XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue $ 91,603,000 $ 70,959,000 $ 169,691,000 $ 137,361,000
Costs and expenses        
Cost of revenue 27,707,000 18,049,000 50,526,000 36,698,000
Sales and marketing 34,618,000 39,343,000 77,298,000 72,379,000
General and administrative 16,353,000 13,763,000 32,822,000 27,930,000
Product development 26,967,000 20,182,000 52,681,000 38,355,000
Restructuring costs 0 205,000 3,193,000 484,000
Amortization of purchased intangibles 404,000 438,000 809,000 899,000
Total costs and expenses 106,049,000 91,980,000 217,329,000 176,745,000
Loss from operations (14,446,000) (21,021,000) (47,638,000) (39,384,000)
Other (expense) income, net        
Interest expense, net (3,211,000) (2,017,000) (6,002,000) (2,684,000)
Other (expense) income, net (1,309,000) (250,000) (1,975,000) 483,000
Total other (expense) income, net (4,520,000) (2,267,000) (7,977,000) (2,201,000)
Loss before provision for income taxes (18,966,000) (23,288,000) (55,615,000) (41,585,000)
(Benefit from) provision for income taxes (339,000) 699,000 13,000 1,292,000
Net loss $ (18,627,000) $ (23,987,000) $ (55,628,000) $ (42,877,000)
Net loss per share of common stock:        
Basic net loss per common share (in dollars per share) $ (0.28) $ (0.38) $ (0.86) $ (0.69)
Diluted net loss per common share (in dollars per share) $ (0.28) $ (0.38) $ (0.86) $ (0.69)
Weighted-average shares used to compute net loss per share:        
Weighted average shares outstanding used in basic net loss per common share calculation (in shares) 65,650,782 62,350,787 65,023,302 61,899,072
Weighted average shares outstanding used in diluted net loss per common share calculation (in shares) 65,650,782 62,350,787 65,023,302 61,899,072
Cost of revenue        
Additional Information on Operating Expenses        
Stock-based compensation expense $ 2,199,000 $ 528,000 $ 3,448,000 $ 1,148,000
Depreciation expense 2,537,000 1,954,000 4,909,000 3,981,000
Amortization of purchased intangibles 284,000 285,000 569,000 570,000
Sales and marketing        
Additional Information on Operating Expenses        
Stock-based compensation expense 2,525,000 2,095,000 7,664,000 3,694,000
Depreciation expense 620,000 429,000 1,287,000 786,000
General and administrative        
Additional Information on Operating Expenses        
Stock-based compensation expense 4,083,000 2,825,000 6,811,000 5,391,000
Depreciation expense 49,000 225,000 154,000 456,000
Product development        
Additional Information on Operating Expenses        
Stock-based compensation expense 7,138,000 3,857,000 12,719,000 6,238,000
Depreciation expense $ 2,532,000 $ 1,154,000 $ 4,924,000 $ 2,420,000