Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations (Unaudited)

v3.7.0.1
Condensed Consolidated Statements Of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Software licenses and appliances $ 1,220,000 $ 1,962,000
Service 5,491,000 6,774,000
Total revenues 6,711,000 8,736,000
Cost of revenues:    
Software licenses and appliances 494,000 957,000
Service 2,090,000 2,861,000
Total cost of revenues 2,584,000 3,818,000
Gross profit 4,127,000 4,918,000
Operating expenses:    
Research and development 2,109,000 2,350,000
Sales and marketing 2,451,000 3,532,000
General and administrative 2,460,000 2,970,000
Amortization of purchased intangibles 223,000 226,000
Total operating expenses 7,243,000 9,078,000
Operating loss (3,116,000) (4,160,000)
Other income (expense):    
Interest expense, net (317,000) (12,000)
Change in fair value of warrant liability (78,000) 0
Other, net (55,000) 36,000
Total other income (expense), net (450,000) 24,000
Loss before income taxes (3,566,000) (4,136,000)
Income tax benefit (4,000) (4,000)
Net loss $ (3,562,000) $ (4,132,000)
Weighted average shares outstanding 9,245 9,218
Earnings per share, basic and diluted $ (0.39) $ (0.45)