2016 Q3 Form 10-Q Financial Statement
#000119312516676800 Filed on August 09, 2016
Income Statement
Concept | 2016 Q3 | 2016 Q2 | 2015 Q2 |
---|---|---|---|
Revenue | $40.34M | $37.27M | $25.79M |
YoY Change | 42.48% | 44.51% | 44.24% |
Cost Of Revenue | $10.04M | $9.293M | $6.727M |
YoY Change | 42.12% | 38.14% | 59.79% |
Gross Profit | $30.30M | $27.98M | $19.06M |
YoY Change | 42.6% | 46.75% | 39.45% |
Gross Profit Margin | 75.12% | 75.06% | 73.92% |
Selling, General & Admin | $28.89M | $28.32M | $19.51M |
YoY Change | 32.51% | 45.21% | 32.37% |
% of Gross Profit | 95.34% | 101.25% | 102.32% |
Research & Development | $11.62M | $12.93M | $8.131M |
YoY Change | 16.8% | 59.05% | 28.49% |
% of Gross Profit | 38.34% | 46.23% | 42.65% |
Depreciation & Amortization | $1.100M | $1.100M | $1.000M |
YoY Change | 0.0% | 10.0% | 11.11% |
% of Gross Profit | 3.63% | 3.93% | 5.25% |
Operating Expenses | $40.51M | $41.26M | $27.64M |
YoY Change | 27.59% | 49.28% | 31.21% |
Operating Profit | -$10.20M | -$13.28M | -$8.573M |
YoY Change | -2.8% | 54.92% | 15.96% |
Interest Expense | $44.00K | $26.00K | -$737.0K |
YoY Change | -104.12% | -103.53% | 4.84% |
% of Operating Profit | |||
Other Income/Expense, Net | $36.00K | -$48.00K | $163.0K |
YoY Change | -173.47% | -129.45% | 3975.0% |
Pretax Income | -$10.12M | -$13.30M | -$9.147M |
YoY Change | -12.83% | 45.44% | 13.04% |
Income Tax | $70.00K | $149.0K | $97.00K |
% Of Pretax Income | |||
Net Earnings | -$10.19M | -$13.45M | -$9.244M |
YoY Change | -13.79% | 45.52% | 12.91% |
Net Earnings / Revenue | -25.27% | -36.1% | -35.84% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$245.8K | -$328.5K | -$237.1K |
COMMON SHARES | |||
Basic Shares Outstanding | 42.07M shares | 41.94M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2016 Q3 | 2016 Q2 | 2015 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $87.70M | $84.80M | $27.00M |
YoY Change | -29.27% | 214.07% | |
Cash & Equivalents | $87.72M | $84.76M | $27.00M |
Short-Term Investments | |||
Other Short-Term Assets | $6.700M | $7.200M | $6.300M |
YoY Change | 59.52% | 14.29% | |
Inventory | |||
Prepaid Expenses | |||
Receivables | $38.30M | $38.70M | $26.40M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $132.7M | $130.6M | $59.66M |
YoY Change | -17.12% | 118.91% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $8.009M | $7.386M | $7.607M |
YoY Change | 8.88% | -2.91% | |
Goodwill | $75.11M | $75.05M | $15.76M |
YoY Change | 373.97% | 376.25% | |
Intangibles | $2.767M | ||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $800.0K | $600.0K | $700.0K |
YoY Change | 14.29% | -14.29% | |
Total Long-Term Assets | $93.33M | $93.25M | $26.81M |
YoY Change | 253.25% | 247.77% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $132.7M | $130.6M | $59.66M |
Total Long-Term Assets | $93.33M | $93.25M | $26.81M |
Total Assets | $226.0M | $223.9M | $86.47M |
YoY Change | 21.17% | 158.87% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $2.675M | $4.200M | $2.990M |
YoY Change | -6.73% | 40.47% | |
Accrued Expenses | $22.23M | $19.80M | $12.77M |
YoY Change | 41.34% | 55.1% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $3.976M | ||
YoY Change | |||
Total Short-Term Liabilities | $130.9M | $124.4M | $86.76M |
YoY Change | 39.32% | 43.39% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $13.17M |
YoY Change | -100.0% | ||
Other Long-Term Liabilities | $2.872M | $2.939M | $5.050M |
YoY Change | -33.29% | -41.8% | |
Total Long-Term Liabilities | $2.872M | $2.939M | $18.22M |
YoY Change | -33.29% | -83.87% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $130.9M | $124.4M | $86.76M |
Total Long-Term Liabilities | $2.872M | $2.939M | $18.22M |
Total Liabilities | $178.4M | $172.7M | $136.5M |
YoY Change | 33.05% | 26.57% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$379.6M | -$369.4M | -$293.2M |
YoY Change | 18.9% | 25.96% | |
Common Stock | $425.0K | $421.0K | $132.0K |
YoY Change | 7.87% | 218.94% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $4.154M | $4.154M | $3.526M |
YoY Change | 17.81% | 17.81% | |
Treasury Stock Shares | 448.6K shares | 448.6K shares | 401.6K shares |
Shareholders Equity | $47.65M | $51.15M | -$296.6M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $226.0M | $223.9M | $86.47M |
YoY Change | 21.17% | 158.87% |
Cashflow Statement
Concept | 2016 Q3 | 2016 Q2 | 2015 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$10.19M | -$13.45M | -$9.244M |
YoY Change | -13.79% | 45.52% | 12.91% |
Depreciation, Depletion And Amortization | $1.100M | $1.100M | $1.000M |
YoY Change | 0.0% | 10.0% | 11.11% |
Cash From Operating Activities | $1.790M | $1.860M | -$1.240M |
YoY Change | -21.15% | -250.0% | -45.61% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$1.470M | -$750.0K | -$630.0K |
YoY Change | -10.37% | 19.05% | -28.41% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | -$3.340M |
YoY Change | -100.0% | ||
Cash From Investing Activities | -$1.470M | -$750.0K | -$3.970M |
YoY Change | -10.37% | -81.11% | 351.14% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 2.650M | 210.0K | -1.290M |
YoY Change | -97.25% | -116.28% | 67.53% |
