XML 46 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
Quarterly Results of Operation (Unaudited)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operation (Unaudited)

22.

Quarterly Results of Operation (Unaudited)

The following is a summary of the Company’s unaudited quarterly results of operations for the fiscal years ended December 31, 2017 and 2016 (in thousands, except per share amounts):

 

 

 

Fiscal Year Ended December 31, 2017

 

 

 

1st

 

 

2nd

 

 

3rd

 

 

4th

 

 

Total

 

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Year

 

Total revenues

 

$

1,946

 

 

$

1,584

 

 

$

183

 

 

 

3,398

 

 

$

7,111

 

Cost of revenue

 

 

1,334

 

 

 

972

 

 

 

921

 

 

 

3,500

 

 

 

6,727

 

Amortization of intangible assets

 

 

1,636

 

 

 

1,687

 

 

 

1,821

 

 

 

2,714

 

 

 

7,858

 

Change in fair value of contingent consideration

 

 

1,227

 

 

 

(774

)

 

 

773

 

 

 

800

 

 

 

2,026

 

Issuance costs for warrants

 

 

 

 

 

627

 

 

 

 

 

 

 

 

 

627

 

Other operating expenses

 

 

13,627

 

 

 

11,538

 

 

 

12,337

 

 

 

14,298

 

 

 

51,800

 

Change in fair value of warrant liabilities

 

 

 

 

 

2,326

 

 

 

22,887

 

 

 

58,521

 

 

 

83,734

 

Interest expense, net

 

 

394

 

 

 

662

 

 

 

695

 

 

 

684

 

 

 

2,435

 

Loss before income taxes

 

 

(16,272

)

 

 

(15,454

)

 

 

(39,251

)

 

 

(77,119

)

 

 

(148,096

)

Income tax benefit

 

 

858

 

 

 

741

 

 

 

738

 

 

 

963

 

 

 

3,300

 

Net loss

 

$

(15,414

)

 

$

(14,713

)

 

$

(38,513

)

 

$

(76,156

)

 

$

(144,796

)

Net loss per share - basic and diluted

 

$

(0.13

)

 

$

(0.11

)

 

$

(0.26

)

 

$

(0.40

)

 

$

(0.97

)

 

 

 

Fiscal Year Ended December 31, 2016

 

 

 

1st

 

 

2nd

 

 

3rd

 

 

4th

 

 

Total

 

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Year

 

Total revenues

 

$

 

 

$

 

 

$

1,466

 

 

$

53

 

 

$

1,519

 

Cost of revenue

 

 

 

 

 

 

 

 

1,031

 

 

 

38

 

 

 

1,069

 

Amortization of intangible assets

 

 

1,817

 

 

 

1,786

 

 

 

1,709

 

 

 

1,655

 

 

 

6,967

 

Goodwill impairment

 

 

 

 

 

61,784

 

 

 

 

 

 

 

 

 

61,784

 

Restructuring and other charges

 

 

 

 

 

3,085

 

 

 

 

 

 

(21

)

 

 

3,064

 

Inventory write-down related to restructuring

 

 

 

 

 

2,565

 

 

 

 

 

 

 

 

 

2,565

 

Other operating expenses

 

 

13,163

 

 

 

11,509

 

 

 

12,278

 

 

 

12,769

 

 

 

49,719

 

Interest expense, net

 

 

578

 

 

 

394

 

 

 

462

 

 

 

420

 

 

 

1,854

 

Loss before income taxes

 

$

(15,558

)

 

$

(81,123

)

 

$

(14,014

)

 

$

(14,808

)

 

$

(125,503

)

Income tax benefit

 

$

2,645

 

 

$

992

 

 

$

1,070

 

 

$

816

 

 

$

5,523

 

Net loss

 

$

(12,913

)

 

$

(80,131

)

 

$

(12,944

)

 

$

(13,992

)

 

$

(119,980

)

Net loss per share - basic and diluted

 

$

(0.12

)

 

$

(0.70

)

 

$

(0.11

)

 

$

(0.12

)

 

$

(1.07

)