Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Revenue $ 38,268,000 $ 35,329,000 $ 103,100,000 $ 93,925,000
Cost of revenue 30,763,000 28,321,000 86,511,000 75,645,000
Gross profit 7,505,000 7,008,000 16,589,000 18,280,000
Operating expenses:        
Research and development 2,259,000 1,279,000 7,415,000 3,869,000
Sales and marketing 3,423,000 1,432,000 10,155,000 4,392,000
General and administrative 6,441,000 2,927,000 20,737,000 10,667,000
Total operating expenses 12,123,000 5,638,000 38,307,000 18,928,000
Income (loss) from operations (4,618,000) 1,370,000 (21,718,000) (648,000)
Other income, net 38,000 11,000 91,000 106,000
Financial income (expense), net (468,000) (141,000) (1,027,000) (206,000)
Foreign currency income (loss) (548,000) (260,000) (795,000) (402,000)
Loss before income tax expense (benefit) (5,596,000) 980,000 (23,449,000) (1,150,000)
Income tax expense (benefit) (263,000) 168,000 (1,165,000) 719,000
Net income (loss) $ (5,333,000) $ 812,000 $ (22,284,000) $ (1,869,000)
Net income (loss) per common share, basic and diluted [1] $ (0.19) $ 0.08 $ (0.97) $ (0.17)
Weighted-average shares used in computing net income (loss) per common share, basic and diluted [1] 28,330,869 10,687,106 22,972,425 10,687,106
[1] Amounts for the three and nine months ended September 30, 2019 were retrospectively adjusted as a result of the accounting for the Business Combination (as defined below in the notes). Specifically, the number of common shares outstanding during periods before the Business Combination are computed on the basis of the number of common shares of Kaleyra S.p.A. (accounting acquiror) during those periods multiplied by the exchange ratio established in the stock purchase agreement. Common stock and net loss per common share, basic and diluted, were retrospectively adjusted accordingly.