NET CHANGE | |||
Cash From Operating Activities | 1.790M | 1.860M | -1.240M |
Cash From Investing Activities | -1.470M | -750.0K | -3.970M |
Cash From Financing Activities | 2.650M | 210.0K | -1.290M |
Net Change In Cash | 2.970M | 1.320M | -6.500M |
YoY Change | -96.94% | -120.31% | 65.39% |
FREE CASH FLOW | |||
Cash From Operating Activities | $1.790M | $1.860M | -$1.240M |
Capital Expenditures | -$1.470M | -$750.0K | -$630.0K |
Free Cash Flow | $3.260M | $2.610M | -$610.0K |
YoY Change | -16.62% | -527.87% | -56.43% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2016Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
42512882 | shares |
CY2016Q2 | us-gaap |
Assets
Assets
|
223852000 | |
CY2016Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
1915000 | |
CY2016Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
2034000 | |
CY2016Q2 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
99360000 | |
CY2016Q2 | us-gaap |
Assets Current
AssetsCurrent
|
130601000 | |
CY2016Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
42074697 | shares |
CY2015Q2 | us-gaap |
Due From Employees Noncurrent
DueFromEmployeesNoncurrent
|
500000 | |
CY2015Q2 | us-gaap |
Cash
Cash
|
27000000 | |
CY2016Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
15110000 | |
CY2016Q2 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
38663000 | |
CY2016Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2016Q2 | us-gaap |
Cash
Cash
|
84755000 | |
CY2016Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
13932000 | |
CY2016Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
42064253 | shares |
CY2016Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2016Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
1880000 | |
CY2016Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
998000 | |
CY2016Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
421000 | |
CY2016Q2 | us-gaap |
Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
|
45362000 | |
CY2016Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
1119000 | |
CY2016Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
4200000 | |
CY2016Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
1434000 | |
CY2016Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
1837000 | |
CY2016Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
424249000 | |
CY2016Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
19798000 | |
CY2016Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2016Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2016Q2 | us-gaap |
Other Assets
OtherAssets
|
598000 | |
CY2016Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
4891000 | |
CY2015Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
11678000 | |
CY2016Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
1047000 | |
CY2016Q2 | us-gaap |
Liabilities
Liabilities
|
172706000 | |
CY2015Q4 | us-gaap |
Assets
Assets
|
230561000 | |
CY2016Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
223852000 | |
CY2016Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
10219000 | |
CY2015Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
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CY2016Q2 | us-gaap |
Goodwill
Goodwill
|
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CY2016Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
2939000 | |
CY2016Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
124405000 | |
CY2016Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
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CY2016Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
25351000 | |
CY2016Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
7386000 | |
CY2016Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
21318000 | |
CY2016Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
4.85 | |
CY2015Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
41942026 | shares |
CY2016Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
51146000 | |
CY2016Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
7.53 | |
CY2016Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
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CY2016Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
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CY2016Q2 | us-gaap |
Treasury Stock Shares
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CY2016Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
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CY2016Q2 | us-gaap |
Treasury Stock Value
TreasuryStockValue
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4154000 | |
CY2016Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
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CY2016Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
24942000 | |
CY2016Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
21785000 | |
CY2016Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
4382101 | shares |
CY2016Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
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7.12 | |
CY2016Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
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Cash
Cash
