| Segment information |
Segment information for the three months ended June 30, 2018, and 2017, is set forth below:
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Three months ended June 30, 2018 |
(in thousands) |
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IBW |
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ISM |
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CNS |
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Total |
Revenue |
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$ |
3,557 |
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$ |
5,744 |
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$ |
3,736 |
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$ |
13,037 |
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Cost of revenue |
|
1,895 |
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|
2,796 |
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|
2,411 |
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|
7,102 |
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Gross profit |
|
1,662 |
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|
2,948 |
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|
1,325 |
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|
5,935 |
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Gross margin |
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46.7 |
% |
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51.3 |
% |
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35.5 |
% |
|
45.5 |
% |
Research and development |
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522 |
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|
569 |
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|
341 |
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|
1,432 |
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Segment profit |
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$ |
1,140 |
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$ |
2,379 |
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$ |
984 |
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|
4,503 |
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Operating expenses: |
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Sales and marketing |
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2,137 |
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General and administrative |
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1,534 |
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Intangible amortization |
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990 |
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Operating profit (loss) |
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(158 |
) |
Other income, net |
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119 |
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Income tax benefit (expense) |
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— |
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Net income (loss) |
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$ |
(39 |
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Three months ended June 30, 2017 |
(in thousands) |
|
IBW |
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ISM |
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CNS |
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Total |
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 |
|
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 |
% |
|
29.6 |
% |
|
40.8 |
% |
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 (loss) |
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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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Operating profit (loss) |
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(603 |
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Other income, net |
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43 |
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Income tax benefit (expense) |
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(12 |
) |
Net income (loss) |
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$ |
(572 |
) |
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