Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations

v3.19.3
Condensed Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Total revenues $ 6,671 $ 5,653 $ 19,134 $ 18,110
Cost of revenues:        
Total cost of revenues 2,013 2,115 5,113 6,633
Gross profit 4,658 3,538 14,021 11,477
Operating expenses:        
Research and development 1,849 1,617 5,361 5,159
Sales and marketing 2,083 1,796 6,647 6,388
General and administrative 1,673 1,608 4,998 5,536
Amortization of purchased intangibles 168 224 587 680
Total operating expenses 5,773 5,245 17,593 17,763
Operating loss (1,115) (1,707) (3,572) (6,286)
Other income (expense):        
Gain on sale of BriefCam, Ltd. 41 6,502 41 6,502
Loss on extinguishment of debt 0 (1,189) 0 (1,189)
Interest expense, net (235) (262) (654) (1,616)
Decrease (increase) in fair value of warrant liability 973 (401) (752) (292)
Other, net (3) (78) 32 (481)
Total other income (expense), net 776 4,572 (1,333) 2,924
Income (loss) before income taxes (339) 2,865 (4,905) (3,362)
Income tax expense (benefit) (118) 469 (133) 303
Net income (loss) $ (221) $ 2,396 $ (4,772) $ (3,665)
Net income (loss) per share – basic (in dollars per share) $ (0.02) $ 0.25 $ (0.49) $ (0.39)
Weighted average number of shares outstanding, basic (in shares) 9,913 9,559 9,822 9,472
Net income (loss) available to common stockholders, diluted $ (1,194) $ 2,396 $ (4,772) $ (3,665)
Net income (loss) per share – diluted (in dollars per share) $ (0.11) $ 0.25 $ (0.49) $ (0.39)
Weighted average number of shares outstanding, diluted (in shares) 10,413 9,709 9,822 9,472
Software licenses and appliances        
Revenues:        
Total revenues $ 1,962 $ 985 $ 3,656 $ 4,303
Cost of revenues:        
Total cost of revenues 719 504 1,366 1,643
Service        
Revenues:        
Total revenues 4,709 4,668 15,478 13,807
Cost of revenues:        
Total cost of revenues $ 1,294 $ 1,611 $ 3,747 $ 4,990