Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Total revenues $ 33,548 $ 25,765 $ 62,539 $ 56,564
Cost of Revenues:        
Total Cost of revenues 17,503 11,722 32,024 27,655
Gross profit 16,045 14,043 30,515 28,909
Operating expenses:        
Selling, general and administrative expenses 13,421 12,166 27,029 27,269
Research and development expenses 2,779 2,582 5,524 5,754
Total Operating expenses 16,200 14,748 32,553 33,023
Loss from operations (155) (705) (2,038) (4,114)
Interest income 12 17 24 31
Interest expense (1,226) (1,484) (669) (1,339)
Other (expense) income, net (2) 5 (2) 7
Net loss before income taxes (1,371) (2,167) (2,685) (5,415)
Income tax benefit (expense) (67) (460) (540) (653)
Net loss before non-controlling interest (1,438) (2,627) (3,225) (6,068)
Non-controlling interest 1 1 1 16
Net loss (1,437) (2,626) (3,224) (6,052)
Accretion of preferred stock (168) (168) (336) (336)
Preferred stock dividend (1,028) (972) (2,056) (1,927)
Net loss attributable to common stockholders $ (2,633) $ (3,766) $ (5,616) $ (8,315)
Net loss per share attributable to common stockholders - basic and diluted $ (0.08) $ (0.13) $ (0.16) $ (0.28)
Weighted average common shares outstanding - basic and diluted 34,898 29,399 34,083 29,216
Product [Member]        
Revenues:        
Total revenues $ 15,466 $ 9,394 $ 26,886 $ 22,602
Cost of Revenues:        
Total Cost of revenues 10,862 6,023 19,014 15,325
Service [Member]        
Revenues:        
Total revenues 18,082 16,371 35,653 33,962
Cost of Revenues:        
Total Cost of revenues $ 6,641 $ 5,699 $ 13,010 $ 12,330