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Quarterly Financial Information (Tables)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Summary of Condensed Consolidated Statements of Operations

Following is a summary of unaudited quarterly financial information for 2014 and 2013:

  

 

 

Condensed Consolidated Statements of Operations

 

 

 

2014

 

 

 

Q4

 

 

Q3

 

 

Q2

 

 

Q1

 

 

 

 

 

 

 

(in thousands, except per share data)

 

 

 

 

 

Revenue

 

$

25,595

 

 

$

24,535

 

 

$

23,055

 

 

$

22,731

 

Gross profit

 

 

4,764

 

 

 

3,963

 

 

 

4,265

 

 

 

3,535

 

Income (loss) from operations

 

 

1,288

 

 

 

723

 

 

 

670

 

 

 

(197

)

Net income (loss)

 

$

1,396

 

 

$

691

 

 

$

651

 

 

$

(393

)

Basic income (loss) per share

 

$

0.12

 

 

$

0.06

 

 

$

0.06

 

 

$

(0.03

)

Diluted income (loss) per share

 

$

0.12

 

 

$

0.06

 

 

$

0.06

 

 

$

(0.03

)

Shares used in calculation of income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

11,735

 

 

 

11,655

 

 

 

11,510

 

 

 

11,390

 

Diluted

 

 

11,945

 

 

 

11,832

 

 

 

11,715

 

 

 

11,390

 

  

 

 

Condensed Consolidated Statements of Operations

 

 

 

2013

 

 

 

Q4

 

 

Q3

 

 

Q2

 

 

Q1

 

 

 

 

 

 

 

(in thousands, except per share data)

 

 

 

 

 

Revenue

 

$

25,829

 

 

$

23,572

 

 

$

21,837

 

 

$

20,870

 

Gross profit

 

 

4,516

 

 

 

3,369

 

 

 

3,793

 

 

 

3,347

 

Income (loss) from operations

 

 

25

 

 

 

(1,395

)

 

 

(786

)

 

 

(947

)

Net loss

 

$

(23

)

 

$

(3,567

)

 

$

(805

)

 

$

(862

)

Basic loss per share

 

$

(0.00

)

 

$

(0.32

)

 

$

(0.07

)

 

$

(0.08

)

Diluted loss per share

 

$

(0.00

)

 

$

(0.32

)

 

$

(0.07

)

 

$

(0.08

)

Shares used in calculation of loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

11,246

 

 

 

11,194

 

 

 

11,149

 

 

 

11,107

 

Diluted

 

 

11,246

 

 

 

11,194

 

 

 

11,149

 

 

 

11,107

 

  

Summary of Condensed Consolidated Balance Sheets

  

 

 

Condensed Consolidated Balance Sheets

 

 

 

2013

 

 

 

December 31

 

 

September 30

 

 

June 30

 

 

March 31

 

 

 

(in thousands)

 

Cash, cash equivalents and short-term investments

 

$

20,805

 

 

$

21,289

 

 

$

19,902

 

 

$

19,422

 

Accounts receivable, net

 

 

15,893

 

 

 

12,811

 

 

 

13,614

 

 

 

12,639

 

Total current assets

 

 

39,023

 

 

 

35,560

 

 

 

35,080

 

 

 

33,378

 

Total assets

 

 

44,648

 

 

 

41,309

 

 

 

43,517

 

 

 

41,978

 

Third-party software fees payable

 

 

12,746

 

 

 

11,055

 

 

 

10,090

 

 

 

8,712

 

Accounts payable

 

 

634

 

 

 

778

 

 

 

510

 

 

 

276

 

Accrued compensation

 

 

2,383

 

 

 

1,986

 

 

 

2,242

 

 

 

1,862

 

Other accrued expenses

 

 

1,249

 

 

 

1,332

 

 

 

1,772

 

 

 

1,490

 

Total current liabilities

 

 

19,189

 

 

 

16,225

 

 

 

15,486

 

 

 

13,338

 

Common stock

 

 

129,423

 

 

 

129,215

 

 

 

128,991

 

 

 

128,730

 

Accumulated deficit

 

 

(103,993

)

 

 

(103,968

)

 

 

(100,403

)

 

 

(99,598

)

Total shareholders' equity

 

 

24,671

 

 

 

24,456

 

 

 

27,709

 

 

 

28,301

 

Total liabilities and shareholders' equity

 

 

44,648

 

 

 

41,309

 

 

 

43,517

 

 

 

41,978