| Segment information |
Segment information for the three and nine months ended December 31, 2019, and 2018, is set forth below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended December 31, 2019 |
(in thousands) |
|
IBW |
|
ISM |
|
CNS |
|
Total |
Revenue |
|
$ |
2,466 |
|
|
$ |
2,456 |
|
|
$ |
2,237 |
|
|
$ |
7,159 |
|
Cost of revenue |
|
1,657 |
|
|
991 |
|
|
1,731 |
|
|
4,379 |
|
Gross profit |
|
809 |
|
|
1,465 |
|
|
506 |
|
|
2,780 |
|
Gross margin |
|
32.8 |
% |
|
59.6 |
% |
|
22.6 |
% |
|
38.8 |
% |
Research and development |
|
470 |
|
|
505 |
|
|
247 |
|
|
1,222 |
|
Segment profit |
|
$ |
339 |
|
|
$ |
960 |
|
|
$ |
259 |
|
|
1,558 |
|
Operating expenses: |
|
|
|
|
|
|
|
|
Sales and marketing |
|
|
|
|
|
|
|
1,556 |
|
General and administrative |
|
|
|
|
|
|
|
1,093 |
|
Intangible amortization |
|
|
|
|
|
|
|
308 |
|
Restructuring |
|
|
|
|
|
|
|
234 |
|
Operating profit (loss) |
|
|
|
|
|
|
|
(1,633 |
) |
Other income, net |
|
|
|
|
|
|
|
109 |
|
Income tax benefit (expense) |
|
|
|
|
|
|
|
(20 |
) |
Net income (loss) from continuing operations |
|
|
|
|
|
|
|
$ |
(1,544 |
) |
|
|
|
|
|
|
|
|
|
|
|
Three months ended December 31, 2018 |
(in thousands) |
|
IBW |
|
ISM |
|
CNS |
|
Total |
Revenue |
|
$ |
2,794 |
|
|
$ |
5,116 |
|
|
$ |
2,812 |
|
|
$ |
10,722 |
|
Cost of revenue |
|
1,725 |
|
|
2,217 |
|
|
2,190 |
|
|
6,132 |
|
Gross profit |
|
1,069 |
|
|
2,899 |
|
|
622 |
|
|
4,590 |
|
Gross margin |
|
38.3 |
% |
|
56.7 |
% |
|
22.1 |
% |
|
42.8 |
% |
Research and development |
|
682 |
|
|
570 |
|
|
484 |
|
|
1,736 |
|
Segment profit |
|
$ |
387 |
|
|
$ |
2,329 |
|
|
$ |
138 |
|
|
2,854 |
|
Operating expenses: |
|
|
|
|
|
|
|
|
Sales and marketing |
|
|
|
|
|
|
|
1,999 |
|
General and administrative |
|
|
|
|
|
|
|
1,738 |
|
Intangible amortization |
|
|
|
|
|
|
|
830 |
|
Operating profit (loss) |
|
|
|
|
|
|
|
(1,713 |
) |
Other income, net |
|
|
|
|
|
|
|
158 |
|
Income tax benefit (expense) |
|
|
|
|
|
|
|
(1 |
) |
Net income (loss) from continuing operations |
|
|
|
|
|
|
|
$ |
(1,556 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended December 31, 2019 |
(in thousands) |
|
IBW |
|
ISM |
|
CNS |
|
Total |
Revenue |
|
$ |
8,007 |
|
|
$ |
8,197 |
|
|
$ |
7,526 |
|
|
$ |
23,730 |
|
Cost of revenue |
|
5,813 |
|
|
4,111 |
|
|
6,201 |
|
|
16,125 |
|
Gross profit |
|
2,194 |
|
|
4,086 |
|
|
1,325 |
|
|
7,605 |
|
Gross margin |
|
27.4 |
% |
|
49.8 |
% |
|
17.6 |
% |
|
32.0 |
% |
Research and development |
|
1,272 |
|
|
1,825 |
|
|
1,130 |
|
|
4,227 |
|
Segment profit |
|
$ |
922 |
|
|
$ |
2,261 |
|
|
$ |
195 |
|
|
3,378 |
|
Operating expenses: |
|
|
|
|
|
|
|
|
Sales and marketing |
|
|
|
|
|
|
|
6,147 |
|
General and administrative |
|
|
|
|
|
|
|
3,706 |
|
Intangible amortization |
|
|
|
|
|
|
|
924 |
|
Restructuring |
|
|
|
|
|
|
|
234 |
|
Operating profit (loss) |
|
|
|
|
|
|
|
(7,633 |
) |
Other income, net |
|
|
|
|
|
|
|
398 |
|
Income tax benefit (expense) |
|
|
|
|
|
|
|
(27 |
) |
Net income (loss) from continuing operations |
|
|
|
|
|
|
|
$ |
(7,262 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended December 31, 2018 |
(in thousands) |
|
IBW |
|
ISM |
|
CNS |
|
Total |
Revenue |
|
$ |
9,997 |
|
|
$ |
13,506 |
|
|
$ |
10,362 |
|
|
$ |
33,865 |
|
Cost of revenue |
|
5,574 |
|
|
6,237 |
|
|
7,336 |
|
|
19,147 |
|
Gross profit |
|
4,423 |
|
|
7,269 |
|
|
3,026 |
|
|
14,718 |
|
Gross margin |
|
44.2 |
% |
|
53.8 |
% |
|
29.2 |
% |
|
43.5 |
% |
Research and development |
|
2,071 |
|
|
1,697 |
|
|
1,243 |
|
|
5,011 |
|
Segment profit (loss) |
|
$ |
2,352 |
|
|
$ |
5,572 |
|
|
$ |
1,783 |
|
|
9,707 |
|
Operating expenses: |
|
|
|
|
|
|
|
|
Sales and marketing |
|
|
|
|
|
|
|
6,012 |
|
General and administrative |
|
|
|
|
|
|
|
4,672 |
|
Intangible amortization |
|
|
|
|
|
|
|
2,652 |
|
Operating profit (loss) |
|
|
|
|
|
|
|
(3,629 |
) |
Other income, net |
|
|
|
|
|
|
|
442 |
|
Income tax benefit (expense) |
|
|
|
|
|
|
|
(11 |
) |
Net income (loss) from continuing operations |
|
|
|
|
|
|
|
$ |
(3,198 |
) |
|