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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue $ 6,604 $ 5,293 $ 19,075 $ 14,286
Cost of revenue 2,084 1,606 5,690 4,507
Gross profit 4,520 3,687 13,385 9,779
Operating expenses        
Research and development 1,309 312 2,420 983
Sales and marketing 1,259 725 3,035 1,978
General and administrative 2,258 1,455 6,579 4,199
Acquisition costs 291 538
Total operating expenses 5,117 2,492 12,572 7,160
Operating income (loss) (597) 1,195 813 2,619
Other income (expenses), net        
Interest income 110 80 417 121
Interest expense (1) (1) (5) (4)
Loss on Disposal of Assets (13) (13)
Loss from equity-method investment in SAVSU (291) (43) (739) (363)
Gain on Acquisition of SAVSU 10,108 10,108
Total other income (expenses), net 9,913 36 9,768 (246)
Income before provision for income taxes 9,316 1,231 10,581 2,373
Income taxes
Net income 9,316 1,231 10,581 2,373
Less: Preferred stock dividends (80) (279)
Net income attributable to common stockholders $ 9,316 $ 1,151 $ 10,581 $ 2,094
Basic net income per common share (in dollars per share) $ 0.47 $ 0.07 $ 0.55 $ 0.13
Diluted net income per common share (in dollars per share) $ 0.37 $ 0.05 $ 0.43 $ 0.10
Basic shares used to compute earnings per share (in shares) 19,735,364 17,273,412 19,071,722 15,529,026
Diluted shares used to compute earnings per share (in shares) 25,343,112 23,656,633 24,705,424 21,051,219