Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2014 | Oct. 31, 2014 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Trading Symbol | 'HUBS | ' |
Entity Registrant Name | 'HubSpot Inc | ' |
Entity Central Index Key | '0001404655 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Non-accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 31,390,213 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash | $12,379 | $12,643 |
Accounts receivable - net of allowance for doubtful accounts of $166, and $175 at September 30, 2014 and December 31, 2013, respectively | 10,504 | 7,220 |
Deferred commission expense | 4,837 | 3,991 |
Restricted cash | ' | 307 |
Prepaid hosting costs | 918 | 2,958 |
Prepaid expenses and other current assets | 3,370 | 1,566 |
Total current assets | 32,008 | 28,685 |
Property and equipment, net | 9,874 | 7,243 |
Capitalized software development costs, net | 4,805 | 3,479 |
Restricted cash | 240 | 1,610 |
Other assets | 2,579 | 65 |
Intangible assets, net | 102 | 147 |
Goodwill | 9,330 | 9,330 |
Total assets | 58,938 | 50,559 |
Current liabilities: | ' | ' |
Accounts payable | 2,187 | 2,547 |
Accrued compensation costs | 4,837 | 5,079 |
Other accrued expenses | 8,609 | 7,160 |
Capital lease obligations | 98 | 96 |
Deferred rent | 67 | ' |
Deferred revenue | 34,134 | 24,662 |
Total current liabilities | 49,932 | 39,544 |
Capital lease obligations, net of current portion | 104 | 203 |
Revolving line of credit | 18,000 | ' |
Deferred rent, net of current portion | 4,110 | 2,523 |
Deferred revenue, net of current portion | 538 | 244 |
Total liabilities | 72,684 | 42,514 |
Commitments and contingencies (Note 7) | ' | ' |
Redeemable convertible preferred stock | 101,332 | 101,293 |
Stockholders' deficit: | ' | ' |
Common stock | 6 | 5 |
Additional paid-in capital | 19,627 | 12,898 |
Accumulated other comprehensive loss | -106 | -79 |
Accumulated deficit | -134,605 | -106,072 |
Total stockholders' deficit | -115,078 | -93,248 |
Total liabilities, redeemable convertible preferred stock and stockholders' deficit | $58,938 | $50,559 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Statement of Financial Position [Abstract] | ' | ' |
Accounts receivable, net of allowance for doubtful accounts | $166 | $175 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Revenues: | ' | ' | ' | ' |
Subscription | $27,806 | $18,416 | $74,994 | $50,245 |
Professional services and other | 2,642 | 1,763 | 6,726 | 5,010 |
Total revenue | 30,448 | 20,179 | 81,720 | 55,255 |
Cost of Revenues: | ' | ' | ' | ' |
Subscription | 6,736 | 5,114 | 18,408 | 14,911 |
Professional services and other | 2,969 | 2,268 | 8,149 | 6,273 |
Total cost of revenues | 9,705 | 7,382 | 26,557 | 21,184 |
Gross profit | 20,743 | 12,797 | 55,163 | 34,071 |
Operating expenses: | ' | ' | ' | ' |
Research and development | 4,858 | 4,271 | 14,498 | 10,962 |
Sales and marketing | 21,680 | 14,739 | 54,700 | 38,764 |
General and administrative | 5,162 | 3,287 | 14,622 | 10,228 |
Total operating expenses | 31,700 | 22,297 | 83,820 | 59,954 |
Loss from operations | -10,957 | -9,500 | -28,657 | -25,883 |
Other income (expense): | ' | ' | ' | ' |
Interest income | ' | 7 | 4 | 29 |
Interest expense | -138 | ' | -259 | -3 |
Other income (expense) | 302 | -18 | 379 | 8 |
Total other income (expense) | 164 | -11 | 124 | 34 |
Net loss | -10,793 | -9,511 | -28,533 | -25,849 |
Preferred stock accretion | 13 | 13 | 40 | 40 |
Net loss attributable to common stockholders | ($10,806) | ($9,524) | ($28,573) | ($25,889) |
Net loss attributable to common stockholders per share, basic and diluted | ($1.84) | ($1.85) | ($5) | ($5.09) |
Weighted average common shares used in computing basic and diluted net loss attributable to common stockholders per share: | 5,874 | 5,141 | 5,715 | 5,087 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Loss (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net loss | ($10,793) | ($9,511) | ($28,533) | ($25,849) |
Other comprehensive loss: | ' | ' | ' | ' |
Foreign currency translation adjustment | -25 | -21 | -27 | -47 |
Comprehensive loss | ($10,818) | ($9,532) | ($28,560) | ($25,896) |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Operating Activities: | ' | ' |
Net loss | ($28,533) | ($25,849) |
Adjustments to reconcile net loss to net cash used in operating activities | ' | ' |
Depreciation and amortization | 4,824 | 3,157 |
Stock-based compensation | 3,514 | 2,395 |
Provision for doubtful accounts | 452 | 381 |
Noncash rent expense | 236 | 537 |
Unrealized currency translation | -238 | -11 |
Changes in assets and liabilities | ' | ' |
Accounts receivable | -3,864 | -1,747 |
Prepaid expenses and other assets | 146 | -966 |
Deferred commission expense | -846 | -799 |
Accounts payable | -328 | 84 |
Accrued expenses | 2,192 | 2,164 |
Restricted cash | 157 | ' |
Deferred rent | 1,427 | 194 |
Deferred revenue | 10,149 | 6,571 |
Net cash used in operating activities | -10,712 | -13,889 |
Investing Activities: | ' | ' |
Purchases of property and equipment | -5,892 | -3,385 |
Capitalization of software development costs | -3,930 | -2,451 |
Acquisition of intangible assets | -80 | -190 |
Restricted cash | 1,500 | -1,188 |
Net cash used in investing activities | -8,402 | -7,214 |
Financing Activities: | ' | ' |
Proceeds from exercise of options | 3,051 | 273 |
Proceeds from draw-down on line of credit | 18,000 | ' |
Payment of initial public offering costs | -1,990 | ' |
Repayments of capital lease obligations | -97 | -52 |
Net cash provided by financing activities | 18,964 | 221 |
Effect of exchange rate changes on cash | -114 | 11 |
Net decrease in cash | -264 | -20,871 |
Cash, beginning of period | 12,643 | 41,097 |
Cash, end of period | 12,379 | 20,226 |
Supplemental cash flow disclosure: | ' | ' |
