| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Net revenues | |||||||||
21,364 | 21,311 | 71,638 | 60,200 | 61,253 | 44,032 | 42,974 | 35,647 | 21,845 | 15,407 |
Cost of revenues | |||||||||
13,018 | 11,122 | 50,739 | 47,888 | 50,664 | 35,799 | 35,294 | 31,018 | 19,131 | 12,532 |
Gross profit | |||||||||
8,346 | 10,189 | 20,899 | 12,312 | 10,589 | 8,232 | 7,680 | 4,628 | 2,714 | 2,875 |
Operating expenses: | |||||||||
Sales and marketing | |||||||||
5,347 | 5,185 | 5,747 | 2,723 | 2,809 | 2,125 | 2,112 | 2,604 | 1,830 | 1,566 |
General and administrative expenses | |||||||||
6,891 | 6,437 | 7,662 | 6,174 | 6,802 | 4,432 | 3,785 | 3,654 | 3,360 | 2,861 |
Change in valuation of contingent earn-out | |||||||||
178 | -438 | -1,394 | 0 | - | - | - | - | - | - |
Depreciation | |||||||||
182 | 147 | 383 | 211 | - | - | - | - | - | - |
Amortization of acquisition-related intangibles | |||||||||
1,890 | 1,810 | 2,080 | 541 | - | - | - | - | - | - |
Impairment of intangible assets | |||||||||
614 | 0 | 180 | 2,633 | - | - | - | - | - | - |
Total operating expenses | |||||||||
14,747 | 14,019 | 17,449 | 12,284 | 9,611 | 6,557 | 5,898 | 6,259 | 5,191 | 4,427 |
Loss from operations | |||||||||
-6,400 | -3,830 | 3,450 | 27 | 977 | 1,674 | 1,782 | -1,630 | -2,476 | -1,552 |
Other income (expense): | |||||||||
Other income | |||||||||
0 | 0 | - | - | - | - | 80 | 0 | - | - |
Interest income | |||||||||
77 | 0 | - | - | - | - | - | 0 | 2 | 1 |
Interest expense | |||||||||
617 | 1,437 | 1,526 | 91 | 127 | 259 | 436 | 465 | 171 | -6 |
Loss on disposition of property and equipment | |||||||||
-2 | 0 | 0 | - | - | - | - | - | - | - |
Other miscellaneous income (expense) | |||||||||
- | - | 0 | - | - | - | - | - | - | - |
Other expense | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Reduction in contingent consideration in connection with acquisition of Redspin | |||||||||
- | - | - | - | 623 | - | - | - | - | - |
Loss on disposition of property and equipment | |||||||||
- | - | - | - | -3 | - | - | - | - | - |
Change in fair value of derivative liabilities | |||||||||
- | - | - | - | - | - | - | -279 | 62 | 0 |
Total other income (expense) | |||||||||
-542 | -1,437 | -1,527 | -91 | 491 | -259 | -356 | -743 | -107 | -5 |
Loss before benefit for income taxes | |||||||||
-6,943 | -5,267 | 1,923 | -64 | 1,469 | 1,415 | - | - | - | - |
Income before provision for income taxes | |||||||||
- | - | - | - | - | - | 1,426 | -2,374 | -2,584 | -1,558 |
Income tax benefit | |||||||||
-1,528 | -1,305 | 2,365 | -5,074 | 152 | 78 | 78 | 7 | 7 | 11 |
Net loss from continuing operations | |||||||||
-5,414 | -3,962 | - | - | - | - | - | - | - | - |
Income from discontinued operations, including gain on sale, net of tax | |||||||||
20,305 | 5,855 | - | - | - | - | - | - | - | - |
Net (loss) income | |||||||||
14,890 | 1,893 | -442 | 5,009 | 1,316 | 1,336 | 1,347 | -2,381 | -2,591 | -1,569 |
From continuing operations: | |||||||||
Basic | |||||||||
-0.55 | -0.41 | - | - | - | - | - | - | - | - |
Diluted | |||||||||
-0.55 | -0.41 | - | - | - | - | - | - | - | - |
From discontinued operations: | |||||||||
Basic | |||||||||
2.06 | 0.61 | - | - | - | - | - | - | - | - |
Diluted | |||||||||
2.03 | 0.59 | - | - | - | - | - | - | - | - |
Net (loss) income: | |||||||||
Basic | |||||||||
1.51 | 0.20 | -0.05 | 0.61 | 0.16 | 0.06 | 0.07 | -0.12 | -0.13 | -0.08 |
Diluted | |||||||||
1.49 | 0.19 | -0.05 | 0.60 | 0.16 | 0.06 | 0.06 | -0.12 | -0.13 | -0.08 |
Number of weighted average shares outstanding: | |||||||||
Basic | |||||||||
9,858 | 9,608 | 9,425 | 8,173 | 8,050 | 22,062 | 20,259 | 19,589 | 19,376 | 19,226 |
Diluted | |||||||||
10,000 | 9,873 | 9,425 | 8,283 | 8,326 | 23,437 | 22,843 | 19,589 | 19,376 | 19,226 |