Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data (unaudited)

v3.3.1.900
Selected Quarterly Financial Data (unaudited)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (unaudited)
Selected Quarterly Financial Data (unaudited)
Certain components of quarterly net income (loss) disclosed below differ from those as reported in the Company's respective quarterly reports on Form 10-Q filed in 2015. Specifically, certain amounts included in cost of revenue in the quarterly reports have been reclassified as sales and marketing expense, resulting in a change to gross profit, to conform to the presentation in the Consolidated Statements of Operations in this Annual Report on Form 10-K. This reclassification did not result in a change in net income (loss) during the respective interim periods.
The above reclassification resulted in an increase in gross profit of $1.0 million during each of the three month periods ended June 30, 2015 and September 30, 2015, and an increase in gross profit of $0.1 million during the three month period ended March 31, 2015. The following selected unaudited quarterly financial information for the years ended December 31, 2015 and 2014 reflects results which have been adjusted for the reclassifications discussed above (in thousands, except per share amounts).
 
Three Months Ended
 
December 31,
2015
 
September 30,
2015
 
June 30,
2015
 
March 31,
2015
 
December 31,
2014
 
September 30,
2014
 
June 30,
2014
 
March 31,
2014
 
 
 
Adjusted
 
Adjusted
 
Adjusted
 
 
 
 
 
 
 
 
Revenue:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
On demand
$
117,090

 
$
116,772

 
$
110,640

 
$
106,460

 
$
101,261

 
$
100,747

 
$
91,606

 
$
97,008

On premise
669

 
834

 
726

 
741

 
648

 
755

 
826

 
865

Professional and other
3,941

 
3,982

 
3,396

 
3,269

 
2,555

 
3,034

 
2,556

 
2,690

Total revenue
121,700

 
121,588

 
114,762

 
110,470

 
104,464

 
104,536

 
94,988

 
100,563

Gross profit
70,882

 
69,848

 
66,269

 
62,908

 
57,946

 
58,225

 
52,873

 
60,636

Net income (loss)
3,900

 
(8,192
)
 
(3,318
)
 
(1,608
)
 
110

 
(3,257
)
 
(6,291
)
 
(836
)
Net income (loss) per share attributable to common stockholders
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic and Diluted
$
0.05

 
$
(0.11
)
 
$
(0.04
)
 
$
(0.02
)
 
$
0.00

 
$
(0.04
)
 
$
(0.08
)
 
$
(0.01
)

The above financial information should be read in conjunction with the consolidated financial statements and notes thereto included herein.