Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.19.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue:        
Total Revenue $ 16,274,000 $ 14,809,000 $ 29,885,000 $ 28,188,000
Cost of revenue:        
Total Cost of revenue 9,203,000 8,394,000 15,796,000 15,311,000
Gross profit 7,071,000 6,415,000 14,089,000 12,877,000
Operating expenses:        
Selling, general and administrative expenses 5,993,000 5,844,000 12,103,000 11,361,000
Research and development expenses 2,024,000 1,542,000 3,684,000 3,285,000
Acquisition-related expenses 1,613,000 149,000 3,062,000 328,000
Total Operating expenses 9,630,000 7,535,000 18,849,000 14,974,000
Loss from operations (2,559,000) (1,120,000) (4,760,000) (2,097,000)
Interest income 8,000 74,000 73,000 151,000
Interest expense (26,000) (59,000) (46,000) (116,000)
Other expense, net (8,000) (11,000) (46,000) (44,000)
Net loss $ (2,585,000) $ (1,116,000) $ (4,779,000) $ (2,106,000)
Net loss per share - basic and diluted $ (0.15) $ (0.07) $ (0.27) $ (0.12)
Weighted average common shares outstanding - basic and diluted 17,678,000 17,066,000 17,650,000 17,024,000
Products [Member]        
Revenue:        
Total Revenue $ 10,643,000 $ 10,784,000 $ 17,892,000 $ 20,682,000
Cost of revenue:        
Total Cost of revenue 7,062,000 7,408,000 11,301,000 13,250,000
Service [Member]        
Revenue:        
Total Revenue 5,631,000 4,025,000 11,993,000 7,506,000
Cost of revenue:        
Total Cost of revenue $ 2,141,000 $ 986,000 $ 4,495,000 $ 2,061,000