| Summary of Operating Segments |
Below are the operating results of our reporting segments.
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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Revenues: |
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Data and Analytics Services |
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$ |
8,589 |
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$ |
8,876 |
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$ |
17,549 |
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$ |
16,943 |
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IT Staffing Services |
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40,508 |
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40,658 |
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79,865 |
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79,414 |
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Total revenues |
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$ |
49,097 |
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$ |
49,534 |
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$ |
97,414 |
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$ |
96,357 |
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Cost of Revenues: |
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Data and Analytics Services |
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$ |
4,706 |
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$ |
4,507 |
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$ |
9,719 |
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$ |
8,829 |
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IT Staffing Services |
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30,571 |
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31,047 |
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60,983 |
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61,417 |
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Total cost of revenues |
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$ |
35,277 |
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$ |
35,554 |
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$ |
70,702 |
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$ |
70,246 |
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Gross Profit: |
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Data and Analytics Services |
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$ |
3,883 |
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$ |
4,369 |
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$ |
7,830 |
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$ |
8,114 |
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IT Staffing Services |
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9,937 |
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9,611 |
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18,882 |
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17,997 |
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Total gross profit |
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$ |
13,820 |
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$ |
13,980 |
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$ |
26,712 |
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$ |
26,111 |
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Gross Margin %: |
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Data and Analytics Services |
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45.2 |
% |
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49.2 |
% |
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44.6 |
% |
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47.9 |
% |
IT Staffing Services |
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24.5 |
% |
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23.6 |
% |
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23.6 |
% |
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22.7 |
% |
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Total gross margin % |
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28.1 |
% |
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28.2 |
% |
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27.4 |
% |
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27.1 |
% |
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Sales & Marketing Expenses: |
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Data and Analytics Services |
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$ |
1,785 |
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$ |
1,862 |
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$ |
3,839 |
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$ |
4,279 |
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IT Staffing Services |
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2,439 |
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2,233 |
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4,686 |
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4,397 |
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Total sales & marketing expenses |
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$ |
4,224 |
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$ |
4,095 |
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$ |
8,525 |
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$ |
8,676 |
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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Operations Expenses: |
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Data and Analytics Services |
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$ |
194 |
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$ |
176 |
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$ |
346 |
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$ |
343 |
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IT Staffing Services |
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1,831 |
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2,143 |
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3,898 |
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4,070 |
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Total operations expenses |
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$ |
2,025 |
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$ |
2,319 |
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$ |
4,244 |
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$ |
4,413 |
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General & Administrative Expenses: |
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Data and Analytics Services |
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$ |
2,058 |
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$ |
1,587 |
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$ |
3,927 |
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$ |
3,202 |
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IT Staffing Services |
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3,917 |
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3,593 |
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8,214 |
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7,147 |
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Total general & administrative expenses |
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$ |
5,975 |
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$ |
5,180 |
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$ |
12,141 |
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$ |
10,349 |
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Segment operating income (loss): |
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Data and Analytics Services |
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$ |
(154 |
) |
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$ |
744 |
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$ |
(282 |
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$ |
290 |
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IT Staffing Services |
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1,750 |
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1,642 |
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2,084 |
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2,383 |
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Subtotal |
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1,596 |
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2,386 |
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1,802 |
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2,673 |
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Unallocated Cost: |
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Amortization of acquired intangible assets |
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$ |
(649 |
) |
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$ |
(693 |
) |
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$ |
(1,299 |
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$ |
(1,386 |
) |
Finance and accounting transition expense |
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(688 |
) |
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— |
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(688 |
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— |
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Severance expense |
|
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(232 |
) |
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— |
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(1,641 |
) |
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— |
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Interest income (expense), FX, gains (losses) and other, net |
|
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183 |
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116 |
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274 |
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240 |
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Income (loss) before income taxes |
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$ |
210 |
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$ |
1,809 |
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$ |
(1,552 |
) |
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$ |
1,527 |
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