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Quarterly Results (Unaudited) | 12 Months Ended
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Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Results | 18. Quarterly Results (Unaudited) The following table sets forth our unaudited quarterly condensed consolidated statements of operations data for each of the last eight quarters through December 31, 2016. The data has been prepared on the same basis as the audited consolidated financial statements and related notes included elsewhere in this Annual Report and you should read the following tables together with such financial statements. The quarterly results of operations include all normal recurring adjustments necessary for a fair presentation of this data. Results of interim periods are not necessarily indicative of results for the entire year and are not necessarily indicative of future results.
| 3/31/15 |  | 6/30/15 |  | 9/30/15 |  | 12/31/15 |  | 3/31/16 |  | 6/30/16 |  | 9/30/16 |  | 12/31/16
| (dollars in thousands, except per share data)
Consolidated Statements of Operations Data: |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subscription and support | $ | 14,322 |  |  | $ | 14,023 |  |  | $ | 14,129 |  |  | $ | 14,719 |  |  | $ | 15,241 |  |  | $ | 16,220 |  |  | $ | 17,029 |  |  | $ | 17,062 |
Perpetual license | 811 |  |  | 846 |  |  | 540 |  |  | 608 |  |  | 318 |  |  | 458 |  |  | 332 |  |  | 542 |
Total product revenue | 15,133 |  |  | 14,869 |  |  | 14,669 |  |  | 15,327 |  |  | 15,559 |  |  | 16,678 |  |  | 17,361 |  |  | 17,604 |
Professional services | 2,395 |  |  | 2,809 |  |  | 2,436 |  |  | 2,273 |  |  | 2,023 |  |  | 1,892 |  |  | 1,880 |  |  | 1,770 |
Total revenue | 17,528 |  |  | 17,678 |  |  | 17,105 |  |  | 17,600 |  |  | 17,582 |  |  | 18,570 |  |  | 19,241 |  |  | 19,374 |
Cost of revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subscription and support(1)(2) | 4,732 |  |  | 4,841 |  |  | 4,771 |  |  | 5,242 |  |  | 5,226 |  |  | 5,634 |  |  | 5,747 |  |  | 6,127 |
Professional services(1) | 1,908 |  |  | 1,732 |  |  | 1,677 |  |  | 1,768 |  |  | 1,624 |  |  | 1,106 |  |  | 1,045 |  |  | 1,056 |
Total cost of revenue | 6,640 |  |  | 6,573 |  |  | 6,448 |  |  | 7,010 |  |  | 6,850 |  |  | 6,740 |  |  | 6,792 |  |  | 7,183 |
Gross profit | 10,888 |  |  | 11,105 |  |  | 10,657 |  |  | 10,590 |  |  | 10,732 |  |  | 11,830 |  |  | 12,449 |  |  | 12,191 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales and marketing(1) | 3,532 |  |  | 3,446 |  |  | 2,929 |  |  | 3,058 |  |  | 3,069 |  |  | 2,953 |  |  | 3,097 |  |  | 3,041 |
Research and development(1) | 3,926 |  |  | 4,152 |  |  | 3,852 |  |  | 3,848 |  |  | 3,910 |  |  | 4,054 |  |  | 3,737 |  |  | 3,218 |
Refundable Canadian tax credits | (121 | ) |  | (122 | ) |  | (115 | ) |  | (112 | ) |  | (109 | ) |  | (116 | ) |  | (115 | ) |  | (173 | )
General and administrative(1) | 5,119 |  |  | 4,714 |  |  | 4,494 |  |  | 3,874 |  |  | 4,123 |  |  | 4,547 |  |  | 4,670 |  |  | 4,946 |
Depreciation and amortization | 1,014 |  |  | 1,063 |  |  | 1,130 |  |  | 1,327 |  |  | 1,472 |  |  | 1,476 |  |  | 1,322 |  |  | 1,021 |
Acquisition-related expenses | 545 |  |  | 360 |  |  | 176 |  |  | 1,374 |  |  | 2,428 |  |  | 1,380 |  |  | 1,047 |  |  | 728 |
Total operating expenses | 14,015 |  |  | 13,613 |  |  | 12,466 |  |  | 13,369 |  |  | 14,893 |  |  | 14,294 |  |  | 13,758 |  |  | 12,781 |
Income (loss) from operations | (3,127 | ) |  | (2,508 | ) |  | (1,809 | ) |  | (2,779 | ) |  | (4,161 | ) |  | (2,464 | ) |  | (1,309 | ) |  | (590 | )
Other expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net | (347 | ) |  | (576 | ) |  | (462 | ) |  | (473 | ) |  | (561 | ) |  | (662 | ) |  | (709 | ) |  | (849 | )
Other expense, net | (512 | ) |  | (12 | ) |  | 137 |  |  | (157 | ) |  | (748 | ) |  | (293 | ) |  | (64 | ) |  | 427 |
Total other expense | (859 | ) |  | (588 | ) |  | (325 | ) |  | (630 | ) |  | (1,309 | ) |  | (955 | ) |  | (773 | ) |  | (422 | )
Loss before provision for income taxes | (3,986 | ) |  | (3,096 | ) |  | (2,134 | ) |  | (3,409 | ) |  | (5,470 | ) |  | (3,419 | ) |  | (2,082 | ) |  | (1,012 | )
Provision for income taxes | 243 |  |  | (238 | ) |  | (190 | ) |  | (854 | ) |  | (103 | ) |  | (158 | ) |  | (308 | ) |  | (961 | )
Net income (loss) | $ | (3,743 | ) |  | $ | (3,334 | ) |  | $ | (2,324 | ) |  | $ | (4,263 | ) |  | $ | (5,573 | ) |  | $ | (3,577 | ) |  | $ | (2,390 | ) |  | $ | (1,973 | )
Net loss per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from continuing operations per common share, basic and diluted | $ | (0.25 | ) |  | $ | (0.22 | ) |  | $ | (0.16 | ) |  | $ | (0.28 | ) |  | $ | (0.36 | ) |  | $ | (0.22 | ) |  | $ | (0.14 | ) |  | $ | (0.12 | )
(1) includes stock-based compensation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(2) Includes depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

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