| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
86,942 | 74,515 | 69,129 | 49,715 | 43,671 | 30,426 | 43,045 | 42,632 | 28,047 | 45,853 | 47,014 |
Operating expenses: | ||||||||||
General and administrative | ||||||||||
22,832 | 21,476 | 17,354 | 16,626 | 19,773 | 14,139 | 15,192 | 15,146 | 16,745 | 14,471 | 13,515 |
Sales and marketing | ||||||||||
9,434 | 7,546 | 9,391 | 9,116 | 9,326 | 10,525 | 7,952 | 7,290 | 7,997 | 8,205 | 6,472 |
Research and development | ||||||||||
23,402 | 17,012 | 13,443 | 10,136 | 7,659 | 9,690 | 4,361 | 4,774 | 3,526 | 3,943 | 3,041 |
Amortization of intangible assets | ||||||||||
575 | 630 | 631 | 631 | 635 | 842 | 921 | 1,042 | 1,360 | 2,624 | 241 |
Restructuring charges | ||||||||||
- | - | - | - | - | - | 184 | 369 | 3,294 | - | - |
Impairment of intangibles | ||||||||||
- | - | - | - | - | - | - | 1,020 | - | 11 | - |
Loss on fair value remeasurement | ||||||||||
- | - | - | - | - | - | - | - | -171 | 2,147 | - |
Proceeds from litigation settlement | ||||||||||
- | - | - | - | - | - | - | 775 | - | - | - |
Total operating expenses | ||||||||||
56,243 | 46,664 | 40,819 | 36,509 | 37,393 | 35,196 | 28,610 | 28,866 | 33,093 | 27,096 | 23,269 |
Income from operations | ||||||||||
10,364 | 9,978 | 9,249 | 3,426 | -11,791 | -18,483 | -2,888 | -8,653 | -25,294 | -5,024 | 6,150 |
Other income (expense): | ||||||||||
Interest income | ||||||||||
2,010 | 1,543 | 870 | 309 | 53 | - | - | - | - | - | - |
Interest expense | ||||||||||
0 | 1 | 2 | 3 | 42 | 0 | - | 6 | 34 | 73 | 46 |
Other non-operating expense, net | ||||||||||
-118 | -80 | -188 | -19 | -192 | 69 | 109 | 143 | 184 | -137 | 54 |
Total other income, net | ||||||||||
1,892 | 1,462 | 680 | 287 | -181 | - | - | - | - | - | - |
Income before income taxes | ||||||||||
12,256 | 11,440 | 9,929 | 3,713 | -11,972 | -18,414 | -2,779 | -8,516 | -25,144 | -5,234 | 6,158 |
(Benefit from) provision for income taxes | ||||||||||
1,300 | -10,700 | -8,400 | -6 | -334 | 291 | 327 | -262 | 1,299 | -1,626 | 2,472 |
Net income | ||||||||||
10,913 | 22,093 | 18,354 | 3,719 | -11,638 | -18,705 | -3,106 | -8,254 | -26,443 | -3,608 | - |
Earnings per share: | ||||||||||
Net Income (loss) | ||||||||||
- | - | - | - | - | - | - | - | - | - | 3,686 |
Basic (in dollars per share) | ||||||||||
0.20 | 0.41 | 0.34 | 0.07 | -0.22 | -0.36 | - | - | - | - | 0.07 |
Diluted (in dollars per share) | ||||||||||
0.19 | 0.40 | 0.33 | 0.07 | -0.22 | -0.36 | - | - | - | - | 0.07 |
Number of shares used in per share calculations: | ||||||||||
Basic (in shares) | ||||||||||
54,740 | 53,764 | 53,701 | 52,341 | 52,151 | 51,675 | - | - | - | - | 50,166 |
Diluted (in shares) | ||||||||||
56,067 | 55,338 | 55,612 | 55,451 | 52,151 | 51,675 | - | - | - | - | 52,644 |
Basic and diluted net loss per share (in dollars per share) | ||||||||||
- | - | - | - | - | - | -0.06 | -0.16 | -0.50 | -0.07 | - |
Shares used in basic and diluted per share calculation (in shares) | ||||||||||
- | - | - | - | - | - | 51,066 | 51,452 | 52,612 | 52,072 | - |
Product | ||||||||||
Revenue | ||||||||||
72,834 | 61,025 | 58,023 | 49,715 | - | - | - | - | - | - | - |
Product cost of revenue | ||||||||||
20,335 | 17,873 | 19,061 | 17,849 | 19,111 | 13,713 | 17,323 | 22,419 | 20,248 | 23,781 | 17,595 |
Product gross profit | ||||||||||
52,499 | 43,152 | 38,962 | 31,866 | 24,560 | 16,713 | 25,722 | 20,213 | 7,799 | 22,072 | 29,419 |
License and development revenue | ||||||||||
Revenue | ||||||||||
14,108 | 13,490 | 11,106 | 8,069 | 1,042 | 0 | - | - | - | - | - |