Selected Quarterly Financial Information (Unaudited) |
Note 16. 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, 2018. In the opinion of management, this quarterly data has been prepared on the same basis as the accompanying 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 the report in which these consolidated financial statements are included 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,
2018 |
|
|
Sept. 30,
2018 |
|
|
June 30,
2018 |
|
|
Mar. 31,
2018 |
|
|
Dec. 31,
2017 |
|
|
Sept. 30,
2017 |
|
|
June 30,
2017 |
|
|
Mar. 31,
2017 |
|
|
(dollars in thousands, except per share data) |
|
Statement of Operations Data: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
$ |
5,673 |
|
|
$ |
5,625 |
|
|
$ |
5,400 |
|
|
$ |
4,653 |
|
|
$ |
4,281 |
|
|
$ |
4,503 |
|
|
$ |
4,640 |
|
|
$ |
5,306 |
|
Cost of revenue |
|
2,769 |
|
|
|
2,612 |
|
|
|
2,544 |
|
|
|
2,772 |
|
|
|
2,545 |
|
|
|
2,268 |
|
|
|
1,879 |
|
|
|
1,859 |
|
Gross profit |
|
2,904 |
|
|
|
3,013 |
|
|
|
2,856 |
|
|
|
1,881 |
|
|
|
1,736 |
|
|
|
2,235 |
|
|
|
2,761 |
|
|
|
3,447 |
|
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development |
|
1,426 |
|
|
|
1,438 |
|
|
|
1,212 |
|
|
|
1,458 |
|
|
|
1,324 |
|
|
|
1,128 |
|
|
|
920 |
|
|
|
851 |
|
Selling and marketing |
|
1,128 |
|
|
|
1,115 |
|
|
|
1,279 |
|
|
|
1,130 |
|
|
|
1,080 |
|
|
|
1,383 |
|
|
|
851 |
|
|
|
891 |
|
General and administrative |
|
1,379 |
|
|
|
1,306 |
|
|
|
1,366 |
|
|
|
1,487 |
|
|
|
1,402 |
|
|
|
1,205 |
|
|
|
1,140 |
|
|
|
1,486 |
|
Total operating expenses |
|
3,933 |
|
|
|
3,859 |
|
|
|
3,857 |
|
|
|
4,075 |
|
|
|
3,806 |
|
|
|
3,716 |
|
|
|
2,911 |
|
|
|
3,228 |
|
Operating income (loss) |
|
(1,029 |
) |
|
|
(846 |
) |
|
|
(1,001 |
) |
|
|
(2,194 |
) |
|
|
(2,070 |
) |
|
|
(1,481 |
) |
|
|
(150 |
) |
|
|
219 |
|
Interest and other income, net |
|
98 |
|
|
|
143 |
|
|
|
98 |
|
|
|
95 |
|
|
|
97 |
|
|
|
145 |
|
|
|
120 |
|
|
|
119 |
|
Income (loss) before income taxes and equity loss in investee |
|
(931 |
) |
|
|
(703 |
) |
|
|
(903 |
) |
|
|
(2,099 |
) |
|
|
(1,973 |
) |
|
|
(1,336 |
) |
|
|
(30 |
) |
|
|
338 |
|
Provision for (benefit from) income taxes |
|
888 |
|
|
|
(318 |
) |
|
|
(100 |
) |
|
|
(434 |
) |
|
|
(596 |
) |
|
|
(415 |
) |
|
|
(110 |
) |
|
|
106 |
|
Income (loss) before equity loss in investee |
|
(1,819 |
) |
|
|
(385 |
) |
|
|
(803 |
) |
|
|
(1,665 |
) |
|
|
(1,377 |
) |
|
|
(921 |
) |
|
|
80 |
|
|
|
232 |
|
Equity loss in investee |
|
(234 |
) |
|
|
(210 |
) |
|
|
(246 |
) |
|
|
(245 |
) |
|
|
(247 |
) |
|
|
(172 |
) |
|
|
(105 |
) |
|
|
- |
|
Net income (loss) |
$ |
(2,053 |
) |
|
$ |
(595 |
) |
|
$ |
(1,049 |
) |
|
$ |
(1,910 |
) |
|
$ |
(1,624 |
) |
|
$ |
(1,093 |
) |
|
$ |
(25 |
) |
|
$ |
232 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
$ |
(0.11 |
) |
|
$ |
(0.03 |
) |
|
$ |
(0.06 |
) |
|
$ |
(0.11 |
) |
|
$ |
(0.09 |
) |
|
$ |
(0.06 |
) |
|
$ |
(0.00 |
) |
|
$ |
0.01 |
|
Diluted |
$ |
(0.11 |
) |
|
$ |
(0.03 |
) |
|
$ |
(0.06 |
) |
|
$ |
(0.11 |
) |
|
$ |
(0.09 |
) |
|
$ |
(0.06 |
) |
|
$ |
(0.00 |
) |
|
$ |
0.01 |
|
|