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
|
|
|
|
|
|
|
|
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
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|