| Segment information |
Segment information for the three months ended June 30, 2015, and 2014 is set forth below:
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Three months ended June 30, 2015 |
(in thousands) |
|
IBW |
|
CSG |
|
Total |
Revenue |
|
$ |
9,070 |
|
|
$ |
12,500 |
|
|
$ |
21,570 |
|
Cost of revenue |
|
5,069 |
|
|
8,072 |
|
|
13,141 |
|
Gross profit |
|
4,001 |
|
|
4,428 |
|
|
8,429 |
|
Gross margin |
|
44.1 |
% |
|
35.4 |
% |
|
39.1 |
% |
Research and development |
|
3,162 |
|
|
1,924 |
|
|
5,086 |
|
Segment profit (loss) |
|
$ |
839 |
|
|
$ |
2,504 |
|
|
3,343 |
|
Operating expenses: |
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|
|
|
|
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Sales and marketing |
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|
|
|
|
3,196 |
|
General and administrative |
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|
|
|
|
2,969 |
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Intangible amortization |
|
|
|
|
|
1,399 |
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Restructuring |
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|
|
|
|
17 |
|
Operating income (loss) |
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|
|
|
|
(4,238 |
) |
Other income (expense), net |
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|
|
|
|
38 |
|
Income tax benefit (expense) |
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|
|
|
|
62 |
|
Net income (loss) from continuing operations |
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|
|
|
|
$ |
(4,138 |
) |
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Three months ended June 30, 2014 |
(in thousands) |
|
IBW |
|
CSG |
|
Total |
Revenue |
|
$ |
14,097 |
|
|
$ |
13,728 |
|
|
$ |
27,825 |
|
Cost of revenue |
|
8,286 |
|
|
9,855 |
|
|
18,141 |
|
Gross profit |
|
5,811 |
|
|
3,873 |
|
|
9,684 |
|
Gross margin |
|
41.2 |
% |
|
28.2 |
% |
|
34.8 |
% |
Research and development |
|
2,195 |
|
|
2,280 |
|
|
4,475 |
|
Segment profit (loss) |
|
$ |
3,616 |
|
|
$ |
1,593 |
|
|
5,209 |
|
Operating expenses: |
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|
|
|
|
|
|
Sales and marketing |
|
|
|
|
|
3,421 |
|
General and administrative |
|
|
|
|
|
3,054 |
|
Intangible amortization |
|
|
|
|
|
1,585 |
|
Restructuring |
|
|
|
|
|
57 |
|
Operating income (loss) |
|
|
|
|
|
|
(2,908 |
) |
Other income (expense), net |
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|
|
|
|
61 |
|
Income tax benefit (expense) |
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|
|
|
|
29 |
|
Net income (loss) from continuing operations |
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|
|
|
|
|
$ |
(2,818 |
) |
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