| Quarterly Results of Operations (Unaudited) |
12. Quarterly Results of Operations (Unaudited)
The following tables set forth our unaudited results of operations for each of the quarters in 2018 and 2017.
|
|
|
Year 2018 Quarters Ended
|
|
|
(in thousands, except per share data)
|
|
March 31
|
|
|
June 30
|
|
|
September 30
|
|
|
December 31
|
|
|
Net revenues
|
|
$
|
9,615
|
|
|
$
|
10,460
|
|
|
$
|
11,387
|
|
|
$
|
12,381
|
|
|
Gross profit
|
|
|
8,343
|
|
|
|
9,084
|
|
|
|
9,913
|
|
|
|
10,798
|
|
|
Gross margin
|
|
|
86.8
|
%
|
|
|
86.8
|
%
|
|
|
87.1
|
%
|
|
|
87.2
|
%
|
|
Loss from operations
|
|
|
(7,878
|
)
|
|
|
(6,509
|
)
|
|
|
(10,449
|
)
|
|
|
(11,256
|
)
|
|
Net loss
|
|
|
(6,035
|
)
|
|
|
(6,349
|
)
|
|
|
(10,329
|
)
|
|
|
(11,080
|
)
|
|
Basic and diluted net loss per share
|
|
$
|
(0.39
|
)
|
|
$
|
(0.35
|
)
|
|
$
|
(0.58
|
)
|
|
$
|
(0.62
|
)
|
|
Weighted average shares outstanding - basic and
diluted
|
|
|
15,364
|
|
|
|
17,890
|
|
|
|
17,890
|
|
|
|
17,890
|
|
|
|
|
Year 2017 Quarters Ended
|
|
|
(in thousands, except per share data)
|
|
March 31
|
|
|
June 30
|
|
|
September 30
|
|
|
December 31
|
|
|
Net revenues
|
|
$
|
5,784
|
|
|
$
|
6,558
|
|
|
$
|
7,522
|
|
|
$
|
8,426
|
|
|
Gross profit
|
|
|
4,964
|
|
|
|
5,647
|
|
|
|
6,485
|
|
|
|
7,267
|
|
|
Gross margin
|
|
|
85.8
|
%
|
|
|
86.1
|
%
|
|
|
86.2
|
%
|
|
|
86.2
|
%
|
|
Loss from continuing operations
|
|
|
(6,180
|
)
|
|
|
(6,310
|
)
|
|
|
(5,634
|
)
|
|
|
(5,577
|
)
|
|
Income from discontinued operations
|
|
|
—
|
|
|
|
—
|
|
|
|
429
|
|
|
|
—
|
|
|
Net loss
|
|
|
(6,180
|
)
|
|
|
(6,310
|
)
|
|
|
(5,205
|
)
|
|
|
(5,577
|
)
|
|
Basic and diluted net loss per share
|
|
$
|
(0.41
|
)
|
|
$
|
(0.42
|
)
|
|
$
|
(0.34
|
)
|
|
$
|
(0.37
|
)
|
|
Weighted average shares outstanding - basic and
diluted
|
|
|
15,153
|
|
|
|
15,157
|
|
|
|
15,161
|
|
|
|
15,168
|
|
|