VARONIS SYSTEMS, INC. VRNS Income Statement

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12
Revenues:
Revenue
254,190	270,288	215,390	165,863	127,210	101,348	74,616	53,410
Cost of revenues
35,144	27,683	20,714	15,737	12,019	9,911	6,476	4,928
Gross profit
219,046	242,605	194,676	150,126	115,191	91,437	68,140	48,482
Operating costs and expenses:
Research and development
80,764	69,971	47,369	36,660	31,792	28,086	20,973	15,034
Sales and marketing
169,898	168,309	133,925	105,639	86,367	68,787	44,131	30,036
General and administrative
44,371	33,460	26,801	19,822	16,106	11,872	8,881	4,966
Total operating expenses
295,033	271,740	208,095	162,121	134,265	108,745	73,985	50,036
Operating loss
-75,987	-29,135	-13,419	-11,995	-19,074	-17,308	-5,845	-1,554
Financial income (expenses), net
-389	970	2,362	-885	-1,523	-1,714	-1,274	-3,045
Loss before income taxes
-76,376	-28,165	-11,057	-12,880	-20,597	-19,022	-7,119	-4,599
Income taxes
2,388	413	2,787	1,313	686	376	356	247
Net loss
-78,764	-28,578	-13,844	-14,193	-21,283	-19,398	-7,475	-4,846
Net loss per share of common stock, basic and diluted (in dollars per share)
-2.60	-0.98	-0.50	-0.54	-0.84	-0.91	-1.93	-1.29
Weighted average number of shares used in computing net loss per share of common stock, basic and diluted (in shares)
30,257	29,020	27,467	26,406	25,198	21,242	3,880	3,756
Subscriptions
Revenue
76,730	8,750	2,627	-	-	-	-	-
Perpetual licenses
Revenue
42,093	139,578	118,689	93,243	71,273	58,420	43,488	31,606
Maintenance and services
Revenue
135,367	121,960	94,074	72,620	55,937	42,928	31,128	21,804