| Summarized Quarterly Information |
Summarized quarterly data for fiscal 2015 and 2014 are as follows
(in thousands, except per share data):
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Year ended December 31,
2015 |
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1st Quarter |
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2nd Quarter |
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3rd Quarter |
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4th Quarter |
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Selected quarterly financial data:
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Revenues
|
|
$ |
10,529 |
|
|
$ |
9,386 |
|
|
$ |
9,586 |
|
|
$ |
10,006 |
|
|
Gross profit
|
|
$ |
8,411 |
|
|
$ |
7,315 |
|
|
$ |
7,627 |
|
|
$ |
8,002 |
|
|
Operating income (loss)
|
|
$ |
2 |
|
|
$ |
(1,225 |
) |
|
$ |
(768 |
) |
|
$ |
(547 |
) |
|
Net income (loss)
|
|
$ |
(10 |
) |
|
$ |
(1,231 |
) |
|
$ |
(770 |
) |
|
$ |
(591 |
) |
|
Net (loss) per share, basic (1)
|
|
$ |
(0.00 |
) |
|
$ |
(0.03 |
) |
|
$ |
(0.02 |
) |
|
$ |
(0.01 |
) |
|
Weighted average shares outstanding, basic
|
|
|
45,501 |
|
|
|
46,257 |
|
|
|
46,160 |
|
|
|
45,860 |
|
|
Net (loss) per share, diluted (1)
|
|
$ |
(0.00 |
) |
|
$ |
(0.03 |
) |
|
$ |
(0.02 |
) |
|
$ |
(0.01 |
) |
|
Weighted average shares outstanding, diluted
|
|
|
45,501 |
|
|
|
46,257 |
|
|
|
46,160 |
|
|
|
45,860 |
|
|
|
| |
|
Year ended December 31,
2014 |
|
| |
|
1st Quarter |
|
|
2nd Quarter |
|
|
3rd Quarter |
|
|
4th Quarter |
|
|
Selected quarterly financial data:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
|
$ |
8,449 |
|
|
$ |
8,528 |
|
|
$ |
9,448 |
|
|
$ |
10,554 |
|
|
Gross profit
|
|
$ |
6,029 |
|
|
$ |
6,077 |
|
|
$ |
7,247 |
|
|
$ |
8,309 |
|
|
Operating (loss)
|
|
$ |
(5,134 |
) |
|
$ |
(5,681 |
) |
|
$ |
(1,144 |
) |
|
$ |
217 |
|
|
Net (loss)
|
|
$ |
(5,167 |
) |
|
$ |
(5,695 |
) |
|
$ |
(1,142 |
) |
|
$ |
205 |
|
|
Net (loss) per share, basic (1)
|
|
$ |
(0.14 |
) |
|
$ |
(0.15 |
) |
|
$ |
(0.03 |
) |
|
$ |
0.00 |
|
|
Weighted average shares outstanding, basic
|
|
|
37,714 |
|
|
|
38,518 |
|
|
|
41,225 |
|
|
|
45,053 |
|
|
Net (loss) per share, diluted (1)
|
|
$ |
(0.14 |
) |
|
$ |
(0.15 |
) |
|
$ |
(0.03 |
) |
|
$ |
0.00 |
|
|
Weighted average shares outstanding, diluted
|
|
|
37,714 |
|
|
|
38,518 |
|
|
|
41,225 |
|
|
|
45,053 |
|
| (1) |
Basic and diluted net (loss) per
share is computed independently for each of the quarters presented.
Therefore, the sum of the quarterly per share amounts will not
necessarily equal the total for the year. |
|