Cash paid for interest | 163 | 3 |
Non-cash investing and financing activities: | ' | ' |
Initial public offering costs incurred but not yet paid | 522 | ' |
Capital expenditures incurred but not yet paid | 182 | 28 |
Accretion of preferred stock | $40 | $40 |
Organization_and_Operations
Organization and Operations | 9 Months Ended | |||
Sep. 30, 2014 | ||||
Accounting Policies [Abstract] | ' | |||
Organization and Operations | ' | |||
1. Organization and Operations | ||||
HubSpot, Inc. (the “Company”), was formed as a limited liability company in Delaware on April 4, 2005. The Company converted to a Delaware corporation on June 7, 2007. The Company provides a cloud-based inbound marketing and sales platform which features integrated applications to help businesses attract visitors to their websites, convert visitors into leads, close leads into customers and delight customers so they become promoters of those businesses. These integrated applications include social media, search engine optimization, blogging, website content management, marketing automation, email, CRM, analytics, and reporting. | ||||
The Company is headquartered in Cambridge, Massachusetts, and has wholly-owned subsidiaries in Dublin, Ireland, which commenced operations in January of 2013 and in Sydney, Australia, which commenced operations in August of 2014. | ||||
On October 15, 2014, the Company closed its initial public offering (“IPO”) whereby 5,750,000 shares of common stock were sold to the public, including the underwriters’ overallotment option of 750,000 shares of common stock, at a price of $25.00 per share. The Company received aggregate proceeds of approximately $133.7 million from the IPO, net of underwriters’ discounts and commissions, but before deduction of offering expenses of approximately $2.7 million. Upon the closing of the IPO, all shares of the Company’s outstanding convertible preferred stock automatically converted into 19,529,713 shares of common stock. | ||||
All restricted stock units, or RSUs, granted to employees prior to the IPO vest upon the satisfaction of both a service condition and a performance condition. These RSUs with both a service condition and performance condition are collectively referred to as “Performance Awards” in the following discussion. The service condition for a majority of the Performance Awards is satisfied over a period of four years. The performance condition will be satisfied on the date that is six months following our IPO. No stock-based compensation expense had been recognized for the Performance Awards prior to the IPO because an IPO is not considered probable until it occurs, During the three months ended December 31, 2014, we will begin recording stock-based compensation expense based on the grant-date fair value of the RSUs using the accelerated attribution method, net of estimated forfeitures | ||||
The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) applicable to interim periods, under the rules and regulations of the United States Securities and Exchange Commission (“SEC”), and on a basis substantially consistent with the audited consolidated financial statements of the Company as of and for the fiscal year ended December 31, 2013. All intercompany balances and transactions have been eliminated in consolidation. The results of operations for the interim periods presented are not necessarily indicative of the results to be expected for any subsequent quarter or for the entire year ending December 31, 2014. The year-end balance sheet data was derived from audited financial statements, but does not include all disclosures required GAAP. Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been omitted under the rules and regulations of the Securities and Exchange Commission (SEC). | ||||
These interim financial statements should be read in conjunction with the audited consolidated financial statements and related notes contained in the final prospectus related to the Company’s IPO, which was filed with the SEC pursuant to Rule 424(b) of the Securities Act of 1933, as amended, on October 9, 2014 (the “Prospectus”). There have been no changes in the Company’s significant accounting policies from those that were disclosed in the Prospectus that have had a material impact on our consolidated financial statements and related notes. These significant accounting policies include the following: | ||||
• | Basis of Presentation | |||
• | Use of Estimates | |||
• | Impairment of Long-lived Assets | |||
• | Goodwill | |||
• | Revenue Recognition | |||
• | Foreign Currency | |||
• | Income Taxes | |||
Recent Accounting Pronouncements | ||||
In May 2014, the Financial Accounting Standards Board issued updated guidance and disclosure requirements for recognizing revenue. The new revenue recognition standard provides a five-step analysis of transactions to determine when and how revenue is recognized. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance will be effective for the Company on January 1, 2017 and may be applied retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. The Company is evaluating the potential impact of adopting this new accounting guidance. | ||||
In June 2014, the Financial Accounting Standards Board issued a standards update on accounting for share-based payments when the terms of the award provide that a performance target could be achieved after a requisite service period. The standard is effective beginning January 1, 2016, with early adoption permitted. We do not expect it to have a material impact on our consolidated financial position, results of operations or cash flows. |
Net_Loss_per_Share
Net Loss per Share | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Net Loss per Share | ' | ||||||||||||||||
