Quarterly report pursuant to Section 13 or 15(d)

Revenues from Contracts with Customers (Tables)

v3.10.0.1
Revenues from Contracts with Customers (Tables)
9 Months Ended
Oct. 31, 2018
Schedule of Revenue Disaggregated by Revenue Stream

The following table shows our revenue disaggregated by revenue stream for the three and nine months ended October 31, 2018 (amounts in thousands):

 

     For the Three Months      For the Nine
Months
 
     Ended October 31,
2018
     Ended October 31,
2018
 

Revenue by revenue stream:

     

Product

   $ 8,268      $ 12,821  

Professional services

     2,948        11,011  

Maintenance - first year

     514        1,632  

Maintenance - renewal

     6,882        19,983  
  

 

 

    

 

 

 

Total revenues

   $ 18,612      $ 45,447  
  

 

 

    

 

 

 
ASU 2014-09 [Member]  
Schedule of Cumulative Effect of Changes on Consolidated Balance Sheet of Adoption of New Guidance under Modified Retrospective Method

The cumulative effect of the changes made to our consolidated balance sheet as of February 1, 2018 for the adoption of the new guidance under the modified retrospective method is as follows (amounts in thousands):

 

     As of  
     January 31, 2018             February 1, 2018  
     Under ASC 605      Adjustment      Under ASC 606  

Assets

        

Unbilled receivables

   $ 3,101      $ 137      $ 3,238  

Prepaid expenses and other current assets (1)

   $ 3,557      $ 824      $ 4,381  

Liabilities

        

Deferred revenues

   $ 14,433      $ (1,358    $ 13,075  

Equity

        

Accumulated loss

   $ (148,620    $ 2,319      $ (146,301

 

(1)

Contract assets, short-term are included in prepaid expenses and other current assets in our consolidated balance sheet.

Schedule of Impact of Topic 606 Adoption on Consolidated Financial Statements

The following tables set forth the amount by which each financial statement line item is affected in the current reporting period by the application of ASC 606, as compared to the guidance that was in effect before its adoption. The impact of adoption on the consolidated financial statements as of and for the three and nine months ended October 31, 2018 is as follows (amounts in thousands):

Consolidated Balance Sheets:

 

     As of  
     October 31, 2018             October 31, 2018  
     Under ASC 605      Adjustment      Under ASC 606  

Assets

        

Unbilled receivables

   $ 8,561      $ (680    $ 7,881  

Prepaid expenses and other current assets (1)

   $ 5,113      $ 366      $ 5,479  

Liabilities

        

Deferred revenues

   $ 13,418      $ 6,344      $ 7,074  

Equity

        

Accumulated loss

   $ 170,709      $ 6,030      $ (164,679

 

(1)

Contract assets, short-term, are included in prepaid expenses and other current assets in our consolidated balance sheet.

 

Consolidated Statements of Operations and Comprehensive Loss:

 

     For the Three Months Ended October 31, 2018  
     Under ASC 605      Adjustment      Under ASC 606  

Revenues

   $ 18,352      $ 260      $ 18,611  

Cost of revenues

     7,163        160        7,323  

Operating expenses

     13,695        110        13,803  

Loss from operations

     (2,506      (10      (2,516

Loss before income taxes

     (4,535      (10      (4,545

Income tax (benefit) provision

     (775      —          (775

Net loss

     (3,818      (9      (3,827

Net loss per share:

        

Basic

   $ (0.11    $ —        $ (0.11

Diluted

   $ (0.11    $ —        $ (0.11
     For the Nine Months Ended October 31, 2018  
     Under ASC 605      Adjustment      Under ASC 606  

Revenues

   $ 41,216      $ 4,231      $ 45,447  

Cost of revenues

     18,509        458        18,967  

Operating expenses

     42,381        —          42,381  

Loss from operations

     (19,675      3,774        (15,901

Loss before income taxes

     (24,515      3,774        (20,741

Income tax (benefit) provision

     (2,421      —          (2,421

Net loss

     (22,152      3,774        (18,378

Net loss per share:

        

Basic

   $ (0.63    $ 0.11      $ (0.52

Diluted

   $ (0.63    $ 0.11      $ (0.52

Consolidated Statement of Cash Flows:

 

     For the Nine Months Ended October 31, 2018  
     Under ASC 605      Adjustment      Under ASC 606  

Cash used in operating activities:

        

Net loss

   $ (22,089    $ 3,711      $ (18,378

Unbilled receivables

     (5,638      680        (4,957

Prepaid expenses and other current assets

     (1,740      366        (2,107

Deferred revenues

     (716      (6,344      (7,060

Other operating activities

     169        2,319        2,488  

Total cash used in operating activities

   $ (23,626    $ —        $ (23,626