2014 Q1 Form 10-K Financial Statement

#000114420414014655 Filed on March 11, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2012 Q4 2012 Q3
Revenue $31.11M $24.34M $22.07M
YoY Change 25.82% 31.3% 32.38%
Cost Of Revenue $11.27M $7.600M $6.973M
YoY Change 33.91% 34.75% 32.19%
Gross Profit $19.84M $16.74M $15.10M
YoY Change 21.65% 29.72% 32.46%
Gross Profit Margin 63.78% 68.76% 68.41%
Selling, General & Admin $16.06M $15.34M $13.28M
YoY Change 10.2% 26.36% 23.99%
% of Gross Profit 80.96% 91.66% 87.99%
Research & Development $6.569M $5.210M $4.771M
YoY Change 29.8% 27.38% 19.84%
% of Gross Profit 33.11% 31.13% 31.6%
Depreciation & Amortization $1.826M $1.560M $1.290M
YoY Change 18.96% 65.38%
% of Gross Profit 9.2% 9.32% 8.54%
Operating Expenses $24.50M $20.72M $18.81M
YoY Change 21.39% 27.74% 28.01%
Operating Profit -$4.658M -$4.606M -$3.713M
YoY Change 20.3% 38.44% 12.62%
Interest Expense -$10.00K $20.00K $40.00K
YoY Change -150.0% -111.76% -123.53%
% of Operating Profit
Other Income/Expense, Net -$112.0K -$20.00K $42.00K
YoY Change -62.54% -87.5% -107.2%
Pretax Income -$4.770M -$4.610M -$3.671M
YoY Change 14.36% 25.96% -5.39%
Income Tax $67.00K -$270.0K -$3.280M
% Of Pretax Income
Net Earnings -$4.837M -$4.651M -$611.0K
YoY Change 14.38% 22.91% -84.64%
Net Earnings / Revenue -15.55% -19.11% -2.77%
Basic Earnings Per Share -$0.16
Diluted Earnings Per Share -$0.16 -$267.4K -$22.20K
COMMON SHARES
Basic Shares Outstanding 32.02M shares 27.82M shares 27.51M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q1 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $21.40M $30.00M $26.70M
YoY Change -20.45% 74.42%
Cash & Equivalents $19.76M $21.71M $16.94M
Short-Term Investments $1.700M $8.300M $9.800M
Other Short-Term Assets $5.900M $1.490M $4.100M
YoY Change 22.92% -16.01%
Inventory
Prepaid Expenses $1.497M
Receivables $22.14M $18.96M $19.39M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $49.54M $52.20M $50.17M
YoY Change -7.1% 48.08%
LONG-TERM ASSETS
Property, Plant & Equipment $11.15M $8.400M $9.282M
YoY Change 45.48% 38.18%
Goodwill $51.05M $22.02M $21.92M
YoY Change 131.87% 828.25%
Intangibles $19.38M $10.39M $10.82M
YoY Change 94.62%
Long-Term Investments $3.100M $4.000M
YoY Change
Other Assets $815.0K $714.0K $493.0K
YoY Change 15.77% -16.59%
Total Long-Term Assets $82.60M $44.79M $46.78M
YoY Change 95.7% 270.65%
TOTAL ASSETS
Total Short-Term Assets $49.54M $52.20M $50.17M
Total Long-Term Assets $82.60M $44.79M $46.78M
Total Assets $132.1M $96.99M $96.95M
YoY Change 38.32% 104.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.527M $619.0K $882.0K
YoY Change 31.75% -69.45%
Accrued Expenses $10.46M $11.64M $9.316M
YoY Change 7.98% 32.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $1.300M
YoY Change
Total Short-Term Liabilities $40.94M $31.36M $29.20M
YoY Change 21.27% 25.19%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $2.883M $1.027M $713.0K
YoY Change 133.25% 1233.77%
Total Long-Term Liabilities $2.883M $1.027M $713.0K
YoY Change 133.25% -83.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $40.94M $31.36M $29.20M
Total Long-Term Liabilities $2.883M $1.027M $713.0K
Total Liabilities $44.00M $32.50M $30.11M
YoY Change 25.44% 1.34%
SHAREHOLDERS EQUITY
Retained Earnings -$121.0M -$105.9M -$101.2M
YoY Change 9.87% -1.3%
Common Stock $32.00K $28.00K $28.00K
YoY Change 14.29% 460.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $88.14M $62.65M $65.31M
YoY Change
Total Liabilities & Shareholders Equity $132.1M $96.99M $96.95M
YoY Change 38.32% 104.89%

Cashflow Statement

Concept 2014 Q1 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income -$4.837M -$4.651M -$611.0K
YoY Change 14.38% 22.91% -84.64%
Depreciation, Depletion And Amortization $1.826M $1.560M $1.290M
YoY Change 18.96% 65.38%
Cash From Operating Activities -$4.930M $2.690M $0.00
YoY Change 75.2% -100.0%
INVESTING ACTIVITIES
Capital Expenditures $206.0K -$190.0K -$1.440M
YoY Change 63.49% 48.45%
Acquisitions $9.100M
YoY Change
Other Investing Activities -$7.590M $2.440M -$27.05M
YoY Change -365.38% -67725.0%
Cash From Investing Activities -$8.360M $2.250M -$28.49M
YoY Change -405.78% 2963.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -110.0K 300.0K 700.0K
YoY Change -88.73% 536.36%
NET CHANGE
Cash From Operating Activities -4.930M 2.690M 0.000
Cash From Investing Activities -8.360M 2.250M -28.49M
Cash From Financing Activities -110.0K 300.0K 700.0K
Net Change In Cash -13.40M 5.240M -27.79M
YoY Change 1168.94% 409.91%
FREE CASH FLOW
Cash From Operating Activities -$4.930M $2.690M $0.00
Capital Expenditures $206.0K -$190.0K -$1.440M
Free Cash Flow -$5.136M $2.880M $1.440M
YoY Change 74.69% -139.34%

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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <h2 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 5pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Off-Balance Sheet Risk and Concentration of Credit Risk</h2> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The Company has no significant off-balance sheet risk, such as foreign exchange contracts, option contracts, or other foreign hedging arrangements. Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash, cash equivalents, investments and trade accounts receivable. The Company maintains its cash and cash equivalents and investments principally with accredited financial institutions of high credit standing. Although the Company deposits its cash with multiple financial institutions, its deposits, at times, may exceed federally insured limits. The Company routinely assesses the creditworthiness of its customers. The Company generally has not experienced any material losses related to receivables from individual customers, or groups of customers. The Company does not require collateral. Due to these factors, no additional credit risk beyond amounts provided for collection losses is believed by management to be probable in the Company&#39;s accounts receivable.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> For the years ended December 31, 2013, 2012 and 2011, no individual customer accounted for more than 10% of total revenue.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> As of December 31, 2013 and 2012, no individual customer accounted for more than 10% of net accounts receivable.</p> <!--EndFragment--></div> </div>
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IntangibleAssetsNetExcludingGoodwill
8668000 USD
