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Quarterly Financial Data
12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data

11. Quarterly Financial Data (Unaudited)

The following financial information reflects all normal recurring adjustments, which are, in the opinion of management, necessary for a fair statement of the results of the interim periods. Summarized quarterly data for fiscal 2013 and 2012 are as follows (in thousands, except per share data):

 

     Year ended December 31, 2013   
     1st Quarter        2nd Quarter        3rd Quarter        4th Quarter   

Selected quarterly financial data:

        

Revenues

   $ 11,602      $ 10,484      $ 8,746      $ 11,843   

Gross profit

   $ 9,158      $ 8,083      $ 6,254      $ 9,473   

Operating (loss)

   $ (6,101   $ (7,248   $ (12,980   $ (1,501

Net (loss)

   $ (6,158   $ (7,244   $ (13,049   $ (1,502
        

Net (loss) per share, basic (1)

   $ (0.17   $ (0.19   $ (0.35   $ (0.04
        

Weighted average shares outstanding, basic

     36,614        37,247        37,036        37,027   
        

Net (loss) per share, diluted (1)

   $ (0.17   $ (0.19   $ (0.35   $ (0.04
        

Weighted average shares outstanding, diluted

     36,614        37,247        37,036        37,027   
        
     Year ended December 31, 2012   
     1st Quarter        2nd Quarter        3rd Quarter        4th Quarter   

Selected quarterly financial data:

        

Revenues

   $ 10,114      $ 10,171      $ 11,012      $ 12,032   

Gross profit

   $ 7,919      $ 8,375      $ 8,892      $ 9,695   

Operating (loss)

   $ (9,615   $ (6,824   $ (6,007   $ (4,555

Net (loss)

   $ (9,682   $ (6,825   $ (4,813   $ (4,143
        

Net (loss) per share, basic (1)

   $ (0.27   $ (0.19   $ (0.13   $ (0.12
        

Weighted average shares outstanding, basic

     35,590        36,045        35,879        35,882   
        

Net (loss) per share, diluted (1)

   $ (0.27   $ (0.19   $ (0.13   $ (0.12
        

Weighted average shares outstanding, diluted

     35,590        36,045        35,879        35,882   

 

(1)

Basic and diluted net (loss) per share is computed independently for each of the quarters presented. Therefore, the sum of the quarterly per share amounts will not necessarily equal the total for the year.