Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.2.0.727
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue $ 27,245 $ 17,517 $ 47,575 $ 22,459
Cost of sales 18,173 11,954 31,332 15,293
Gross profit 9,072 5,563 16,243 7,166
Selling, general and administrative:        
Acquisition, severance and transition costs 453 254 752 700
Amortization and depreciation 1,145 1,525 2,178 2,079
Stock-based compensation 629 229 1,163 361
Other selling, general and administrative 7,738 6,254 14,212 9,695
Research and development 221 474 906 978
Total operating expenses 10,186 8,736 19,211 13,813
Operating loss (1,114) (3,173) (2,968) (6,647)
Other expense:        
Interest expense and other bank charges (374) (381) (566) (477)
Loss before taxes (1,488) (3,554) (3,534) (7,124)
Deferred income tax benefit   5,964   5,964
Net (loss) income (1,488) 2,410 (3,534) (1,160)
Accrual of preferred stock dividends   (404)   (804)
Accretion to redemption value of Series E, F and G preferred stock   (906)   (913)
Net (loss) income attributable to common stockholders $ (1,488) $ 1,100 $ (3,534) $ (2,877)
Net (loss) income per common share attributable to common stockholders - Basic $ (0.01) $ 0.01 $ (0.03) $ (0.03)
Net (loss) income per common share attributable to common stockholders - Diluted $ (0.01) $ 0.01 $ (0.03) $ (0.03)
Weighted average shares outstanding - Basic 143,728 89,086 141,281 85,379
Weighted average shares outstanding - Diluted 143,728 110,130 141,281 85,379