Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.7.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Sales Revenue, Goods, Net $ 15,545 $ 13,613
Sales Revenue, Services, Net 1,029 1,203
Total revenue 16,574 14,816
Cost of Goods Sold 9,424 9,601 [1]
Cost of Services 383 650
Total cost of revenue 9,807 10,251 [1]
Gross profit 6,767 4,565 [1]
Operating expenses    
Research and development 2,276 4,277
Sales and marketing 2,336 3,381
General and administrative 1,711 2,345
Intangible amortization 1,047 1,200
Restructuring 0 (36)
Impairment of Long-Lived Assets to be Disposed of 0 1,181
Total operating expenses 7,370 12,348
Operating profit (loss) (603) (7,783)
Other income (expense), net 43 17
Income (loss) before income taxes (560) (7,766)
Income tax benefit (expense) (12) (2)
Net income (loss) (2) [2] $ (572) $ (7,768)
Net income (loss) per share:    
Basic $ (0.04) $ (0.51) [3]
Diluted $ (0.04) $ (0.51) [3]
Weighted-average number of common shares outstanding:    
Basic (shares) 15,481 15,254 [3]
Effect of dilutive securities: restricted stock, restricted stock units, performance stock units and stock options (4) [4] 0 0
Diluted (shares) 15,481 15,254 [3]
[1] The three months ended June 30, 2016, includes $1.4 million of E&O expense for ClearLink DAS inventory and pipeline inventory.
[2] Net income (loss) and comprehensive income (loss) are the same for the periods reported.
[3] All common stock (except authorized shares), equity, share and per share amounts have been retroactively adjusted to reflect a one-for-four reverse stock split which was effective June 7, 2017.
[4] The Company had 1.1 million shares represented by common stock equivalents for the three months ended June 30, 2017, and 1.5 million shares represented by common stock equivalents for the three months ended June 30, 2016, 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.