2. Net Loss per Share | |||||||||||||||||
Basic net loss attributable to common stockholders per share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted net loss attributable to common stockholders per share is computed by giving effect to all potential dilutive common stock equivalents outstanding for the period. For purposes of this calculation, options to purchase common stock, common stock warrants, restricted stock units (“RSUs”) and redeemable convertible preferred stock are considered to be common stock equivalents. The Company applied the two-class method to calculate its basic and diluted net loss per share of common stock, as its convertible preferred stock and common stock are participating securities. The two-class method is an earnings allocation formula that treats a participating security as having rights to earnings that otherwise would have been available to common stockholders. However, the two-class method does not impact the net loss per share of common stock as the Company was in a loss position for each of the periods presented and preferred stockholders do not participate in losses. | |||||||||||||||||
A reconciliation of the denominator used in the calculation of basic and diluted loss attributable to common stockholders per share is as follows: | |||||||||||||||||
Three Months | Nine Months | ||||||||||||||||
Ended September 30, | Ended September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
(in thousands, except per share amount) | |||||||||||||||||
Net loss attributable to common stockholders | $ | (10,806 | ) | $ | (9,524 | ) | $ | (28,573 | ) | $ | (25,889 | ) | |||||
Weighted-average common shares outstanding — basic | 5,874 | 5,141 | 5,715 | 5,087 | |||||||||||||
Dilutive effect of share equivalents resulting from stock options, RSUs, common stock warrants, and redeemable convertible preferred shares (as converted) | — | — | — | — | |||||||||||||
Weighted-average common shares, outstanding — diluted | 5,874 | 5,141 | 5,715 | 5,087 | |||||||||||||
Net loss attributable to common stockholders per share, basic and diluted | $ | (1.84 | ) | $ | (1.85 | ) | $ | (5.00 | ) | $ | (5.09 | ) | |||||
Additionally, since the Company incurred net losses for each of the periods presented, diluted net loss attributable to common stockholders per share is the same as basic net loss attributable to common stockholders per share. The Company’s outstanding stock options, RSUs, common stock warrants, and redeemable convertible preferred stock were not included in the calculation of diluted loss attributable to common stockholders per share as the effect would be anti-dilutive. The following table contains all potentially dilutive common stock equivalents. | |||||||||||||||||
As of September 30, | |||||||||||||||||
2014 | 2013 | ||||||||||||||||
(in thousands) | |||||||||||||||||
Options to purchase common shares | 4,669 | 4,444 | |||||||||||||||
Common stock warrants | 13 | 13 | |||||||||||||||
Convertible preferred stock (as converted) | 19,530 | 19,530 | |||||||||||||||
RSUs | 1,361 | 750 |
Property_and_Equipment_Net
Property and Equipment, Net | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property and Equipment, Net | ' | ||||||||
3. Property and Equipment, Net | |||||||||
Property and equipment, net consists of the following: | |||||||||
September 30, | December 31, | ||||||||
2014 | 2013 | ||||||||
(in thousands) | |||||||||
Computer equipment & purchased software | $ | 1,808 | $ | 1,504 | |||||
Furniture and fixtures | 2,884 | 2,106 | |||||||
Office equipment | 1,083 | 990 | |||||||
Leasehold improvements | 9,117 | 5,845 | |||||||
Equipment under capital lease | 570 | 562 | |||||||
Total property and equipment | 15,462 | 11,007 | |||||||
Less accumulated depreciation | (5,588 | ) | (3,764 | ) | |||||
Property and equipment, net | $ | 9,874 | $ | 7,243 | |||||
Depreciation expense was $702 thousand for the three months ended September 30, 2014, $385 thousand for the three months ended September 30, 2013, $1,866 thousand for the nine months ended September 30, 2014, and $1,074 thousand for the nine months ended September 30, 2013. |
Capitalized_Software_Developme
Capitalized Software Development Costs | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Research and Development [Abstract] | ' | ||||||||||||||||
Capitalized Software Development Costs | ' | ||||||||||||||||
4. Capitalized Software Development Costs | |||||||||||||||||
Capitalized software development costs consisted of the following: | |||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2014 | 2013 | ||||||||||||||||
(in thousands) | |||||||||||||||||
Gross capitalized software development costs | $ | 13,490 | $ | 9,351 | |||||||||||||
Accumulated amortization | (8,685 | ) | (5,872 | ) | |||||||||||||
Capitalized software development costs, net | $ | 4,805 | $ | 3,479 | |||||||||||||
The following table summarizes software development costs capitalized, stock-based compensation included in capitalized software development costs, and amortization of capitalized software development costs: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30 | September 30 | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
(in thousands) | (in thousands) | ||||||||||||||||
Software development costs capitalized | $ | 1,641 | $ | 984 | $ | 4,139 | $ | 2,643 | |||||||||
Stock-based compensation included in capitalized software development costs | 83 | 71 | 209 | 193 | |||||||||||||
Amortization of software development costs | $ | 1,062 | $ | 679 | $ | 2,813 | $ | 1,875 |
Restricted_Cash
Restricted Cash | 9 Months Ended |
Sep. 30, 2014 | |
Cash and Cash Equivalents [Abstract] | ' |
Restricted Cash | ' |
5. Restricted Cash | |
