Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations

v3.19.2
Condensed Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Total revenues $ 5,365 $ 7,626 $ 12,463 $ 12,457
Cost of revenues:        
Total cost of revenues 1,563 2,406 3,100 4,518
Gross profit 3,802 5,220 9,363 7,939
Operating expenses:        
Research and development 1,838 1,639 3,512 3,542
Sales and marketing 2,212 2,412 4,564 4,592
General and administrative 1,579 1,747 3,325 3,928
Amortization of purchased intangibles 201 227 419 456
Total operating expenses 5,830 6,025 11,820 12,518
Operating loss (2,028) (805) (2,457) (4,579)
Other income (expense):        
Interest expense, net (214) (510) (419) (1,354)
Decrease (increase) in fair value of warrant liability (1,436) (278) (1,725) 109
Other, net 66 (16) 35 (403)
Total other expense, net (1,584) (804) (2,109) (1,648)
Loss before income taxes (3,612) (1,609) (4,566) (6,227)
Income tax benefit (11) (78) (15) (166)
Net loss $ (3,601) $ (1,531) $ (4,551) $ (6,061)
Net loss per share (in dollars per share) $ (0.37) $ (0.16) $ (0.47) $ (0.64)
Weighted average shares outstanding (in shares) 9,861 9,484 9,775 9,427
Software licenses and appliances        
Revenues:        
Total revenues $ 689 $ 2,867 $ 1,694 $ 3,318
Cost of revenues:        
Total cost of revenues 336 804 647 1,139
Service        
Revenues:        
Total revenues 4,676 4,759 10,769 9,139
Cost of revenues:        
Total cost of revenues $ 1,227 $ 1,602 $ 2,453 $ 3,379