Quarterly report pursuant to Section 13 or 15(d)

Statements of Operations

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Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue        
Sales revenue $ 32,385 $ 20,464 $ 55,434 $ 35,321
Rental revenue 11,644 9,929 22,347 18,705
Total revenue 44,029 30,393 77,781 54,026
Cost of revenue        
Cost of sales revenue 17,866 10,682 30,455 18,223
Cost of rental revenue, including depreciation of $2,944 and $2,503 for the three months ended and $5,900 and $4,760 for the six months ended, respectively 5,341 4,597 10,481 8,751
Total cost of revenue 23,207 15,279 40,936 26,974
Gross profit        
Gross profit-sales revenue 14,519 9,782 24,979 17,098
Gross profit-rental revenue 6,303 5,332 11,866 9,954
Total gross profit 20,822 15,114 36,845 27,052
Operating expense        
Research and development 975 879 1,838 1,514
Sales and marketing 7,567 6,364 14,491 12,069
General and administrative 6,935 3,908 12,653 7,957
Total operating expense 15,477 11,151 28,982 21,540
Income from operations 5,345 3,963 7,863 5,512
Other income (expense)        
Interest expense (6) (203) (13) (336)
Interest income 26 12 38 18
Change in fair value of preferred stock warrant liability       36
Other income (expense) (51) 4 (156) 11
Total other expense, net (31) (187) (131) (271)
Income before provision for income taxes 5,314 3,776 7,732 5,241
Provision for income taxes 1,855 1,490 2,701 2,067
Net income $ 3,459 $ 2,286 $ 5,031 $ 3,174
Basic net income per share attributable to common stockholders (Note 2) $ 0.18 $ 0.13 $ 0.26 $ 0.13
Diluted net income per share attributable to common stockholders (Note 2) $ 0.17 $ 0.11 $ 0.24 $ 0.11
Weighted-average number of shares used in calculating net income per share attributable to common stockholders:        
Basic common shares 19,310,064 18,201,661 19,239,218 13,843,803
Diluted common shares 20,672,414 20,146,915 20,617,342 15,826,754