CY2012Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
10387000 USD
CY2013 us-gaap Interest Expense
InterestExpense
USD
CY2012 us-gaap Interest Expense
InterestExpense
241000 USD
CY2011 us-gaap Interest Expense
InterestExpense
358000 USD
CY2013 us-gaap Interest Income Other
InterestIncomeOther
58000 USD
CY2012 us-gaap Interest Income Other
InterestIncomeOther
106000 USD
CY2011 us-gaap Interest Income Other
InterestIncomeOther
23000 USD
CY2013 us-gaap Interest Paid
InterestPaid
USD
CY2012 us-gaap Interest Paid
InterestPaid
303000 USD
CY2011 us-gaap Interest Paid
InterestPaid
298000 USD
CY2013 us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
73000 USD
CY2012 us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
133000 USD
CY2011 us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
USD
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
5328000 USD
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
4197000 USD
CY2011 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2396000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
42746000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
96993000 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
41166000 USD
CY2012Q4 us-gaap Liabilities Current
LiabilitiesCurrent
31361000 USD
CY2013Q4 us-gaap Long Term Investments
LongTermInvestments
USD
CY2012Q4 us-gaap Long Term Investments
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3069000 USD
CY2013Q4 us-gaap Minority Interest
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CY2012Q4 us-gaap Minority Interest
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1842000 USD
CY2011Q4 us-gaap Minority Interest
MinorityInterest
1108000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
746000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
51109000 USD
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5188000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
4266000 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-45000000 USD
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1365000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
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7318000 USD
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11485000 USD
CY2012Q3 us-gaap Net Income Loss
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-611000 USD
CY2011 us-gaap Operating Expenses
OperatingExpenses
59471000 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1209000 USD
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7199000 USD
CY2013 us-gaap Net Income Loss
NetIncomeLoss
-10262000 USD
CY2012 us-gaap Net Income Loss
NetIncomeLoss
-13186000 USD
CY2011 us-gaap Net Income Loss
NetIncomeLoss
-17635000 USD
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
-1243000 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
-1268000 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
-3522000 USD
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
-4229000 USD
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
-4651000 USD
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
-4338000 USD
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
-3586000 USD
CY2013 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
20000 USD
CY2012 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
734000 USD
CY2011 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
361000 USD
CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-10262000 USD
CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13919000 USD
CY2011 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-23274000 USD
CY2013 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-536000 USD
CY2012 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-494000 USD
CY2011 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1054000 USD
CY2013 us-gaap Operating Expenses
OperatingExpenses
82599000 USD
CY2012 us-gaap Operating Expenses
OperatingExpenses
76036000 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
-9494000 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
-15447000 USD
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
-16130000 USD
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-1003000 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-1317000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-3302000 USD
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-3872000 USD
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-4606000 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-3713000 USD
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-3886000 USD
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-3242000 USD
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OperatingLeasesFutureMinimumPaymentsDue
30232000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
4570000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
3599000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
3579000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
3369000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
3630000 USD
CY2013 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
0 USD
CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
27210000 USD
CY2012 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
88000 USD
CY2011 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
158000 USD
CY2013 us-gaap Operating Loss Carryforwards Expiration Date
OperatingLossCarryforwardsExpirationDate
2033-12-31
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1677000 USD
CY2012Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1110000 USD
CY2013Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1116000 USD
CY2012Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1490000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1519000 USD
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
714000 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1025000 USD
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-484000 USD
CY2011 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
242000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1025000 USD
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-484000 USD
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
242000 USD
CY2013 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
7585000 USD
CY2012 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
4831000 USD
CY2011 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
4744000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1333000 USD
