The press release clearly does not answer the question...
They reaffirmed guidance, so that is not a problem, and Dave loved the company... so why did the twosome resign? Pure speculation, but was it that they completely f up guidance for the prior quarter? That should have cost the cfo his job... and, yes, maybe Flynn too.
It'll be interesting to learn the real story, but given no accounting (or therefore fraud) irregularities and that they are also reaffirming guidance, then given the timing, it may be that they overstepped Flynn overstepped his authority or BOD authorization process in doing the recent acquisition.
This opens the barn door for a sale of the company near term.
Here's some more dysfunction for you. The chief marketing officer and co founder resigned with him BUT they are keeping both on the board for 12 mos. in an "advisory" capacity?Q!?!?? Just get the blank out! So both will still be draining money out while working on their "new" projects.
The advisory part is litigation avoidance... the twosome packed their offices last night and won't be back in the office. See my comments above for what is likely happening, and there may be some questionable insider trades over the last 6 months as to who knew what was happening when and traded anyway -- 10b-5 or not -- so It may take a few days to learn what is happening, but they are obviously NOT just saying golly, let's do something else entrepreneurial.