Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Income

v3.22.4
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Net revenues $ 109,914 $ 102,382 $ 97,388
Cost of revenues 47,343 42,185 38,629
Gross profit 62,571 60,197 58,759
Selling, general and administrative expenses:      
Provision for doubtful accounts 87 77 791
Amortization of intangibles 2,494 4,262 4,285
Selling and marketing 12,259 10,777 9,661
General and administrative 46,077 42,261 35,195
Total selling, general and administrative 60,917 57,377 49,932
Operating income 1,654 2,820 8,827
Other expense:      
Interest expense (1,402) (1,377) (1,255)
Other expense (122) (186) (29)
Income before income taxes 130 1,257 7,543
(Provision for) benefit from income taxes (112) 163 9,789
Net income $ 18 $ 1,420 $ 17,332
Net income per share      
Basic (in dollars per share) $ 0 $ 0.07 $ 0.86
Diluted (in dollars per share) $ 0 $ 0.06 $ 0.80
Weighted average shares outstanding:      
Basic (in shares) 20,648,818 20,519,958 20,106,940
Diluted (in shares) 21,547,306 22,049,659 21,717,216
Comprehensive income:      
Net income $ 18 $ 1,420 $ 17,332
Other comprehensive income:      
Unrealized gain on hedges 1,609 355 0
Provision for income tax on unrealized hedge gain (388) (87) 0
Net comprehensive income $ 1,239 $ 1,688 $ 17,332