| Segment information |
Segment information for the three months ended June 30, 2017, and 2016, is set forth below:
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Three months ended June 30, 2017 |
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(in thousands) |
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IBW |
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ISMS |
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CNS |
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Total |
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Revenue |
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$ |
6,956 |
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$ |
4,130 |
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$ |
5,488 |
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$ |
16,574 |
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Cost of revenue |
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3,942 |
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|
2,004 |
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3,861 |
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|
9,807 |
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Gross profit |
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3,014 |
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|
2,126 |
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1,627 |
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6,767 |
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Gross margin |
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43.3 |
% |
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51.5 |
% |
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29.6 |
% |
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40.8 |
% |
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Research and development |
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1,463 |
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565 |
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|
248 |
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2,276 |
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Segment profit |
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$ |
1,551 |
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$ |
1,561 |
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$ |
1,379 |
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4,491 |
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Operating expenses: |
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Sales and marketing |
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2,336 |
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General and administrative |
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1,711 |
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Intangible amortization |
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1,047 |
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Restructuring |
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— |
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Long-lived assets impairment |
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— |
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Operating profit (loss) |
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(603 |
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Other income (expense), net |
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43 |
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Income tax benefit (expense) |
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(12 |
) |
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Net income (loss) |
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$ |
(572 |
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Three months ended June 30, 2016 |
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(in thousands) |
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IBW |
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ISMS |
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CNS |
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Total |
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Revenue |
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$ |
6,121 |
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$ |
4,139 |
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$ |
4,556 |
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$ |
14,816 |
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Cost of revenue |
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5,127 |
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(1) |
2,120 |
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|
3,004 |
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|
10,251 |
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(1) |
Gross profit |
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994 |
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(1) |
2,019 |
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1,552 |
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4,565 |
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(1) |
Gross margin |
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16.2 |
% |
(1) |
48.8 |
% |
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34.1 |
% |
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30.8 |
% |
(1) |
Research and development |
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2,364 |
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1,294 |
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619 |
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4,277 |
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Segment profit (loss) |
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$ |
(1,370 |
) |
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$ |
725 |
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$ |
933 |
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|
288 |
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Operating expenses: |
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Sales and marketing |
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3,381 |
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General and administrative |
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2,345 |
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Intangible amortization |
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1,200 |
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Restructuring |
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(36 |
) |
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Long-lived assets impairment |
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1,181 |
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Operating profit (loss) |
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(7,783 |
) |
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Other income (expense), net |
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17 |
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Income tax benefit (expense) |
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(2 |
) |
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Net income (loss) from continuing operations |
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$ |
(7,768 |
) |
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(1) The three months ended June 30, 2016, includes E&O expense for ClearLink DAS inventory and pipeline inventory. See Note 2, Restructuring Charges.
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