Highlights:
Fourth quarter revenue increased 23% year over year to $283.5 million
GAAP operating income of $18.5 million
Full year 2020 revenue increased 26% year over year to $1.030 billion
Full year 2020 GAAP operating loss of $155.9 million and non-GAAP operating income of $71.8 million
Results for the Fourth Quarter 2020
Revenue was $283.5 million for the quarter ended December 31, 2020, an increase of 23% over the prior year period. GAAP net loss for the quarter ended December 31, 2020 was $70.0 million, and GAAP net loss per share (basic and diluted) was $0.60. Non-GAAP net income was $13.1 million, and non-GAAP net income per share (basic and diluted) was $0.11.