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 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Total revenues $ 29,246 $ 27,602 $ 91,785 $ 84,166
Cost of Revenues:        
Total cost of revenue 14,981 12,679 47,005 40,334
Gross profit 14,265 14,923 44,780 43,832
Operating expenses:        
Selling, general and administrative expenses 13,959 11,636 40,988 38,905
Research and development expenses 2,735 2,535 8,259 8,289
Operating Expenses 16,694 14,171 49,247 47,194
Income (loss) from operations (2,429) 752 (4,467) (3,362)
Interest income 11 10 35 41
Interest expense (777) (817) (1,446) (2,156)
Other (expense) income, net 7 5 7
Net loss before income taxes (3,188) (55) (5,873) (5,470)
Income tax benefit (expense) (161) (529) (701) (1,182)
Net loss before non-controlling interest (3,349) (584) (6,574) (6,652)
Non-controlling interest 4 (6) 5 10
Net loss (3,345) (590) (6,569) (6,642)
Accretion of preferred stock (168) (168) (504) (504)
Preferred stock dividend (1,028) (991) (3,084) (2,918)
Net loss attributable to common stockholders $ (4,541) $ (1,749) $ (10,157) $ (10,064)
Net loss per share attributable to common stockholders - basic and diluted $ (0.13) $ (0.06) $ (0.30) $ (0.34)
Weighted average common shares outstanding - basic and diluted 35,019 30,143 34,398 29,528
Product [Member]        
Revenues:        
Total revenues $ 10,785 $ 10,914 $ 37,671 $ 33,516
Cost of Revenues:        
Total cost of revenue 8,172 6,700 27,186 22,025
Service [Member]        
Revenues:        
Total revenues 18,461 16,688 54,114 50,650
Cost of Revenues:        
Total cost of revenue $ 6,809 $ 5,979 $ 19,819 $ 18,309