| 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 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities: | ||||||||||||||||||||||||
Net loss | ||||||||||||||||||||||||
-17,716 | -10,302 | -14,987 | -17,357 | -11,100 | -11,492 | -18,663 | -18,225 | -15,448 | -11,535 | -10,583 | -9,521 | -8,075 | -13,829 | -10,515 | -11,064 | -10,154 | -10,251 | -13,552 | -11,392 | -10,858 | -19,696 | -10,789 | -8,279 | -9,465 |
Adjustments to reconcile net loss to net cash and cash equivalents provided by operating activities | ||||||||||||||||||||||||
Depreciation and amortization | ||||||||||||||||||||||||
8,711 | 7,545 | 7,213 | 7,062 | 6,973 | 6,889 | 6,000 | 5,429 | 5,110 | 4,663 | 4,146 | 3,648 | 3,329 | 3,185 | 2,769 | 3,022 | 2,201 | 1,832 | 1,946 | 1,818 | 1,747 | 890 | 1,777 | 1,604 | 1,443 |
Stock-based compensation | ||||||||||||||||||||||||
27,463 | 24,095 | 23,790 | 28,664 | 21,205 | 20,927 | 19,613 | 19,675 | 16,046 | 12,898 | 12,110 | 13,006 | 9,303 | 9,274 | 8,696 | 8,474 | 6,231 | 6,015 | 4,510 | 5,641 | 5,142 | 12,844 | 1,266 | 1,176 | 1,072 |
Benefit for deferred income taxes | ||||||||||||||||||||||||
-257 | -848 | 184 | -107 | -28 | - | - | - | - | -2,421 | -5,581 | -3,517 | -27 | 32 | 0 | -168 | 3 | -95 | 19 | 0 | 26 | - | - | - | - |
Amortization of debt discount and issuance costs | ||||||||||||||||||||||||
5,703 | 5,606 | 5,509 | 5,415 | 5,260 | 5,232 | 5,141 | 5,054 | 4,908 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Accretion of bond discount | ||||||||||||||||||||||||
2,154 | 3,271 | 4,068 | 4,070 | 2,751 | 2,270 | 1,876 | 1,477 | 1,164 | 829 | 692 | 132 | -77 | -100 | -136 | -632 | 221 | -1,109 | 246 | 190 | 2 | - | - | - | - |
Provision for doubtful accounts | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 194 | 158 | 100 |
Non-cash rent expense | ||||||||||||||||||||||||
- | - | - | - | - | 364 | 367 | 811 | 794 | 696 | 1,344 | 1,332 | 1,667 | 1,275 | 744 | 837 | 1,112 | 1,582 | 19 | 24 | 168 | 50 | 30 | 115 | 91 |
Unrealized currency translation | ||||||||||||||||||||||||
-781 | -37 | 175 | -263 | 281 | -268 | -79 | -100 | -36 | -209 | 153 | 149 | 46 | -227 | 83 | -189 | 252 | 90 | -50 | -159 | 448 | - | - | - | - |
Changes in assets and liabilities | ||||||||||||||||||||||||
Accounts receivable | ||||||||||||||||||||||||
-9,780 | 14,082 | 5,253 | 3,851 | -7,758 | 14,460 | 9,911 | 218 | -6,863 | 11,670 | 9,671 | 3,015 | -4,176 | 8,959 | 4,755 | 732 | -347 | 5,533 | 3,598 | 667 | 1,451 | 3,394 | 1,535 | 1,127 | 1,202 |
Prepaid expenses and other assets | ||||||||||||||||||||||||
15,107 | -2,921 | -113 | 7,216 | -886 | -3,057 | -5,535 | 6,592 | -1,880 | 225 | -2,555 | 8,979 | -1,061 | 2,740 | 762 | 221 | 2,403 | 2,096 | -2,075 | 2,201 | 1,151 | 859 | -349 | 195 | 8 |
Deferred commission expense | ||||||||||||||||||||||||
-1,523 | -4,115 | -12 | -2,205 | -3,334 | -8,013 | -5,798 | -5,021 | -5,068 | -1,993 | -110 | -1,437 | -464 | -373 | -77 | 296 | -299 | -1,470 | -635 | -18 | 4 | -1,158 | -256 | -313 | -277 |
Right-of-use assets | ||||||||||||||||||||||||
5,723 | 8,347 | 5,048 | 3,757 | 5,505 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Accounts payable | ||||||||||||||||||||||||
1,495 | -2,268 | 1,203 | 81 | 4,911 | -964 | 3,508 | 588 | 166 | -456 | 1,883 | 923 | -1,250 | 250 | 431 | 1,106 | -804 | -424 | 226 | 800 | -1,110 | 614 | -388 | 702 | -642 |
Accrued expenses and other liabilities | ||||||||||||||||||||||||
