Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.3.1.900
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]      
NET REVENUE $ 99,802 $ 87,069 $ 66,467
Cost of revenue 56,046 46,355 34,730
GROSS MARGIN 43,756 40,714 31,737
Operating expenses:      
General and administrative 33,631 23,808 17,397
Research and development 4,198 2,689 2,440
Sales and marketing 11,562 11,999 8,726
Total operating expenses 49,391 38,496 28,563
INCOME (LOSS) FROM OPERATIONS (5,635) 2,218 3,174
Interest expense, net 854 985 989
Other (income) expense (2,000) (56)  
Income (loss) before taxes (4,489) 1,289 2,185
Income tax (benefit) expense (1,954) 157 152
NET INCOME (LOSS) (2,535) 1,132 2,033
Deemed dividends on preferred stock 40    
Amortization of preferred stock beneficial conversion feature 82    
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (2,657) $ 1,132 $ 2,033
NET EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS      
Basic $ (0.04) $ 0.02 $ 0.04
Diluted $ (0.04) $ 0.02 $ 0.04
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:      
Basic 60,526 53,483 48,263
Diluted 60,526 56,016 52,775