Three Months Ended March 31, |
|||||||
2015 |
2014 |
||||||
(dollars in thousands) |
|||||||
Revenue |
$ |
19,201 |
$ |
13,787 |
|||
Cost of services |
3,578 |
2,882 |
|||||
Gross profit |
15,623 |
10,905 |
|||||
Gross margin |
81.4 |
% |
79.1 |
% |
|||
Adjustments: |
|||||||
Share-based compensation expense as % of revenue |
0.9 |
% |
1.1 |
% |
|||
Adjusted Gross Margin |
82.3 |
% |
80.2 |
% |
The following table reconciles Adjusted EPS guidance to the most directly comparable GAAP measure, net loss per share:
Three Months Ended June 30, 2015 |
Twelve Months Ended December 31, 2015 |
||||||||||||||
High End |
Low End |
High End |
Low End |
||||||||||||
Net loss per share |
$ |
(0.10) |
$ |
(0.12) |
$ |
(0.33) |
$ |
(0.38) |
|||||||
Share-based compensation expense |
0.10 |
0.10 |
0.37 |
0.37 |
|||||||||||
Amortization of intangible assets |
0.04 |
0.04 |
0.16 |
0.16 |
|||||||||||
Adjusted EPS |
$ |
0.04 |
$ |
0.02 |
$ |
0.20 |
$ |
0.15 |