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Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Summary of Condensed Consolidated Statements of Operations

 

 

 

Condensed Consolidated Statements of Operations

 

 

 

2017

 

 

 

Q1

 

 

Q2

 

 

Q3

 

 

Q4

 

 

 

 

 

 

 

(in thousands, except per share data)

 

 

 

 

 

Revenue

 

$

22,841

 

 

$

18,848

 

 

$

19,653

 

 

$

19,469

 

Gross profit

 

$

6,253

 

 

$

3,873

 

 

$

4,380

 

 

$

3,616

 

Income (loss) from operations

 

$

41

 

 

$

(2,619

)

 

$

(2,546

)

 

$

(4,297

)

Net income (loss)

 

$

202

 

 

$

(2,560

)

 

$

(2,468

)

 

$

(4,232

)

Basic income (loss) per share

 

$

0.02

 

 

$

(0.20

)

 

$

(0.20

)

 

$

(0.33

)

Diluted income (loss) per share

 

$

0.02

 

 

$

(0.20

)

 

$

(0.20

)

 

$

(0.33

)

Shares used in per share calculations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

12,550

 

 

 

12,577

 

 

 

12,607

 

 

 

12,640

 

Diluted

 

 

12,848

 

 

 

12,577

 

 

 

12,607

 

 

 

12,640

 

  

 

 

2016

 

 

 

Q1

 

 

Q2

 

 

Q3

 

 

Q4

 

 

 

 

 

 

 

(in thousands, except per share data)

 

 

 

 

 

Revenue

 

$

25,439

 

 

$

22,738

 

 

$

22,467

 

 

$

26,797

 

Gross profit

 

$

4,296

 

 

$

3,893

 

 

$

3,677

 

 

$

3,954

 

Income (loss) from operations

 

$

649

 

 

$

(85

)

 

$

(415

)

 

$

(1,307

)

Net income (loss)

 

$

500

 

 

$

(185

)

 

$

(106

)

 

$

(1,261

)

Basic income (loss) per share

 

$

0.04

 

 

$

(0.02

)

 

$

(0.01

)

 

$

(0.10

)

Diluted income (loss) per share

 

$

0.04

 

 

$

(0.02

)

 

$

(0.01

)

 

$

(0.10

)

Shares used in per share calculations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

12,102

 

 

 

12,152

 

 

 

12,310

 

 

 

12,473

 

Diluted

 

 

12,531

 

 

 

12,152

 

 

 

12,310

 

 

 

12,473

 

 

Summary of Condensed Consolidated Balance Sheets

 

 

Condensed Consolidated Balance Sheets

 

 

 

2017

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

 

 

(in thousands)

 

Cash, cash equivalents and short-term investments

 

$

30,984

 

 

$

27,296

 

 

$

26,758

 

 

$

24,754

 

Total current assets

 

$

49,092

 

 

$

47,077

 

 

$

45,021

 

 

$

44,253

 

Total assets

 

$

54,403

 

 

$

52,395

 

 

$

50,247

 

 

$

49,434

 

Total current liabilities

 

$

14,310

 

 

$

14,445

 

 

$

14,351

 

 

$

17,427

 

Total shareholders' equity

 

$

39,206

 

 

$

37,099

 

 

$

35,238

 

 

$

31,430

 

  

 

 

2016

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

 

 

(in thousands)

 

Cash, cash equivalents and short-term investments

 

$

27,626

 

 

$

26,898

 

 

$

31,577

 

 

$

33,200

 

Total current assets

 

$

49,683

 

 

$

47,059

 

 

$

51,844

 

 

$

55,657

 

Total assets

 

$

55,389

 

 

$

52,680

 

 

$

57,355

 

 

$

61,008

 

Total current liabilities

 

$

16,322

 

 

$

13,407

 

 

$

15,502

 

 

$

20,221

 

Total shareholders' equity

 

$

37,873

 

 

$

38,166

 

 

$

38,790

 

 

$

38,112