|
Revenue:
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue (excluding depreciation and amortization)
|
|
$12.6m
|
$15.1m
|
$16.8m
|
$23.5m
|
$42.7m
|
$58.9m
|
$61.0m
|
$66.2m
|
$71.4m
|
|
Research and development
|
|
$11.4m
|
$14.3m
|
$18.6m
|
$22.6m
|
$52.3m
|
$91.2m
|
$112.3m
|
$117.4m
|
$121.5m
|
|
Sales and marketing
|
|
$24.8m
|
$26.4m
|
$32.4m
|
$43.0m
|
$106.4m
|
$151.3m
|
$147.0m
|
$121.1m
|
$100.2m
|
|
General and administrative
|
|
$18.8m
|
$20.1m
|
$30.5m
|
$40.5m
|
$68.7m
|
$80.4m
|
$79.9m
|
$76.6m
|
$79.9m
|
|
Depreciation
|
|
$6.8m
|
$7.6m
|
$8.8m
|
$9.8m
|
$15.0m
|
$18.0m
|
$17.6m
|
$14.2m
|
$13.0m
|
|
Amortization
|
|
$2.8m
|
$4.0m
|
$5.2m
|
$6.1m
|
$6.3m
|
$7.3m
|
$11.9m
|
$13.7m
|
$18.5m
|
|
Operating loss
|
|
($14.6m)
|
($9.5m)
|
($15.3m)
|
($25.7m)
|
($116.8m)
|
($176.6m)
|
($136.5m)
|
($58.1m)
|
($6.6m)
|
|
Other income, net
|
|
$602k
|
($7k)
|
($1.0m)
|
$1k
|
($78k)
|
($175k)
|
$44k
|
$2.0m
|
$3.0m
|
|
Loss on extinguishment of debt
|
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($1.1m)
|
$0
|
($501k)
|
|
Interest income
|
|
($3.6m)
|
($3.5m)
|
($2.4m)
|
—
|
—
|
—
|
$4.1m
|
$2.7m
|
$2.2m
|
|
Net income (loss)
|
|
($18.2m)
|
($15.1m)
|
($20.3m)
|
($27.3m)
|
($118.2m)
|
($176.1m)
|
($136.9m)
|
($58.5m)
|
$2.3m
|
|
Net income (loss) per share attributable to common stockholders - basic (in dollars per share)
|
|
($25)
|
($25)
|
($4)
|
($1)
|
($2)
|
($3)
|
($3)
|
($1)
|
$0
|
|
Net income (loss) per share attributable to common stockholders - diluted (in dollars per share)
|
|
($25)
|
($25)
|
($4)
|
($1)
|
($2)
|
($3)
|
($3)
|
($1)
|
$0
|
|
Weighted-average common shares outstanding - basic (in shares)
|
|
—
|
—
|
20.3m
|
39.5m
|
49.9m
|
52.4m
|
54.6m
|
57.6m
|
59.7m
|
|
Weighted-average common shares outstanding - diluted (in shares)
|
|
—
|
—
|
20.3m
|
39.5m
|
49.9m
|
52.4m
|
54.6m
|
57.6m
|
61.5m
|
|
Payment solutions expense
|
|
$17.2m
|
$21.9m
|
$27.9m
|
$28.9m
|
$38.7m
|
$50.3m
|
$63.0m
|
$68.7m
|
$82.8m
|
|
Interest expense
|
|
—
|
—
|
—
|
—
|
—
|
—
|
($1.9m)
|
($2.3m)
|
($7.0m)
|
|
Loss before income tax expense
|
|
($18.2m)
|
($15.1m)
|
($22.1m)
|
($27.2m)
|
($118.0m)
|
($175.7m)
|
($135.3m)
|
($55.8m)
|
($8.9m)
|
|
Income tax benefit (expense)
|
|
$0
|
$0
|
$1.8m
|
($49k)
|
($182k)
|
($483k)
|
($1.5m)
|
($2.7m)
|
$11.2m
|
|
Total expenses
|
|
$94.4m
|
$109.4m
|
$140.1m
|
$174.3m
|
$330.1m
|
$457.5m
|
$492.8m
|
$477.9m
|
$487.2m
|
|
Total other (expense) income, net
|
|
($3.6m)
|
($5.6m)
|
($6.8m)
|
($1.6m)
|
($1.2m)
|
$889k
|
$1.1m
|
$2.3m
|
($2.3m)
|