Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.20.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Total Revenue $ 81,915 $ 53,064 $ 40,958
Cost of Revenues:      
Total Cost of revenue 43,551 27,266 20,031
Gross Profit 38,364 25,798 20,927
Operating expenses:      
Selling, general and administrative expenses 34,872 24,671 20,480
Research and development expenses 8,540 6,863 4,538
Acquisition-related expenses 5,135
Total Operating expenses 48,547 31,534 25,018
Loss from operations (10,183) (5,736) (4,091)
Interest income 125 262 253
Interest expense (948) (173) (342)
Other (expense) income, net (50) (165) (1)
Net loss before income taxes (11,056) (5,812) (4,181)
Income tax benefit 75 311
Net loss before non-controlling interest (10,981) (5,812) (3,870)
Non-controlling interest 18
Preferred stock dividends (1,084)
Net loss attributable to common stockholders $ (12,047) $ (5,812) $ (3,870)
Net loss per share - basic and diluted $ (0.59) $ (0.34) $ (0.26)
Weighted average common shares outstanding - basic and diluted 20,476,000 17,233,000 14,961,000
Products [Member]      
Revenues:      
Total Revenue $ 45,416 $ 36,897 $ 23,552
Cost of Revenues:      
Total Cost of revenue 29,982 22,638 13,453
Services [Member]      
Revenues:      
Total Revenue 36,499 16,167 17,406
Cost of Revenues:      
Total Cost of revenue $ 13,569 $ 4,628 $ 6,578