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 6 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Revenue $ 25,514 $ 23,646 $ 47,084 $ 51,471
Cost of revenue 15,283 15,581 28,424 33,722
Gross profit 10,231 8,065 18,660 17,749
Operating expenses:        
Sales and marketing 4,026 2,924 7,222 6,345
Research and development 4,625 4,300 9,711 8,775
General and administrative 2,580 3,280 5,549 6,334
Intangible amortization 1,432 1,710 2,831 3,295
Restructuring 0   17 55
Restructuring Reserve, Accrual Adjustment   (2)    
Goodwill impairment 0 11,450 0 11,450
Total operating expenses 12,663 23,662 25,330 36,254
Operating income (loss) (2,432) (15,597) (6,670) (18,505)
Other income (expense), net (61) (16) (23) 45
Income (loss) before income taxes and discontinued operations (2,493) (15,613) (6,693) (18,460)
Income tax benefit (expense) 20 69 82 98
Net income (loss) from continuing operations (2,473) (15,544) (6,611) (18,362)
Discontinued Operations:        
Income from discontinued operations, net of income tax of $172 for the six months ended September 30, 2015   0 272 0
Net income (loss) (1) [1] $ (2,473) $ (15,544) $ (6,339) $ (18,362)
Basic net income (loss) per share:        
Basic net income (loss) from continuing operations $ (0.04) $ (0.26) $ (0.11) $ (0.31)
Basic net income (loss) from discontinued operations 0.00 0.00 0.00 0.00
Basic net income (loss) (2) (0.04) (0.26) (0.10) [2] (0.31)
Diluted net income (loss) per share:        
Diluted net income (loss) from continuing operations (0.04) (0.26) (0.11) (0.31)
Diluted net income (loss) from discontinued operations 0.00 0.00 0.00 0.00
Diluted net income (loss) (2) $ (0.04) $ (0.26) $ (0.10) [2] $ (0.31)
Weighted-average number of common shares outstanding:        
Basic (shares) 60,783 59,924 60,743 59,819
Effect of dilutive securities: restricted stock, restricted stock units, performance stock units and stock options (3) [3] 0 0 0 0
Diluted (shares) 60,783 59,924 60,743 59,819
[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 3.7 million and 3.5 million shares represented by common stock equivalents for the three and six months ended September 30, 2015 and 3.2 million and 3.6 million shares represented by common stock equivalents for the three and six months ended September 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.