Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.3.1.900
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues $ 129,656 $ 76,840 $ 26,060
Cost of sales 86,366 52,617 16,108
Gross profit 43,290 24,223 9,952
Selling, general and administrative:      
Acquisition, severance and transition costs 1,950 2,488 3,541
Amortization and depreciation 4,868 5,644 3,122
Stock-based compensation 2,719 1,711 809
Other selling, general and administrative 32,179 23,204 11,193
Research and development 2,475 2,076 1,809
Total operating expenses 44,191 35,123 20,474
Operating loss (901) (10,900) (10,522)
Other income (expense):      
Change in fair value of embedded derivative     (6,990)
Gain on bargain purchase of business     743
Interest expense and other bank charges (1,481) (830) (52)
Total other expense, net (1,481) (830) (6,299)
Loss before income taxes (2,382) (11,730) (16,821)
Deferred income tax benefit   6,550  
Net loss (2,382) (5,180) (16,821)
Accretion of preferred stock to redemption value, beneficial conversion feature and discount   (919) (2,290)
Accrual of preferred stock dividends   (1,445) (1,360)
Deemed distribution on exchange of preferred stock   (5,301)  
Net loss attributable to common stockholders $ (2,382) $ (12,845) $ (20,471)
Basic and diluted loss per common share:      
Net loss per common share attributable to common stockholders - Basic and Diluted $ (0.02) $ (0.14) $ (0.26)
Weighted average shares outstanding - Basic and Diluted 149,297 92,158 77,317