|
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||
| Revenue | $ 33,641 | $ 28,605 | $ 92,755 | $ 78,847 |
| Cost of revenue | 16,592 | 14,918 | 46,129 | 41,710 |
| Cost of revenue - inventory purchase commitment | 1,840 | (180) | 1,840 | |
| Gross margin | 17,049 | 11,847 | 46,806 | 35,297 |
| Operating expenses: | ||||
| Research and development | 6,409 | 5,158 | 18,670 | 15,119 |
| Sales and marketing | 5,596 | 5,333 | 16,597 | 15,479 |
| General and administrative | 2,847 | 2,471 | 8,623 | 7,666 |
| Litigation settlement | 200 | 2,869 | 440 | 2,869 |
| Total operating expenses | 15,052 | 15,831 | 44,330 | 41,133 |
| Income (loss) from operations | 1,997 | (3,984) | 2,476 | (5,836) |
| Other income (expense): | ||||
| Interest income | 4 | 2 | 8 | 11 |
| Interest expense | (209) | (65) | (420) | (209) |
| Other income (expense) | 42 | (45) | (699) | (222) |
| Total other income (expense) | (163) | (108) | (1,111) | (420) |
| Income (loss) before income taxes | 1,834 | (4,092) | 1,365 | (6,256) |
| Income tax expense | (103) | 0 | (132) | 0 |
| Net income (loss) | $ 1,731 | $ (4,092) | $ 1,233 | $ (6,256) |
| Net income (loss) per common share: | ||||
| Basic (in dollars per share) | $ 0.12 | $ (1.73) | $ 0.19 | $ (2.69) |
| Diluted (in dollars per share) | $ 0.07 | $ (1.73) | $ 0.06 | $ (2.69) |
| Weighted-average number of shares: | ||||
| Basic (in shares) | 14,389 | 2,363 | 6,511 | 2,324 |
| Diluted (in shares) | 23,556 | 2,363 | 21,206 | 2,324 |