Annual report pursuant to Section 13 and 15(d)

Statements of Operations

v3.3.1.900
Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenue      
Sales revenue $ 113,625 $ 73,096 $ 44,905
Rental revenue 45,380 39,441 30,538
Total revenue 159,005 112,537 75,443
Cost of revenue      
Cost of sales revenue 61,553 38,693 24,306
Cost of rental revenue, including depreciation of $11,965, $10,339 and $7,132, respectively 21,194 18,327 12,146
Total cost of revenue 82,747 57,020 36,452
Gross profit      
Gross profit-sales revenue 52,072 34,403 20,599
Gross profit-rental revenue 24,186 21,114 18,392
Total gross profit 76,258 55,517 38,991
Operating expense      
Research and development 4,180 2,977 2,398
Sales and marketing 31,369 24,087 18,375
General and administrative 25,658 17,942 13,754
Total operating expense 61,207 45,006 34,527
Income from operations 15,051 10,511 4,464
Other income (expense)      
Interest expense (22) (449) (562)
Interest income 102 42 12
Change in fair value of preferred stock warrant liability 0 36 (262)
Other income (expense) (404) (88) 196
Total other expense, net (324) (459) (616)
Income before provision (benefit) for income taxes 14,727 10,052 3,848
Provision (benefit) for income taxes 3,142 3,226 (21,587)
Net income 11,585 6,826 25,435
Other comprehensive loss, net of tax      
Unrealized loss on foreign currency hedging (14)    
Unrealized loss on available-for-sale investments (23)    
Total other comprehensive loss, net of tax (37)    
Comprehensive income $ 11,548 $ 6,826 $ 25,435
Basic net income per share attributable to common stockholders (Note 2) $ 0.60 $ 0.33 $ 0.76
Diluted net income per share attributable to common stockholders (Note 2) $ 0.56 $ 0.30 $ 0.68
Weighted-average number of shares used in calculating net income per share attributable to common stockholders:      
Basic common shares 19,398,991 16,182,569 276,535
Diluted common shares 20,708,170 18,037,498 2,008,156