|
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
|
3 Months Ended |
9 Months Ended |
|
Sep. 30, 2012
|
Sep. 30, 2011
|
Sep. 30, 2012
|
Sep. 30, 2011
|
| Condensed Consolidated Statements of Operations |
|
|
|
|
| REVENUE |
$ 28,326 |
$ 23,954 |
$ 89,803 |
$ 62,115 |
| COSTS AND OPERATING EXPENSES: |
|
|
|
|
| Cost of revenue (exclusive of depreciation shown separately below) |
15,792 |
12,814 |
49,432 |
32,872 |
| Research and development (exclusive of depreciation shown separately below) |
6,218 |
4,950 |
18,629 |
14,270 |
| Sales and marketing |
2,000 |
2,127 |
6,776 |
5,811 |
| General and administrative (exclusive of depreciation shown separately below) |
2,676 |
1,824 |
8,384 |
4,887 |
| Depreciation |
981 |
673 |
2,696 |
1,950 |
| Total costs and operating expenses |
27,667 |
22,388 |
85,917 |
59,790 |
| INCOME FROM OPERATIONS |
659 |
1,566 |
3,886 |
2,325 |
| OTHER INCOME (EXPENSE) |
25 |
(19) |
7 |
(18) |
| INTEREST EXPENSE |
(72) |
(13) |
(208) |
(64) |
| INCOME BEFORE INCOME TAXES |
612 |
1,534 |
3,685 |
2,243 |
| PROVISION (BENEFIT) FOR INCOME TAXES |
(40) |
49 |
660 |
55 |
| NET INCOME |
652 |
1,485 |
3,025 |
2,188 |
| UNDISTRIBUTED EARNINGS ALLOCATED TO PREFERRED STOCKHOLDERS |
|
1,292 |
|
1,903 |
| NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS |
$ 652 |
$ 193 |
$ 3,025 |
$ 285 |
| NET INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS: |
|
|
|
|
| Basic |
$ 0.02 |
$ 0.08 |
$ 0.13 |
$ 0.14 |
| Diluted |
$ 0.02 |
$ 0.07 |
$ 0.11 |
$ 0.10 |
| WEIGHTED AVERAGE SHARES USED TO COMPUTE NET INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS: |
|
|
|
|
| Basic |
27,329,106 |
2,318,666 |
23,728,120 |
2,006,739 |
| Diluted |
30,010,359 |
21,911,929 |
28,765,152 |
22,433,359 |