By midday, shares had added 6% to $17.04.
Over the three months to March, the company reported revenue 23% higher year over year to $31.8 million. However, net losses widened to 7 cents a share from profits of 2 cents a share in the year-ago quarter.Analysts surveyed by Thomson Reuters had expected a net loss of 7 cents a share and revenue of $31.3 million. Must read: Warren Buffett's 10 Favorite Growth Stocks STOCKS TO BUY: TheStreet's Stocks Under $10 has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.