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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
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Jun. 30, 2014
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Jun. 30, 2013
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Jun. 30, 2014
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Jun. 30, 2013
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| Condensed Consolidated Statements of Operations | ||||
| Revenue | $ 24,744 | $ 18,691 | $ 51,076 | $ 37,825 |
| Costs and expenses: | ||||
| Servicing and support | 7,000 | 5,656 | 13,248 | 10,674 |
| Technology and content development | 5,818 | 4,596 | 11,492 | 7,831 |
| Program marketing and sales | 16,710 | 13,695 | 31,951 | 25,465 |
| General and administrative | 5,708 | 3,654 | 11,144 | 6,525 |
| Total costs and expenses | 35,236 | 27,601 | 67,835 | 50,495 |
| Loss from operations | (10,492) | (8,910) | (16,759) | (12,670) |
| Other income (expense): | ||||
| Interest expense | (134) | 5 | (918) | 13 |
| Interest income | 31 | 10 | 32 | 16 |
| Total other income (expense) | (103) | 15 | (886) | 29 |
| Loss before income taxes | (10,595) | (8,895) | (17,645) | (12,641) |
| Net loss | (10,595) | (8,895) | (17,645) | (12,641) |
| Preferred stock accretion | (2) | (87) | (89) | (174) |
| Net loss attributable to common stockholders | $ (10,597) | $ (8,982) | $ (17,734) | $ (12,815) |
| Net loss per share attributable to common stockholders, basic and diluted (in dollars per share) | $ (0.27) | $ (1.21) | $ (0.75) | $ (1.73) |
| Weighted average common shares outstanding, basic and diluted (in shares) | 39,304,884 | 7,398,059 | 23,588,330 | 7,392,129 |
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- Definition
Represents the amount of servicing and support costs consisting primarily of compensation costs related to program management and operations, as well as costs for platform technical support and faculty and student support. No definition available.
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
Other preferred stock dividends and adjustments, not otherwise defined in the taxonomy, that are necessary to adjust net income to obtain net income applicable to common stockholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition
Costs incurred in providing technology services. The services may include training, installation, engineering or consulting. Consulting services often include implementation support, software design or development, or the customization or modification of the licensed software. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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