|
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
|
12 Months Ended |
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
| CONSOLIDATED STATEMENTS OF OPERATIONS |
|
|
|
| Revenue |
$ 128,511 |
$ 109,512 |
$ 93,376 |
| Cost of revenue |
64,234 |
57,225 |
50,534 |
| Cost of revenue - inventory purchase commitment |
(380) |
1,840 |
|
| Gross margin |
64,657 |
50,447 |
42,842 |
| Operating expenses: |
|
|
|
| Research and development |
24,979 |
20,310 |
19,211 |
| Sales and marketing |
21,975 |
20,182 |
17,546 |
| General and administrative |
12,329 |
10,150 |
9,805 |
| Litigation settlement |
440 |
2,869 |
|
| Total operating expenses |
59,723 |
53,511 |
46,562 |
| Income (loss) from operations |
4,934 |
(3,064) |
(3,720) |
| Other income (expense): |
|
|
|
| Interest income |
16 |
13 |
4 |
| Interest expense |
(470) |
(277) |
(396) |
| Other income (expense) |
(729) |
(254) |
227 |
| Total other income (expense) |
(1,183) |
(518) |
(165) |
| Income (loss) before income taxes |
3,751 |
(3,582) |
(3,885) |
| Income tax expense |
(248) |
(141) |
|
| Net income (loss) |
$ 3,503 |
$ (3,723) |
$ (3,885) |
| Net income (loss) per common share: |
|
|
|
| Basic (in dollars per share) |
$ 0.33 |
$ (1.58) |
$ (2.02) |
| Diluted (in dollars per share) |
$ 0.16 |
$ (1.58) |
$ (2.02) |
| Weighted-average number of shares: |
|
|
|
| Basic (in shares) |
10,609 |
2,360 |
1,923 |
| Diluted (in shares) |
22,263 |
2,360 |
1,923 |