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Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Summary of Condensed Consolidated Statements of Operations

 

 

 

Condensed Consolidated Statements of Operations

 

 

 

2018

 

 

 

Q1

 

 

Q2

 

 

Q3

 

 

Q4

 

 

 

 

 

 

 

(in thousands, except per share data)

 

 

 

 

 

Revenue

 

$

20,678

 

 

$

19,203

 

 

$

16,694

 

 

$

16,839

 

Gross profit

 

$

5,200

 

 

$

3,261

 

 

$

3,359

 

 

$

3,690

 

Loss from operations

 

$

(2,478

)

 

$

(3,718

)

 

$

(2,132

)

 

$

(5,603

)

Net loss

 

$

(2,434

)

 

$

(3,683

)

 

$

(2,087

)

 

$

(5,533

)

Basic loss per share

 

$

(0.19

)

 

$

(0.29

)

 

$

(0.16

)

 

$

(0.43

)

Diluted loss per share

 

$

(0.19

)

 

$

(0.29

)

 

$

(0.16

)

 

$

(0.43

)

Shares used in per share calculations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

12,673

 

 

 

12,697

 

 

 

12,721

 

 

 

12,755

 

Diluted

 

 

12,673

 

 

 

12,697

 

 

 

12,721

 

 

 

12,755

 

  

 

 

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

 

Summary of Condensed Consolidated Balance Sheets

 

 

Condensed Consolidated Balance Sheets

 

 

 

2018

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

 

 

(in thousands)

 

Cash, cash equivalents, restricted cash and short-term investments

 

$

21,435

 

 

$

17,861

 

 

$

17,271

 

 

$

16,940

 

Total current assets

 

$

39,913

 

 

$

35,514

 

 

$

32,102

 

 

$

29,996

 

Total assets

 

$

45,110

 

 

$

41,000

 

 

$

37,648

 

 

$

31,994

 

Total current liabilities

 

$

15,289

 

 

$

14,189

 

 

$

12,744

 

 

$

12,466

 

Total shareholders' equity

 

$

29,340

 

 

$

25,635

 

 

$

23,858

 

 

$

18,341

 

  

 

 

2017

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

 

 

(in thousands)

 

Cash, cash equivalents, restricted cash 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