Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Operations

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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues $ 25,013 $ 28,167 $ 31,682
Cost of revenues 8,493 10,262 12,360
Revenues:      
Gross profit 16,520 17,905 19,322
Operating expenses:      
Research and development 7,013 7,279 8,541
Sales and marketing 8,394 10,026 11,529
General and administrative 7,122 8,567 9,722
Amortization of purchased intangibles 904 904 891
Total operating expenses 23,433 26,776 30,683
Operating loss (6,913) (8,871) (11,361)
Other income (expense):      
Gain on sale of BriefCam, Ltd. 6,602 0 0
Loss on debt extinguishment (1,189) 0 0
Interest expense, net (1,809) (2,852) (287)
Decrease in fair value of warrant liability 368 74 137
Other, net (378) (433) 84
Total other income (expense), net 3,594 (3,211) (66)
Loss before income taxes (3,319) (12,082) (11,427)
Income tax expense (benefit) 298 (358) (252)
Net loss $ (3,617) $ (11,724) $ (11,175)
Net loss per share – basic $ (0.38) $ (1.25) $ (1.21)
Weighted average shares outstanding – basic 9,499 9,347 9,232
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Diluted $ (3,778) $ (11,724) $ (11,312)
Net loss per share – diluted $ (0.39) $ (1.25) $ (1.23)
Weighted average shares outstanding – diluted 9,606 9,347 9,232
Software licenses and appliances      
Revenues $ 5,814 $ 5,982 $ 5,839
Cost of revenues 2,277 2,407 2,474
Service      
Revenues 19,199 22,185 25,843
Cost of revenues $ 6,216 $ 7,855 $ 9,886