|
36823000 | |
CY2015Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
15110000 | |
CY2015Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
44164000 | |
CY2015Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2015Q4 | us-gaap |
Cash
Cash
|
86553000 | |
CY2015Q4 | us-gaap |
Assets Current
AssetsCurrent
|
136865000 | |
CY2015Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2015Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
730000 | |
CY2015Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
415000 | |
CY2015Q4 | us-gaap |
Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
|
42400000 | |
CY2015Q4 | us-gaap |
Accounts Payable Current
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|
2038000 | |
CY2015Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
87917000 | |
CY2015Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
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|
0.01 | |
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|
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us-gaap |
General And Administrative Expense
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|
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us-gaap |
Depreciation
Depreciation
|
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CY2015Q4 | us-gaap |
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OtherAssets
|
214000 | |
CY2015Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
3725000 | |
CY2015Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
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CY2015Q4 | us-gaap |
Liabilities
Liabilities
|
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us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
2361000 | ||
CY2015Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
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CY2015Q4 | us-gaap |
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|
24707000 | |
CY2015Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
230561000 | |
CY2015Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
11385000 | |
CY2015Q4 | us-gaap |
Goodwill
Goodwill
|
74565000 | |
CY2015Q4 | us-gaap |
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CY2015Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
115767000 | |
CY2015Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
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Property Plant And Equipment Net
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|
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Property Plant And Equipment Gross
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|
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CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
68075000 | |
CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
5.99 | |
CY2015Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-340338000 | |
CY2015Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
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CY2015Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
6148000 | |
CY2015Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
3526000 | |
CY2015Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
4246525 | shares |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
276000 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
21169248 | shares | |
us-gaap |
Cost Of Services Maintenance Costs
CostOfServicesMaintenanceCosts
|
2622000 | ||
us-gaap |
Effect Of Exchange Rate On Cash Continuing Operations
EffectOfExchangeRateOnCashContinuingOperations
|
-87000 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-4.10 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1406000 | ||
us-gaap |
Cash Period Increase Decrease
CashPeriodIncreaseDecrease
|
-9823000 | ||
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
500000 | ||
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-53000 | ||
us-gaap |
Cost Of Services
CostOfServices
|
7712000 | ||
us-gaap |
Cost Of Revenue
CostOfRevenue
|
13219000 | ||
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
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-1422000 | ||
us-gaap |
Revenues
Revenues
|
49361000 | ||
us-gaap |
Interest Paid
InterestPaid
|
1107000 | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-142000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-1082000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-16926000 | ||
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Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
82000 | ||
us-gaap |
Gross Profit
GrossProfit
|
36142000 | ||
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Operating Expenses
OperatingExpenses
|
51333000 | ||
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Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
376000 | ||
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
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Net Cash Provided By Used In Investing Activities Continuing Operations
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|
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Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
840000 | ||
