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Quarterly Results of Operations (unaudited) (Tables)

12 Months Ended

Dec. 31, 2021

Quarterly Results of Operations (unaudited)

Schedule of Quarterly Results of Operations


	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter
2021
Total revenues	$	50,775	$	52,277	$	52,276	$	59,153
Product and license cost of goods sold (1.)		10,752		10,565		9,502		15,377
Gross profit		34,242		34,831		36,395		37,467
Sales and marketing expense (1.)		17,168		15,021		14,449		16,092
Operating costs		43,536		43,690		38,411		43,426
Operating income (loss)		(9,294)		(8,859)		(2,016)		(5,959)
Provision (benefit) for income taxes		(501)		(1,143)		(762)		6,847
Net income (loss)		(9,151)		(6,685)		(975)		(13,773)
Net income/(loss) per share:
Basic	$	(0.23)	$	(0.17)	$	(0.02)	$	(0.35)
Diluted	$	(0.23)	$	(0.17)	$	(0.02)	$	(0.35)

2020
Total revenues	$	56,370	$	54,954	$	51,439	$	52,928
Product and license cost of goods sold (1.)		11,764		13,689		11,071		9,489
Gross profit		39,274		35,616		34,954		38,215
Sales and marketing expense (1.)		13,833		13,581		13,569		15,680
Operating costs		38,449		37,303		37,309		40,256
Operating income (loss)		825		(1,687)		(2,355)		(2,041)
Provision (benefit) for income taxes		690		973		95		277
Net income (loss)		4		(2,025)		(1,678)		(1,756)
Net income/(loss) per share:
Basic	$	(0.00)	$	(0.05)	$	(0.04)	$	(0.04)
Diluted	$	(0.00)	$	(0.05)	$	(0.04)	$	(0.04)

(1.) We have revised certain period previously issued financial statements to reflect immaterial reclassification adjustments of expenses directly attributable to the production and distribution of hardware products. Certain sales and marketing expenses were reclassified to product and license cost of goods sold. For the first, second, and third quarters of 2021, product and license cost of goods sold increased by $1.2 million, $1.0 million, and $1.0 million, respectively. For the first, second, and third quarters of 2021, gross profit, sales and marketing expense, and total operating costs decreased by $1.2 million, $1.0 million, and $1.0 million, respectively.

For the first, second, third and fourth quarters of 2020, product and license cost of goods sold increased by $1.0 million, $1.1 million, $1.0 million and $1.0 million, respectively. For the first, second, third and fourth quarters of 2020, gross profit, sales and marketing expense, and total operating costs decreased by $1.0 million, $1.1 million, $1.0 million and $1.0 million, respectively.