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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues $ 32,619 $ 34,277 $ 91,381 $ 93,511
Cost of revenues (1) [1] 16,315 18,270 46,311 50,760
Gross profit 16,304 16,007 45,070 42,751
Operating expenses:        
Research and development, net (2) [2] 9,614 9,214 27,503 27,565
Sales and marketing (3) [3] 3,640 3,635 11,468 10,640
General and administrative (4) [4] 2,362 2,483 7,612 7,342
Intangible assets amortization 425 425 1,276 1,275
Total operating expenses 16,041 15,757 47,859 46,822
Operating income (loss) 263 250 (2,789) (4,071)
Financial income 492 382 1,291 1,216
Income (loss) before taxes on income 755 632 (1,498) (2,855)
Taxes on income (tax benefit) 350 54 139 19
Net income (loss) $ 405 $ 578 $ (1,637) $ (2,874)
Income (loss) per share:        
Basic (in dollars per share) $ 0.02 $ 0.03 $ (0.07) $ (0.13)
Diluted (in dollars per share) $ 0.02 $ 0.02 $ (0.07) $ (0.13)
Weighted average number of shares used in per share computations of net earnings (loss) per share:        
Basic (in shares) 22,449 22,276 22,603 22,186
Diluted (in shares) 23,338 23,243 22,603 22,186
[1] Includes equity-based compensation expense in the amount of $114 and $84 for the three months ended September 30, 2018 and 2017, and $320 and $275 for the nine months ended September 30, 2018 and 2017, respectively.
[2] Includes equity-based compensation expense in the amount of $781 and $576 for the three months ended September 30, 2018 and 2017, respectively; and $2,134 and $1,815 for the nine months ended September 30, 2018 and 2017, respectively.
[3] Includes equity-based compensation expense in the amount of $283 and $273 for the three months ended September 30, 2018 and 2017, respectively; and $954 and $870 for the nine months ended September 30, 2018 and 2017, respectively.
[4] Includes equity-based compensation expense in the amount of $574 and $505 for the three months ended September 30, 2018 and 2017, respectively; and $1,703 and $1,566 for the nine months ended September 30, 2018 and 2017, respectively.