Quarterly report pursuant to Section 13 or 15(d)

Interim Segment Information (Tables)

v2.4.1.9
Interim Segment Information (Tables)
9 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
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