| Segment information |
Segment information for the three months ended June 30, 2014, and 2013 is set forth below:
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Three months ended June 30, 2014 |
(in thousands) |
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|
CSG |
|
IBW |
|
Total |
Revenue |
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|
$ |
13,728 |
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|
$ |
14,097 |
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|
$ |
27,825 |
|
Cost of revenue |
|
|
9,855 |
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|
8,286 |
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|
18,141 |
|
Gross profit |
|
|
3,873 |
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|
5,811 |
|
|
9,684 |
|
Gross margin |
|
|
28.2 |
% |
|
41.2 |
% |
|
34.8 |
% |
Research and development |
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|
2,280 |
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|
2,195 |
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|
4,475 |
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Segment profit |
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|
$ |
1,593 |
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|
$ |
3,616 |
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|
5,209 |
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Operating expenses: |
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Sales and marketing |
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3,421 |
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General and administrative |
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3,054 |
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Intangible amortization |
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|
1,585 |
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Restructuring |
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|
57 |
|
Operating loss |
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(2,908 |
) |
Other income (expense) |
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61 |
|
Income tax benefit (expense) |
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29 |
|
Net loss from continuing operations |
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$ |
(2,818 |
) |
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Three months ended June 30, 2013 |
(in thousands) |
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|
CSG |
|
IBW |
|
Total |
Revenue |
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|
$ |
21,429 |
|
|
$ |
1,027 |
|
|
$ |
22,456 |
|
Cost of revenue |
|
|
13,307 |
|
|
732 |
|
|
14,039 |
|
Gross profit |
|
|
8,122 |
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|
295 |
|
|
8,417 |
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Gross margin |
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|
37.9 |
% |
|
28.7 |
% |
|
37.5 |
% |
Research and development |
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|
2,507 |
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|
192 |
|
|
2,699 |
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Segment profit |
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|
$ |
5,615 |
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|
$ |
103 |
|
|
5,718 |
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Operating expenses: |
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Sales and marketing |
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|
3,059 |
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General and administrative |
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3,572 |
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Intangible amortization |
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|
1,622 |
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Restructuring |
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|
66 |
|
Operating loss |
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(2,601 |
) |
Other income (expense) |
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(130 |
) |
Income tax benefit (expense) |
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(19 |
) |
Net loss from continuing operations |
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$ |
(2,750 |
) |
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