us-gaap |
Maintenance Revenue
MaintenanceRevenue
|
12052000 | ||
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
3344000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1368000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1067000 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-51987000 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-15191000 | ||
us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
51000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-944000 | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
91000 | ||
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
12425000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
171000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-4253000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1195000 | ||
us-gaap |
Stock Issued1
StockIssued1
|
99000 | ||
us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
123000 | ||
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
14545000 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
705000 | ||
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
1526000 | ||
us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
9025000 | ||
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
27687000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1406000 | ||
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
12693900 | shares | |
rpd |
Initial Public Offering Cost Incurred But Not Yet Paid
InitialPublicOfferingCostIncurredButNotYetPaid
|
610000 | ||
rpd |
Temporary Equity Increase Decrease To Redemption Value Adjustment
TemporaryEquityIncreaseDecreaseToRedemptionValueAdjustment
|
35061000 | ||
rpd |
Cost Of Revenue Product
CostOfRevenueProduct
|
2885000 | ||
rpd |
Product Revenue
ProductRevenue
|
28284000 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
RAPID7, INC. | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
6300712 | shares | |
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001560327 | ||
us-gaap |
Cost Of Services Maintenance Costs
CostOfServicesMaintenanceCosts
|
3439000 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2016-06-30 | ||
us-gaap |
Effect Of Exchange Rate On Cash Continuing Operations
EffectOfExchangeRateOnCashContinuingOperations
|
74000 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.71 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
9160000 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2016 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
13237000 | ||
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
119000 | ||
us-gaap |
Depreciation
Depreciation
|
2200000 | ||
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
3419000 | ||
us-gaap |
Cash Period Increase Decrease
CashPeriodIncreaseDecrease
|
-1798000 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1200000 | ||
us-gaap |
Cost Of Services
CostOfServices
|
9281000 | ||
us-gaap |
Cost Of Revenue
CostOfRevenue
|
18005000 | ||
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
11000 | ||
us-gaap |
Revenues
Revenues
|
72064000 | ||
us-gaap |
Interest Paid
InterestPaid
|
1000 | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
148000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-3462000 | ||
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-72000 | ||
us-gaap |
Gross Profit
GrossProfit
|
54059000 | ||
us-gaap |
Operating Expenses
OperatingExpenses
|
82959000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-29032000 | ||
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
394000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-28741000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-1842000 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-4945000 | ||
us-gaap |
Maintenance Revenue
MaintenanceRevenue
|
17343000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1904000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1401000 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-29032000 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-28900000 | ||
us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
130000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-301000 | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
334000 | ||
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
14405000 | ||
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
3760000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
291000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
271000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1842000 | ||
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
335368 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
|
P4Y | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P7Y6M | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
13.02 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P6Y7M6D | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
10.10 | ||
us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
68000 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
4.53 | ||
dei |
Trading Symbol
TradingSymbol
|
RPD | ||
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
25274000 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1431000 | ||
