| Segment information |
Segment information for the three months ended June 30, 2020, and 2019, is set forth below:
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Three months ended June 30, 2020 |
(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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$ |
2,949 |
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$ |
2,047 |
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$ |
2,354 |
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$ |
7,350 |
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Cost of revenue |
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1,749 |
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|
892 |
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|
1,867 |
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|
4,508 |
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Gross profit |
|
1,200 |
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|
1,155 |
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|
487 |
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|
2,842 |
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Gross margin |
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40.7 |
% |
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56.4 |
% |
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20.7 |
% |
|
38.7 |
% |
Research and development |
|
349 |
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|
382 |
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|
214 |
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|
945 |
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Segment profit |
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$ |
851 |
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$ |
773 |
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$ |
273 |
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1,897 |
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Operating expenses: |
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Sales and marketing |
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1,376 |
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General and administrative |
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1,210 |
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Intangible amortization |
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226 |
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Operating profit (loss) |
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(915 |
) |
Other income, net |
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30 |
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Income tax benefit (expense) |
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60 |
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Net income (loss) |
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$ |
(825 |
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Three months ended June 30, 2019 |
(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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$ |
2,923 |
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$ |
3,095 |
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$ |
2,984 |
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$ |
9,002 |
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Cost of revenue |
|
1,951 |
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|
1,516 |
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|
2,289 |
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|
5,756 |
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Gross profit |
|
972 |
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|
1,579 |
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|
695 |
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|
3,246 |
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Gross margin |
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33.3 |
% |
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51.0 |
% |
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23.3 |
% |
|
36.1 |
% |
Research and development |
|
399 |
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|
701 |
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|
456 |
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|
1,556 |
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Segment profit |
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$ |
573 |
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$ |
878 |
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$ |
239 |
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|
1,690 |
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Operating expenses: |
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Sales and marketing |
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2,332 |
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General and administrative |
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1,364 |
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Intangible amortization |
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308 |
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Operating profit (loss) |
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(2,314 |
) |
Other income, net |
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164 |
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Income tax benefit (expense) |
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(7 |
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Net income (loss) |
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$ |
(2,157 |
) |
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