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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
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