XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue:        
Subscription and support $ 16,220 $ 14,023 $ 31,461 $ 28,345
Perpetual license 458 846 776 1,657
Total product revenue 16,678 14,869 32,237 30,002
Professional services 1,892 2,809 3,915 5,204
Total revenue 18,570 17,678 36,152 35,206
Cost of revenue:        
Subscription and support 5,634 4,841 10,860 9,573
Professional services 1,106 1,732 2,730 3,640
Total cost of revenue 6,740 6,573 13,590 13,213
Gross profit 11,830 11,105 22,562 21,993
Operating expenses:        
Sales and marketing 2,953 3,446 6,022 6,978
Research and development 4,054 4,152 7,964 8,078
Refundable Canadian tax credits (116) (122) (225) (243)
General and administrative 4,547 4,714 8,670 9,833
Depreciation and amortization 1,476 1,063 2,948 2,077
Acquisition-related expenses 1,380 360 3,808 905
Total operating expenses 14,294 13,613 29,187 27,628
Loss from operations (2,464) (2,508) (6,625) (5,635)
Interest expense, net (662) (576) (1,223) (923)
Other expense, net (293) (12) (1,041) (524)
Total other expense (955) (588) (2,264) (1,447)
Loss before provision for income taxes (3,419) (3,096) (8,889) (7,082)
(Provision for) benefit from income taxes (158) (238) (261) 5
Net loss (3,577) (3,334) (9,150) (7,077)
Net loss attributable to common shareholders $ (3,577) $ (3,334) $ (9,150) $ (7,077)
Net loss per common share:        
Net loss per common share, basic and diluted (in USD per share) $ (0.22) $ (0.22) $ (0.58) $ (0.48)
Weighted-average common shares outstanding, basic and diluted 16,269,808 14,867,947 15,851,106 14,854,139