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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue $ 71,315 $ 53,013 $ 139,347 $ 101,506
Cost of revenue 23,672 16,583 45,873 31,371
Gross profit 47,643 36,430 93,474 70,135
Operating expenses:        
Sales and marketing 11,820 7,989 22,751 14,971
Research and development 10,488 7,008 19,908 13,406
Refundable Canadian tax credits (194) (85) (496) (171)
General and administrative 17,655 12,042 34,331 22,036
Depreciation and amortization 9,037 5,744 18,308 11,003
Acquisition-related expenses 5,781 9,264 20,939 16,987
Total operating expenses 54,587 41,962 115,741 78,232
Loss from operations (6,944) (5,532) (22,267) (8,097)
Other expense:        
Interest expense, net (7,873) (5,246) (15,516) (10,362)
Other expense, net (15) (692) (1,417) (1,453)
Total other expense (7,888) (5,938) (16,933) (11,815)
Loss before provision for income taxes (14,832) (11,470) (39,200) (19,912)
Benefit from income taxes 673 6,101 4,960 6,713
Net loss $ (14,159) $ (5,369) $ (34,240) $ (13,199)
Net loss per common share:        
Net loss per common share, basic and diluted (in dollars per share) $ (0.57) $ (0.24) $ (1.37) $ (0.61)
Weighted-average common shares outstanding, basic and diluted (in shares) 25,032,996 22,619,805 25,057,715 21,531,216
Total product revenue        
Revenue $ 68,190 $ 49,290 $ 132,442 $ 94,930
Subscription and support        
Revenue 67,699 48,715 131,590 93,698
Cost of revenue 21,200 14,622 41,139 27,896
Perpetual license        
Revenue 491 575 852 1,232
Professional services        
Revenue 3,125 3,723 6,905 6,576
Cost of revenue $ 2,472 $ 1,961 $ 4,734 $ 3,475