XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue $ 62,629 $ 53,611 $ 185,083 $ 154,729
Cost of revenue 22,220 20,109 71,845 58,002
Gross profit 40,409 33,502 113,238 96,727
Operating expenses:        
Sales and marketing 22,312 17,188 65,616 47,685
General and administrative 8,585 8,580 29,714 26,784
Litigation costs and related recoveries:        
Professional fees and other defense costs of litigation 6,990 3,327 25,002 11,724
Litigation appeal refund 0 0 (21,285) 0
Insurance recoveries, net 0 (2,962) (7,583) (7,113)
Total operating expenses 37,887 26,133 91,464 79,080
Operating income 2,522 7,369 21,774 17,647
Non-operating expenses:        
Interest expense (9,499) (9,152) (32,231) (33,629)
Other debt financing expenses (48,375) (2,563) (58,331) (14,704)
Loss from change in fair value of redeemable warrants 0 (5,817) 0 (14,067)
Gain (loss) from change in fair value of embedded derivatives 7,800 1,400 1,600 (4,400)
Other income (expense), net (306) 108 (1,546) 422
Loss before income taxes (47,858) (8,655) (68,734) (48,731)
Income tax expense (510) (385) (1,573) (643)
Net loss (48,368) (9,040) (70,307) (49,374)
Other comprehensive income (loss):        
Foreign currency translation gain (loss) (377) (17) (729) 160
Comprehensive loss (48,745) (9,057) (71,036) (49,214)
Loss applicable to common stockholders (Note 9) $ (53,070) $ (9,040) $ (75,009) $ (49,374)
Net loss per share:        
Net loss per share of Common Stock (basic and diluted): [1] $ (0.85) $ (0.37) $ (1.24) $ (2.02)
Weighted average number of shares of Common Stock outstanding:        
Weighted average number of shares of Common Stock outstanding: (basic and diluted): [1] 62,590 24,727 60,565 24,457
[1] See Note 1 for discussion of reverse recapitalization given effect herein.