-

-

-4,184

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other (expense) income, net

-

-

-

-

-

-

-

5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other expenses, net

-

-

-

-

-

-

-

5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss before provision for income taxes

-

-

-

-

-

-

-

-4,179

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-4,179

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to common shareholders

-

-

-

-

-

-

-

-4,179

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-