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Table of Contents
35
Years Ended December 31,
2011
2010
2009
2008
2007
(in thousands, except share and per share data)
Consolidated statements of operations data:
Revenue
$
60,512
$
38,563
$
19,114
$
8,202
$
2,154
Cost of revenue (1)
23,202
16,284
8,954
4,273
1,717
Gross profit
37,310
22,279
10,160
3,929
437
Operating expenses (1):
Research and development
16,511
10,868
6,210
4,663
3,042
General and administrative
6,631
4,209
2,485
2,389
1,414
Sales and marketing
37,722
33,098
21,067
14,729
7,369
Total operating expenses
60,864
48,175
29,762
21,781
11,825
Loss from operations
(23,554
)
(25,896
)
(19,602
)
(17,852
)
(11,388
)
Interest and other income, net
41
133
377
413
486
Loss before income taxes
(23,513
)
(25,763
)
(19,225
)
(17,439
)
(10,902
)
Provision for income taxes
(23
)
—
—
—
—
Net Loss
(23,536
)
(25,763
)
(19,225
)
(17,439
)
(10,902
)
Accretion of redeemable convertible preferred stock
(128
)
(210
)
(210
)
(210
)
(210
)
Net loss attributable to common stockholders
$
(23,664
)
$
(25,973
)
$
(19,435
)
$
(17,649
)
$
(11,112
)
Basic and diluted net loss per share attributable to
common stockholders
$
(1.84
)
$
(5.90
)
$
(4.78
)
$
(4.61
)
$
(2.97
)
Weighted
-
average number of shares of common stock
used in computing basic and diluted net loss per
share
12,841,233
4,399,137
4,065,230
3,828,073
3,743,246
(1)
Stock
-
based compensation included in the consolidated statements of operations data above was as follows:
Years Ended December 31,
2011
2010
2009
2008
2007
(in thousands)
Cost of revenue
$
207
$
45
$
35
$
16
$
15
Research and development
511
171
88
38
27
General and administrative
346
227
188
89
78
Sales and Marketing
381
99
79
60
62