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Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Financial Data

The following financial information reflects all normal recurring adjustments, which are, in the opinion of management, necessary for a fair statement of the results of the interim periods. Summarized quarterly data for fiscal 2016 and 2015 are as follows (in thousands, except per share data):

 

 

 

Year ended December 31, 2016

 

 

 

1st

Quarter

 

 

2nd

Quarter

 

 

3rd

Quarter

 

 

4th

Quarter

 

Selected quarterly financial data: (2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

34,206

 

 

$

32,241

 

 

$

26,711

 

 

$

27,090

 

Gross profit

 

 

24,487

 

 

 

21,158

 

 

 

15,862

 

 

 

14,627

 

Total operating expenses

 

 

27,930

 

 

 

21,479

 

 

 

20,411

 

 

 

21,691

 

Loss from continuing operations

 

 

(4,248

)

 

 

(1,909

)

 

 

(10,063

)

 

 

(10,081

)

Income (loss) from discontinued operations

 

 

(2,369

)

 

 

(3,324

)

 

 

(3,658

)

 

 

5,727

 

Net loss

 

 

(6,617

)

 

 

(5,233

)

 

 

(13,721

)

 

 

(4,354

)

Net loss per basic and diluted share (1)

 

 

(0.78

)

 

 

(0.62

)

 

 

(1.60

)

 

 

(0.49

)

 

 

 

Year ended December 31, 2015

 

 

 

1st

Quarter

 

 

2nd

Quarter

 

 

3rd

Quarter

 

 

4th

Quarter

 

Selected quarterly financial data: (2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

35,577

 

 

$

32,333

 

 

$

31,687

 

 

$

34,791

 

Gross profit

 

 

24,492

 

 

 

18,287

 

 

 

21,658

 

 

 

23,585

 

Total operating expenses

 

 

24,750

 

 

 

23,691

 

 

 

186,333

 

 

 

29,103

 

Loss from continuing operations

 

 

(3,599

)

 

 

(4,190

)

 

 

(156,998

)

 

 

(6,463

)

Income (loss) from discontinued operations

 

 

(963

)

 

 

243

 

 

 

(3,267

)

 

 

(3,440

)

Net loss

 

 

(4,561

)

 

 

(3,947

)

 

 

(160,265

)

 

 

(9,903

)

Net loss per basic and diluted share (1)

 

 

(0.55

)

 

 

(0.48

)

 

 

(19.35

)

 

 

(1.18

)

 

(1)

Basic and diluted net loss per share, adjusted for the 1-for-12 reverse stock split, 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.

(2)

Selected quarterly financial data for periods prior to the nine months ended September 30, 2016 have been recast to reflect discontinued operations.