Total revenue was $19.9 million, an increase of 31% compared to $15.2 million for the third quarter of 2015.
GAAP operating loss was $(2.4) million, compared to a GAAP operating loss of $(3.6) million for the third quarter of 2015.
Non-GAAP operating loss was $(0.9) million, compared to non-GAAP operating loss of $(2.2) million for the third quarter of 2015. Non-GAAP operating loss excludes stock-based compensation and amortization of intangible assets related to acquisitions.
GAAP net loss was $(2.6) million, compared to $(3.6) million for the third quarter of 2015. GAAP net loss per share was $(0.18), based on 14.8 million basic and diluted weighted average common shares outstanding, compared to $(0.30) for the third quarter of 2015, based on 12.3 million basic and diluted weighted average common shares outstanding.
Non-GAAP net loss was $(1.1) million, compared to $(2.2) million in the third quarter of 2015. Non-GAAP net loss per share was $(0.07), based on 14.8 million basic and diluted weighted average common shares outstanding, compared to $(0.18) for the third quarter of 2015, based on 12.3 million basic and diluted weighted average common shares outstanding. Non-GAAP net loss excludes stock-based compensation and amortization of intangible assets related to acquisitions.
Adjusted EBITDA was $0.3 million, compared to $(1.4) million in the third quarter of 2015. Adjusted EBITDA represents net loss before interest income and interest expense, income tax expense and benefit, depreciation and amortization expense and stock-based compensation expense.
Cash as of September 30, 2016 totaled $62.3 million, compared to $1.0 million as of June 30, 2016. Cash includes $69.8 million in net proceeds, after underwriting discounts and commissions, from the completion of the company’s initial public offering in September 2016, partially offset by $10.8 million in cash used to retire all previously outstanding debt.
Cash flow from operations were $8.2 million compared to $1.5 million for the third quarter of 2015.
Free cash flow was $6.6 million compared to $(0.9) million for the third quarter of 2015. Free cash flow is cash flow from operations, less cash used for capital expenditures and additions to capitalized software development costs.