| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||||||||
Net income (loss) | ||||||||||||
-1,058 | -1,956 | -1,014 | 3,472 | 1,992 | -1,290 | 2,510 | 10,512 | 6,191 | -599 | 1,634 | 1,947 | 2,989 |
Adjustments to reconcile net income (loss) to net cash used in operating activities | ||||||||||||
Depreciation and amortization | ||||||||||||
3,298 | 2,910 | 2,307 | 2,112 | 2,209 | 1,715 | 1,426 | 1,296 | 1,387 | 1,440 | 1,451 | 1,445 | 1,376 |
Right-of-use asset amortization | ||||||||||||
1,158 | - | - | - | 919 | - | - | - | - | - | - | - | - |
Accretion of bond discount | ||||||||||||
0 | 0 | 222 | 359 | 119 | 84 | 54 | 20 | 6 | 0 | 0 | 0 | 0 |
Amortization of debt discount and issuance costs | ||||||||||||
1,753 | - | - | - | 122 | - | - | - | - | - | - | - | - |
Amortization of debt issuance costs | ||||||||||||
- | - | - | - | - | 16 | 16 | 16 | 16 | 280 | 32 | 32 | 32 |
Stock-based compensation | ||||||||||||
2,499 | 1,666 | 1,654 | 1,630 | 1,676 | 1,322 | 762 | 762 | 493 | 701 | 612 | 244 | 246 |
Deferred taxes | ||||||||||||
-2,337 | -411 | -2,828 | -6,599 | -7,664 | -1,792 | -2,364 | -9,288 | 2,611 | 2,718 | 994 | 894 | 1,562 |
Loss on disposal of property and equipment | ||||||||||||
-233 | -102 | -3 | -55 | -296 | -164 | -17 | -1 | -9 | -36 | -46 | 0 | -9 |
Changes in operating assets and liabilities: | ||||||||||||
Accounts receivable | ||||||||||||
6,899 | 874 | 2,621 | -1,206 | 3,889 | 229 | 779 | -1,403 | 3,179 | 2,523 | 1,734 | -36 | 166 |
Prepaid expenses and other assets | ||||||||||||
991 | 1,130 | -540 | 2,034 | 1,552 | 804 | 502 | 149 | 471 | 152 | 290 | -52 | 1,232 |
Deferred costs | ||||||||||||
396 | 27 | 1,332 | -686 | -604 | 102 | -120 | -79 | -146 | -2,650 | 2,958 | 197 | 401 |
Accounts payable | ||||||||||||
304 | 1,314 | -74 | 340 | -435 | 609 | 1,597 | -1,719 | -656 | -90 | 658 | -1,334 | -1,663 |
Accrued expenses and other liabilities | ||||||||||||
-4,991 | 778 | 3,112 | 3,313 | -1,729 | 451 | 1,858 | 3,691 | -1,174 | -227 | 3,496 | 1,714 | -3,943 |
Deferred revenue and advanced billings | ||||||||||||
1,105 | -431 | 2,032 | -520 | -527 | 672 | 1,206 | -1,735 | 5,876 | 1,168 | 594 | 589 | 222 |
Operating right-of-use liability | ||||||||||||
-1,285 | - | - | - | -938 | - | - | - | - | - | - | - | - |
Net cash used in operating activities | ||||||||||||
-7,607 | 2,227 | 1,932 | 3,623 | -9,035 | 632 | 6,884 | 5,874 | 11,243 | 4,946 | 4,671 | 5,975 | -969 |
Cash flows from investing activities | ||||||||||||
Purchase of property and equipment | ||||||||||||
3,638 | 9,127 | 5,244 | 6,605 | 1,239 | 7,498 | 1,808 | 2,152 | 961 | 2,866 | 1,032 | 993 | 130 |
Capitalized software development costs | ||||||||||||
790 | 795 | 1,074 | 1,080 | 595 | -1,483 | 1,964 | 1,106 | 441 | 356 | 988 | 921 | 677 |
Proceeds from sale of property and equipment | ||||||||||||
- | - | - | - | - | - | 0 | 3 | 0 | - | 0 | 0 | 3 |
Purchase of marketable securities | ||||||||||||
0 | 0 | 12,428 | 4,943 | 50,990 | 11,376 | 9,865 | 5,497 | 8,498 | 0 | 0 | 0 | 0 |
Proceeds from sales and maturities of marketable securities | ||||||||||||
