| Supplemental Quarterly Data - Unaudited |
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2015 |
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2016 |
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First |
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Second |
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Third |
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Fourth |
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First |
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Second |
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Third |
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Fourth |
Revenues |
$ |
5,969 |
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$ |
8,764 |
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$ |
9,602 |
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$ |
10,119 |
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$ |
8,736 |
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$ |
6,515 |
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$ |
7,110 |
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$ |
9,321 |
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Cost of revenues |
3,775 |
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4,492 |
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4,870 |
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4,362 |
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3,818 |
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2,954 |
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2,857 |
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2,731 |
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Gross profit |
2,194 |
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4,272 |
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4,732 |
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5,757 |
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4,918 |
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3,561 |
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4,253 |
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6,590 |
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Operating expenses: |
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Research and development |
2,802 |
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2,858 |
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2,848 |
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2,181 |
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2,350 |
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2,410 |
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1,986 |
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1,795 |
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Sales and marketing |
4,828 |
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4,740 |
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4,706 |
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3,720 |
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3,532 |
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2,978 |
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2,435 |
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2,584 |
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General and administrative |
4,364 |
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3,558 |
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4,353 |
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4,603 |
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2,970 |
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2,265 |
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2,109 |
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2,378 |
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Amortization of intangibles |
199 |
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200 |
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200 |
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199 |
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226 |
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227 |
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221 |
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217 |
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Total operating expenses |
12,193 |
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11,356 |
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12,107 |
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10,703 |
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9,078 |
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7,880 |
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6,751 |
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6,974 |
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Operating loss |
(9,999 |
) |
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(7,084 |
) |
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(7,375 |
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(4,946 |
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(4,160 |
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(4,319 |
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(2,498 |
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(384 |
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Other income (expense): |
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Interest income (expense), net |
16 |
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15 |
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(10 |
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(14 |
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(12 |
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(15 |
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(13 |
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(247 |
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Change in fair value of warrant liability |
— |
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— |
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— |
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— |
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— |
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— |
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— |
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137 |
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Other, net |
(64 |
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(4 |
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(89 |
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26 |
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36 |
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(47 |
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(13 |
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108 |
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Total other income (loss), net |
(48 |
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11 |
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(99 |
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12 |
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24 |
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(62 |
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(26 |
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(2 |
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Loss before income taxes |
(10,047 |
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(7,073 |
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(7,474 |
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(4,934 |
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(4,136 |
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(4,381 |
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(2,524 |
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(386 |
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Income tax benefit |
(174 |
) |
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(146 |
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(163 |
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(357 |
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(4 |
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(90 |
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(39 |
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(119 |
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Net loss from continuing operations |
(9,873 |
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(6,927 |
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(7,311 |
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(4,577 |
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(4,132 |
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(4,291 |
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(2,485 |
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(267 |
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Net income (loss) from discontinued operations, net of tax |
(67 |
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(22 |
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79 |
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— |
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— |
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— |
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— |
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— |
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Net income (loss) |
$ |
(9,940 |
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$ |
(6,949 |
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$ |
(7,232 |
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$ |
(4,577 |
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$ |
(4,132 |
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$ |
(4,291 |
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$ |
(2,485 |
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$ |
(267 |
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Net income (loss) per share – basic(1)
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$ |
(1.08 |
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$ |
(0.75 |
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$ |
(0.78 |
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$ |
(0.50 |
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$ |
(0.45 |
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$ |
(0.46 |
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$ |
(0.27 |
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$ |
(0.03 |
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Net income (loss) per share – diluted(1)
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$ |
(1.08 |
) |
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$ |
(0.75 |
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$ |
(0.78 |
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$ |
(0.50 |
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$ |
(0.45 |
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$ |
(0.46 |
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$ |
(0.27 |
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$ |
(0.04 |
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(1) |
Due to the averaging of shares, quarterly earnings per share may not add to the total for the full year. |
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