v3.3.1.900
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Subscription solutions $ 111,979 $ 66,668 $ 38,339
Merchant solutions 93,254 38,350 11,913
Total revenues 205,233 105,018 50,252
Cost of revenues      
Subscription solutions 24,531 16,790 8,504
Merchant solutions 69,631 26,433 5,009
Total cost of revenues 94,162 43,223 13,513
Gross profit 111,071 61,795 36,739
Operating expenses      
Sales and marketing 70,374 45,929 23,351
Research and development, net of refundable tax credits of $1,058 (2014 – $1,295; 2013 – $891) 39,722 25,915 13,682
General and administrative 18,731 11,566 3,975
Total operating expenses 128,827 83,410 41,008
Loss from operations (17,756) (21,615) (4,269)
Other income (expense)      
Interest income, net 200 57 42
Loss on asset disposal 0 (100) (73)
Foreign exchange loss (1,234) (653) (537)
Total other income (expense) (1,034) (696) (568)
Net loss and comprehensive loss $ (18,790) $ (22,311) $ (4,837)
Basic and diluted net loss per share attributable to common shareholders (in dollars per share) $ (0.30) $ (0.57) $ (0.13)
Weighted average shares used to compute basic and diluted net loss per share attributable to shareholders (in shares) 61,716,065 38,940,252 37,248,710