Quarterly report pursuant to Section 13 or 15(d)

Interim Segment Information (Tables)

Interim Segment Information (Tables)

6 Months Ended

Sep. 30, 2018

Segment information for the three and six months ended September 30, 2018, and 2017, is set forth below:



	Three months ended September 30, 2018
(in thousands)	IBW			ISM			CNS			Total
Revenue	$	3,646		$	2,646		$	3,814		$	10,106
Cost of revenue	1,954			1,224			2,735			5,913
Gross profit	1,692			1,422			1,079			4,193
Gross margin	46.4		%	53.7		%	28.3		%	41.5		%
Research and development	867			558			418			1,843
Segment profit	$	825		$	864		$	661		2,350
Operating expenses:
Sales and marketing										1,876
General and administrative										1,400
Intangible amortization										832
Operating profit (loss)										(1,758		)
Other income, net										165
Income tax benefit (expense)										(10		)
Net income (loss) from continuing operations										$	(1,603	)

	Three months ended September 30, 2017
(in thousands)	IBW			ISM			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
Operating profit (loss)										56
Other income, net										677			⁽¹⁾
Income tax benefit (expense)										(13		)
Net income (loss) from continuing operations										$	720
⁽¹⁾ During the quarter ended September 30, 2017, the Company dissolved the NoranTel legal entity, which triggered a one-time foreign currency gain with the reversal of a cumulative translation adjustment. See Note 1.




	Six months ended September 30, 2018
(in thousands)	IBW			ISM			CNS			Total
Revenue	$	7,203		$	8,390		$	7,550		$	23,143
Cost of revenue	3,849			4,020			5,146			13,015
Gross profit	3,354			4,370			2,404			10,128
Gross margin	46.6		%	52.1		%	31.8		%	43.8		%
Research and development	1,389			1,127			759			3,275
Segment profit	$	1,965		$	3,243		$	1,645		6,853
Operating expenses:
Sales and marketing										4,013
General and administrative										2,934
Intangible amortization										1,822
Operating profit (loss)										(1,916		)
Other income, net										284
Income tax benefit (expense)										(10		)
Net income (loss) from continuing operations										$	(1,642	)

	Six months ended September 30, 2017
(in thousands)	IBW			ISM			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 (loss)	$	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
Operating profit (loss)										(547		)
Other income, net										720			⁽¹⁾
Income tax benefit (expense)										(25		)
Net income (loss) from continuing operations										$	148

⁽¹⁾ During the quarter ended September 30, 2017, the Company dissolved the NoranTel legal entity, which triggered a one-time foreign currency gain with the reversal of a cumulative translation adjustment. See Note 1.