XML 16 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenue $ 90,941,000 $ 75,139,000 $ 179,206,000 $ 143,780,000
Cost of revenue [1],[2] 21,009,000 19,047,000 40,953,000 36,577,000
Gross profit 69,932,000 56,092,000 138,253,000 107,203,000
Operating expenses:        
Research and development [1] 26,571,000 22,407,000 53,128,000 43,213,000
Sales and marketing [1],[2] 42,578,000 29,689,000 84,669,000 55,739,000
General and administrative [1] 21,339,000 19,746,000 43,271,000 40,302,000
Restructuring 0 0 0 (66,000)
Total operating expenses 90,488,000 71,842,000 181,068,000 139,188,000
Loss from operations (20,556,000) (15,750,000) (42,815,000) (31,985,000)
Interest expense 2,422,000 3,647,000 5,508,000 7,306,000
Other non-operating (income) expense, net 102,000 (575,000) (1,134,000) (2,554,000)
Loss before income taxes (23,080,000) (18,822,000) (47,189,000) (36,737,000)
Benefit from income taxes (156,000) (344,000) (15,000) (482,000)
Net loss $ (22,924,000) $ (18,478,000) $ (47,174,000) $ (36,255,000)
Net loss per share, basic and diluted $ (0.17) $ (0.14) $ (0.34) $ (0.28)
Weighted-average shares used in computing basic and diluted net loss per share 138,777 131,099 137,844 128,943
[1]

(1)       Includes stock-based compensation, net of amounts capitalized as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in thousands)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Cost of revenue

 

$

1,047

 

 

$

991

 

 

$

2,007

 

 

$

2,087

 

Research and development

 

 

7,496

 

 

 

5,629

 

 

 

13,953

 

 

 

10,395

 

Sales and marketing

 

 

4,841

 

 

 

3,016

 

 

 

9,184

 

 

 

5,796

 

General and administrative

 

 

6,087

 

 

 

5,518

 

 

 

11,829

 

 

 

11,987

 

Stock-based compensation, net of amounts capitalized

 

$

19,471

 

 

$

15,154

 

 

$

36,973

 

 

$

30,265

 

[2]

(2)      Includes amortization of acquisition intangible assets as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in thousands)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Cost of revenue

 

$

2,003

 

 

$

1,403

 

 

$

4,013

 

 

$

1,891

 

Sales and marketing

 

 

1,355

 

 

 

766

 

 

 

2,713

 

 

 

1,303

 

Amortization of acquisition intangible assets

 

$

3,358

 

 

$

2,169

 

 

$

6,726

 

 

$

3,194