Interim Segment Information (Tables)

6 Months Ended

Sep. 30, 2017

Segment information for the three and six months ended September 30, 2017, and 2016, is set forth below:



	Three months ended September 30, 2017
(in thousands)	IBW				ISMS			CNS			Total
Revenue	$	7,919			$	4,730		$	4,583		$	17,232
Cost of revenue	4,269				2,511			3,177			9,957
Gross profit	3,650				2,219			1,406			7,275
Gross margin	46.1		%		46.9		%	30.7		%	42.2		%
Research and development	1,443				523			239			2,205
Segment profit	$	2,207			$	1,696		$	1,167		5,070
Operating expenses:
Sales and marketing											1,992
General and administrative											1,809
Intangible amortization											1,048
Restructuring											165
Long-lived assets impairment											—
Operating profit (loss)											56
Other income, net											677
Income tax expense											(13		)
Net income (loss)											$	720

	Three months ended September 30, 2016
(in thousands)	IBW				ISMS			CNS			Total
Revenue	$	6,644			$	5,109		$	6,027		$	17,780
Cost of revenue	4,411			⁽¹⁾	2,702			4,300			11,413			⁽¹⁾
Gross profit	2,233			⁽¹⁾	2,407			1,727			6,367			⁽¹⁾
Gross margin	33.6		%	⁽¹⁾	47.1		%	28.7		%	35.8		%	⁽¹⁾
Research and development	1,594				1,237			496			3,327
Segment profit	$	639			$	1,170		$	1,231		3,040
Operating expenses:
Sales and marketing											2,896
General and administrative											2,218
Intangible amortization											1,201
Restructuring											2,601
Long-lived assets impairment											—
Operating profit (loss)											(5,876		)
Other income, net											74
Income tax expense											(8		)
Net income (loss)											$	(5,810	)
⁽¹⁾ The three and six months ended September 30, 2016, includes E&O expense for ClearLink DAS inventory and pipeline inventory. See Note 2, Restructuring Charges.




	Six months ended September 30, 2017
(in thousands)	IBW				ISMS			CNS			Total
Revenue	$	14,875			$	8,860		$	10,071		$	33,806
Cost of revenue	8,211				4,515			7,038			19,764
Gross profit	6,664				4,345			3,033			14,042
Gross margin	44.8		%		49.0		%	30.1		%	41.5		%
Research and development	2,906				1,088			487			4,481
Segment profit	$	3,758			$	3,257		$	2,546		9,561
Operating expenses:
Sales and marketing											4,328
General and administrative											3,520
Intangible amortization											2,095
Restructuring											165
Long-lived assets impairment											—
Operating profit (loss)											(547		)
Other income, net											720
Income tax expense											(25		)
Net income (loss)											$	148


	Six months ended September 30, 2016
(in thousands)	IBW				ISMS			CNS			Total
Revenue	$	12,765			$	9,248		$	10,583		$	32,596
Cost of revenue	9,538			⁽¹⁾	4,822			7,304			21,664			⁽¹⁾
Gross profit	3,227			⁽¹⁾	4,426			3,279			10,932			⁽¹⁾
Gross margin	25.3		%	⁽¹⁾	47.9		%	31.0		%	33.5		%	⁽¹⁾
Research and development	3,958				2,531			1,115			7,604
Segment profit (loss)	$	(731	)		$	1,895		$	2,164		3,328
Operating expenses:
Sales and marketing											6,277
General and administrative											4,563
Intangible amortization											2,401
Restructuring											2,565
Long-lived assets impairment											1,181
Operating profit (loss)											(13,659		)
Other income, net											91
Income tax expense											(10		)
Net income (loss)											$	(13,578	)

⁽¹⁾ The three and six months ended September 30, 2016, includes E&O expense for ClearLink DAS inventory and pipeline inventory.

See Note 2, Restructuring Charges.