Shutterfly 2010 Annual Report Download - page 84

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SHUTTERFLY, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Note 11 — Quarterly Financial Data (Unaudited)
Summarized quarterly financial data for the years ended December 31, 2009 and 2008, are as follows (in thousands, except per share
amounts):
Year Ended December 31, 2009
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Net Revenues
$
36,012
$
38,858
$
40,495
$
131,067
Gross Profit
$
16,340
$
18,789
$
19,075
$
80,
580
Net income (loss)
$
(6,232
)
$
(5,655
)
$
(6,346
)
$
24,086
Net income (loss) per common share:
Basic
$
(0.25
)
$
(0.22
)
$
(0.25
)
$
0.93
Diluted
$
(0.25
)
$
(0.22
)
$
(0.25
)
$
0.88
Year Ended December 31, 2008
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Net Revenues
$
34,338
$
35,447
$
35,953
$
107,742
Gross Profit
$
16,401
$
18,058
$
17,502
$
65,306
Net income (loss)
$
(3,762
)
$
(4,146
)
$
(2,800
)
$
14,369
Net income (loss) per common share:
Basic
$
(0.15
)
$
(0.17
)
$
(0.11
)
$
0.57
Diluted
$
(0.15
)
$
(0.17
)
$
(0.11
)
$
0.56
80