Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.19.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue:        
Total Revenue $ 16,884,000 $ 13,385,000 $ 46,769,000 $ 41,573,000
Cost of revenue:        
Total Cost of revenue 9,254,000 6,588,000 25,050,000 21,899,000
Gross profit 7,630,000 6,797,000 21,719,000 19,674,000
Operating expenses:        
Selling, general and administrative expenses 6,321,000 5,870,000 18,424,000 17,231,000
Research and development expenses 1,824,000 1,696,000 5,508,000 4,981,000
Acquisition-related expenses 1,611,000 51,000 4,673,000 379,000
Total Operating expenses 9,756,000 7,617,000 28,605,000 22,591,000
Loss from operations (2,126,000) (820,000) (6,886,000) (2,917,000)
Interest income 37,000 66,000 110,000 217,000
Interest expense (10,000) (34,000) (56,000) (150,000)
Other expense, net (109,000) (46,000) (153,000)
Net loss $ (2,099,000) $ (897,000) $ (6,878,000) $ (3,003,000)
Net loss per share - basic and diluted $ (0.12) $ (0.05) $ (0.39) $ (0.18)
Weighted average common shares outstanding - basic and diluted 17,929,000 17,312,000 17,744,000 17,121,000
Products [Member]        
Revenue:        
Total Revenue $ 11,062,000 $ 9,044,000 $ 28,954,000 $ 29,726,000
Cost of revenue:        
Total Cost of revenue 7,227,000 5,287,000 18,528,000 18,537,000
Service [Member]        
Revenue:        
Total Revenue 5,822,000 4,341,000 17,815,000 11,847,000
Cost of revenue:        
Total Cost of revenue $ 2,027,000 $ 1,301,000 $ 6,522,000 $ 3,362,000