| Schedule of Quarterly Financial Information [Table Text Block] |
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Fiscal Year 2015 Quarter Ended |
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June 30, 2014 |
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Sept. 30, 2014
(as restated (1))
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Dec. 31, 2014 |
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Mar. 31, 2015 |
(in thousands, except per share amounts) |
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Revenue |
$ |
27,825 |
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$ |
23,646 |
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$ |
14,043 |
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$ |
18,613 |
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Gross profit |
9,684 |
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8,065 |
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4,395 |
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4,666 |
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Goodwill impairment |
— |
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11,450 |
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20,547 |
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— |
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Restructuring |
57 |
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(2 |
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— |
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3,188 |
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Total operating expenses |
12,592 |
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23,662 |
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31,978 |
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17,818 |
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Loss before income taxes and discontinued operations |
(2,847 |
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(15,613 |
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(27,612 |
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(13,170 |
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Income tax (expense) benefit |
29 |
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69 |
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72 |
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31 |
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Net income (loss) from continuing operations |
(2,818 |
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(15,544 |
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(27,540 |
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(13,139 |
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Income (loss) from discontinued operations, net of tax |
— |
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— |
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— |
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139 |
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Net income (loss) |
(2,818 |
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(15,544 |
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(27,540 |
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(13,000 |
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Net income (loss) per common share: |
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Basic |
$ |
(0.05 |
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$ |
(0.26 |
) |
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$ |
(0.46 |
) |
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$ |
(0.22 |
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Diluted |
$ |
(0.05 |
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$ |
(0.26 |
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$ |
(0.46 |
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$ |
(0.22 |
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(1) See Note 1 for restatement information.
Revenue and gross profit were negatively impacted in the December quarter from significant reductions in capital spending by the Company's largest customers, North American wireless providers. Operating expenses in fiscal year 2015 included the following items: the September and December quarter included $11.5 million and $20.5 million of expense for goodwill impairment charge, respectively; the March quarter included a $3.2 million in restructuring and $2.1 million of expense related to the departure of the former CEO.
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Fiscal Year 2014 Quarter Ended |
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June 30, 2013 |
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Sept. 30, 2013 |
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Dec. 31, 2013 |
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Mar. 31, 2014
(as restated (1))
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(in thousands, except per share amounts) |
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Revenue |
$ |
22,456 |
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$ |
29,960 |
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$ |
25,236 |
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$ |
24,421 |
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Gross profit |
8,417 |
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12,022 |
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11,932 |
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8,090 |
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Restructuring |
66 |
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169 |
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38 |
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62 |
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Total operating expenses |
11,018 |
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10,728 |
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9,909 |
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12,239 |
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Loss before income taxes and discontinued operations |
(2,731 |
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1,392 |
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1,992 |
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(4,142 |
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Income tax (expense) benefit |
(19 |
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(68 |
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(38 |
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8,035 |
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Net income (loss) from continuing operations |
(2,750 |
) |
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1,324 |
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1,954 |
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3,893 |
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Income (loss) from discontinued operations, net of tax |
(14 |
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4 |
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(29 |
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(6 |
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Net income (loss) |
(2,764 |
) |
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1,328 |
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1,925 |
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3,887 |
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Net income (loss) per common share: |
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Basic |
$ |
(0.05 |
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$ |
0.02 |
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$ |
0.03 |
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$ |
0.07 |
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Diluted |
$ |
(0.05 |
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$ |
0.02 |
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$ |
0.03 |
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$ |
0.07 |
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