-5,439 | 6,864 | -2,333 | 5,359 | -2,071 | 8,165 | -1,876 | 3,957 | 1,674 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating lease liabilities | ||||||||||||||||||||||||
5,281 | - | - | - | 4,110 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Accrued expenses | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | -131 | 6,047 | 922 | - | 1,800 | 3,091 | -1,154 | 2,552 | -9 | 3,890 | 652 | 2,542 | 960 | 590 | 642 |
Restricted cash | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | -220 | 63 |
Deferred rent | ||||||||||||||||||||||||
- | - | - | - | - | -1,812 | -81 | -3,954 | 48 | 22 | 21 | -3,636 | 34 | 32 | 41 | 11 | 23 | - | - | - | - | -2,894 | 193 | 232 | 1,002 |
Deferred revenue | ||||||||||||||||||||||||
10,832 | 28,355 | 8,063 | 3,954 | 8,893 | 23,603 | 9,321 | 5,419 | 10,973 | 18,438 | 7,906 | 4,202 | 8,453 | 13,596 | 6,929 | 3,634 | 8,152 | 10,372 | 4,763 | 3,069 | 6,462 | 6,935 | 2,619 | 2,799 | 4,731 |
Net cash and cash equivalents provided by operating activities | ||||||||||||||||||||||||
23,011 | 47,891 | 19,669 | 13,697 | 37,716 | 33,111 | 11,517 | 13,501 | 26,722 | 13,994 | 7,801 | 8,727 | 19,092 | 2,273 | 5,272 | 8,643 | 3,178 | 2,640 | -3,826 | 1,578 | -815 | -1,752 | -5,818 | -2,318 | -2,576 |
Investing Activities: | ||||||||||||||||||||||||
Purchases of investments | ||||||||||||||||||||||||
439,889 | 336,853 | 370,192 | 211,301 | 386,501 | 156,794 | 158,546 | 155,406 | 210,886 | 317,373 | 267,359 | 288,910 | 16,367 | 7,808 | 23,212 | 12,142 | 8,969 | 19,746 | 15,586 | 52,499 | 25,784 | - | - | - | - |
Maturities of investments | ||||||||||||||||||||||||
382,875 | 376,752 | 347,229 | 158,925 | 183,460 | 145,525 | 150,300 | 92,300 | 256,250 | 220,600 | 276,000 | 21,200 | 15,860 | 7,452 | 22,045 | 12,468 | 8,875 | - | - | - | - | - | - | - | - |
Purchases of property and equipment | ||||||||||||||||||||||||
11,098 | 19,175 | 9,141 | 7,791 | 4,265 | 5,617 | 5,378 | 5,071 | 6,239 | 5,187 | 4,017 | 5,237 | 5,835 | 2,439 | 2,081 | 4,628 | 6,641 | 6,245 | 999 | 158 | 1,025 | 1,374 | 968 | 2,444 | 2,480 |
Capitalization of software development costs | ||||||||||||||||||||||||
4,769 | 4,335 | 3,811 | 2,507 | 2,821 | 2,442 | 2,920 | 3,190 | 2,616 | 1,765 | 1,966 | 1,730 | 1,610 | 1,576 | 1,661 | 1,078 | 1,434 | 1,189 | 1,333 | 1,022 | 770 | 704 | 1,558 | 1,418 | 954 |
Acquisition of a business, net of cash acquired | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 600 | - | - | - | - |
Purchase of strategic investments | ||||||||||||||||||||||||
- | - | - | - | - | 200 | 50 | 0 | 250 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net cash and cash equivalents used in investing activities | ||||||||||||||||||||||||
-72,881 | -6,925 | -36,116 | -63,026 | -210,127 | -19,528 | -16,594 | -71,367 | 36,259 | -104,425 | -8,957 | -275,277 | -7,952 | -4,371 | -4,909 | -5,380 | -8,169 | -7,940 | -14,306 | -53,679 | -28,179 | -2,078 | -2,526 | -2,442 | -3,434 |
Financing Activities: | ||||||||||||||||||||||||
Proceeds from common stock offering, net of offering costs paid of $256 | ||||||||||||||||||||||||
- | 0 | 0 | -111 | 342,739 | - | - | - | - | - | - | - | - | - | - | - | - | 0 | -10 | -435 | 34,114 | - | - | - | - |
Employee taxes paid related to the net share settlement of stock-based awards | ||||||||||||||||||||||||
941 | 1,480 | 2,032 | 1,651 | 1,084 | 2,100 | 1,888 | 1,701 | 2,344 | 1,265 | 1,057 | 944 | 1,153 | 548 | 478 | 384 | 958 | - | - | - | - | - | - | - | - |
