| Schedule of disaggregation of revenue |
The following table summarizes revenue from contracts with customers for the three months ended March 31, 2018 and 2017:
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Three Months Ended March 31,
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2018
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2017
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(Unaudited)
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Subscription and support revenue
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|
$
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32,095
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|
$
|
27,434
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|
Cloud-based subscription revenue
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|
11,692
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|
|
3,969
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Perpetual license revenue
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|
1,604
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|
|
1,602
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Services revenue
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|
|
3,043
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|
|
2,940
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|
Total revenue
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$
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48,434
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|
$
|
35,945
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The following table summarizes the revenue by region based on the billing address of customers who have contracted to use our products or services for the three months ended March 31, 2018 and 2017:
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Three Months Ended March 31,
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2018
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2017
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United States
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$
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40,493
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$
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31,730
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All other
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|
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7,941
|
|
$
|
4,215
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|
Total revenue
|
|
$
|
48,434
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|
$
|
35,945
|
|
| Schedule of changes in financial statements due to adoption of ASC 606 |
Select unaudited consolidated balance sheet line items, which reflect the adoption of ASC 606 are as follows:
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As of December 31, 2017
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Adjustments for
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As Previously
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ASC 606
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Reported
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Adoption
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As Adjusted
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Balance Sheet:
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Assets
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Deferred commissions, current portion
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$
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15,195
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|
$
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(5,644)
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$
|
9,551
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Deferred commissions, net of current portion
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|
3,811
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16,593
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20,404
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Liabilities, redeemable convertible and convertible preferred stock and stockholders' equity (deficit)
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Deferred revenue, current portion
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$
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132,278
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|
$
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(2,113)
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$
|
130,165
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Deferred revenue, net of current portion
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|
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31,902
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|
|
6,633
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|
38,535
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Accumulated deficit
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$
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(279,942)
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|
$
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6,429
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$
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(273,513)
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Select unaudited consolidated statement of operations line items, which reflect the adoption of ASC 606 are as follows:
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Three Months Ended March 31, 2017
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Adjustments for
|
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As Prepared
|
|
ASC 606
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under ASC 605
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Adoption
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|
As Adjusted
|
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Consolidated Statement of Operations
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Subscription, license and support
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|
$
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33,739
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|
$
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(734)
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$
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33,005
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Services
|
|
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3,023
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(83)
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|
|
2,940
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Total revenue
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|
|
36,762
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|
|
(817)
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|
|
35,945
|
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Gross profit
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29,161
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(817)
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|
28,344
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Sales and marketing
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25,297
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(938)
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|
24,359
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Total operating expenses
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41,773
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(938)
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|
|
40,835
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Loss from operations
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(12,612)
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|
|
121
|
|
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(12,491)
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Loss before income taxes
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(12,543)
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|
121
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(12,422)
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Net loss and comprehensive loss
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$
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(12,560)
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|
$
|
121
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$
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(12,439)
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Select unaudited consolidated statement of cash flow line items, which reflect the adoption of ASC 606 are as follows:
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|
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|
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Three Months Ended March 31, 2017
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|
|
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|
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Adjustments for
|
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|
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|
As Prepared
|
|
ASC 606
|
|
|
|
|
|
|
under ASC 605
|
|
Adoption
|
|
As Adjusted
|
|
Consolidated Statement of Cash Flows
|
|
|
|
|
|
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|
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Cash flows from operating activities:
|
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|
|
|
|
|
|
|
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Net loss
|
|
$
|
(12,560)
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|
$
|
121
|
|
$
|
(12,439)
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|
Changes in operating assets and liabilities, excluding the impact of acquisition of businesses:
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|
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|
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Deferred commissions
|
|
|
784
|
|
|
(938)
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|
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(154)
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Deferred revenue
|
|
$
|
(5,413)
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|
$
|
817
|
|
$
|
(4,596)
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|