Quarterly report pursuant to Section 13 or 15(d)

Revenue from Contracts with Customers (Tables)

v3.8.0.1
Revenue from Contracts with Customers (Tables)
3 Months Ended
Apr. 30, 2018
Schedule of Revenue Disaggregated by Revenue Stream

The following table shows our revenue disaggregated by revenue stream for the three months ended April 30, 2018 (amounts in thousands):

 

Revenue by revenue stream:

 

 

 

 

Product

 

$

3,091

 

Professional services

 

 

4,637

 

Maintenance - first year

 

 

658

 

Maintenance - renewal

 

 

6,549

 

Total revenues

 

$

14,935

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

Prepaid expenses and other current assets(1)

 

$

3,557

 

 

$

824

 

 

$

4,381

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenues

 

$

14,433

 

 

$

(1,495

)

 

$

12,938

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 months ended April 30, 2018 is as follows:

Consolidated Balance Sheets:

 

 

 

As of

 

 

 

April 30, 2018

 

 

 

 

 

 

April 30, 2018

 

 

 

Under ASC 605

 

 

Adjustment

 

 

Under ASC 606

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Prepaid expenses and other current assets (1)

 

$

2,899

 

 

$

366

 

 

$

3,265

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenues

 

$

15,628

 

 

$

(4,346

)

 

$

11,282

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated loss

 

$

(156,484

)

 

$

4,712

 

 

$

(151,772

)

 

(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 April 30, 2018

 

 

 

Under ASC 605

 

 

Adjustment

 

 

Under ASC 606

 

Revenues

 

$

12,084

 

 

$

2,851

 

 

$

14,935

 

Cost of revenues

 

 

5,571

 

 

 

458

 

 

 

6,029

 

Operating expenses

 

 

14,022

 

 

 

 

 

 

14,022

 

Loss from operations

 

 

(7,509

)

 

 

2,393

 

 

 

(5,116

)

Loss before income taxes

 

 

(8,358

)

 

 

2,393

 

 

 

(5,965

)

Income tax (benefit) provision

 

 

(494

)

 

 

 

 

 

(494

)

Net loss

 

 

(7,864

)

 

 

2,393

 

 

 

(5,471

)

Net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.22

)

 

$

0.07

 

 

$

(0.15

)

Diluted

 

$

(0.22

)

 

$

0.07

 

 

$

(0.15

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated Statement of Cash Flows:

 

 

For the Three Months Ended April 30, 2018

 

 

 

Under ASC 605

 

 

Adjustment

 

 

Under ASC 606

 

Cash used in operating activities:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(7,864

)

 

$

2,393

 

 

$

(5,471

)

Prepaid expenses and other current assets

 

 

590

 

 

 

(366

)

 

 

224

 

Deferred revenues

 

 

1,568

 

 

 

(4,346

)

 

 

(2,778

)

Other operating activities

 

 

37

 

 

 

2,319

 

 

 

2,356

 

Net cash used in operating activities

 

$

(3,927

)

 

$

 

 

$

(3,927

)