Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.3.0.814
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]    
Revenue $ 21,570 $ 27,825
Cost of revenue 13,141 18,141
Gross profit 8,429 9,684
Operating expenses:    
Sales and marketing 3,196 3,421
Research and development 5,086 4,475
General and administrative 2,969 3,054
Intangible amortization 1,399 1,585
Restructuring 17 57
Total operating expenses 12,667 12,592
Operating income (loss) (4,238) (2,908)
Other income (expense), net 38 61
Income (loss) before income taxes and discontinued operations (4,200) (2,847)
Income tax benefit (expense) 62 29
Net income (loss) from continuing operations (4,138) (2,818)
Discontinued Operations:    
Income from discontinued operations, net of income tax of $172 for the three months ended June 30, 2015 272 0
Net income (loss) (1) [1] $ (3,866) $ (2,818)
Basic net income (loss) per share:    
Basic net income (loss) from continuing operations $ (0.07) $ (0.05)
Basic net income (loss) from discontinued operations 0.00 0.00
Basic net income (loss)(2) [2] (0.06) (0.05)
Diluted net income (loss) per share:    
Diluted net income (loss) from continuing operations (0.07) (0.05)
Diluted net income (loss) from discontinued operations 0.00 0.00
Diluted net income (loss)(2) [2] $ (0.06) $ (0.05)
Weighted-average number of common shares outstanding:    
Basic (shares) 60,703 59,715
Effect of dilutive securities: restricted stock, restricted stock units, performance stock units and stock options(3) [3] 0 0
Diluted (shares) 60,703 59,715
[1] Net income (loss) and comprehensive income (loss) are the same for the periods reported.
[2] Totals may not sum due to rounding.
[3] The Company had 3.3 million and 4.0 million shares represented by common stock equivalents for the three months ended June 30, 2015 and June 30, 2014, respectively, which were not included in the computation of average dilutive shares outstanding because they were anti-dilutive. In periods with a net loss from continuing operations, the basic loss per share equals the diluted loss per share as all common stock equivalents are excluded from the per share calculation.