The Company had restricted cash of $240 thousand at September 30, 2014 related to a leased facility. The Company had restricted cash of $1.9 million at December 31, 2013 which included $1.8 million for letters of credit for the Company’s leased facilities and $157 thousand in collateral for the Company’s corporate credit card borrowings. During the first nine months of 2014 the Company released from restrictions $1.7 million of cash, which includes the $157 thousand in collateral related to the Company’s corporate credit card borrowings and $1.5 million related to its leased facilities. |
Credit_Facility
Credit Facility | 9 Months Ended |
Sep. 30, 2014 | |
Debt Disclosure [Abstract] | ' |
Credit Facility | ' |
6. Credit Facility | |
In March 2014, the Company executed the third amendment to its amended and restated loan agreement (the “Loan Agreement”). The Company’s growth capital line of credit (the “Growth Capital Line”) was extended with borrowings available through December 2014 and repayable over thirty months through June 2017. Additionally, the Company’s revolving line of credit (the “Revolving Line”) was increased to $30.0 million and is payable in full in March 2016. | |
In September 2014, the Company amended its Loan Agreement to combine its $5.0 million Growth Capital Line and $30.0 million Revolving Line into a single $35.0 million Revolving Line. The interest rate on the new Revolving Line is the bank’s prime rate plus 0.5% and is due in full in March 2016. The Company had a total outstanding amount of $18.0 million at September 30, 2014. Prior to its IPO, the Company is required to meet minimum quarterly subscription revenue covenants, which increases throughout the life of the Loan Agreement. As of September 30, 2014, the Company was in compliance with this requirement. | |
In October 2014, in connection with the Company’s IPO (Note 12), the Company paid off the $18.0 million outstanding balance under the Revolving Line. |
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies | ' |
7. Commitments and Contingencies | |
There were no material changes in our commitments under contractual obligations, as disclosed in the Company’s audited consolidated financial statements for the year ended December 31, 2013. | |
Legal Contingencies | |
The Company is, from time to time, a party to litigation that arises in the normal course of its business operations. On November 13, 2013, a class action complaint was filed, alleging that the Company maintained a policy of not paying overtime to business development representatives for all hours worked in excess of 40 hours per week. The Company settled this litigation in November 2014 for an immaterial amount. | |
On September 23, 2014 the Company was sent a communication alleging, among other things, that an email tracking feature in the Company’s Sidekick product infringes upon certain patents of a third-party. Based on information currently available, the Company believes that this contingency will not have material impact on its business or consolidated financial statements. |
Changes_in_Accumulated_Other_C
Changes in Accumulated Other Comprehensive Loss | 9 Months Ended | ||||
Sep. 30, 2014 | |||||
Equity [Abstract] | ' | ||||
Changes in Accumulated Other Comprehensive Loss | ' | ||||
8. Changes in Accumulated Other Comprehensive Loss | |||||
The following table summarizes the changes in accumulated other comprehensive loss, which is reported as a component of stockholders’ deficit, for the nine months ended September 30, 2014. | |||||
Foreign | |||||
Currency Items | |||||
(in thousands) | |||||
Beginning balance at January 1, 2014 | $ | (79 | ) | ||
Other comprehensive income before reclassifications | (27 | ) | |||
Amounts reclassified from accumulated other comprehensive income | — | ||||
Ending balance at September 30, 2014 | $ | (106 | ) | ||
Reverse_Stock_Split
Reverse Stock Split | 9 Months Ended |
Sep. 30, 2014 | |
Equity [Abstract] | ' |
Reverse Stock Split | ' |
9. Reverse Stock Split | |
On September 25, 2014, the Company’s Board of Directors and stockholders approved a 1-for-3 reverse stock split of the Company’s common stock. The reverse stock split became effective on September 25, 2014. Upon the effectiveness of the reverse stock split, (i) every three shares of outstanding common stock was combined into one share of common stock, (ii) the number of shares of common stock into which each outstanding warrant or option to purchase common stock is exercisable was proportionally decreased, (iii) the exercise price of each outstanding warrant or option to purchase common stock was proportionately increased, and (iv) the conversion ratio for each share of preferred stock outstanding was proportionately reduced. Unless otherwise indicated, all of the share numbers, share prices and exercise prices in these consolidated financial statements have been adjusted, on a retroactive basis, to reflect this 1-for-3 reverse stock split. |
StockBased_Compensation_Expens
Stock-Based Compensation Expense | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Stock-Based Compensation Expense | ' | ||||||||||||||||
10. Stock-Based Compensation Expense | |||||||||||||||||
The following two tables show stock compensation expense by award type and where the stock compensation expense is recorded in the Company’s consolidated statements of operations: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
(in thousands) | (in thousands) | ||||||||||||||||
Options | $ | 1,266 | $ | 693 | $ | 3,514 | $ | 2,011 | |||||||||
Vesting of restricted stock | — | 128 | — | 384 | |||||||||||||
Total stock based compensation | $ | 1,266 | $ | 821 | $ | 3,514 | $ | 2,395 | |||||||||
Effect of stock-based compensation on income by line item: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
