Income Statement

v3.7.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenue $ 172,121 $ 129,656 $ 76,840
Cost of sales 116,250 86,366 52,617
Gross profit 55,871 43,290 24,223
Selling, general and administrative expenses:      
Acquisition, severance and transition costs 3,851 1,950 2,488
Amortization and depreciation 6,115 4,868 5,644
Stock-based compensation 2,141 2,719 1,711
Other selling, general and administrative 39,408 32,179 23,204
Research and development 2,372 2,475 2,076
Total operating expenses 53,887 44,191 35,123
Operating income (loss) 1,984 (901) (10,900)
Interest expense and other bank charges (2,506) (1,481) (830)
Loss before income taxes (522) (2,382) (11,730)
Deferred income tax benefit     6,550
Net loss (522) (2,382) (5,180)
Accretion of preferred stock redemption value, beneficial conversion feature, and discount     (919)
Accrual of preferred stock dividends     (1,445)
Deemed distribution on exchange of preferred stock     (5,301)
Net loss attributable to common stockholders $ (522) $ (2,382) $ (12,845)
Loss per share, basic and diluted $ (0.03) $ (0.16) $ (1.39)
Weighted average shares outstanding, basic and diluted 19,034 14,930 9,216

Source