CY2012Q4 us-gaap Other Liabilities Noncurrent
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1027000 USD
CY2013 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-594000 USD
CY2012 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-359000 USD
CY2011 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-719000 USD
CY2013 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
6779000 USD
CY2012 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
3716000 USD
CY2011 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
3394000 USD
CY2013 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
USD
CY2012 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
USD
CY2011 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2287000 USD
CY2012Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
4300000 USD
CY2013 us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
1084000 USD
CY2012 us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
USD
CY2011 us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
USD
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6299000 USD
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4064000 USD
CY2013 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
500000 USD
CY2012 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
24000 USD
CY2011 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
354000 USD
CY2012Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2011 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
USD
CY2013 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
USD
CY2012 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
14063000 USD
CY2011 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3415000 USD
CY2012 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
-39000 USD
CY2011 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
-308000 USD
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2012Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2012Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2013Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
2895000 USD
CY2012Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1497000 USD
CY2012 us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
142000 USD
CY2013 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <h2 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 5pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Reclassification</h2> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The Company previously reported in its consolidated balance sheet Deferred revenue and Deferred revenue, net of current portion of $18,961 and $255, respectively, in the Company&#39;s Annual Report on Form 10-K for the year ended December 31, 2012. In its Annual Report on Form 10-K for the year ended December 31, 2013, the Company reclassified $142 for the year ended December 31, 2012 from Deferred revenue, net of current portion to Deferred revenue. This reclassification had no impact on the previously reported results of operations or cash flows.</p> <!--EndFragment--></div> </div>
CY2013 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
USD
CY2012 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
56763000 USD
CY2011 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
USD
CY2013 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
USD
CY2012 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
USD
CY2011 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
7000000 USD
CY2013 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
8200000 USD
CY2012 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
2596000 USD
CY2011 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
USD
CY2013 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
USD
CY2012 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
USD
CY2011 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
2732000 USD
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1830000 USD
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1346000 USD
CY2011 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
475000 USD
CY2013 us-gaap Profit Loss
ProfitLoss
-10242000 USD
CY2012 us-gaap Profit Loss
ProfitLoss
-12452000 USD
CY2011 us-gaap Profit Loss
ProfitLoss
-17274000 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
25206000 USD
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
20700000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8795000 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8400000 USD
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
449000 USD
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
137000 USD
CY2011 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
52000 USD
CY2011 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
15267000 USD
CY2013 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
USD
CY2012 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
7000000 USD
CY2011 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
USD
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
21052000 USD
CY2012 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
18725000 USD
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RestrictedCashAndCashEquivalents
322000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
303000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
121000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
102000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
201000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
201000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-116124000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-105862000 USD
CY2013 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
42000 USD
CY2012 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
3516000 USD
CY2011 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
3479000 USD
CY2013 us-gaap Revenues
Revenues
109895000 USD
CY2012 us-gaap Revenues
Revenues
87973000 USD
CY2011 us-gaap Revenues
Revenues
63563000 USD
CY2013Q4 us-gaap Revenues
Revenues
29746000 USD
CY2013Q3 us-gaap Revenues
Revenues
28527000 USD
CY2013Q2 us-gaap Revenues
Revenues
26901000 USD
CY2013Q1 us-gaap Revenues
Revenues
24721000 USD
CY2012Q4 us-gaap Revenues
Revenues
24338000 USD
CY2012Q3 us-gaap Revenues
Revenues
22071000 USD
CY2012Q2 us-gaap Revenues
Revenues
21620000 USD
CY2012Q1 us-gaap Revenues
Revenues
19944000 USD
CY2013 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
41000000 USD