(in thousands) | (in thousands) | ||||||||||||||||
Cost of revenue, subscription | $ | 24 | $ | 6 | $ | 64 | $ | 26 | |||||||||
Cost of revenue, service | 84 | 56 | 236 | 122 | |||||||||||||
Research and development | 140 | 189 | 435 | 558 | |||||||||||||
Sales and marketing | 560 | 278 | 1,447 | 766 | |||||||||||||
General and administrative | 458 | 292 | 1,332 | 923 | |||||||||||||
Total stock based compensation | $ | 1,266 | $ | 821 | $ | 3,514 | $ | 2,395 | |||||||||
Excluded from stock-based compensation expense is $83 thousand of capitalized software development costs for the three months ended September 30, 2014, $71 thousand for the three months ended September 30, 2013 $209 thousand for the nine months ended September 30, 2014, and $193 thousand for the nine months ended September 30, 2013. |
Segment_Information_and_Geogra
Segment Information and Geographic Data | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Segment Information and Geographic Data | ' | ||||||||||||||||
11. Segment Information and Geographic Data | |||||||||||||||||
The Company operates as one operating segment. Operating segments are defined as components of an enterprise for which separate financial information is regularly evaluated by the chief operating decision makers (“CODMs”), which are the Company’s chief executive officer and chief operating officer, in deciding how to allocate resources and assess performance. The Company’s CODMs evaluate the Company’s financial information and resources and assess the performance of these resources on a consolidated basis. Since the Company operates in one operating segment, all required financial segment information can be found in the consolidated financial statements. Revenue and long-lived assets by geographic region, based on the physical location of the operations recording the sale or the asset, are as follows: | |||||||||||||||||
Revenues by geographical region (in thousands): | |||||||||||||||||
Three Months | Nine Months | ||||||||||||||||
Ended September 30, | Ended September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
(in thousands) | |||||||||||||||||
United States | $ | 27,008 | $ | 19,200 | $ | 73,349 | $ | 53,637 | |||||||||
Ireland | 3,420 | 979 | 8,351 | 1,618 | |||||||||||||
Australia | 20 | — | 20 | — | |||||||||||||
Total | $ | 30,448 | $ | 20,179 | $ | 81,720 | $ | 55,255 | |||||||||
Percentage of revenues generated outside of the United States | 11 | % | 5 | % | 10 | % | 3 | % | |||||||||
Total long lived assets by geographical region (in thousands): | |||||||||||||||||
As of September 30, | As of December 31 | ||||||||||||||||
2014 | 2013 | ||||||||||||||||
United States | $ | 9,170 | $ | 6,775 | |||||||||||||
Ireland | 701 | 468 | |||||||||||||||
Australia | 3 | — | |||||||||||||||
Total Long Lived Assets | $ | 9,874 | $ | 7,243 | |||||||||||||
Percentage of long lived assets held outside of the United States | 7 | % | 6 | % |
Subsequent_Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2014 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
12. Subsequent Events | |
On October 15, 2014 the Company closed its IPO whereby 5,750,000 shares of common stock were sold to the public, including the underwriters’ overallotment option of 750,000 shares of common stock, at a price of $25.00 per share. The Company received aggregate proceeds of approximately $133.7 million from the IPO, net of underwriters’ discounts and commissions, but before deduction of offering expenses of approximately $2.7 million. Upon the closing of the IPO, all shares of the Company’s outstanding convertible preferred stock automatically converted into 19,529,713 shares of common stock. The Company used $18 million of the IPO proceeds to pay down its revolving line. | |
Net_Loss_per_Share_Tables
Net Loss per Share (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Reconciliation of Basic and Diluted Loss Attributable to Common Stockholders Per Share | ' | ||||||||||||||||
A reconciliation of the denominator used in the calculation of basic and diluted loss attributable to common stockholders per share is as follows: | |||||||||||||||||
Three Months | Nine Months | ||||||||||||||||
Ended September 30, | Ended September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
(in thousands, except per share amount) | |||||||||||||||||
Net loss attributable to common stockholders | $ | (10,806 | ) | $ | (9,524 | ) | $ | (28,573 | ) | $ | (25,889 | ) | |||||
Weighted-average common shares outstanding — basic | 5,874 | 5,141 | 5,715 | 5,087 | |||||||||||||
Dilutive effect of share equivalents resulting from stock options, RSUs, common stock warrants, and redeemable convertible preferred shares (as converted) | — | — | — | — | |||||||||||||
Weighted-average common shares, outstanding — diluted | 5,874 | 5,141 | 5,715 | 5,087 | |||||||||||||
Net loss attributable to common stockholders per share, basic and diluted | $ | (1.84 | ) | $ | (1.85 | ) | $ | (5.00 | ) | $ | (5.09 | ) | |||||
Schedule of Potentially Dilutive Common Stock Equivalents | ' | ||||||||||||||||
The following table contains all potentially dilutive common stock equivalents. | |||||||||||||||||
As of September 30, | |||||||||||||||||
2014 | 2013 | ||||||||||||||||
(in thousands) | |||||||||||||||||
Options to purchase common shares | 4,669 | 4,444 | |||||||||||||||
Common stock warrants | 13 | 13 | |||||||||||||||
Convertible preferred stock (as converted) | 19,530 | 19,530 | |||||||||||||||
RSUs | 1,361 | 750 |
Property_and_Equipment_Net_Tab
Property and Equipment, Net (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Schedule of Property and Equipment | ' | ||||||||
Property and equipment, net consists of the following: | |||||||||
September 30, | December 31, | ||||||||
2014 | 2013 | ||||||||
