Etsy 2015 Annual Report Download - page 58

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Quarterly Results of Operations
The following tables show selected unaudited quarterly results of operations and other operational and non-GAAP financial data for the eight quarters ended
December 31, 2015, as well as the percentage that each line item in the following results of operations data represents of revenue. The results of operations
data for each of these quarters have been prepared on the same basis as the audited annual financial statements included elsewhere in this Annual Report on
Form 10-K and includes all adjustments, which include only normal recurring adjustments, necessary for the fair statement of our results of operations for
these periods. This data should be read in conjunction with our consolidated financial statements and related notes included elsewhere in this Annual Report
on Form 10-K. Our quarterly results of operations and operational and non-GAAP financial data will vary in the future. These quarterly operating results are
not necessarily indicative of our operating results for any future quarter or year.
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Revenue:
Marketplace $ 23,727 $ 24,777 $ 26,917 $ 33,311 $ 30,151 $ 30,469 $ 32,232 $ 39,796
Seller Services 15,833 16,587 19,392 30,690 27,279 29,770 32,329 47,230
Other 976 1,145 1,325 911 1,113 1,126 1,135 869
Total revenue 40,536 42,509 47,634 64,912 58,543 61,365 65,696 87,895
Cost of revenue 15,394 17,345 18,115 22,779 20,709 21,909 24,165 30,196
Gross profit 25,142 25,164 29,519 42,133 37,834 39,456 41,531 57,699
Operating expenses:
Marketing 7,468 8,766 8,808 14,613 12,210 15,543 16,542 22,476
Product development 8,042 8,792 10,077 9,723 10,009 10,072 11,406 11,207
General and administrative 9,213 11,400 13,686 17,621 20,457 17,632 15,250 15,600
Total operating expenses 24,723 28,958 32,571 41,957 42,676 43,247 43,198 49,283
Income (loss) from operations 419 (3,794) (3,052) 176 (4,842) (3,791) (1,667) 8,416
Total other (expense) income, net (669) 235 (1,144) (2,431) (21,019) 2,346 (1,129) (6,308)
(Loss) income before income taxes (250) (3,559) (4,196) (2,255) (25,861) (1,445) (2,796) 2,108
(Provision) benefit for income taxes (213) 408 (2,075) (3,103) (10,725) (4,909) (4,095) (6,340)
Net loss $ (463) $ (3,151) $ (6,271) $ (5,358) $ (36,586) $ (6,354) $ (6,891) $ (4,232)
Net loss per share - basic and diluted $ (0.01) $ (0.08) $ (0.15) $ (0.12) $ (0.84) $ (0.07) $ (0.06) $ (0.04)
Weighted average shares outstanding -
basic and diluted 34,512,839 40,155,210 43,015,151 43,177,805 43,703,508 96,503,149 111,329,917 111,677,599
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