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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues $ 31,042 $ 32,619 $ 88,352 $ 91,381
Cost of revenues (1) [1] 15,262 16,315 43,697 46,311
Gross profit 15,780 16,304 44,655 45,070
Operating expenses:        
Research and development, net (2) [2] 9,244 9,614 26,725 27,503
Sales and marketing (3) [3] 4,311 3,640 13,180 11,468
General and administrative (4) [4] 2,388 2,362 7,617 7,612
Intangible assets amortization 104 425 312 1,276
Total operating expenses 16,047 16,041 47,834 47,859
Operating income (loss) (267) 263 (3,179) (2,789)
Financial income, net 416 492 1,129 1,291
Income (loss) before taxes on income (tax benefit) 149 755 (2,050) (1,498)
Taxes on income (tax benefit) (335) 350 (947) 139
Net income (loss) $ 484 $ 405 $ (1,103) $ (1,637)
Net earnings (loss) per share:        
Basic (in dollars per share) $ 0.02 $ 0.02 $ (0.05) $ (0.07)
Diluted (in dollars per share) $ 0.02 $ 0.02 $ (0.05) $ (0.07)
Weighted average number of shares used in per share computations of net earnings (loss):        
Basic (in shares) 22,957 22,449 22,752 22,603
Diluted (in shares) 23,940 23,338 22,752 22,603
[1] Includes equity-based compensation expense in the amount of $109 and $114 for the three months ended September 30, 2019 and 2018, and $346 and $320 for the nine months ended September 30, 2019 and 2018, respectively.
[2] Includes equity-based compensation expense in the amount of $677 and $781 for the three months ended September 30, 2019 and 2018, respectively; and $2,202 and $2,134 for the nine months ended September 30, 2019 and 2018, respectively.
[3] Includes equity-based compensation expense in the amount of $442 and $283 for the three months ended September 30, 2019 and 2018, respectively; and $1,318 and $954 for the nine months ended September 30, 2019 and 2018, respectively.
[4] Includes equity-based compensation expense in the amount of $645 and $574 for the three months ended September 30, 2019 and 2018, respectively; and $1,972 and $1,703 for the nine months ended September 30, 2019 and 2018, respectively.