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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues $ 26,020 $ 31,042 $ 82,595 $ 88,352
Cost of revenues (1) [1] 12,814 15,262 40,747 43,697
Gross profit 13,206 15,780 41,848 44,655
Operating expenses:        
Research and development, net (2) [2] 8,122 9,244 26,931 26,725
Sales and marketing (3) [3] 4,117 4,311 13,563 13,180
General and administrative (4) [4] 2,864 2,388 7,839 7,617
Intangible assets amortization 427 104 636 312
Total operating expenses 15,530 16,047 48,969 47,834
Operating loss (2,324) (267) (7,121) (3,179)
Financial income, net 343 416 1,535 1,129
Income (loss) before tax benefit (1,981) 149 (5,586) (2,050)
Income tax benefit (90) (335) (152) (947)
Net income (loss) $ (1,891) $ 484 $ (5,434) $ (1,103)
Net earnings (loss) per share:        
Basic (in dollars per share) $ (0.08) $ 0.02 $ (0.23) $ (0.05)
Diluted (in dollars per share) $ (0.08) $ 0.02 $ (0.23) $ (0.05)
Weighted average number of shares used in per share computations of net earnings (loss):        
Basic (in shares) 23,562 22,957 23,399 22,752
Diluted (in shares) 23,562 23,940 23,399 22,752
[1] Includes equity-based compensation expense in the amount of $142 and $109 for the three months ended September 30, 2020and 2019, and $391 and $346 for the nine months ended September 30, 2020 and 2019, respectively.
[2] Includes equity-based compensation expense in the amount of $946 and $677 for the three months ended September 30, 2020 and 2019, respectively; and $2,523 and $2,202 for the nine months ended September 30, 2020 and 2019, respectively.
[3] Includes equity-based compensation expense in the amount of $646 and $442 for the three months ended September 30, 2020 and 2019, respectively; and $1,821 and $1,318 for the nine months ended September 30, 2020 and 2019, respectively.
[4] Includes equity-based compensation expense in the amount of $699 and $645 for the three months ended September 30, 2020and 2019, respectively; and $1,811 and $1,972 for the nine months ended September 30, 2020 and 2019, respectively.