XML 20 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statement of Operations - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenue:                      
Subscription and support $ 14,719 $ 14,129 $ 14,023 $ 14,322 $ 12,715 $ 12,368 $ 11,805 $ 11,737 $ 57,193 $ 48,625 $ 30,887
Perpetual license 608 540 846 811 840 850 657 440 2,805 2,787 2,003
Total product revenue 15,327 14,669 14,869 15,133 13,555 13,218 12,462 12,177 59,998 51,412 32,890
Professional services 2,273 2,436 2,809 2,395 2,920 3,057 3,749 3,436 9,913 13,162 8,303
Total revenue 17,600 17,105 17,678 17,528 16,475 16,275 16,211 15,613 69,911 64,574 41,193
Cost of revenue:                      
Subscription and support 5,242 4,771 4,841 4,732 3,950 3,488 3,346 3,258 19,586 14,042 7,787
Professional services 1,768 1,677 1,732 1,908 2,037 2,305 2,340 2,397 7,085 9,079 5,680
Total cost of revenue 7,010 6,448 6,573 6,640 5,987 5,793 5,686 5,655 26,671 23,121 13,467
Gross profit 10,590 10,657 11,105 10,888 10,488 10,482 10,525 9,958 43,240 41,453 27,726
Operating expenses:                      
Sales and marketing 3,058 2,929 3,446 3,532 3,752 3,767 4,015 3,136 12,965 14,670 10,625
Research and development 3,848 3,852 4,152 3,926 3,979 3,793 3,494 14,899 15,778 26,165 10,340
Refundable Canadian tax credits (112) (115) (122) (121) (682) (138) (138) (136) (470) (1,094) (583)
General and administrative 3,874 4,494 4,714 5,119 4,330 3,555 3,053 2,623 18,201 13,561 6,832
Depreciation and amortization 1,327 1,130 1,063 1,014 1,122 1,067 1,066 1,055 4,534 4,310 3,670
Acquisition-related expenses 1,374 176 360 545 1,557 108 231 290 2,455 2,186 1,461
Total operating expenses 13,369 12,466 13,613 14,015 14,058 12,152 11,721 21,867 53,463 59,798 32,345
Loss from operations (2,779) (1,809) (2,508) (3,127) (3,570) (1,670) (1,196) (11,909) (10,223) (18,345) (4,619)
Other expense:                      
Interest expense, net (473) (462) (576) (347) (720) (397) (419) (415) (1,858) (1,951) (2,797)
Other income (expense), net (157) 137 (12) (512) 409 60 (482) 114 (544) 101 (431)
Total other expense (630) (325) (588) (859) (311) (337) (901) (301) (2,402) (1,850) (3,228)
Loss before provision for income taxes (3,409) (2,134) (3,096) (3,986) (3,881) (2,007) (2,097) (12,210) (12,625) (20,195) (7,847)
Provision for income taxes (854) (190) (238) 243 1,206 (438) (280) (410) (1,039) 78 (708)
Loss from continuing operations (4,263) (2,324) (3,334) (3,743) (2,675) (2,445) (2,377) (12,620) (13,664) (20,117) (8,555)
Income (loss) from discontinued operations, net of tax of $0, $0, and $642 for 2015, 2014, and 2013, respectively 0 0 0 0 0 0 0 0 0 0 (642)
Net loss (4,263) (2,324) (3,334) (3,743) (2,675) (2,445) (2,377) (12,620) (13,664) (20,117) (9,197)
Preferred stock dividends and accretion 0 0 0 0 (204) (445) (440) (435) 0 (1,524) (98)
Net loss attributable to common shareholders $ (4,263) $ (2,324) $ (3,334) $ (3,743) $ (2,879) $ (2,890) $ (2,817) $ (13,055) $ (13,664) $ (21,641) $ (9,295)
Net loss per common share:                      
Loss from continuing operations per common share, basic and diluted (in USD per share)                 $ (0.91) $ (4.43) $ (7.23)
Income (loss) from discontinued operations per common share, basic and diluted (in USD per share)                 0.00 0.00 (0.54)
Net loss per common share, basic and diluted (in USD per share) $ (0.28) $ (0.16) $ (0.22) $ (0.25) $ (0.30) $ (0.80) $ (0.80) $ (4.48) $ (0.91) $ (4.43) $ (7.77)
Weighted-average common shares outstanding, basic and diluted                 14,939,601 4,889,901 1,196,668