Unaudited Quarterly Data |
|
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.
|