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Summary of Business and Significant Accounting Policies (Tables)

6 Months Ended

Dec. 31, 2018

Business and significant accounting policies

Schedule of revenue and income from operations by geographic area

Revenue by geography is generally determined on the region of our contracting entity rather than the region of our customer. Information relating to our geographic areas for the three and six months ended December 31, 2018 and 2017 is as follows (unaudited, in thousands):

		Three Months Ended						Six Months Ended
		December 31,						December 31,
		2018			2017			2018			2017
Revenue:
North America		$	10,065		$	8,683		$	18,540		$	16,122
EMEA			7,639			6,715			14,865			13,851
Total revenue		$	17,704		$	15,398		$	33,405		$	29,973
Income (loss) from operations:
North America		$	964		$	(1,401)		$	949		$	(1,218)
EMEA			2,405			2,355			4,361			3,062
Asia Pacific			(1,240)			(1,350)			(2,428)			(2,494)
Income (loss) from operations		$	2,129		$	(396)		$	2,882		$	(650)

Long-lived assets by geographic location

In addition, long-lived assets corresponding to our geographic areas are as follows (unaudited, in thousands):

		December 31,			June 30,
		2018			2018
Long-lived Assets:
North America		$	195		$	210
EMEA			130			245
Asia Pacific			143			104
Long-lived Assets		$	468		$	559

Summary of stock-based compensation included in costs and expenses

Below is a summary of stock-based compensation included in the costs and expenses (unaudited, in thousands):

		Three Months Ended						Six Months Ended
		December 31,						December 31,
		2018			2017			2018			2017
Stock-Based Compensation Expense:
Cost of revenue		$	70		$	146		$	144		$	209
Research and development			108			275			224			385
Sales and marketing			54			129			100			192
General and administrative			104			186			230			269
Total stock-based compensation expense		$	336		$	736		$	698		$	1,055

Summary of stock option assumptions

		Three Months Ended					Six Months Ended
		December 31,					December 31,
		2018		2017			2018		2017
Expected volatility		68	%	59	%		66	%	57	%
Average risk-free interest rate		2.88	%	2.07	%		2.85	%	1.88	%
Expected life (in years)		4.39		4.36			4.34		4.51
Dividend yield		—		—			—		—

Summary of Employee Stock Purchase Plan (ESPP) assumptions

		Three and Six Months Ended
		December 31, 2018
Expected term (in years)				0.47
Volatility				90	%
Expected dividend				—
Risk-free interest rate				2.54	%
Estimated forfeiture rate				—
Wieghted average grant date fair value		$		2.82

ASU 2014-09

Business and significant accounting policies

Schedule of financial impact from initial adoption and after initial adoption

The following table shows cumulative adjustments included in our condensed consolidated opening balance sheet as of July 1, 2018 related to the adoption of Topic 606 (in thousands):

		Balance as of June 30, 2018 ($)			Impact as of July 1, 2018 ($)			Balance as of July 1, 2018 ($)
Balance sheet captions:
Accounts receivable, net			7,389			14,824			22,213
Costs capitalized to obtain revenue contracts, net			986			(395)			591
Costs capitalized to obtain revenue contracts, net of current portion			891			933			1,824
Accrued liabilities			2,285			60			2,345
Deferred revenue			18,364			11,700			30,064
Deferred revenue, net of current portion			7,833			(422)			7,411
Accumulated deficit			(353,260)			3,816			(349,444)

Financial Impact after Initial Adoption

The following table shows cumulative adjustments included in our condensed consolidated balance sheet as of December 31, 2018 related to the adoption of Topic 606 (in thousands):

		December 31, 2018
		Reported under Topic 606 ($)			Topic 606 Impact ($)			Excluding Topic 606 Impact ($)
Balance sheet captions:
Accounts receivable, net			16,178			(9,036)			7,142
Costs capitalized to obtain revenue contracts, net			682			315			997
Costs capitalized to obtain revenue contracts, net of current portion			1,904			(1,137)			767
Deferred revenue			28,836			(61)			28,775
Deferred revenue, net of current portion			6,136			(4,628)			1,508
Accumulated deficit			(346,840)			3,816			(343,024)

The following table presents the financial impact between guidance under Topic 605 and newly adopted guidance under Topic 606 during the three months ended December 31, 2018 (in thousands):

		Three Months Ended December 31, 2018
		Reported under Topic 606 ($)			Topic 606 Impact ($)			Excluding Topic 606 Impact ($)
Income statement captions:
Subscription revenue			15,823			(422)			15,401
Professional services revenue			1,881			(603)			1,278
Total revenue			17,704			(1,025)			16,679
Gross profit			12,162			(1,025)			11,137
Total operating expenses			10,033			171			10,204
Net income (loss)			2,000			(1,196)			804

The following table presents the financial impact between guidance under Topic 605 and newly adopted guidance under Topic 606 during the six months ended December 31, 2018 (in thousands):

		Six Months Ended December 31, 2018
		Reported under Topic 606 ($)			Topic 606 Impact ($)			Excluding Topic 606 Impact ($)
Income statement captions:
Subscription revenue			29,550			(29)			29,521
Professional services revenue			3,855			(806)			3,049
Total revenue			33,405			(835)			32,570
Gross profit			22,628			(835)			21,793
Total operating expenses			19,746			292			20,038
Net income (loss)			2,604			(1,127)			1,477

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