|
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
|
3 Months Ended |
6 Months Ended |
|
Jun. 30, 2012
|
Jun. 30, 2011
|
Jun. 30, 2012
|
Jun. 30, 2011
|
| Condensed Consolidated Statements of Operations |
|
|
|
|
| INTEREST EXPENSE |
$ (89) |
$ (19) |
$ (136) |
$ (51) |
| REVENUE |
30,807 |
19,467 |
61,477 |
38,161 |
| COSTS AND OPERATING EXPENSES: |
|
|
|
|
| Cost of revenue (exclusive of depreciation shown separately below) |
16,876 |
10,078 |
33,640 |
20,058 |
| Research and development (exclusive of depreciation shown separately below) |
6,123 |
4,718 |
12,411 |
9,320 |
| Sales and marketing |
2,399 |
1,888 |
4,776 |
3,684 |
| General and administrative (exclusive of depreciation shown separately below) |
2,868 |
1,512 |
5,708 |
3,063 |
| Depreciation |
934 |
657 |
1,715 |
1,277 |
| Total costs and operating expenses |
29,200 |
18,853 |
58,250 |
37,402 |
| INCOME FROM OPERATIONS |
1,607 |
614 |
3,227 |
759 |
| OTHER INCOME (EXPENSE) |
(18) |
|
(18) |
1 |
| INCOME BEFORE INCOME TAXES |
1,500 |
595 |
3,073 |
709 |
| PROVISION FOR INCOME TAXES |
301 |
3 |
700 |
6 |
| NET INCOME |
1,199 |
592 |
2,373 |
703 |
| UNDISTRIBUTED EARNINGS ALLOCATED TO PREFERRED STOCKHOLDERS |
|
541 |
|
642 |
| NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS |
$ 1,199 |
$ 51 |
$ 2,373 |
$ 61 |
| NET INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS: |
|
|
|
|
| Basic |
$ 0.04 |
$ 0.03 |
$ 0.11 |
$ 0.03 |
| Diluted |
$ 0.04 |
$ 0.03 |
$ 0.08 |
$ 0.03 |
| WEIGHTED AVERAGE SHARES USED TO COMPUTE NET INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS: |
|
|
|
|
| Basic |
27,212,105 |
1,974,991 |
21,907,842 |
1,952,574 |
| Diluted |
29,592,108 |
22,453,808 |
28,261,882 |
22,387,822 |