(in thousands) | |||||||||
Computer equipment & purchased software | $ | 1,808 | $ | 1,504 | |||||
Furniture and fixtures | 2,884 | 2,106 | |||||||
Office equipment | 1,083 | 990 | |||||||
Leasehold improvements | 9,117 | 5,845 | |||||||
Equipment under capital lease | 570 | 562 | |||||||
Total property and equipment | 15,462 | 11,007 | |||||||
Less accumulated depreciation | (5,588 | ) | (3,764 | ) | |||||
Property and equipment, net | $ | 9,874 | $ | 7,243 | |||||
Capitalized_Software_Developme1
Capitalized Software Development Costs (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Research and Development [Abstract] | ' | ||||||||||||||||
Summary of Capitalized Software Development Costs | ' | ||||||||||||||||
Capitalized software development costs consisted of the following: | |||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2014 | 2013 | ||||||||||||||||
(in thousands) | |||||||||||||||||
Gross capitalized software development costs | $ | 13,490 | $ | 9,351 | |||||||||||||
Accumulated amortization | (8,685 | ) | (5,872 | ) | |||||||||||||
Capitalized software development costs, net | $ | 4,805 | $ | 3,479 | |||||||||||||
Summary of Capitalized Software Development Costs Including Stock-Based Compensation and Amortization | ' | ||||||||||||||||
The following table summarizes software development costs capitalized, stock-based compensation included in capitalized software development costs, and amortization of capitalized software development costs: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30 | September 30 | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
(in thousands) | (in thousands) | ||||||||||||||||
Software development costs capitalized | $ | 1,641 | $ | 984 | $ | 4,139 | $ | 2,643 | |||||||||
Stock-based compensation included in capitalized software development costs | 83 | 71 | 209 | 193 | |||||||||||||
Amortization of software development costs | $ | 1,062 | $ | 679 | $ | 2,813 | $ | 1,875 |
Changes_in_Accumulated_Other_C1
Changes in Accumulated Other Comprehensive Loss (Tables) | 9 Months Ended | ||||
Sep. 30, 2014 | |||||
Equity [Abstract] | ' | ||||
Changes in Accumulated Other Comprehensive Loss | ' | ||||
The following table summarizes the changes in accumulated other comprehensive loss, which is reported as a component of stockholders’ deficit, for the nine months ended September 30, 2014. | |||||
Foreign | |||||
Currency Items | |||||
(in thousands) | |||||
Beginning balance at January 1, 2014 | $ | (79 | ) | ||
Other comprehensive income before reclassifications | (27 | ) | |||
Amounts reclassified from accumulated other comprehensive income | — | ||||
Ending balance at September 30, 2014 | $ | (106 | ) | ||
StockBased_Compensation_Expens1
Stock-Based Compensation Expense (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Stock Compensation Expense by Award is Recorded in the Company's Consolidated Statements of Operations | ' | ||||||||||||||||
The following two tables show stock compensation expense by award type and where the stock compensation expense is recorded in the Company’s consolidated statements of operations: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
(in thousands) | (in thousands) | ||||||||||||||||
Options | $ | 1,266 | $ | 693 | $ | 3,514 | $ | 2,011 | |||||||||
Vesting of restricted stock | — | 128 | — | 384 | |||||||||||||
Total stock based compensation | $ | 1,266 | $ | 821 | $ | 3,514 | $ | 2,395 | |||||||||
Effect of Stock-Based Compensation on Income by Line Item | ' | ||||||||||||||||
Effect of stock-based compensation on income by line item: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
(in thousands) | (in thousands) | ||||||||||||||||
Cost of revenue, subscription | $ | 24 | $ | 6 | $ | 64 | $ | 26 | |||||||||
Cost of revenue, service | 84 | 56 | 236 | 122 | |||||||||||||
Research and development | 140 | 189 | 435 | 558 | |||||||||||||
Sales and marketing | 560 | 278 | 1,447 | 766 | |||||||||||||
General and administrative | 458 | 292 | 1,332 | 923 | |||||||||||||
Total stock based compensation | $ | 1,266 | $ | 821 | $ | 3,514 | $ | 2,395 | |||||||||
Segment_Information_and_Geogra1
Segment Information and Geographic Data (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Revenues by Geographical Region | ' | ||||||||||||||||
Revenues by geographical region (in thousands): | |||||||||||||||||
Three Months | Nine Months | ||||||||||||||||
Ended September 30, | Ended September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
(in thousands) | |||||||||||||||||
United States | $ | 27,008 | $ | 19,200 | $ | 73,349 | $ | 53,637 | |||||||||
Ireland | 3,420 | 979 | 8,351 | 1,618 | |||||||||||||
Australia | 20 | — | 20 | — | |||||||||||||
Total | $ | 30,448 | $ | 20,179 | $ | 81,720 | $ | 55,255 | |||||||||
Percentage of revenues generated outside of the United States | 11 | % | 5 | % | 10 | % | 3 | % | |||||||||
Long Lived Assets by Geographical Region | ' | ||||||||||||||||
Total long lived assets by geographical region (in thousands): | |||||||||||||||||
As of September 30, | As of December 31 | ||||||||||||||||
2014 | 2013 | ||||||||||||||||
United States | $ | 9,170 | $ | 6,775 | |||||||||||||
Ireland | 701 | 468 | |||||||||||||||
Australia | 3 | — | |||||||||||||||
Total Long Lived Assets | $ | 9,874 | $ | 7,243 | |||||||||||||
Percentage of long lived assets held outside of the United States | 7 | % | 6 | % |
Organization_and_Operations_Ad
Organization and Operations - Additional Information (Detail) (USD $) | 9 Months Ended | 0 Months Ended | |||
Sep. 30, 2014 | Oct. 15, 2014 | Oct. 15, 2014 | Oct. 15, 2014 | Oct. 15, 2014 | |
Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | ||
IPO [Member] | IPO [Member] | Over-Allotment Option [Member] | |||
