| Summary of Financial Information for Companies Reportable Segments |
The tables below summarize the financial information for the Company’s reportable segments for the three and six months ended June 30, 2020 and 2019 (in thousands). The “Corporate Unallocated Expenses” category, as it relates to Segment Adjusted EBITDA, primarily includes corporate overhead costs, such as rent, payroll and related benefit costs and professional services which are not directly attributable to any individual segment. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, 2020 | | Six Months Ended
June 30, 2020 | | | Revenue | | Cost of revenue (1) | | Segment Adjusted
EBITDA | | Revenue | | Cost of revenue (1) | | Segment Adjusted
EBITDA | | Software & Services | | $ | 10,915 | | | $ | 3,315 | | | $ | 3,718 | | | $ | 21,977 | | | $ | 6,521 | | | $ | 7,246 | | | Portal & Advertising | | 7,261 | | | 5,721 | | | (403) | | | 16,782 | | | 13,244 | | | (644) | | | Corporate Unallocated Expenses | | — | | | — | | | (2,860) | | | — | | | — | | | (5,834) | | | Total Company | | $ | 18,176 | | | $ | 9,036 | | | $ | 455 | | | $ | 38,759 | | | $ | 19,765 | | | $ | 768 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, 2019 | | Six Months Ended
June 30, 2019 | | | Revenue | | Cost of revenue (1) | | Segment Adjusted
EBITDA | | Revenue | | Cost of revenue (1) | | Segment Adjusted
EBITDA | | Software & Services | | $ | 10,588 | | | $ | 3,234 | | | $ | 2,794 | | | $ | 21,746 | | | $ | 6,737 | | | $ | 5,588 | | | Portal & Advertising | | 21,261 | | | 13,918 | | | 2,534 | | | 41,927 | | | 26,921 | | | 5,155 | | | Corporate Unallocated Expenses | | — | | | — | | | (3,713) | | | — | | | — | | | (7,424) | | | Total Company | | $ | 31,849 | | | $ | 17,152 | | | $ | 1,615 | | | $ | 63,673 | | | $ | 33,658 | | | $ | 3,319 | |
| | | | | | | Notes: | | | (1) | Exclusive of depreciation and amortization shown separately on the condensed consolidated statements of operations |
|
| Reconciliation of Total Segment Adjusted EBITDA to Net Loss |
The following table reconciles total Segment Adjusted EBITDA to Net loss (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | | 2020 | | 2019 | | 2020 | | 2019 | | Total Segment Adjusted EBITDA | | $ | 455 | | | $ | 1,615 | | | $ | 768 | | | $ | 3,319 | | | Less: | | | | | | | | | | Provision for income taxes | | (202) | | | (273) | | | (533) | | | (550) | | | Interest expense | | (50) | | | (55) | | | (109) | | | (119) | | | Other income (expense), net | | 175 | | | (207) | | | 342 | | | 9 | | | Depreciation and amortization | | (2,765) | | | (2,986) | | | (5,497) | | | (5,473) | | | Asset impairment | | — | | | — | | | — | | | (226) | | | Stock-based compensation expense | | (383) | | | (324) | | | (760) | | | (655) | | | Restructuring costs | | (60) | | | — | | | (120) | | | — | | | Certain legal and professional services fees* | | (352) | | | (257) | | | (1,798) | | | (1,036) | | | Net loss | | $ | (3,182) | | | $ | (2,487) | | | $ | (7,707) | | | $ | (4,731) | |
| | | | | | | Notes: | | | * | "Certain legal and professional services fees" includes legal fees and other related expenses outside the ordinary course of business, as well as fees and expenses related to merger and acquisition activities. |
|