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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues $ 31,301 $ 36,164 $ 59,234 $ 63,823
Cost of revenues (1) [1],[2] 16,804 20,279 32,490 36,221
Gross profit 14,497 15,885 26,744 27,602
Operating expenses:        
Research and development [3] 9,161 9,036 18,351 17,925
Sales and marketing [1] 3,430 3,323 7,005 6,715
General and administrative [4] 2,372 2,275 4,859 4,558
Intangible assets amortization 425 321 850 642
Total operating expenses 15,388 14,955 31,065 29,840
Operating income (loss) (891) 930 (4,321) (2,238)
Financial income, net 418 273 834 565
Income (loss) before taxes on income (473) 1,203 (3,487) (1,673)
Taxes on income (tax benefit) 113 123 (35) 160
Net income (loss) $ (586) $ 1,080 $ (3,452) $ (1,833)
Net earnings (loss) per share:        
Basic (in dollars per share) $ (0.03) $ 0.05 $ (0.16) $ (0.08)
Diluted (in dollars per share) $ (0.03) $ 0.05 $ (0.16) $ (0.08)
Weighted average number of shares used in per share computations of net earnings (loss):        
Basic (in shares) 22,180 21,739 22,141 21,725
Diluted (in shares) 22,180 22,845 22,141 21,725
[1] Includes equity-based compensation expense in the amount of $297 and $194 for the three months ended June 30, 2017 and 2016, respectively; and $597 and $325 for the six months ended June 30, 2017 and 2016, respectively.
[2] Includes equity-based compensation expense in the amount of $94 and $83 for the three months ended June 30, 2017 and 2016, and $191 and $144 for the six months ended June 30, 2017 and 2016, respectively.
[3] Includes equity-based compensation expense in the amount of $623 and $521 for the three months ended June 30, 2017 and 2016, respectively; and $1,239 and $947 for the six months ended June 30, 2017 and 2016, respectively.
[4] Includes equity-based compensation expense in the amount of $543 and $461 for the three months ended June 30, 2017 and 2016, respectively; and $1,061 and $828 for the six months ended June 30, 2017 and 2016, respectively.