Three Months Ended

Twelve Months Ended

December,

December 31,

2015

2014

2015

2014

(dollars in thousands)

 Revenue 

$ 23,732

$       17,862

$ 86,729

$ 62,968

 Cost of services 

4,079

3,606

15,254

12,851

   Gross profit 

$ 19,653

$       14,256

$71,475

$50,117

   Gross margin 

82.8%

79.8%

82.4%

79.6%

 Adjustments: 

 Share-based compensation as % of revenue 

1.3%

1.1%

1.1%

0.9%

 Acquisition-related and other expenses as % of revenue* 

0.2%

1.5%

0.2%

1.0%

   Adjusted Gross Margin  

84.3%

82.4%

83.7%

81.5%

* Acquisition-related and other expenses represented certain tax-related costs.

Three Months Ended
December 31, 2015

Twelve Months Ended
December 31, 2015

(in thousands)

Net cash provided by operating activities

$                     6,127

$                20,306

Purchases of property and equipment, including software development costs   

(2,222)

(13,301)

Free Cash Flow

$                     3,905

$                  7,005

Three Months Ending

Twelve Months Ending

March 31, 2016

December 31, 2016

High End

Low End

High End

Low End

 Basic net loss per share 

$    (0.04)

$   (0.08)

$         -

$   (0.15)

 Share-based compensation 

0.12

0.12

0.40

0.40

 Amortization of intangible assets 

0.03

0.03

0.10

0.10

   Adjusted Basic EPS  

$      0.11

$     0.07

$      0.50

$     0.35

Three Months Ending

Twelve Months Ending

March 31, 2016

December 31, 2016

High End

Low End

High End

Low End

 Diluted net loss per share 

$    (0.04)

$   (0.08)

$         -

$   (0.15)

 Share-based compensation 

0.12

0.12

0.38

0.38

 Amortization of intangible assets 

0.03

0.03

0.10

0.10

   Adjusted Diluted EPS  

$      0.11

$     0.07

$      0.48

$     0.33