| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Sales | ||||||
55,739 | 60,625 | 49,521 | 43,433 | - | - | |
Sales | ||||||
- | - | - | - | 27,793 | 25,509 | |
Cost of goods sold | ||||||
30,415 | 34,114 | 26,219 | 24,156 | 16,148 | 14,132 | |
Gross profit | ||||||
25,324 | 26,511 | 23,302 | 19,277 | 11,644 | 11,377 | |
Operating expenses: | ||||||
Research and development | ||||||
8,989 | 9,319 | 7,319 | 5,622 | 4,257 | 3,311 | |
Sales and marketing | ||||||
7,036 | 11,033 | 7,013 | 5,670 | 4,035 | 3,516 | |
General and administrative | ||||||
8,919 | 9,545 | 8,001 | 4,532 | 3,453 | 2,972 | |
IPO costs | ||||||
- | - | - | - | 229 | 726 | |
Total operating expenses | ||||||
24,944 | 29,897 | 22,333 | 15,824 | 11,975 | 10,526 | |
Income (loss) from operations | ||||||
380 | -3,386 | 969 | 3,452 | -330 | 850 | |
Other expense (income): | ||||||
Interest income | ||||||
714 | 584 | 297 | 7 | - | - | |
Interest expense | ||||||
5 | 31 | 99 | 178 | 39 | 42 | |
Fair market value adjustment - warrants | ||||||
- | - | - | -460 | -85 | -2,747 | |
Gain on deferred purchase price liability | ||||||
- | 389 | - | - | - | - | |
Loss on disposal of fixed assets | ||||||
- | -39 | - | - | - | - | |
Exercise and expiration of warrants | ||||||
- | - | - | - | 15 | 38 | |
Total other income | ||||||
709 | 903 | 198 | 289 | 60 | 2,743 | |
Income (loss) before income taxes | ||||||
1,089 | -2,483 | 1,167 | 3,741 | -269 | 3,594 | |
Provision for income taxes | ||||||
163 | 101 | 26 | 8 | 0 | 6 | |
Net income (loss) | ||||||
926 | -2,584 | 1,141 | 3,733 | -270 | 3,588 | |
Accretion of dividends on preferred convertible stock | ||||||
- | - | - | 1,537 | 2,444 | 2,431 | |
Net income (loss) attributable to common stockholders | ||||||
- | - | - | 2,196 | -2,715 | 1,156 | |
Net income (loss) per share: | ||||||
Basic | ||||||
0.10 | -0.27 | 0.12 | 0.65 | -4.17 | 2.08 | |
Diluted | ||||||
0.09 | -0.27 | 0.11 | 0.40 | -4.30 | -2.86 | |
Weighted average shares used in calculating income (loss) per share: | ||||||
Basic | ||||||
9,684 | 9,521 | 9,485 | 3,373 | 651 | 555 | |
Diluted | ||||||
10,097 | 9,521 | 10,361 | 4,667 | 651 | 555 | |