Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data (Unaudited) (Notes)

v2.4.1.9
Quarterly Financial Data (Unaudited) (Notes)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited)
The following quarterly consolidated statements of operations for the quarters in the years ended December 31, 2014 and 2013 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, 2013
 
June 30, 2013
 
September 30 2013
 
December 31, 2013
 
March 31, 2014
 
June 30, 2014
 
September 30, 2014
 
December 31, 2014
Revenue
$
42,513

 
$
62,831

 
$
74,518

 
$
79,860

 
$
85,968

 
$
98,145

 
$
102,623

 
$
100,999

Operating expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of sales
35,749

 
49,820

 
54,002

 
58,367

 
65,117

 
74,608

 
73,618

 
68,530

Sales and marketing expenses
2,287

 
2,399

 
3,758

 
1,871

 
2,835

 
3,322

 
3,980

 
3,150

Product development
1,337

 
2,327

 
2,282

 
3,122

 
3,922

 
4,465

 
7,212

 
7,411

General and administrative
24,059

 
12,745

 
17,056

 
16,784

 
17,067

 
17,143

 
17,172

 
26,391

Amortization of intangible assets
1,233

 
3,016

 
4,221

 
8,811

 
6,419

 
6,146

 
6,049

 
5,938

Restructuring charges

 

 

 

 

 

 
2,606

 
1,617

Total operating expenses
64,665

 
70,307

 
81,319

 
88,955

 
95,360

 
105,684

 
110,637

 
113,037

Loss from operations
(22,152
)
 
(7,476
)
 
(6,801
)
 
(9,095
)
 
(9,392
)
 
(7,539
)
 
(8,014
)
 
(12,038
)
Other income (expense), net
(176
)
 
(282
)
 
(267
)
 
(1,691
)
 
(161
)
 
42

 
175

 
32

Change in fair value of financial instruments
(4,615
)
 
(4,725
)
 
2,233

 
(56,854
)
 
(15,518
)
 
21,326

 
(5,253
)
 
(7,510
)
Other income (expense), net
(44
)
 
13

 
601

 
(1,571
)
 
179

 
(990
)
 
(984
)
 
(975
)
Loss before income taxes
(26,987
)
 
(12,470
)
 
(4,234
)
 
(69,211
)
 
(24,892
)
 
12,839

 
(14,076
)
 
(20,491
)
Income tax expense
34

 
559

 
1,161

 
85

 
1,257

 
843

 
1,454

 
7,020

Net loss
(27,021
)
 
(13,029
)
 
(5,395
)
 
(69,296
)
 
(26,149
)
 
11,996

 
(15,530
)
 
(27,511
)
Non-controlling interests
(39
)
 
108

 
158

 
63

 
194

 

 

 

Net loss attributable to common stockholders
$
(26,982
)
 
$
(13,137
)
 
$
(5,553
)
 
$
(69,359
)
 
$
(26,343
)
 
$
11,996

 
$
(15,530
)
 
$
(27,511
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) per common share - basic
$
(0.61
)
 
$
(0.24
)
 
$
(0.10
)
 
$
(1.19
)
 
$
(0.37
)
 
$
0.17

 
$
(0.21
)
 
$
(0.36
)
Net income (loss) per common share - diluted
$
(0.61
)
 
$
(0.24
)
 
$
(0.10
)
 
$
(1.19
)
 
$
(0.37
)
 
$
(0.13
)
 
$
(0.21
)
 
$
(0.36
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares basic
44,014

 
54,843

 
55,166

 
58,223

 
71,978

 
71,988

 
72,877

 
76,313

Weighted average common shares diluted
44,014

 
54,843

 
55,166

 
58,223

 
71,978

 
72,468

 
72,877

 
76,313