| Segment information |
Segment information for the three and nine months ended December 31, 2014, and 2013 is set forth below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended December 31, 2014 |
(in thousands) |
|
CSG |
|
IBW |
|
Total |
Revenue |
|
$ |
8,629 |
|
|
$ |
5,414 |
|
|
$ |
14,043 |
|
Cost of revenue |
|
6,144 |
|
|
3,504 |
|
|
9,648 |
|
Gross profit |
|
2,485 |
|
|
1,910 |
|
|
4,395 |
|
Gross margin |
|
28.8 |
% |
|
35.3 |
% |
|
31.3 |
% |
Research and development |
|
2,011 |
|
|
2,342 |
|
|
4,353 |
|
Segment profit (loss) |
|
$ |
474 |
|
|
$ |
(432 |
) |
|
42 |
|
Operating expenses: |
|
|
|
|
|
|
Sales and marketing |
|
|
|
|
|
2,719 |
|
General and administrative |
|
|
|
|
|
2,797 |
|
Intangible amortization |
|
|
|
|
|
1,562 |
|
Goodwill impairment |
|
|
|
|
|
20,547 |
|
Operating income (loss) |
|
|
|
|
|
(27,583 |
) |
Other income (expense), net |
|
|
|
|
|
(29 |
) |
Income tax benefit (expense) |
|
|
|
|
|
72 |
|
Net income (loss) from continuing operations |
|
|
|
|
|
$ |
(27,540 |
) |
|
|
|
|
|
|
|
|
|
Three months ended December 31, 2013 |
(in thousands) |
|
CSG |
|
IBW |
|
Total |
Revenue |
|
$ |
23,425 |
|
|
$ |
1,811 |
|
|
$ |
25,236 |
|
Cost of revenue |
|
12,037 |
|
|
1,267 |
|
|
13,304 |
|
Gross profit |
|
11,388 |
|
|
544 |
|
|
11,932 |
|
Gross margin |
|
48.6 |
% |
|
30.0 |
% |
|
47.3 |
% |
Research and development |
|
2,347 |
|
|
180 |
|
|
2,527 |
|
Segment profit |
|
$ |
9,041 |
|
|
$ |
364 |
|
|
9,405 |
|
Operating expenses: |
|
|
|
|
|
|
|
Sales and marketing |
|
|
|
|
|
|
3,205 |
|
General and administrative |
|
|
|
|
|
|
3,402 |
|
Intangible amortization |
|
|
|
|
|
737 |
|
Restructuring |
|
|
|
|
|
|
38 |
|
Operating income (loss) |
|
|
|
|
|
2,023 |
|
Other income (expense), net |
|
|
|
|
|
|
(31 |
) |
Income tax benefit (expense) |
|
|
|
|
|
|
(38 |
) |
Net income (loss) from continuing operations |
|
|
|
|
|
$ |
1,954 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended December 31, 2014 |
(in thousands) |
|
CSG |
|
IBW |
|
Total |
Revenue |
|
$ |
34,882 |
|
|
$ |
30,632 |
|
|
$ |
65,514 |
|
Cost of revenue |
|
24,827 |
|
|
18,543 |
|
|
43,370 |
|
Gross profit |
|
10,055 |
|
|
12,089 |
|
|
22,144 |
|
Gross margin |
|
28.8 |
% |
|
39.5 |
% |
|
33.8 |
% |
Research and development |
|
6,488 |
|
|
6,640 |
|
|
13,128 |
|
Segment profit |
|
$ |
3,567 |
|
|
$ |
5,449 |
|
|
9,016 |
|
Operating expenses: |
|
|
|
|
|
|
|
Sales and marketing |
|
|
|
|
|
9,064 |
|
General and administrative |
|
|
|
|
|
9,131 |
|
Intangible amortization |
|
|
|
|
|
4,857 |
|
Restructuring |
|
|
|
|
|
55 |
|
Goodwill impairment |
|
|
|
|
|
31,102 |
|
Operating income (loss) |
|
|
|
|
|
(45,193 |
) |
Other income (expense), net |
|
|
|
|
|
16 |
|
Income tax benefit (expense) |
|
|
|
|
|
170 |
|
Net income (loss) from continuing operations |
|
|
|
|
|
$ |
(45,007 |
) |
|
|
|
|
|
|
|
|
|
Nine months ended December 31, 2013 |
(in thousands) |
|
CSG |
|
IBW |
|
Total |
Revenue |
|
$ |
72,774 |
|
|
$ |
4,878 |
|
|
$ |
77,652 |
|
Cost of revenue |
|
41,977 |
|
|
3,304 |
|
|
45,281 |
|
Gross profit |
|
30,797 |
|
|
1,574 |
|
|
32,371 |
|
Gross margin |
|
42.3 |
% |
|
32.3 |
% |
|
41.7 |
% |
Research and development |
|
7,292 |
|
|
553 |
|
|
7,845 |
|
Segment profit |
|
$ |
23,505 |
|
|
$ |
1,021 |
|
|
24,526 |
|
Operating expenses: |
|
|
|
|
|
|
|
Sales and marketing |
|
|
|
|
|
9,749 |
|
General and administrative |
|
|
|
|
|
10,200 |
|
Intangible amortization |
|
|
|
|
|
3,588 |
|
Restructuring |
|
|
|
|
|
273 |
|
Operating income (loss) |
|
|
|
|
|
|
716 |
|
Other income (expense), net |
|
|
|
|
|
(63 |
) |
Income tax benefit (expense) |
|
|
|
|
|
(125 |
) |
Net income (loss) from continuing operations |
|
|
|
|
|
|
$ |
528 |
|
|
|
|
|
|
|
|
|