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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue:        
Revenue $ 74,270 $ 54,418 $ 211,484 $ 146,960
Cost of revenue, exclusive of depreciation and amortization shown below:        
Cost of revenue, exclusive of depreciation and amortization 46,441 35,058 133,265 99,132
Operating expenses:        
Research and development 5,902 3,380 16,649 8,515
Sales and marketing 6,884 2,669 18,605 6,985
General and administrative 12,155 7,824 38,781 20,229
Change in fair value of acquisition-related contingent consideration expense (income) 1,510 (8,419) 4,516 40,385
Depreciation and amortization 9,142 4,096 24,519 12,110
Total operating expenses 35,593 9,550 103,070 88,224
(Loss) income from operations (7,764) 9,810 (24,851) (40,396)
Interest expense, net 4,441 232 11,442 415
(Loss) income before income taxes (12,205) 9,578 (36,293) (40,811)
Income tax benefit (4,101) (838) (10,681) (4,107)
Net (loss) income $ (8,104) $ 10,416 $ (25,612) $ (36,704)
Net (loss) income per share:        
Basic (in dollars per share) $ (0.39) $ 0.54 $ (1.25) $ (1.93)
Diluted (in dollars per share) $ (0.39) $ 0.47 $ (1.25) $ (1.93)
Weighted average common shares outstanding:        
Basic (in shares) 20,691,112 19,217,623 20,520,357 18,989,334
Diluted (in shares) 20,691,112 22,288,873 20,520,357 18,989,334
Product        
Revenue:        
Revenue $ 34,966 $ 28,045 $ 99,320 $ 82,603
Cost of revenue, exclusive of depreciation and amortization shown below:        
Cost of revenue, exclusive of depreciation and amortization 25,931 21,100 74,267 62,007
Service        
Revenue:        
Revenue 39,304 26,373 112,164 64,357
Cost of revenue, exclusive of depreciation and amortization shown below:        
Cost of revenue, exclusive of depreciation and amortization $ 20,510 $ 13,958 $ 58,998 $ 37,125