Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.5.0.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]    
Revenue $ 14,816 $ 21,570
Cost of revenue (1) 10,251 [1] 13,141
Gross profit 4,565 8,429
Operating expenses:    
Research and development 4,277 5,086
Sales and marketing 3,381 3,196
General and administrative 2,345 2,969
Intangible amortization 1,200 1,399
Restructuring (36) 17
Impairment of Long-Lived Assets to be Disposed of 1,181 0
Total operating expenses 12,348 12,667
Operating profit (loss) (7,783) (4,238)
Other income (expense), net 17 38
Income (loss) before income taxes and discontinued operations (7,766) (4,200)
Income tax benefit (expense) (2) 62
Net income (loss) from continuing operations (7,768) (4,138)
Discontinued Operations:    
Income from discontinued operations, net of income tax of $172 for the three months ended June 30, 2015   272
Net income (loss) (2) [2] $ (7,768) $ (3,866)
Basic net income (loss) per share:    
Basic net income (loss) from continuing operations $ (0.13) $ (0.07)
Basic net income (loss) from discontinued operations 0.00 0.00
Basic net income (loss) (3) (0.13) (0.06) [3]
Diluted net income (loss) per share:    
Diluted net income (loss) from continuing operations (0.13) (0.07)
Diluted net income (loss) from discontinued operations 0.00 0.00
Diluted net income (loss) (3) $ (0.13) $ (0.06) [3]
Weighted-average number of common shares outstanding:    
Basic (shares) 61,016 60,703
Effect of dilutive securities: restricted stock, restricted stock units, performance stock units and stock options (4) [4] 0 0
Diluted (shares) 61,016 60,703
[1] The three months ended June 30, 2016, includes E&O expense for ClearLink DAS inventory and pipeline inventory. See Note 14, Subsequent Event.
[2] Net income (loss) and comprehensive income (loss) are the same for the periods reported.
[3] Totals may not sum due to rounding.
[4] The Company had 6.1 million shares represented by common stock equivalents for the three months ended June 30, 2016 and 3.3 million shares represented by common stock equivalents for the three months ended June 30, 2015, which were not included in the computation of average dilutive shares outstanding because they were anti-dilutive. In periods with a net loss from continuing operations, the basic loss per share equals the diluted loss per share as all common stock equivalents are excluded from the per share calculation.