Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations (Unaudited)

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Condensed Consolidated Statements Of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Software licenses and appliances $ 2,867 $ 929 $ 3,318 $ 2,149
Service 4,759 5,725 9,139 11,216
Total revenues 7,626 6,654 12,457 13,365
Cost of revenues:        
Software licenses and appliances 804 368 1,139 862
Service 1,602 1,918 3,379 4,008
Total cost of revenues 2,406 2,286 4,518 4,870
Gross profit 5,220 4,368 7,939 8,495
Operating expenses:        
Research and development 1,639 1,798 3,542 3,907
Sales and marketing 2,412 2,524 4,592 4,975
General and administrative 1,747 2,009 3,928 4,469
Amortization of purchased intangibles 227 226 456 449
Total operating expenses 6,025 6,557 12,518 13,800
Operating loss (805) (2,189) (4,579) (5,305)
Other income (expense):        
Interest expense, net (510) (334) (1,354) (651)
Decrease (increase) in fair value of warrant liability (278) 11 109 (67)
Other, net (16) (124) (403) (179)
Total other expense, net (804) (447) (1,648) (897)
Loss before income taxes (1,609) (2,636) (6,227) (6,202)
Income tax benefit (78) (25) (166) (29)
Net loss $ (1,531) $ (2,611) $ (6,061) $ (6,173)
Earnings per share, basic (in dollars per share) $ (0.16) $ (0.28) $ (0.64) $ (0.66)
Weighted average number of shares outstanding, basic (in shares) 9,484 9,356 9,427 9,301
Warrant fair value adjustment net of tax $ 0 $ (11) $ 0 $ 0
Net income (loss) from continuing operations available to common shareholders, diluted $ (1,531) $ (2,622) $ (6,061) $ (6,173)
Earnings per share, diluted (in dollars per share) $ (0.16) $ (0.28) $ (0.64) $ (0.66)
Weighted average number of shares outstanding, diluted (in shares) 9,484 9,357 9,427 9,301