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Quarterly Financial Information-Unaudited (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

 

 

 

Quarter Ended

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service revenue

 

$

3,507

 

 

$

3,336

 

 

$

2,787

 

 

$

3,144

 

Subscription revenue

 

 

1,578

 

 

 

1,444

 

 

 

1,532

 

 

 

1,487

 

License revenue (1)

 

 

528

 

 

 

658

 

 

 

595

 

 

 

596

 

Total revenue

 

 

5,613

 

 

 

5,438

 

 

 

4,914

 

 

 

5,227

 

Total cost revenue

 

 

2,185

 

 

 

2,205

 

 

 

1,935

 

 

 

2,101

 

Gross profit

 

 

3,428

 

 

 

3,233

 

 

 

2,979

 

 

 

3,126

 

Gross profit percent, service revenue

 

 

55

%

 

 

54

%

 

 

53

%

 

 

52

%

Gross profit percent, subscription revenue

 

 

69

%

 

 

65

%

 

 

69

%

 

 

71

%

Gross profit percent, license revenue

 

 

73

%

 

 

77

%

 

 

74

%

 

 

74

%

Gross profit percent, total

 

 

61

%

 

 

59

%

 

 

61

%

 

 

60

%

Sales and marketing

 

$

4,887

 

 

$

4,757

 

 

$

4,741

 

 

$

4,755

 

Research, development and engineering

 

 

3,947

 

 

 

4,058

 

 

 

4,069

 

 

 

3,897

 

General and administrative

 

 

2,632

 

 

 

2,416

 

 

 

2,447

 

 

 

2,402

 

Intellectual property

 

 

315

 

 

 

305

 

 

 

328

 

 

 

334

 

Operating loss

 

 

(8,353

)

 

 

(8,303

)

 

 

(8,606

)

 

 

(8,262

)

Net loss

 

 

(8,112

)

 

 

(8,038

)

 

 

(8,342

)

 

 

(8,014

)

Earnings (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss per common share—basic

 

$

(0.72

)

 

$

(0.71

)

 

$

(0.73

)

 

$

(0.70

)

Loss per common share—diluted

 

$

(0.72

)

 

$

(0.71

)

 

$

(0.73

)

 

$

(0.70

)

Weighted average common shares outstanding—basic

 

 

11,266

 

 

 

11,337

 

 

 

11,394

 

 

 

11,443

 

Weighted average common shares outstanding—diluted

 

 

11,266

 

 

 

11,337

 

 

 

11,394

 

 

 

11,443

 

 

 

 

Quarter Ended

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service revenue

 

$

3,696

 

 

$

3,253

 

 

$

2,986

 

 

$

3,001

 

Subscription revenue

 

 

1,445

 

 

 

1,420

 

 

 

1,306

 

 

 

1,348

 

License revenue (1)

 

 

950

 

 

 

914

 

 

 

4,385

 

 

 

509

 

Total revenue

 

 

6,091

 

 

 

5,587

 

 

 

8,677

 

 

 

4,858

 

Total cost revenue

 

 

2,309

 

 

 

2,120

 

 

 

2,072

 

 

 

2,057

 

Gross profit

 

 

3,782

 

 

 

3,467

 

 

 

6,605

 

 

 

2,801

 

Gross profit percent, service revenue

 

 

56

%

 

 

55

%

 

 

55

%

 

 

55

%

Gross profit percent, subscription revenue

 

 

62

%

 

 

62

%

 

 

53

%

 

 

58

%

Gross profit percent, license revenue

 

 

88

%

 

 

87

%

 

 

97

%

 

 

74

%

Gross profit percent, total

 

 

62

%

 

 

62

%

 

 

76

%

 

 

58

%

Sales and marketing

 

$

3,992

 

 

$

3,997

 

 

$

4,075

 

 

$

4,572

 

Research, development and engineering

 

 

3,459

 

 

 

3,936

 

 

 

4,108

 

 

 

3,932

 

General and administrative

 

 

2,385

 

 

 

2,239

 

 

 

2,442

 

 

 

2,614

 

Intellectual property

 

 

392

 

 

 

345

 

 

 

387

 

 

 

345

 

Operating loss

 

 

(6,446

)

 

 

(7,050

)

 

 

(4,407

)

 

 

(8,662

)

Net loss

 

 

(6,218

)

 

 

(6,943

)

 

 

(4,240

)

 

 

(8,370

)

Earnings (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss per common share—basic

 

$

(0.61

)

 

$

(0.68

)

 

$

(0.39

)

 

$

(0.76

)

Loss per common share—diluted

 

$

(0.61

)

 

$

(0.68

)

 

$

(0.39

)

 

$

(0.76

)

Weighted average common shares outstanding—

   basic

 

 

10,161

 

 

 

10,266

 

 

 

10,797

 

 

 

11,046

 

Weighted average common shares outstanding—

   diluted

 

 

10,161

 

 

 

10,266

 

 

 

10,797

 

 

 

11,046

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) In the third quarter of 2017, the Company recognized a one-time $3,500 upfront license fee from an existing licensee.