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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited) Quarterly Financial Data (Unaudited)
The following tables set forth the Company's quarterly consolidated statements of operations data for each of the eight quarters in the two-year period ended December 31, 2019. The Company has prepared the quarterly unaudited consolidated statements of operations data on a basis consistent with the audited consolidated financial statements included elsewhere in this Annual Report on Form 10-K. In the opinion of management, the financial information in these tables reflects all adjustments, consisting only of normal recurring adjustments, which management considers necessary for a fair statement of this data. This information should be read in conjunction with the audited consolidated financial statements and related notes included elsewhere in this Annual Report on Form 10-K. The results of historical periods are not necessarily indicative of the results for any future period.
 
Three Months Ended
 
Mar. 31, 2018
 
June 30, 2018
 
Sept. 30, 2018
 
Dec. 31, 2018
 
Mar. 31, 2019
 
June 30, 2019
 
Sept. 30, 2019
 
Dec. 31, 2019
 
(in thousands, except per share amounts)
Revenue
$
24,876

 
$
28,648

 
$
29,729

 
$
41,432

 
$
32,416

 
$
37,870

 
$
37,642

 
$
48,486

Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of revenue
14,783

 
15,044

 
14,687

 
15,489

 
15,116

 
15,085

 
13,869

 
13,321

Sales and marketing
12,257

 
11,135

 
10,654

 
10,510

 
10,592

 
11,519

 
11,040

 
11,414

Technology and development
10,494

 
9,245

 
9,299

 
8,825

 
9,716

 
9,839

 
10,293

 
10,421

General and administrative
12,544

 
11,441

 
9,355

 
9,091

 
10,280

 
10,027

 
9,121

 
12,344

Restructuring and other exit costs
2,466

 
974

 

 

 

 

 

 

Total expenses
52,544


47,839


43,995


43,915


45,704


46,470


44,323


47,500

Income (loss) from operations
(27,668
)

(19,191
)

(14,266
)

(2,483
)

(13,288
)

(8,600
)

(6,681
)

986

Other (income) expense, net
73

 
(1,281
)
 
(558
)
 
(377
)
 
(34
)
 
(403
)
 
(562
)
 
406

Income (loss) before income taxes
(27,741
)

(17,910
)

(13,708
)

(2,106
)

(13,254
)

(8,197
)

(6,119
)

580

Provision (benefit) for income taxes
75

 
74

 
84

 
124

 
(708
)
 
84

 
55

 
(943
)
Net income (loss)
$
(27,816
)

$
(17,984
)

$
(13,792
)

$
(2,230
)

$
(12,546
)

$
(8,281
)

$
(6,174
)

$
1,523

Net income (loss) per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
$
(0.56
)
 
$
(0.36
)
 
$
(0.27
)
 
$
(0.04
)
 
$
(0.24
)
 
$
(0.16
)
 
$
(0.12
)
 
$
0.03

Diluted
$
(0.56
)
 
$
(0.36
)
 
$
(0.27
)
 
$
(0.04
)
 
$
(0.24
)
 
$
(0.16
)
 
$
(0.12
)
 
$
0.03

Weighted-average shares used to compute net income (loss) per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
49,692

 
50,071

 
50,513

 
50,746

 
51,577

 
52,358

 
53,023

 
53,473

Diluted
49,692

 
50,071

 
50,513

 
50,746

 
51,577

 
52,358

 
53,023

 
59,595