Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Information (Unaudited)

Note 15. Selected Quarterly Financial Data (Unaudited)

The tables below set forth the Company’s quarterly consolidated statements of operations data for the eight quarters ended December 31, 2016. In the opinion of management, this quarterly data has been prepared on the same basis as the consolidated financial statements and includes all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the results of operations for the periods presented. See Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” in this report for descriptions of the effects of any extraordinary, unusual or infrequently occurring items recognized in any of the periods covered by this data. The results for any one quarter are not indicative of the results to be expected in the current period or any future period.

	Three Months Ended
	Dec. 31, 2016		Sept. 30, 2016			June 30, 2016			Mar. 31, 2016			Dec. 31, 2015			Sept. 30, 2015		June 30, 2015		Mar. 31, 2015
	(in thousands)
Statement of Operations Data:
Revenue	$	5,854	$	5,011		$	3,971		$	3,440		$	2,901		$	2,905	$	2,182	$	1,588
Cost of revenue		1,863		2,143			1,411			1,304			2,726			918		772		653
Gross profit		3,991		2,868			2,560			2,136			175			1,987		1,410		935
Operating expenses:
Research and development		818		1,523			656			561			3,650			312		252		217
Selling and marketing		798		893			477			301			1,913			280		243		234
General and administrative		1,116		1,147			457			1,889			1,956			215		168		79
Total operating expenses		2,732		3,563			1,590			2,751			7,519			807		663		530
Operating income (loss)		1,259		(695	)		970			(615	)		(7,344	)		1,180		747		405
Interest and other income (expense)		57		5			(5,462	)		13			7			-		-		20
Income (loss) before income taxes		1,316		(690	)		(4,492	)		(602	)		(7,337	)		1,180		747		425
Provision for income taxes		503		417			-			-			-			-		-		-
Net income (loss)	$	813	$	(1,107	)	$	(4,492	)	$	(602	)	$	(7,337	)	$	1,180	$	747	$	425
Net income (loss) per common share:
Basic	$	0.05	$	(0.44	)	$	(5.49	)	$	(0.02	)	$	(0.61	)	*		*		*
Diluted	$	0.05	$	(0.44	)	$	(5.49	)	$	(0.02	)	$	(0.61	)	*		*		*

*Basic and diluted income (loss) per common share was calculated prospectively from the date the Class D common units were issued in the Recapitalization in October 2015. See Note 1, Overview and Basis of Presentation, and Note 12, Income (Loss) per Share, to these consolidated financial statements for additional information.