(U.S. Dollars in thousands, except per share data)
(UNAUDITED)
| Three month period | ||||||||
| ended March 31, | ||||||||
| 2015 | 2014 | |||||||
| GAAP gross profit | $ | 3,413 | $ | 3,847 | ||||
| Amortization of intangible assets | $ | - | $ | 73 | ||||
| Share-based payments | $ | 36 | $ | 7 | ||||
| Non-GAAP gross profit | $ | 3,449 | $ | 3,927 | ||||
| GAAP gross profit as percentage of revenues | 75.7% | 78.9% | ||||||
| Non-GAAP gross profit as percentage of revenues | 76.5% | 80.5% | ||||||
| GAAP operating expenses | $ | 8,525 | $ | 7,465 | ||||
| Share-based payments: | ||||||||
| Research and development | $ | 124 | $ | 38 | ||||
| Selling and marketing | $ | 389 | $ | 200 | ||||
| General and administrative | $ | 209 | $ | 108 | ||||
| Non-GAAP operating expenses | $ | 7,803 | $ | 7,119 | ||||
| GAAP operating loss | $ | (5,112) | $ | (3,618) | ||||
| Non-GAAP operating loss | $ | (4,354) | $ | (3,192) | ||||
| GAAP net loss | $ | (5,202) | $ | (3,634) | ||||
| Share-based payments | $ | 758 | $ | 353 | ||||
| Amortization of intangible assets | $ | - | $ | 73 | ||||
| Non-GAAP net loss | $ | (4,444) | $ | (3,208) | ||||
| GAAP basic and diluted loss per share | $ | (0.12) | $ | (0.09) | ||||
| Non-GAAP basic and diluted loss per share | $ | (0.11) | $ | (0.08) | ||||
