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Quarterly Results of Operations (Unaudited)
 12 Months Ended
Jan. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations (Unaudited)

15. Quarterly Results of Operations (Unaudited)

The following table sets forth the Company’s unaudited operating results for each of the eight quarters in the two-year period ended January 31, 2017. The information is derived from the Company’s unaudited financial statements. In the opinion of management, the Company’s unaudited financial statements include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation thereof. The financial information presented for the interim periods has been prepared in a manner consistent with the Company’s accounting policies described in Note 2 and should be read in conjunction therewith. Operating results for interim periods are not necessarily indicative of the results that may be expected for a full-year period or any future period.

 

 

 

Fiscal Year 2017 Quarter Ended

 

 

Fiscal Year 2016 Quarter Ended

 

 

 

April 30,

2016

 

 

July 31,

2016

 

 

October 31,

2016

 

 

January 31,

2017

 

 

April 30,

2015

 

 

July 31,

2015

 

 

October 31,

2015

 

 

January 31,

2016

 

License revenue

 

$

14,059

 

 

$

14,810

 

 

$

15,967

 

 

$

16,001

 

 

$

12,242

 

 

$

12,977

 

 

$

13,966

 

 

$

14,314

 

Project revenue

 

 

2,726

 

 

 

2,302

 

 

 

3,191

 

 

 

3,524

 

 

 

2,526

 

 

 

2,478

 

 

 

2,998

 

 

 

3,946

 

Total revenues

 

 

16,785

 

 

 

17,112

 

 

 

19,158

 

 

 

19,525

 

 

 

14,768

 

 

 

15,455

 

 

 

16,964

 

 

 

18,260

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenues

 

 

4,804

 

 

 

4,632

 

 

 

4,904

 

 

 

5,087

 

 

 

4,643

 

 

 

4,755

 

 

 

5,118

 

 

 

5,601

 

Sales and marketing

 

 

3,331

 

 

 

3,392

 

 

 

3,357

 

 

 

3,776

 

 

 

2,488

 

 

 

2,440

 

 

 

2,336

 

 

 

2,886

 

Research and development

 

 

6,211

 

 

 

6,023

 

 

 

6,234

 

 

 

5,851

 

 

 

6,170

 

 

 

5,952

 

 

 

6,143

 

 

 

5,875

 

General and administrative

 

 

3,449

 

 

 

3,457

 

 

 

3,952

 

 

 

3,724

 

 

 

3,267

 

 

 

3,126

 

 

 

3,456

 

 

 

3,917

 

Total operating expenses

 

 

17,795

 

 

 

17,504

 

 

 

18,447

 

 

 

18,438

 

 

 

16,568

 

 

 

16,273

 

 

 

17,053

 

 

 

18,279

 

(Loss) income from operations

 

 

(1,010

)

 

 

(392

)

 

 

711

 

 

 

1,087

 

 

 

(1,800

)

 

 

(818

)

 

 

(89

)

 

 

(19

)

Other (expense) income, net:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange gain (loss)

 

 

215

 

 

 

(22

)

 

 

(99

)

 

 

72

 

 

 

(52

)

 

 

(171

)

 

 

51

 

 

 

(150

)

Interest expense, net

 

 

(37

)

 

 

(28

)

 

 

(18

)

 

 

(13

)

 

 

(62

)

 

 

(52

)

 

 

(57

)

 

 

(53

)

Other income, net

 

 

9

 

 

 

3

 

 

 

(3

)

 

 

4

 

 

 

—

 

 

 

—

 

 

 

6

 

 

 

1

 

Total other income (expense), net

 

 

187

 

 

 

(47

)

 

 

(120

)

 

 

63

 

 

 

(114

)

 

 

(223

)

 

 

—

 

 

 

(202

)

(Loss) income before income taxes

 

 

(823

)

 

 

(439

)

 

 

591

 

 

 

1,150

 

 

 

(1,914

)

 

 

(1,041

)

 

 

(89

)

 

 

(221

)

(Provision) benefit for income taxes

 

 

(120

)

 

 

(239

)

 

 

(436

)

 

 

(816

)

 

 

26

 

 

 

(154

)

 

 

(344

)

 

 

(1,070

)

Net (loss) income

 

$

(943

)

 

$

(678

)

 

$

155

 

 

$

334

 

 

$

(1,888

)

 

$

(1,195

)

 

$

(433

)

 

$

(1,291

)

Basic (loss) income per share

 

$

(0.06

)

 

$

(0.05

)

 

$

0.01

 

 

$

0.02

 

 

$

(0.13

)

 

$

(0.08

)

 

$

(0.03

)

 

$

(0.09

)

Diluted (loss) income per share

 

$

(0.06

)

 

$

(0.05

)

 

$

0.01

 

 

$

0.02

 

 

$

(0.13

)

 

$

(0.08

)

 

$

(0.03

)

 

$

(0.09

)