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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue $ 74,184 $ 55,065 $ 213,531 $ 156,571
Cost of revenue 25,583 16,673 71,456 48,044
Gross profit 48,601 38,392 142,075 108,527
Operating expenses:        
Sales and marketing 11,760 8,709 34,511 23,680
Research and development 10,400 7,434 30,308 20,840
Refundable Canadian tax credits (433) (133) (929) (304)
General and administrative 16,864 12,196 51,195 34,232
Depreciation and amortization 9,117 6,427 27,425 17,430
Acquisition-related expenses 3,574 7,457 24,513 24,444
Total operating expenses 51,282 42,090 167,023 120,322
Loss from operations (2,681) (3,698) (24,948) (11,795)
Other expense:        
Interest expense, net (8,078) (5,517) (23,594) (15,879)
Loss on debt extinguishment 0 (2,317) 0 (2,317)
Other income (expense), net 598 (228) (819) (1,681)
Total other expense (7,480) (8,062) (24,413) (19,877)
Loss before benefit from (provision for) income taxes (10,161) (11,760) (49,361) (31,672)
Benefit from (provision for) income taxes (1,149) (547) 3,811 6,166
Net loss $ (11,310) $ (12,307) $ (45,550) $ (25,506)
Net loss per common share:        
Net loss per common share, basic and diluted (in dollars per share) $ (0.42) $ (0.50) $ (1.77) $ (1.13)
Weighted-average common shares outstanding, basic and diluted (in shares) 27,220,134 24,568,483 25,725,495 22,550,232
Total product revenue        
Revenue $ 71,403 $ 52,034 $ 203,845 $ 146,964
Subscription and support        
Revenue 70,992 51,059 202,582 144,757
Cost of revenue 23,562 14,678 64,701 42,574
Perpetual license        
Revenue 411 975 1,263 2,207
Professional services        
Revenue 2,781 3,031 9,686 9,607
Cost of revenue $ 2,021 $ 1,995 $ 6,755 $ 5,470