Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data (Unaudited) (Tables)

v2.4.0.8
Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
The following quarterly consolidated statements of operations for the quarters in the years ended December 31, 2013 and 2012 are unaudited, and have been prepared on a basis consistent with our audited consolidated annual financial statements, and include, in the opinion of management, all normal recurring adjustments necessary for the fair statement of the financial information contained in those statements.
 
Quarter ended,
(in thousands)
March 31, 2012
 
June 30, 2012
 
September 30 2012
 
December 31, 2012
 
March 31, 2013
 
June 30, 2013
 
September 30, 2013
 
December 31, 2013
Revenue
$
18,507

 
$
16,836

 
$
19,305

 
$
14,562

 
$
42,513

 
$
62,831

 
$
74,518

 
$
79,860

Operating expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of sales
17,882

 
18,722

 
22,264

 
18,029

 
35,749

 
49,820

 
54,002

 
58,367

Sales and marketing expenses
1,215

 
777

 
1,055

 
888

 
2,287

 
2,399

 
3,758

 
1,871

Product development
649

 
850

 
758

 
389

 
1,337

 
2,327

 
2,282

 
3,122

General and administrative
2,897

 
3,030

 
3,176

 
5,431

 
24,059

 
12,745

 
17,056

 
16,784

Amortization of intangible assets
6

 
6

 
12

 
10

 
1,233

 
3,016

 
4,221

 
8,811

Total operating expenses
22,649

 
23,385

 
27,265

 
24,747

 
64,665

 
70,307

 
81,319

 
88,955

Loss from operations
(4,142
)
 
(6,549
)
 
(7,960
)
 
(10,185
)
 
(22,152
)
 
(7,476
)
 
(6,801
)
 
(9,095
)
Other income (expense), net
(3,386
)
 
(7,132
)
 
18

 
131

 
(176
)
 
(282
)
 
(267
)
 
(1,691
)
Change in fair value of financial instruments

 

 
248

 
(3,824
)
 
(4,615
)
 
(4,725
)
 
2,233

 
(56,854
)
Other income (expense), net
92

 
(92
)
 
(157
)
 
134

 
(44
)
 
13

 
601

 
(1,571
)
Loss before income taxes
(7,436
)
 
(13,773
)
 
(7,851
)
 
(13,744
)
 
(26,987
)
 
(12,470
)
 
(4,234
)
 
(69,211
)
Income tax expense

 

 

 

 
(34
)
 
(559
)
 
(1,161
)
 
(85
)
Net loss
(7,436
)
 
(13,773
)
 
(7,851
)
 
(13,744
)
 
(27,021
)
 
(13,029
)
 
(5,395
)
 
(69,296
)
Non-controlling interests

 

 

 

 
39

 
(108
)
 
(158
)
 
(63
)
Net loss attributable to common stockholders
$
(7,436
)
 
$
(13,773
)
 
$
(7,851
)
 
$
(13,744
)
 
$
(26,982
)
 
$
(13,137
)
 
$
(5,553
)
 
$
(69,359
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic and Diluted
$
(0.50
)
 
$
(0.86
)
 
$
(0.35
)
 
$
(0.59
)
 
$
(0.61
)
 
$
(0.24
)
 
$
(0.10
)
 
$
(1.19
)
Weighted average common shares basic and diluted
14,873

 
16,030

 
22,287

 
23,403

 
44,014

 
54,843

 
55,166

 
58,223