Revenue of $50.2 million, highest Q2 in company history, second highest quarter in company history • Revenue growth of 11% over prior year, fourth consecutive quarter of double digit year over year revenue growth • GAAP gross margin of 49.4%, highest Q2 in company history, second highest quarter in company history • 230 basis point gross margin expansion year over year • Cash gross margin of 58.5%, highest Q2 in company history • GAAP net income of $15.2 million, second sequential quarter of profitability • Non-GAAP net income of $4.0 million, highest Q2 in company history, second highest quarter in company history • Adjusted EBITDA of $9.2 million, highest Q2 in company history, second highest quarter in company history • Overall, beat Q2 analyst estimates • Raises revenue guidance to $200 to $203 million
2017 Full Year Highlights
Revenue of $184.4 million, highest in company history, up 10% year-over-year • GAAP gross margin at 47.6%, highest in company history, up 522 basis points year-over-year • Cash Gross Margin 58.2%, highest in company history, up 420 basis points year-over-year • GAAP net loss of $7.6 million, second lowest in company history • Non-GAAP net income of $10.6 million, highest in company history and more than all previous years combined • EBITDA of $12.4 million, highest in company history and more than all previous years combined • Adjusted EBITDA of $30.7 million, highest in company history