Proceeds related to the issuance of common stock under stock plans | ||||||||||||||||||||||||
6,854 | 4,652 | 8,188 | 5,048 | 5,690 | 4,786 | 5,157 | 5,499 | 6,113 | 2,677 | 2,924 | 3,145 | 4,340 | 2,439 | 2,977 | 3,176 | 2,992 | 2,827 | 3,067 | 5,223 | 966 | - | - | - | - |
Repayments of finance lease obligations | ||||||||||||||||||||||||
30 | 35 | 44 | 87 | 118 | 152 | 175 | 205 | 212 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from exercise of options | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,404 |
Payment of deferred initial public offering costs | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 483 | 1,481 | 26 |
Repayment of capital lease obligations | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 269 | 278 | 240 | 215 | 209 | 177 | 142 | 99 | 58 | 25 | 24 | 24 | 22 | 28 | 47 |
Net cash and cash equivalents provided by financing activities | ||||||||||||||||||||||||
5,883 | 2,804 | 6,112 | 3,199 | 347,227 | 2,534 | 3,094 | 3,593 | 3,557 | 1,145 | 1,586 | 371,128 | 2,947 | 1,676 | 2,290 | 2,615 | 1,892 | 2,338 | 2,634 | -3,089 | 35,056 | 115,473 | 13,507 | 4,126 | 1,331 |
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | ||||||||||||||||||||||||
-1,814 | 1,451 | -1,973 | 586 | -784 | -750 | -321 | -1,675 | 677 | 221 | 697 | 1,418 | 454 | -1,187 | 125 | -236 | 538 | -267 | 72 | 50 | -408 | -301 | -86 | -31 | 3 |
Net increase in cash, cash equivalents and restricted cash | ||||||||||||||||||||||||
-45,801 | 45,221 | -12,308 | -45,544 | 174,032 | 15,367 | -2,304 | -55,948 | 67,215 | -89,065 | 1,127 | 105,996 | 14,541 | -1,609 | 2,778 | 5,642 | -2,561 | -3,229 | -15,426 | -55,140 | 5,654 | 111,342 | 5,077 | -665 | -4,676 |
Supplemental cash flow disclosure: | ||||||||||||||||||||||||
Cash paid for interest | ||||||||||||||||||||||||
- | - | - | - | - | 509 | 6 | 506 | 15 | 561 | 10 | -1 | 192 | 8 | 62 | 17 | 87 | 46 | 30 | 80 | 29 | 36 | 132 | 24 | 7 |
Cash paid for income taxes | ||||||||||||||||||||||||
746 | 695 | 552 | 816 | 1,027 | 826 | 244 | 727 | 45 | 419 | 26 | 373 | 37 | 331 | 426 | 124 | 73 | - | - | - | - | - | - | - | - |
Right-of-use assets obtained in exchange for operating lease liabilities | ||||||||||||||||||||||||
6,396 | 23,752 | 52 | 69,282 | 12,410 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Non-cash investing and financing activities: | ||||||||||||||||||||||||
Common stock offering costs, incurred but not yet paid | ||||||||||||||||||||||||
- | - | - | - | 109 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Property and equipment acquired under capital lease | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 506 | 300 | 247 | 275 | 247 | 216 | 257 | - | - | - | - | - | - | - | - |
Offering costs incurred but not yet paid | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 295 | - | -303 | -687 | 1,512 |
Capital expenditures incurred but not yet paid | ||||||||||||||||||||||||
1,204 | 2,735 | 481 | -1,412 | 2,802 | -1,352 | 357 | 279 | 1,382 | -156 | 630 | -1,319 | 1,525 | 124 | 392 | -2,107 | 2,974 | - | - | 55 | 5 | -71 | -232 | -271 | 685 |
Asset retirement obligations | ||||||||||||||||||||||||
87 | - | - | - | - | -131 | 97 | 149 | 101 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Accretion of preferred stock | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 291 | 13 | 15 | 12 |