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, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Software licenses and appliances $ 929 $ 836 $ 2,149 $ 2,798
Service 5,725 5,679 11,216 12,453
Total revenues 6,654 6,515 13,365 15,251
Cost of revenues:        
Software licenses and appliances 368 412 862 1,369
Service 1,918 2,542 4,008 5,403
Total cost of revenues 2,286 2,954 4,870 6,772
Gross profit 4,368 3,561 8,495 8,479
Operating expenses:        
Research and development 1,798 2,410 3,907 4,760
Sales and marketing 2,524 2,978 4,975 6,510
General and administrative 2,009 2,265 4,469 5,235
Amortization of purchased intangibles 226 227 449 453
Total operating expenses 6,557 7,880 13,800 16,958
Operating loss (2,189) (4,319) (5,305) (8,479)
Other income (expense):        
Interest expense, net (334) (15) (651) (27)
Change in fair value of warrant liability 11 0 (67) 0
Other, net (124) (47) (179) (11)
Total other expense, net (447) (62) (897) (38)
Loss before income taxes (2,636) (4,381) (6,202) (8,517)
Income tax benefit (25) (90) (29) (94)
Net loss $ (2,611) $ (4,291) $ (6,173) $ (8,423)
Net loss per share – basic $ (0.28) $ (0.46) $ (0.66) $ (0.91)
Weighted average shares outstanding 9,356 9,236 9,301 9,227
Net loss from continuing operations available to common shareholders, diluted $ (2,622) $ (4,291) $ (6,173) $ (8,423)