CY2012 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
38725000 USD
CY2011 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
31564000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
6401000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
5843000 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
4197000 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1177716 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Payments
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendPayments
0 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Payments
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendPayments
USD
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Payments
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendPayments
USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1046018 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3108000 USD
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
8594000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.34
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
7.74
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.28
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3060583 shares
CY2012Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
11.00
CY2013Q4 us-gaap Short Term Investments
ShortTermInvestments
3061000 USD
CY2012Q4 us-gaap Short Term Investments
ShortTermInvestments
8264000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
60380000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
62650000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
60380000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
64492000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-105085000 USD
CY2010Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-86937000 USD
CY2012Q1 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
750000 shares
CY2012Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
5750000 shares
CY2012 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
15781 shares
CY2012 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
121124000 USD
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
54476000 USD
CY2013 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
USD
CY2012 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
USD
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1830000 USD
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1346000 USD
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
475000 USD
CY2013 us-gaap Subscription Revenue
SubscriptionRevenue
103116000 USD
CY2012 us-gaap Subscription Revenue
SubscriptionRevenue
84257000 USD
CY2011 us-gaap Subscription Revenue
SubscriptionRevenue
60169000 USD
CY2013 us-gaap Tax Credit Carryforward Expiration Date
TaxCreditCarryforwardExpirationDate
2033-12-31
CY2013Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
1367000 USD
CY2012Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
1386000 USD
CY2013 us-gaap Temporary Equity Accretion Of Dividends
TemporaryEquityAccretionOfDividends
USD
CY2012 us-gaap Temporary Equity Accretion Of Dividends
TemporaryEquityAccretionOfDividends
-733000 USD
CY2011 us-gaap Temporary Equity Accretion Of Dividends
TemporaryEquityAccretionOfDividends
-5639000 USD
CY2013Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
5262000 USD
CY2013Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
19000 USD
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="MIN-WIDTH: 708px; TEXT-ALIGN: center"> <!--StartFragment--> <h2 style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 5pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 0pt"> Use of Estimates and Uncertainties</h2> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The preparation of financial statements in conformity with generally accepted accounting principles in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts expensed during the reporting period. Actual results could differ from those estimates.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Significant estimates relied upon in preparing these consolidated financial statements include revenue recognition and revenue reserves, allowances for doubtful accounts, contingent liabilities, expensing and capitalization of research and development costs for internal-use software, intangible asset valuations, amortization periods, expected future cash flows used to evaluate the recoverability of long-lived assets, the determination of the fair value of stock awards issued, stock-based compensation expense, and the recoverability of the Company&#39;s net deferred tax assets and related valuation allowance.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> Although the Company regularly assesses these estimates, actual results could differ materially from these estimates. Changes in estimates are recorded in the period in which they become known. The Company bases its estimates on historical experience and various other assumptions that it believes to be reasonable under the circumstances. Actual results may differ from management&#39;s estimates if these results differ from historical experience, or other assumptions do not turn out to be substantially accurate, even if such assumptions are reasonable when made.</p> <p style="TEXT-TRANSFORM: none; PADDING-BOTTOM: 3pt; TEXT-ALIGN: left; PADDING-TOP: 3pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-LEFT: 4px; MARGIN: 0pt; PADDING-RIGHT: 0pt; TEXT-INDENT: 20px"> The Company is subject to a number of risks and uncertainties common to companies in similar industries and stages of development including, but not limited to, rapid technological changes, competition from substitute products and services from larger companies, customer concentration, management of international activities, protection of proprietary rights, patent litigation, and dependence on key individuals.</p> <!--EndFragment--></div> </div>
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
36 shares
CY2011 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
97 shares
CY2013 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
28351 shares
CY2012 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
24626 shares
CY2011 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
4900 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28351 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24662 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4997 shares

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