Annual report pursuant to Section 13 and 15(d)

Supplemental Quarterly Data - Unaudited

v3.7.0.1
Supplemental Quarterly Data - Unaudited
12 Months Ended
Dec. 31, 2016
Supplemental Income Statement Elements [Abstract]  
Supplemental Quarterly Data - Unaudited
Supplemental Quarterly Data – Unaudited (In thousands, except per share data)
 
2015
 
2016
 
First
 
Second
 
Third
 
Fourth
 
First
 
Second
 
Third
 
Fourth
Revenues
$
5,969

 
$
8,764

 
$
9,602

 
$
10,119

 
$
8,736

 
$
6,515

 
$
7,110

 
$
9,321

Cost of revenues
3,775

 
4,492

 
4,870

 
4,362

 
3,818

 
2,954

 
2,857

 
2,731

Gross profit
2,194

 
4,272

 
4,732

 
5,757

 
4,918

 
3,561

 
4,253

 
6,590

Operating expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Research and development
2,802

 
2,858

 
2,848

 
2,181

 
2,350

 
2,410

 
1,986

 
1,795

Sales and marketing
4,828

 
4,740

 
4,706

 
3,720

 
3,532

 
2,978

 
2,435

 
2,584

General and administrative
4,364

 
3,558

 
4,353

 
4,603

 
2,970

 
2,265

 
2,109

 
2,378

Amortization of intangibles
199

 
200

 
200

 
199

 
226

 
227

 
221

 
217

Total operating expenses
12,193

 
11,356

 
12,107

 
10,703

 
9,078

 
7,880

 
6,751

 
6,974

Operating loss
(9,999
)
 
(7,084
)
 
(7,375
)
 
(4,946
)
 
(4,160
)
 
(4,319
)
 
(2,498
)
 
(384
)
Other income (expense):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest income (expense), net
16

 
15

 
(10
)
 
(14
)
 
(12
)
 
(15
)
 
(13
)
 
(247
)
Change in fair value of warrant liability

 

 

 

 

 

 

 
137

Other, net
(64
)
 
(4
)
 
(89
)
 
26

 
36

 
(47
)
 
(13
)
 
108

Total other income (loss), net
(48
)
 
11

 
(99
)
 
12

 
24

 
(62
)
 
(26
)
 
(2
)
Loss before income taxes
(10,047
)
 
(7,073
)
 
(7,474
)
 
(4,934
)
 
(4,136
)
 
(4,381
)
 
(2,524
)
 
(386
)
Income tax benefit
(174
)
 
(146
)
 
(163
)
 
(357
)
 
(4
)
 
(90
)
 
(39
)
 
(119
)
Net loss from continuing operations
(9,873
)
 
(6,927
)
 
(7,311
)
 
(4,577
)
 
(4,132
)
 
(4,291
)
 
(2,485
)
 
(267
)
Net income (loss) from discontinued operations, net of tax
(67
)
 
(22
)
 
79

 

 

 

 

 

Net income (loss)
$
(9,940
)
 
$
(6,949
)
 
$
(7,232
)
 
$
(4,577
)
 
$
(4,132
)
 
$
(4,291
)
 
$
(2,485
)
 
$
(267
)
Net income (loss) per share – basic(1)
$
(1.08
)
 
$
(0.75
)
 
$
(0.78
)
 
$
(0.50
)
 
$
(0.45
)
 
$
(0.46
)
 
$
(0.27
)
 
$
(0.03
)
Net income (loss) per share – diluted(1)
$
(1.08
)
 
$
(0.75
)
 
$
(0.78
)
 
$
(0.50
)
 
$
(0.45
)
 
$
(0.46
)
 
$
(0.27
)
 
$
(0.04
)
(1) 
Due to the averaging of shares, quarterly earnings per share may not add to the total for the full year.