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Quarterly Results (Unaudited)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results
19. Quarterly Results (Unaudited)
The following table sets forth our unaudited quarterly condensed consolidated statements of operations data for each of the last eight quarters through December 31, 2015. The data has been prepared on the same basis as the audited consolidated financial statements and related notes included elsewhere in this Annual Report and you should read the following tables together with such financial statements. The quarterly results of operations include all normal recurring adjustments necessary for a fair presentation of this data. Results of interim periods are not necessarily indicative of results for the entire year and are not necessarily indicative of future results.
 
3/31/14
 
6/30/14
 
9/30/14
 
12/31/14
 
3/31/15
 
6/30/15
 
9/30/15
 
12/31/15
Consolidated Statements of Operations Data:
 
Revenue:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Subscription and support
$
11,737

 
$
11,805

 
$
12,368

 
$
12,715

 
$
14,322

 
$
14,023

 
$
14,129

 
$
14,719

Perpetual license
440

 
657

 
850

 
840

 
811

 
846

 
540

 
608

Total product revenue
12,177

 
12,462

 
13,218

 
13,555

 
15,133

 
14,869

 
14,669

 
15,327

Professional services
3,436

 
3,749

 
3,057

 
2,920

 
2,395

 
2,809

 
2,436

 
2,273

Total revenue
15,613

 
16,211

 
16,275

 
16,475

 
17,528

 
17,678

 
17,105

 
17,600

Cost of revenue:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Subscription and support(1)(2)
3,258

 
3,346

 
3,488

 
3,950

 
4,732

 
4,841

 
4,771

 
5,242

Professional services(1)
2,397

 
2,340

 
2,305

 
2,037

 
1,908

 
1,732

 
1,677

 
1,768

Total cost of revenue
5,655

 
5,686

 
5,793

 
5,987

 
6,640

 
6,573

 
6,448

 
7,010

Gross profit
9,958

 
10,525

 
10,482

 
10,488

 
10,888

 
11,105

 
10,657

 
10,590

Operating expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Sales and marketing(1)
3,136

 
4,015

 
3,767

 
3,752

 
3,532

 
3,446

 
2,929

 
3,058

Research and development(1)
14,899

 
3,494

 
3,793

 
3,979

 
3,926

 
4,152

 
3,852

 
3,848

Refundable Canadian tax credits
(136
)
 
(138
)
 
(138
)
 
(682
)
 
(121
)
 
(122
)
 
(115
)
 
(112
)
General and administrative(1)
2,623

 
3,053

 
3,555

 
4,330

 
5,119

 
4,714

 
4,494

 
3,874

Depreciation and amortization
1,055

 
1,066

 
1,067

 
1,122

 
1,014

 
1,063

 
1,130

 
1,327

Acquisition-related expenses
290

 
231

 
108

 
1,557

 
545

 
360

 
176

 
1,374

Total operating expenses
21,867

 
11,721

 
12,152

 
14,058

 
14,015

 
13,613

 
12,466

 
13,369

Income (loss) from operations
(11,909
)
 
(1,196
)
 
(1,670
)
 
(3,570
)
 
(3,127
)
 
(2,508
)
 
(1,809
)
 
(2,779
)
Other expense:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense, net
(415
)
 
(419
)
 
(397
)
 
(720
)
 
(347
)
 
(576
)
 
(462
)
 
(473
)
Other expense, net
114

 
(482
)
 
60

 
409

 
(512
)
 
(12
)
 
137

 
(157
)
Total other expense
(301
)
 
(901
)
 
(337
)
 
(311
)
 
(859
)
 
(588
)
 
(325
)
 
(630
)
Loss before provision for income taxes
(12,210
)
 
(2,097
)
 
(2,007
)
 
(3,881
)
 
(3,986
)
 
(3,096
)
 
(2,134
)
 
(3,409
)
Provision for income taxes
(410
)
 
(280
)
 
(438
)
 
1,206

 
243

 
(238
)
 
(190
)
 
(854
)
Loss from continuing operations
(12,620
)
 
(2,377
)
 
(2,445
)
 
(2,675
)
 
(3,743
)
 
(3,334
)
 
(2,324
)
 
(4,263
)
Income (loss) from discontinued operations
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Net income (loss)
(12,620
)
 
(2,377
)
 
(2,445
)
 
(2,675
)
 
(3,743
)
 
(3,334
)
 
(2,324
)
 
(4,263
)
Preferred stock dividends and accretion
(435
)
 
(440
)
 
(445
)
 
(204
)
 
—

 
—

 
—

 
—

Net loss attributable to common shareholders
$
(13,055
)
 
$
(2,817
)
 
$
(2,890
)
 
$
(2,879
)
 
$
(3,743
)
 
$
(3,334
)
 
$
(2,324
)
 
$
(4,263
)
Net loss per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loss from continuing operations per common share, basic and diluted
$
(4.48
)
 
$
(0.80
)
 
$
(0.80
)
 
$
(0.30
)
 
$
(0.25
)
 
$
(0.22
)
 
$
(0.16
)
 
$
(0.28
)
(1) includes stock-based compensation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(2) Includes depreciation and amortization