| Segment information |
Segment information for the three months ended June 30, 2013 and 2012 is set forth below:
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Three months ended June 30, 2013 |
(in thousands) |
Westell |
|
Kentrox |
|
Unallocated |
|
Total |
Revenue |
$ |
10,452 |
|
|
$ |
12,004 |
|
|
$ |
— |
|
|
$ |
22,456 |
|
Cost of goods sold |
6,895 |
|
|
6,785 |
|
|
— |
|
|
13,680 |
|
Gross profit |
3,557 |
|
|
5,219 |
|
|
— |
|
|
8,776 |
|
Gross margin |
34.0 |
% |
|
43.5 |
% |
|
— |
|
|
39.1 |
% |
Operating expenses: |
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|
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|
|
|
Sales and marketing |
2,086 |
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|
1,332 |
|
|
— |
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|
3,418 |
|
Research and development |
1,712 |
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|
987 |
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|
— |
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|
2,699 |
|
General and administrative |
1,097 |
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|
931 |
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|
1,544 |
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|
3,572 |
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Restructuring |
— |
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|
66 |
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— |
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|
66 |
|
Intangible amortization |
234 |
|
|
1,388 |
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|
— |
|
|
1,622 |
|
Total operating expenses |
5,129 |
|
|
4,704 |
|
|
1,544 |
|
|
11,377 |
|
Operating income (loss) |
$ |
(1,572 |
) |
|
$ |
515 |
|
|
(1,544 |
) |
|
(2,601 |
) |
Other income (expense) |
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|
|
(130 |
) |
|
(130 |
) |
Income (loss) before income taxes and discontinued operations |
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|
|
(1,674 |
) |
|
(2,731 |
) |
Income tax benefit (expense) |
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|
(19 |
) |
|
(19 |
) |
Net income (loss) from continuing operations |
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|
$ |
(1,693 |
) |
|
$ |
(2,750 |
) |
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Three months ended June 30, 2012 |
(in thousands) |
|
|
Westell |
|
Unallocated |
|
Total |
Revenue |
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|
$ |
9,418 |
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|
$ |
— |
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|
$ |
9,418 |
|
Cost of goods sold |
|
|
6,645 |
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— |
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|
6,645 |
|
Gross profit |
|
|
2,773 |
|
|
— |
|
|
2,773 |
|
Gross margin |
|
|
29.4 |
% |
|
— |
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|
29.4 |
% |
Operating expenses: |
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Sales and marketing |
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|
1,875 |
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|
— |
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|
1,875 |
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Research and development |
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|
1,517 |
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— |
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|
1,517 |
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General and administrative |
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|
1,248 |
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|
1,331 |
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|
2,579 |
|
Restructuring |
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|
92 |
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— |
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|
92 |
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Intangible amortization |
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|
208 |
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— |
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|
208 |
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Total operating expenses |
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|
4,940 |
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|
1,331 |
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|
6,271 |
|
Operating income (loss) |
|
|
$ |
(2,167 |
) |
|
(1,331 |
) |
|
(3,498 |
) |
Other income (expense) |
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|
|
84 |
|
|
84 |
|
Income (loss) before income taxes and discontinued operations |
|
|
|
|
(1,247 |
) |
|
(3,414 |
) |
Income tax benefit (expense) |
|
|
|
|
1,247 |
|
|
1,247 |
|
Net income (loss) from continuing operations |
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|
$ |
— |
|
|
$ |
(2,167 |
) |
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Depreciation and amortization |
Three months ended June 30, |
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(in thousands) |
2013 |
|
2012 |
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Westell segment depreciation and amortization |
$ |
365 |
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$ |
329 |
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Kentrox segment depreciation and amortization |
1,410 |
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|
— |
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Total depreciation and amortization |
$ |
1,775 |
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|
$ |
329 |
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