5 unchanged sentences
As of February 9, 2022, the approximate number of holders of our common stock was 560 (not including beneficial owners of stock held in street name).
−Removed: We have never declared or paid any cash dividends on our common stock, and we do not currently intend to pay any cash dividends on our common stock in the foreseeable future.
−Removed: In addition, our BofA Loan Agreement requires BofA's consent before dividends can be declared.
−Removed: See Note 5 “Credit Agreements” of Notes to Consolidated Financial Statements included in this Annual Report on Form 10-K.
+Added: We have never declared or paid a cash dividend on our common stock, and we do not currently intend to pay any cash dividends on our common stock in the foreseeable future.
Recent Sales of Unregistered Securities
8 unchanged sentences
under the Securities Act of 1933, as amended.
−Removed: Selected Financial Data
−Removed: The following selected consolidated financial data should be read in conjunction with our consolidated financial statements and the related notes thereto, of this Annual Report on Form 10-K, the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the other financial information and data appearing elsewhere in this Annual Report on Form 10-K.
−Removed: The selected financial data included in this section is not intended to replace and is not a substitute for, the consolidated financial statements and related notes in this Annual Report on Form 10-K.
−Removed: We derived the statements of operations data for the years ended December 31, 2020, 2019 and 2018 and the balance sheet data as of December 31, 2020 and 2019 from our audited consolidated financial statements and related notes thereto of this Annual Report on Form 10-K.
−Removed: We derived the statements of operations data for the years ended December 31, 2017 and 2016 and the balance sheet data as of December 31, 2018, 2017 and 2016 from our audited consolidated financial statements and related notes which are not included in this Annual Report on Form 10-K.
−Removed: Historical results for any prior period are not necessarily indicative of future results for any period.
−Removed: Years Ended December 31,
−Removed: 2020 2019 2018 2017 2016
−Removed: (In thousands, except per share data)
−Removed: Statement of Operations Data:
−Removed: Revenue $ 541,239 $ 424,330 $ 441,320 $ 510,367 $ 458,787
−Removed: Cost of revenue (1)
−Removed: 274,220 236,405 243,938 337,477 257,569
−Removed: Gross profit 267,019 187,925 197,382 172,890 201,218
−Removed: Operating expenses:
−Removed: Sales and marketing (1)
−Removed: 94,185 82,553 86,432 82,781 83,675
−Removed: Research and development (1)
−Removed: 85,258 81,184 89,963 127,541 106,869
−Removed: General and administrative (1)
−Removed: 44,444 37,115 40,500 39,875 41,592
−Removed: Restructuring charges 6,286 — 5,705 4,249 —
−Removed: Loss on asset retirement — 2,474 — — —
−Removed: Gain on sale of product line — — (6,704) — —
−Removed: Amortization of intangible assets — — — — 1,701
−Removed: Litigation settlement gain — — — — (4,500)
−Removed: Total operating expenses 230,173 203,326 215,896 254,446 229,337
−Removed: Income (loss) from operations 36,846 (15,401) (18,514) (81,556) (28,119)
−Removed: Interest and other income (expense), net (2,562) (1,131) (254) (233) 1,064
−Removed: Income (loss) before provision for income taxes 34,284 (16,532) (18,768) (81,789) (27,055)
−Removed: Provision for income taxes 800 1,162 530 1,243 347
−Removed: Net income (loss) $ 33,484 $ (17,694) $ (19,298) $ (83,032) $ (27,402)
−Removed: Net income (loss) per common share:
−Removed: Basic $ 0.57 $ (0.32) $ (0.37) $ (1.66) $ (0.56)
−Removed: Diluted $ 0.54 $ (0.32) $ (0.37) $ (1.66) $ (0.56)
−Removed: Weighted-average number of shares used to compute net income (loss) per common share:
−Removed: Basic 59,074 54,993 52,609 50,155 48,730
−Removed: Diluted 61,998 54,993 52,609 50,155 48,730
−Removed: (1) Includes stock-based compensation as follows:
−Removed: Cost of revenue $ 1,025 $ 896 $ 1,248 $ 749 $ 672
−Removed: Sales and marketing 4,736 3,415 5,787 3,433 4,586
−Removed: Research and development 4,273 3,913 5,969 4,869 5,125
−Removed: General and administrative 3,926 2,957 4,469 3,317 3,902
−Removed: $ 13,960 $ 11,181 $ 17,473 $ 12,368 $ 14,285
−Removed: 2020 2019 2018 2017 2016
−Removed: (In thousands)
−Removed: Balance Sheet Data:
−Removed: Cash, cash equivalents, restricted cash and marketable securities $ 133,789 $ 47,457 $ 50,274 $ 39,775 $ 78,107
−Removed: Working capital 165,850 28,324 31,079 34,123 97,926
−Removed: Total assets 427,352 316,823 317,080 295,070 355,475
−Removed: Common stock and additional paid-in capital 949,608 897,444 877,555 852,475 837,931
−Removed: Total stockholders’ equity 280,325 154,028 151,934 144,963 212,964
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.