Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.7.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]    
Revenue, net $ 26,009 $ 42,912
Cost of revenue 19,539 27,699 [1]
Gross profit 6,470 15,213
Operating expenses:    
Advertising and promotion 1,888 4,287
Salaries and benefits 3,269 9,620
Selling, general and administrative 2,886 4,243
Research and development 137 863
Professional fees 882 1,388
Restructuring and other charges 0 574
Total operating expenses 9,062 20,975
Loss from operations (2,592) (5,762)
Gain on settlement of accounts payable 449 0
Other expense, net (978) (712)
Loss before provision for income taxes (3,121) (6,474)
Provision for income taxes 28 131
Net loss $ (3,149) $ (6,605)
Net loss per share, basic and diluted $ (0.23) $ (.48)
Weighted average shares used to compute net loss per share, basic and diluted 13,773,508 13,896,876
[1] Cost of revenue for the three months ended March 31, 2016 included restructuring charges of $1.7 million related to write-down of inventory for discontinued products.