Annual report pursuant to Section 13 and 15(d)

Segment Information (Tables)

v3.8.0.1
Segment Information (Tables)
12 Months Ended
Mar. 31, 2018
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information, by Segment[Table Text Block]
Segment information for the fiscal years ended March 31, 2018 and 2017, is set forth below:
 
Fiscal Year Ended March 31, 2018
 
(in thousands)
IBW
 
ISMS
 
CNS
 
Total
 
Revenue
$
23,265

 
$
19,350

 
$
15,962

 
$
58,577

 
Gross profit
10,653

 
9,959

 
4,555

 
25,167

 
Gross margin
45.8
%
 
51.5
%
 
28.5
%
 
43.0
%
 
Research and development
4,141

 
2,264

 
970

 
7,375

 
Segment profit
$
6,512

 
$
7,695

 
$
3,585

 
17,792

 
Operating expenses:
 
 
 
 
 
 
 
 
Sales and marketing
 
 
 
 
 
 
8,290

 
General and administrative
 
 
 
 
 
 
6,602

 
Intangible amortization
 
 
 
 
 
 
4,189

 
Restructuring
 
 
 
 
 
 
165

 
Long-lived assets impairment
 
 
 
 
 
 

 
Operating income (loss) from continuing operations
 
 
 
 
 
 
(1,454
)
 
Other income (expense), net
 
 
 
 
 
 
888

 
Income tax (expense) benefit
 
 
 
 
 
 
597

 
Net income (loss) from continuing operations
 
 
 
 
 
 
$
31

 
 
 
 
 
 
 
 
 
 
 
Fiscal Year Ended March 31, 2017
 
(in thousands)
IBW
 
ISMS
 
CNS
 
Total
 
Revenue
$
25,933

 
$
19,321

 
$
17,711

 
$
62,965

 
Gross profit
8,671

 
9,778

 
5,300

 
23,749

 
Gross margin
33.4
%
(1) 
50.6
%
 
29.9
%
 
37.7
%
(1) 
Research and development
6,738

 
3,955

 
1,674

 
12,367

 
Segment profit
$
1,933

 
$
5,823

 
$
3,626

 
11,382

 
Operating expenses:
 
 
 
 
 
 


 
Sales and marketing
 
 
 
 
 
 
10,344

 
General and administrative
 
 
 
 
 
 
7,991

 
Intangible amortization
 
 
 
 
 
 
4,764

 
Restructuring
 
 
 
 
 
 
3,155

 
Long-lived assets impairment
 
 
 
 
 
 
1,181

 
Operating income (loss) from continuing operations
 
 
 
 
 
 
(16,053
)
 
Other income (expense), net
 
 
 
 
 
 
170

 
Income tax (expense) benefit
 
 
 
 
 
 
(58
)
 
Net income (loss) from continuing operations
 
 
 
 
 
 
$
(15,941
)
 
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]
Significant Customers and Concentration of Credit
The Company is dependent on certain major companies operating in telecommunications markets that represent more than 10% of the total revenue. Sales to major customers and successor companies that exceed 10% of total revenue are as follows:
 
Fiscal Year Ended March 31,
 
2018
 
2017
Verizon
18.0
%
 
21.9
%
AT&T
12.5
%
 
16.3
%
American Tower
7.2
%
 
10.0
%
Schedule of Major Customer Accounts Receivable [Table Text Block]
Major companies operating in telecommunications markets comprise a significant portion of the Company’s trade receivables. Receivables from major customers that exceed 10% of total accounts receivable balance are as follows:
 
Fiscal Year Ended March 31,
 
2018
 
2017
Verizon
36.2
%
 
19.0
%
AT&T
14.4
%
 
22.4
%
T-Mobile
8.4
%
 
13.3
%