Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net revenues $ 28,850 $ 39,498 $ 99,081 $ 89,138
Cost of revenues 21,602 25,435 67,643 59,272
Gross profit 7,248 14,063 31,438 29,866
Operating expenses:        
Research and development 7,010 5,997 23,645 16,764
Sales and marketing 3,042 3,395 10,985 8,803
General and administrative 2,870 1,388 12,770 4,435
Restructuring costs 578   578  
Total operating expenses 13,500 10,780 47,978 30,002
Income (loss) from operations (6,252) 3,283 (16,540) (136)
Interest expense (235) (538) (1,211) (1,416)
Change in fair value of warrant liability   (644)   (644)
Other income (expense), net (248) 19 (522) (197)
Income (loss) before income taxes (6,735) 2,120 (18,273) (2,393)
Income tax benefit (expense) (33) 14 (784) (667)
Net income (loss) (6,768) 2,134 (19,057) (3,060)
Cumulative dividends on Series A, Series A-1 and Series A-2 preferred shares   (3,081)   (9,048)
Net loss attributable to common stockholders $ (6,768) $ (947) $ (19,057) $ (12,108)
Net loss per share attributable to common stockholders, basic and diluted $ (0.33) $ (0.91) $ (1.05) $ (11.69)
Weighted–average shares used in computing net loss per share attributable to common stockholders, basic and diluted 20,356,447 1,037,090 18,085,719 1,035,927