Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations (Unaudited)

v3.10.0.1
Condensed Consolidated Statements Of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Software licenses and appliances $ 985 $ 1,822 $ 4,303 $ 3,971
Service 4,668 5,751 13,807 16,967
Total revenues 5,653 7,573 18,110 20,938
Cost of revenues:        
Software licenses and appliances 504 916 1,643 1,778
Service 1,611 1,995 4,990 6,003
Total cost of revenues 2,115 2,911 6,633 7,781
Gross profit 3,538 4,662 11,477 13,157
Operating expenses:        
Research and development 1,617 1,769 5,159 5,676
Sales and marketing 1,796 2,509 6,388 7,484
General and administrative 1,608 2,083 5,536 6,552
Amortization of purchased intangibles 224 226 680 675
Total operating expenses 5,245 6,587 17,763 20,387
Operating loss (1,707) (1,925) (6,286) (7,230)
Other income (expense):        
Gain on sale of BriefCam, Ltd. 6,502 0 6,502 0
Loss on extinguishment of debt (1,189) 0 (1,189) 0
Interest expense, net (262) (343) (1,616) (994)
Decrease (increase) in fair value of warrant liability (401) 15 (292) (52)
Other, net (78) (166) (481) (345)
Total other expense, net 4,572 (494) 2,924 (1,391)
Loss before income taxes 2,865 (2,419) (3,362) (8,621)
Income tax benefit 469 (110) 303 (139)
Net loss $ 2,396 $ (2,309) $ (3,665) $ (8,482)
Earnings per share, basic (in dollars per share) $ 0.25 $ (0.25) $ (0.39) $ (0.91)
Weighted average number of shares outstanding, basic (in shares) 9,559 9,404 9,472 9,335
Net income (loss) from continuing operations available to common shareholders, diluted $ 2,396 $ (2,309) $ (3,665) $ (8,482)
Earnings per share, diluted (in dollars per share) $ 0.25 $ (0.25) $ (0.39) $ (0.91)
Weighted average number of shares outstanding, diluted (in shares) 9,709 9,404 9,472 9,335