Summary Of Organization And Operations [Line Items] | ' | ' | ' | ' | ' |
Number of shares issued to public | ' | ' | ' | 5,750,000 | 750,000 |
Issued price per share of common stock | ' | ' | ' | $25 | ' |
Aggregate proceeds from IPO | ' | $133,700,000 | ' | ' | ' |
Share offering expenses | ' | ' | 2,700,000 | ' | ' |
Number of preferred stock converted to common stock | ' | 19,529,713 | ' | ' | ' |
Stock-based compensation expense | $0 | ' | ' | ' | ' |
Net_Loss_per_Share_Summary_of_
Net Loss per Share - Summary of Reconciliation of Basic and Diluted Loss Attributable to Common Stockholders Per Share (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Earnings Per Share, Basic and Diluted [Abstract] | ' | ' | ' | ' |
Net loss attributable to common stockholders | ($10,806) | ($9,524) | ($28,573) | ($25,889) |
Weighted-average common shares outstanding - basic | 5,874 | 5,141 | 5,715 | 5,087 |
Dilutive effect of share equivalents resulting from stock options, RSUs, common stock warrants, and redeemable convertible preferred shares (as converted) | ' | ' | ' | ' |
Weighted-average common shares, outstanding - diluted | 5,874 | 5,141 | 5,715 | 5,087 |
Net loss attributable to common stockholders per share, basic and diluted | ($1.84) | ($1.85) | ($5) | ($5.09) |
Net_Loss_per_Share_Schedule_of
Net Loss per Share - Schedule of Potentially Dilutive Common Stock Equivalents (Detail) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Options to Purchase Common Shares [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive securities excluded from computation of earnings per share | 4,669 | 4,444 |
Common Stock Warrants [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive securities excluded from computation of earnings per share | 13 | 13 |
Convertible Preferred Stock [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive securities excluded from computation of earnings per share | 19,530 | 19,530 |
RSUs [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive securities excluded from computation of earnings per share | 1,361 | 750 |
Property_and_Equipment_Net_Sch
Property and Equipment, Net - Schedule of Property and Equipment (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Total property and equipment | $15,462 | $11,007 |
Less accumulated depreciation | -5,588 | -3,764 |
Property and equipment, net | 9,874 | 7,243 |
Computer Equipment & Purchased Software [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Total property and equipment | 1,808 | 1,504 |
Furniture and Fixtures [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Total property and equipment | 2,884 | 2,106 |
Office Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Total property and equipment | 1,083 | 990 |
Leasehold Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Total property and equipment | 9,117 | 5,845 |
Equipment Under Capital Lease [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Total property and equipment | $570 | $562 |
Property_and_Equipment_Net_Add
Property and Equipment, Net - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' |
Depreciation expense | ' | ' | $4,824 | $3,157 |
Property and Equipment [Member] | ' | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' |
Depreciation expense | $702 | $385 | $1,866 | $1,074 |
Capitalized_Software_Developme2
Capitalized Software Development Costs - Summary of Capitalized Software Development Costs (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Capitalized Computer Software, Net [Abstract] | ' | ' |
Gross capitalized software development costs | $13,490 | $9,351 |
Accumulated amortization | -8,685 | -5,872 |
Capitalized software development costs, net | $4,805 | $3,479 |
Capitalized_Software_Developme3
Capitalized Software Development Costs - Summary of Capitalized Software Development Costs Including Stock-Based Compensation and Amortization (Detail) (Software Development [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Software Development [Member] | ' | ' | ' | ' |
Capitalized Computer Software [Line Items] | ' | ' | ' | ' |
Software development costs capitalized | $1,641 | $984 | $4,139 | $2,643 |
Stock-based compensation included in capitalized software development costs | 83 | 71 | 209 | 193 |
Amortization of software development costs | $1,062 | $679 | $2,813 | $1,875 |
Restricted_Cash_Additional_Inf
Restricted Cash - Additional Information (Detail) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 |
Restricted Cash and Cash Equivalents Items [Line Items] | ' | ' |
Collateral for borrowings | $240 | $1,900 |
Amount released from restrictions | 1,700 | ' |
Letter of Credit [Member] | ' | ' |
Restricted Cash and Cash Equivalents Items [Line Items] | ' | ' |
Collateral for borrowings | ' | 1,800 |
Amount released from restrictions | 1,500 | ' |
Corporate Credit Card [Member] | ' | ' |
Restricted Cash and Cash Equivalents Items [Line Items] | ' | ' |
Collateral for borrowings | ' | 157 |
Amount released from restrictions | $157 | ' |
Credit_Facility_Additional_Inf
Credit Facility - Additional Information (Detail) (USD $) | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Oct. 15, 2014 | Sep. 30, 2014 | Sep. 30, 2014 |
Third Amendment [Member] | Revolving Line [Member] | Revolving Line [Member] | Revolving Line [Member] | Growth Capital Line [Member] | ||
Subsequent Event [Member] | Third Amendment [Member] | |||||
Line of Credit Facility [Line Items] | ' | ' | ' | ' | ' | ' |
Credit borrowings repayable term | ' | '30 months | ' | ' | ' | ' |
Credit facility, maximum borrowing capacity | $35,000,000 | ' | $30,000,000 | ' | $30,000,000 | $5,000,000 |
Credit facility, interest rate description | ' | ' | 'Bank's prime rate plus 0.5% | ' | ' | ' |
Credit facility, interest rate | ' | ' | 0.50% | ' | ' | ' |
