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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues $ 117,438 $ 124,753 $ 137,869
Costs of revenues (1) [1] 59,991 67,058 77,023
Gross profit 57,447 57,695 60,846
Operating expenses:      
Research and development [2] 36,109 36,655 34,885
Sales and marketing [3] 15,323 14,315 13,867
General and administrative [4] 9,955 9,789 9,006
Amortization of Intangible Assets, Total 1,700 1,700 1,457
Other income (Note 10) (2,549)
Total operating expenses 63,087 62,459 56,666
Operating income (loss) (5,640) (4,764) 4,180
Financial income, net (Note 11) 1,815 1,669 1,227
Income (loss) before income tax benefit (expense) (3,825) (3,095) 5,407
Income tax benefit (expense) 1,868 92 (594)
Net income (loss) $ (1,957) $ (3,003) $ 4,813
Net earnings (loss) per share:      
Basic (in dollars per share) $ (0.09) $ (0.14) $ 0.22
Diluted (in dollars per share) $ (0.09) $ (0.14) $ 0.21
Weighted average number of shares used in per share computations of:      
Basic net earnings (loss) per share (in shares) 22,512 22,229 21,800
Diluted net earnings (loss) per share (in shares) 22,512 22,229 22,887
[1] Includes equity-based compensation expense in the amount of $428, $352 and $328 for the years ended December 31, 2018, 2017 and 2016, respectively.
[2] Includes equity-based compensation expense in the amount of $2,873, $2,349 and $2,205 for the years ended December 31, 2018, 2017 and 2016, respectively.
[3] Includes equity-based compensation expense in the amount of $1,248, $1,115 and $806 for the years ended December 31, 2018, 2017 and 2016, respectively.
[4] Includes equity-based compensation expense in the amount of $2,255, $2,045 and $1,749 for the years ended December 31, 2018, 2017 and 2016, respectively.