• Delivered fourth quarter revenue of $87.2 million and full year 2020 revenue of $365.0 million despite significant disruptions to operations and timing of deliveries from pandemic related impacts;
• Recorded a net loss of $11.3 million, or $0.33 per share, in the fourth quarter of 2020 and a net loss of $30.8 million, or $0.87 per share, for the full year 2020;
• Generated adjusted EBITDA of $9.0 million, or 10.3% of revenue, in the fourth quarter of 2020 and adjusted EBITDA of $31.7 million, or 8.7% of revenue, for the full year 2020;
• Reported net cash used by operating activities of $16.8 million in the fourth quarter of 2020 and $21.1 million for the full year 2020;
• Free cash flow was negative $18.5 million, inclusive of $1.7 million of capital expenditures, for the fourth quarter of 2020 and negative $33.0 million, inclusive of $11.9 million of capital expenditures for the full year 2020;
• Completed 2020 planned cost saving initiatives, capturing $20 million in annualized savings, and expect approximately $10 million in additional annualized cost savings in 2021, of which $5 million is expected to be realized during the year
4 replies (most recent on top)
Forever not enough.
Can't even give increment to staffs working.
Blake and Bird the oxygen and wage theives.
Titanic
Blake still makes $4m+ while company is sinking