NV5 Announces Record Third Quarter 2019 Revenue Results and Signs Definitive Agreement to Acquire Nation’s Largest Full-Service Geospatial Solutions Provider


 
NV5 GLOBAL, INC. AND SUBSIDIARIES
RECONCILIATION OF GROSS REVENUES TO TOTAL REVENUES
(in thousands)
(Unaudited)
 
   Three Months Ended  Nine Months Ended
   September 28,
2019
  September 29,
2018
  September 28,
2019
  September 29,
2018
Gross Revenues - GAAP $ 131,032   $ 104,185   $ 376,340   $ 302,737 
Add:Intercompany revenues in lieu of sub-consultants1,063 1,309  2,720  3,218 
Total Revenues $ 132,095   $ 105,494   $ 379,060   $ 305,955 



  NV5 GLOBAL, INC. AND SUBSIDIARIES
RECONCILIATION OF GROSS REVENUES TO NET REVENUES
(in thousands)
  (Unaudited)
 
   Three Months Ended  Nine Months Ended
   September 28,
2019
  September 29,
2018
  September 28,
2019
  September 29,
2018
Gross Revenues - GAAP $ 131,032   $ 104,185   $ 376,340   $ 302,737 
Less:Sub-consultant services (19,972 )   (14,989 )   (56,969 )   (43,349 )
  Other direct costs (7,139 )   (4,747 )   (25,244 )   (13,539 )
Net Revenues $ 103,921     $ 84,449     $ 294,127     $ 245,849  



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