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SEC Filings

10-Q
INCONTACT, INC. filed this Form 10-Q on 11/09/2016
Entire Document
 

 

INCONTACT, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS and COMPREHENSIVE LOSS

(Unaudited)

(in thousands, except per share data)

 

 

Three Months

 

 

Nine Months

 

 

Ended September 30,

 

 

Ended September 30,

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Net revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software

$

44,222

 

 

$

36,709

 

 

$

128,130

 

 

$

103,227

 

Network connectivity

 

22,796

 

 

 

19,369

 

 

 

65,073

 

 

 

57,260

 

Total net revenue

 

67,018

 

 

 

56,078

 

 

 

193,203

 

 

 

160,487

 

Costs of revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software

 

18,534

 

 

 

14,815

 

 

 

52,473

 

 

 

42,872

 

Network connectivity

 

12,805

 

 

 

12,278

 

 

 

39,727

 

 

 

36,072

 

Total costs of revenue

 

31,339

 

 

 

27,093

 

 

 

92,200

 

 

 

78,944

 

Gross profit

 

35,679

 

 

 

28,985

 

 

 

101,003

 

 

 

81,543

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selling and marketing

 

19,025

 

 

 

17,810

 

 

 

55,352

 

 

 

49,549

 

Research and development

 

9,268

 

 

 

7,328

 

 

 

27,097

 

 

 

21,021

 

General and administrative

 

12,377

 

 

 

7,750

 

 

 

32,326

 

 

 

25,699

 

Total operating expenses

 

40,670

 

 

 

32,888

 

 

 

114,775

 

 

 

96,269

 

Loss from operations

 

(4,991

)

 

 

(3,903

)

 

 

(13,772

)

 

 

(14,726

)

Other income (expense):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

(1,816

)

 

 

(1,738

)

 

 

(5,400

)

 

 

(3,940

)

Interest income

 

151

 

 

 

125

 

 

 

478

 

 

 

183

 

Other income (expense)

 

(105

)

 

 

1

 

 

 

(111

)

 

 

1

 

Total other income (expense)

 

(1,770

)

 

 

(1,612

)

 

 

(5,033

)

 

 

(3,756

)

Loss before income taxes

 

(6,761

)

 

 

(5,515

)

 

 

(18,805

)

 

 

(18,482

)

Income tax benefit (expense)

 

(100

)

 

 

(163

)

 

 

2,296

 

 

 

(474

)

Net loss

$

(6,861

)

 

$

(5,678

)

 

$

(16,509

)

 

$

(18,956

)

Other comprehensive loss, net of taxes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change in unrealized gain (loss) in

  available for sale investments

 

69

 

 

 

(15

)

 

 

80

 

 

 

(35

)

Comprehensive loss

$

(6,792

)

 

$

(5,693

)

 

$

(16,429

)

 

$

(18,991

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted

$

(0.11

)

 

$

(0.09

)

 

$

(0.26

)

 

$

(0.31

)

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted

 

62,977

 

 

 

61,688

 

 

 

62,631

 

 

 

61,407

 

 

See accompanying notes to Condensed Consolidated Financial Statements.

 

 

 

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