UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2017 |
Sep. 30, 2016 |
Sep. 30, 2017 |
Sep. 30, 2016 |
|
| Net revenues: | ||||
| Subscription and support revenues | $ 11,983 | $ 14,388 | $ 38,133 | $ 44,183 |
| Embedded devices and hardware | 3,320 | 3,024 | 7,535 | 8,886 |
| Total net revenues | 15,303 | 17,412 | 45,668 | 53,069 |
| Cost of sales | ||||
| Subscription and support revenues | 5,087 | 5,828 | 15,915 | 17,242 |
| Embedded devices and hardware | 3,458 | 3,082 | 7,748 | 9,027 |
| Inventory reserves | 1,301 | 27 | 1,355 | 514 |
| Gross profit | 5,457 | 8,475 | 20,650 | 26,286 |
| Operating expenses: | ||||
| Sales and marketing | 2,183 | 3,229 | 8,019 | 9,444 |
| General and administrative | 2,314 | 3,280 | 7,691 | 11,269 |
| Engineering and development | 1,341 | 2,229 | 5,260 | 6,920 |
| Depreciation and amortization | 1,426 | 1,658 | 4,392 | 4,992 |
| Impairment of goodwill and other intangible assets | 4,172 | |||
| Restructuring charges | 655 | 276 | 1,435 | 1,520 |
| Operating loss | (2,462) | (2,197) | (6,147) | (12,031) |
| Interest expense | 919 | 469 | 2,282 | 1,196 |
| Loss on extinguishment of debt | 1,089 | 290 | ||
| Other (income) expense, net | (34) | (33) | 767 | (99) |
| Loss before income taxes | (3,347) | (2,633) | (10,285) | (13,418) |
| Income tax expense (benefit) | 79 | (87) | 244 | (257) |
| Net loss | (3,426) | (2,546) | (10,529) | (13,161) |
| Other items of comprehensive (loss) income, net of income taxes: | ||||
| Foreign currency translation adjustment | 1 | (6) | 12 | |
| Comprehensive loss | $ (3,426) | $ (2,545) | $ (10,535) | $ (13,149) |
| Loss per share: | ||||
| Basic (in dollars per share) | $ (0.17) | $ (0.13) | $ (0.54) | $ (0.68) |
| Diluted | $ (0.17) | $ (0.13) | $ (0.54) | $ (0.68) |
| Weighted average shares outstanding used in per share calculation | ||||
| Basic (in shares) | 19,646 | 19,542 | 19,575 | 19,456 |
| Diluted (in shares) | 19,646 | 19,542 | 19,575 | 19,456 |