Credit facility, outstanding amount | 18,000,000 | ' | ' | ' | ' | ' |
Credit facility payments | ' | ' | ' | $18,000,000 | ' | ' |
Changes_in_Accumulated_Other_C2
Changes in Accumulated Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Loss (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 |
In Thousands, unless otherwise specified | Accumulated Translation Adjustment [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Beginning balance at January 1, 2014 | ($106) | ($79) | ($79) |
Other comprehensive income before reclassifications | ' | ' | -27 |
Amounts reclassified from accumulated other comprehensive income | ' | ' | ' |
Ending balance at September 30, 2014 | ($106) | ($79) | ($106) |
Reverse_Stock_Split_Additional
Reverse Stock Split - Additional Information (Detail) | 0 Months Ended | 9 Months Ended |
Sep. 25, 2014 | Sep. 30, 2014 | |
Equity [Abstract] | ' | ' |
Stock split ratio | 0.33 | ' |
Stockholders' equity note, stock split description | ' | 'On SeptemberB 25, 2014, the Companybs Board of Directors approved a 1-for-3 reverse stock split of the Companybs common stock. The reverse stock split became effective on SeptemberB 25, 2014. Upon the effectiveness of the reverse stock split, (i)B every three shares of outstanding common stock was combined into one share of common stock, (ii)B the number of shares of common stock into which each outstanding warrant or option to purchase common stock is exercisable was proportionally decreased, (iii)B the exercise price of each outstanding warrant or option to purchase common stock was proportionately increased, and (iv)B the conversion ratio for each share of preferred stock outstanding was proportionately reduced. |
StockBased_Compensation_Expens2
Stock-Based Compensation Expense - Stock Compensation Expense by Award is Recorded in the Company's Consolidated Statements of Operations (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ' | ' | ' | ' |
Total stock based compensation | $1,266 | $821 | $3,514 | $2,395 |
Option [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ' | ' | ' | ' |
Total stock based compensation | 1,266 | 693 | 3,514 | 2,011 |
Vesting of Restricted Stock [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ' | ' | ' | ' |
Total stock based compensation | ' | $128 | ' | $384 |
StockBased_Compensation_Expens3
Stock-Based Compensation Expense - Effect of Stock-Based Compensation on Income by Line Item (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ' | ' | ' | ' |
Total stock based compensation | $1,266 | $821 | $3,514 | $2,395 |
Cost of Revenue, Subscription [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ' | ' | ' | ' |
Total stock based compensation | 24 | 6 | 64 | 26 |
Cost of Revenue, Service [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ' | ' | ' | ' |
Total stock based compensation | 84 | 56 | 236 | 122 |
Research and Development [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ' | ' | ' | ' |
Total stock based compensation | 140 | 189 | 435 | 558 |
Sales and Marketing [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ' | ' | ' | ' |
Total stock based compensation | 560 | 278 | 1,447 | 766 |
General and Administrative [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ' | ' | ' | ' |
Total stock based compensation | $458 | $292 | $1,332 | $923 |
StockBased_Compensation_Expens4
Stock-Based Compensation Expense - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Capitalized software development costs excluded from stock based compensation | $83 | $71 | $209 | $193 |
Segment_Information_and_Geogra2
Segment Information and Geographic Data - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2014 | |
Segment | |
Segment Reporting [Abstract] | ' |
Number of operating segments | 1 |
Segment_Information_and_Geogra3
Segment Information and Geographic Data - Revenues by Geographical Region (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Total Revenues | $30,448 | $20,179 | $81,720 | $55,255 |
United States [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Total Revenues | 27,008 | 19,200 | 73,349 | 53,637 |
Ireland [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Total Revenues | 3,420 | 979 | 8,351 | 1,618 |
Australia [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Total Revenues | $20 | ' | $20 | ' |
Revenue [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Percentage of revenues generated outside of the United States | 11.00% | 5.00% | 10.00% | 3.00% |
Segment_Information_and_Geogra4
Segment Information and Geographic Data - Long Lived Assets by Geographical Region (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Segment Reporting Information [Line Items] | ' | ' |
Total Long Lived Assets | $9,874 | $7,243 |
Percentage of long lived assets held outside of the United States | 7.00% | 6.00% |
United States [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Total Long Lived Assets | 9,170 | 6,775 |
Ireland [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Total Long Lived Assets | 701 | 468 |
Australia [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Total Long Lived Assets | $3 | ' |
Subsequent_Events_Additional_I
Subsequent Events - Additional Information (Detail) (Subsequent Event [Member], USD $) | 0 Months Ended |
In Millions, except Share data, unless otherwise specified | Oct. 15, 2014 |
Subsequent Event [Line Items] | ' |
Aggregate proceeds from IPO | $133.70 |
Number of preferred stock converted to common stock | 19,529,713 |
IPO [Member] | ' |
Subsequent Event [Line Items] | ' |
Share offering expenses | 2.7 |
Over-Allotment Option [Member] | ' |
Subsequent Event [Line Items] | ' |
Number of shares issued to public | 750,000 |
Revolving Line [Member] | ' |
Subsequent Event [Line Items] | ' |
Credit facility payments | $18 |