United states securities and exchange commission



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Year Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

 

2013

 

 

2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

Cost of revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subscription and support

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Professional services and other

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Sales and marketing

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Research and development

 

 

9

 

 

 

9

 

 

 

6

 

 

 

-

 

 

 

-

 

General and administrative

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total amortization of acquisition-related intangibles

 

$

9

 

 

$

9

 

 

$

6

 

 

$

-

 

 

$

-

 

 


(4)

See Note 1 to our consolidated financial statements for an explanation of the method used to calculate basic and diluted net loss per common share attributable to common stockholders.

36

 

 



 

 

As of December 31,

 

 

 

2016

 

 

2015 (1)

 

 

2014

 

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

Consolidated Balance Sheet Data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

44,539

 

 

$

90,471

 

 

$

43,915

 

 

$

13,138

 

Working capital, excluding deferred revenue

 

 

75,824

 

 

 

92,638

 

 

 

47,440

 

 

 

22,023

 

Total assets

 

 

111,336

 

 

 

121,060

 

 

 

67,026

 

 

 

41,169

 

Deferred revenue

 

 

75,891

 

 

 

52,325

 

 

 

31,954

 

 

 

19,466

 

Total liabilities

 

 

101,372

 

 

 

75,441

 

 

 

53,568

 

 

 

35,155

 

Redeemable convertible preferred stock

 

 



 

 

 



 

 

 

88,989

 

 

 

49,092

 

Total stockholders’ equity (deficit)

 

 

9,964

 

 

 

45,619

 

 

 

(75,531

)

 

 

(43,078

)

 


(1)

In November 2015, we completed our IPO of 5,060,000 shares of common stock at an initial price to the public of $16.00 per share.  The IPO resulted in net proceeds to us of approximately $71.4 million, after deducting underwriting discounts and commission and other offering expenses, and resulted in the conversion of our redeemable convertible preferred stock into common stock.

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