0 | -1 | 68,468 | 9,000 | 9,000 | - | - | - | - | - | - | - | - |
Net cash used in investing activities | ||||||||||||
-4,428 | -9,923 | 49,722 | -3,628 | -43,824 | -8,394 | -7,637 | -5,752 | -9,900 | -3,225 | -2,020 | -1,911 | -807 |
Cash flows from financing activities | ||||||||||||
Proceeds from the follow-on public offering, net of underwriting discounts | ||||||||||||
0 | 0 | 0 | 0 | 147,391 | 0 | 0 | -70 | 70 | -174 | 65 | 109 | 0 |
Borrowings on line of credit | ||||||||||||
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 4,000 |
Repayments on line of credit | ||||||||||||
- | - | - | - | - | - | - | - | 0 | 0 | 2,500 | 3,500 | 3,000 |
Payments on capital leases | ||||||||||||
- | - | - | - | - | 18 | 24 | 25 | 25 | 24 | 26 | 8 | 15 |
Repayments on term loan | ||||||||||||
- | - | - | - | - | - | - | - | 0 | 38,500 | 500 | 500 | 500 |
Payment of costs related to the follow-on public offering | ||||||||||||
0 | - | - | - | 159 | - | - | - | 285 | - | 0 | 0 | 0 |
Proceeds from issuance of convertible senior notes | ||||||||||||
400,000 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Payment of debt issuance costs | ||||||||||||
11,048 | 25 | 17 | 0 | 125 | - | - | - | - | - | - | - | - |
Purchase of capped call | ||||||||||||
43,320 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Proceeds from exercises of stock options | ||||||||||||
244 | 108 | 868 | 2,446 | 3,935 | - | - | - | - | - | - | - | - |
Value of equity awards withheld for tax liabilities | ||||||||||||
960 | 194 | 267 | 356 | 589 | - | - | - | - | - | - | - | - |
Net cash provided by financing activities | ||||||||||||
344,916 | -111 | 582 | 1,494 | 150,453 | 456 | 3,556 | 6,909 | -240 | 30,557 | -2,961 | -3,902 | 488 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||||||||
-25 | 10 | -18 | -1 | 0 | - | - | - | - | - | - | - | - |
Net increase in cash, cash equivalents, and restricted cash | ||||||||||||
332,856 | -7,797 | 52,218 | 1,488 | 97,594 | -7,306 | 2,803 | 7,031 | 1,103 | 32,278 | -310 | 162 | -1,288 |
Supplemental disclosure of cash flow information | ||||||||||||
Cash paid during the year for interest | ||||||||||||
0 | 37 | 208 | 63 | 33 | 33 | 29 | 26 | 19 | 189 | 381 | 416 | 549 |
Cash paid (refunded) for taxes | ||||||||||||
-229 | 0 | -335 | 43 | 114 | 0 | 0 | 65 | 90 | 164 | 207 | 517 | -33 |
Supplemental disclosure of noncash investing and financing activities | ||||||||||||
Purchase of property and equipment, accrued but not paid | ||||||||||||
2,595 | -1,596 | 246 | 957 | 1,768 | -903 | -19 | 1,341 | 785 | 718 | 94 | -173 | 247 |
Effect of ASC 606 implementation | ||||||||||||
0 | - | - | - | 549 | - | - | - | - | - | - | - | - |
Equity awards withheld for tax liabilities, accrued but not paid | ||||||||||||
238 | -3 | -87 | -82 | 349 | - | - | - | - | - | - | - | - |
Payment of debt issuance costs, accrued but unpaid | ||||||||||||
875 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Unrealized loss on marketable securities, accrued but not realized | ||||||||||||
- | - | - | - | - | - | - | - | -6 | - | - | - | 0 |