v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Condensed Consolidated Statements of Operations        
Revenue $ 28,407 $ 20,499 $ 79,483 $ 58,324
Costs and expenses:        
Servicing and support 6,598 5,842 19,846 16,516
Technology and content development 5,726 5,113 17,218 12,944
Program marketing and sales 16,971 15,412 48,922 40,877
General and administrative 6,303 4,269 17,447 10,794
Total costs and expenses 35,598 30,636 103,433 81,131
Loss from operations (7,191) (10,137) (23,950) (22,807)
Other income (expense):        
Interest expense (176) (1) (1,094) 12
Interest income 30 5 62 21
Total other income (expense) (146) 4 (1,032) 33
Loss before income taxes (7,337) (10,133) (24,982) (22,774)
Net loss (7,337) (10,133) (24,982) (22,774)
Preferred stock accretion   (87) (89) (261)
Net loss attributable to common stockholders $ (7,337) $ (10,220) $ (25,071) $ (23,035)
Net loss per share attributable to common stockholders, basic and diluted (in dollars per share) $ (0.18) $ (1.38) $ (0.86) $ (3.11)
Weighted average common shares outstanding, basic and diluted (in shares) 40,269,937 7,415,777 29,209,970 7,401,842