us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
13120000 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
1138576 | shares | |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
44448000 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
283413 | shares | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
9160000 | ||
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
40805641 | shares | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P7Y4M24D | ||
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | Segment | |
rpd |
Proceeds From Issuance Of Employee Stock Purchase Plan
ProceedsFromIssuanceOfEmployeeStockPurchasePlan
|
2096000 | ||
rpd |
Employee Stock Purchase Plan Purchase Price As Percentage Of Market Value
EmployeeStockPurchasePlanPurchasePriceAsPercentageOfMarketValue
|
0.85 | pure | |
rpd |
Cost Of Revenue Product
CostOfRevenueProduct
|
5285000 | ||
rpd |
Product Revenue
ProductRevenue
|
41601000 | ||
CY2015Q2 | us-gaap |
Related Party Transaction Rate
RelatedPartyTransactionRate
|
0.017 | pure |
CY2015Q2 | rpd |
Related Party Transaction Maturity Period
RelatedPartyTransactionMaturityPeriod
|
P18M | |
CY2015Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
21169248 | shares |
CY2015Q2 | us-gaap |
Cost Of Services Maintenance Costs
CostOfServicesMaintenanceCosts
|
1412000 | |
CY2015Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-2.59 | |
CY2015Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
831000 | |
CY2015Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
5048000 | |
CY2015Q2 | us-gaap |
Depreciation
Depreciation
|
1000000 | |
CY2015Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
300000 | |
CY2015Q2 | us-gaap |
Cost Of Services
CostOfServices
|
3976000 | |
CY2015Q2 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
6727000 | |
CY2015Q2 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-737000 | |
CY2015Q2 | us-gaap |
Revenues
Revenues
|
25790000 | |
CY2015Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
163000 | |
CY2015Q2 | us-gaap |
Gross Profit
GrossProfit
|
19063000 | |
CY2015Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
27636000 | |
CY2015Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9244000 | |
CY2015Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-9147000 | |
CY2015Q2 | us-gaap |
Maintenance Revenue
MaintenanceRevenue
|
6253000 | |
CY2015Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-33032000 | |
CY2015Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-8573000 | |
CY2015Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
97000 | |
CY2015Q2 | rpd |
Temporary Equity Increase Decrease To Redemption Value Adjustment
TemporaryEquityIncreaseDecreaseToRedemptionValueAdjustment
|
23788000 | |
CY2015Q2 | rpd |
Cost Of Revenue Product
CostOfRevenueProduct
|
1339000 | |
CY2016Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-13303000 | |
CY2015Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
8131000 | |
CY2015Q2 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
4898000 | |
CY2016Q2 | us-gaap |
Maintenance Revenue
MaintenanceRevenue
|
8962000 | |
CY2016Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-13452000 | |
CY2016Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-13281000 | |
CY2016Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
149000 | |
CY2015Q2 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
14457000 | |
CY2015Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
12745051 | shares |
CY2016Q2 | us-gaap |
Gross Profit
GrossProfit
|
27975000 | |
CY2016Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
41256000 | |
CY2016Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-13452000 | |
CY2015Q2 | rpd |
Product Revenue
ProductRevenue
|
14639000 | |
CY2016Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
6300712 | shares |
CY2016Q2 | us-gaap |
Cost Of Services Maintenance Costs
CostOfServicesMaintenanceCosts
|
1758000 | |
CY2016Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.33 | |
CY2016Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3641000 | |
CY2016Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
6644000 | |
CY2016Q2 | us-gaap |
Depreciation
Depreciation
|
1100000 | |
CY2016Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
600000 | |
CY2016Q2 | us-gaap |
Cost Of Services
CostOfServices
|
4848000 | |
CY2016Q2 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
9293000 | |
CY2016Q2 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
26000 | |
CY2016Q2 | us-gaap |
Revenues
Revenues
|
37268000 | |
CY2016Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-48000 | |
CY2016Q2 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
47003 | shares |
CY2016Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
12932000 | |
CY2016Q2 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
6850000 | |
CY2016Q2 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
21680000 | |
CY2016Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
41063613 | shares |
CY2016Q2 | rpd |
Cost Of Revenue Product
CostOfRevenueProduct
|
2687000 | |
CY2016Q2 | rpd |
Product Revenue
ProductRevenue
|
21456000 |