(Unaudited)
|
Three Months Ended
September 30, |
Nine Months Ended
September 30, | |||||||||||||||
| (in thousands, except per share data) | 2021 | 2020 | 2021 | 2020 | ||||||||||||
| Revenue | ||||||||||||||||
| License | $ | 67,603 | $ | 55,023 | $ | 230,630 | $ | 183,584 | ||||||||
| Maintenance and other services | 34,686 | 32,787 | 100,758 | 94,502 | ||||||||||||
| Total software | 102,289 | 87,810 | 331,388 | 278,086 | ||||||||||||
| Software related services | 7,650 | 6,170 | 23,229 | 18,548 | ||||||||||||
| Total software and related services | 109,939 | 93,980 | 354,617 | 296,634 | ||||||||||||
| Client engineering services | 10,060 | 10,868 | 31,005 | 34,386 | ||||||||||||
| Other | 1,308 | 1,608 | 5,760 | 5,460 | ||||||||||||
| Total revenue | 121,307 | 106,456 | 391,382 | 336,480 | ||||||||||||
| Cost of revenue | ||||||||||||||||
| License | 4,694 | 4,477 | 13,706 | 12,851 | ||||||||||||
| Maintenance and other services | 11,770 | 9,626 | 35,368 | 28,583 | ||||||||||||
| Total software * | 16,464 | 14,103 | 49,074 | 41,434 | ||||||||||||
| Software related services | 5,707 | 4,996 | 17,560 | 15,141 | ||||||||||||
| Total software and related services | 22,171 | 19,099 | 66,634 | 56,575 | ||||||||||||
| Client engineering services | 7,982 | 8,510 | 25,163 | 27,617 | ||||||||||||
| Other | 1,348 | 1,427 | 5,072 | 4,422 | ||||||||||||
| Total cost of revenue | 31,501 | 29,036 | 96,869 | 88,614 | ||||||||||||
| Gross profit | 89,806 | 77,420 | 294,513 | 247,866 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Research and development * | 35,839 | 30,678 | 112,872 | 91,115 | ||||||||||||
| Sales and marketing * | 30,589 | 26,998 | 94,568 | 80,903 | ||||||||||||
| General and administrative * | 22,196 | 20,905 | 67,983 | 63,499 | ||||||||||||
| Amortization of intangible assets | 4,432 | 3,858 | 13,924 | 11,390 | ||||||||||||
| Other operating income, net | (1,324 | ) | (1,596 | ) | (2,526 | ) | (3,431 | ) | ||||||||
| Total operating expenses | 91,732 | 80,843 | 286,821 | 243,476 | ||||||||||||
| Operating (loss) income | (1,926 | ) | (3,423 | ) | 7,692 | 4,390 | ||||||||||
| Interest expense | 3,037 | 2,934 | 8,998 | 8,590 | ||||||||||||
| Other expense (income), net | 124 | (782 | ) | 1,667 | (1,852 | ) | ||||||||||
| Loss before income taxes | (5,087 | ) | (5,575 | ) | (2,973 | ) | (2,348 | ) | ||||||||
| Income tax expense | 3,022 | 2,930 | 4,424 | 10,350 | ||||||||||||
| Net loss | $ | (8,109 | ) | $ | (8,505 | ) | $ | (7,397 | ) | $ | (12,698 | ) | ||||
| Loss per share: | ||||||||||||||||
| Net loss per share attributable to common
stockholders, basic | $ | (0.11 | ) | $ | (0.12 | ) | $ | (0.10 | ) | $ | (0.17 | ) | ||||
| Net loss per share attributable to common
stockholders, diluted | $ | (0.11 | ) | $ | (0.12 | ) | $ | (0.10 | ) | $ | (0.17 | ) | ||||
| Weighted average shares outstanding: | ||||||||||||||||
| Weighted average number of shares used in computing
net loss per share, basic | 75,750 | 73,311 | 75,226 | 72,979 | ||||||||||||
| Weighted average number of shares used in computing
net loss per share, diluted | 75,750 | 73,311 | 75,226 | 72,979 | ||||||||||||
