| Segment information |
Segment information for the three months ended June 30, 2019, and 2018, is set forth below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2019 |
(in thousands) |
|
IBW |
|
ISM |
|
CNS |
|
Total |
Revenue |
|
$ |
2,923 |
|
|
$ |
3,095 |
|
|
$ |
2,984 |
|
|
$ |
9,002 |
|
Cost of revenue |
|
1,951 |
|
|
1,516 |
|
|
2,289 |
|
|
5,756 |
|
Gross profit |
|
972 |
|
|
1,579 |
|
|
695 |
|
|
3,246 |
|
Gross margin |
|
33.3 |
% |
|
51.0 |
% |
|
23.3 |
% |
|
36.1 |
% |
Research and development |
|
399 |
|
|
701 |
|
|
456 |
|
|
1,556 |
|
Segment profit |
|
$ |
573 |
|
|
$ |
878 |
|
|
$ |
239 |
|
|
1,690 |
|
Operating expenses: |
|
|
|
|
|
|
|
|
Sales and marketing |
|
|
|
|
|
|
|
2,332 |
|
General and administrative |
|
|
|
|
|
|
|
1,364 |
|
Intangible amortization |
|
|
|
|
|
|
|
308 |
|
Operating profit (loss) |
|
|
|
|
|
|
|
(2,314 |
) |
Other income, net |
|
|
|
|
|
|
|
164 |
|
Income tax benefit (expense) |
|
|
|
|
|
|
|
(7 |
) |
Net income (loss) |
|
|
|
|
|
|
|
$ |
(2,157 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2018 |
(in thousands) |
|
IBW |
|
ISM |
|
CNS |
|
Total |
Revenue |
|
$ |
3,557 |
|
|
$ |
5,744 |
|
|
$ |
3,736 |
|
|
$ |
13,037 |
|
Cost of revenue |
|
1,895 |
|
|
2,796 |
|
|
2,411 |
|
|
7,102 |
|
Gross profit |
|
1,662 |
|
|
2,948 |
|
|
1,325 |
|
|
5,935 |
|
Gross margin |
|
46.7 |
% |
|
51.3 |
% |
|
35.5 |
% |
|
45.5 |
% |
Research and development |
|
522 |
|
|
569 |
|
|
341 |
|
|
1,432 |
|
Segment profit (loss) |
|
$ |
1,140 |
|
|
$ |
2,379 |
|
|
$ |
984 |
|
|
4,503 |
|
Operating expenses: |
|
|
|
|
|
|
|
|
Sales and marketing |
|
|
|
|
|
|
|
2,137 |
|
General and administrative |
|
|
|
|
|
|
|
1,534 |
|
Intangible amortization |
|
|
|
|
|
|
|
990 |
|
Operating profit (loss) |
|
|
|
|
|
|
|
(158 |
) |
Other income, net |
|
|
|
|
|
|
|
119 |
|
Income tax benefit (expense) |
|
|
|
|
|
|
|
— |
|
Net income (loss) |
|
|
|
|
|
|
|
$ |
(39 |
) |
|