| Selected Quarterly Financial Data |
The following information has been derived from unaudited financial
statements that, in the opinion of management, include all
recurring adjustments necessary for a fair statement of such
information. (in thousands except per share data):
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Three Months Ended |
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Dec 31,
2018 |
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Sep 30,
2018 |
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Jun 30,
2018 |
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Mar 31,
2018 |
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Dec 31,
2017 |
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Sep 30,
2017 |
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Jun 30,
2017 |
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Mar 31,
2017 |
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Statements of Operations Data:
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Revenue
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$ |
39,779 |
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$ |
41,748 |
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$ |
41,092 |
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$ |
40,730 |
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$ |
32,377 |
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$ |
32,096 |
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$ |
30,017 |
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$ |
31,752 |
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Cost of revenue
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3,075 |
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3,115 |
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2,873 |
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2,615 |
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2,236 |
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1,889 |
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1,884 |
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1,736 |
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Loss from operations(1)
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(7,114 |
) |
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(3,936 |
) |
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(1,627 |
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(1,235 |
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(539 |
) |
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(1,019 |
) |
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(1,580 |
) |
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(1,551 |
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Net loss(1)
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(6,925 |
) |
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(3,808 |
) |
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(1,730 |
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(1,328 |
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(653 |
) |
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(1,135 |
) |
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(1,665 |
) |
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(1,618 |
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Net loss attributable to common stockholders(1)
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(6,925 |
) |
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(3,808 |
) |
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(28,132 |
) |
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(12,341 |
) |
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(2,498 |
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(604 |
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(2,660 |
) |
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(13,402 |
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Basic and diluted net loss attributable to common stockholders per
share(1):
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$ |
(0.28 |
) |
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$ |
(0.15 |
) |
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$ |
(3.10 |
) |
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$ |
(1.42 |
) |
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$ |
(0.29 |
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$ |
(0.07 |
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$ |
(0.31 |
) |
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$ |
(1.45 |
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(1) |
The Company’s statements of operations were
impacted in the third and fourth quarter of 2018 by the recognition
of $0.6 million and $1.1 million of stock-based
compensation expense, respectively, related to performance-based
RSU grants for which achievement of the performance condition
became probable. The amount recorded in the fourth quarter of 2018
included an out-of-period adjustment
of $0.8 million to correct an error in the expense recognition
for the performance-based RSU grants from the third quarter of
2018. The Company does not consider
the out-of-period adjustment
to be material to the current or the previously issued financial
statements.
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