| Segment information |
Segment information for the three and six months ended September 30, 2015, and 2014 is set forth below:
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Three months ended September 30, 2015 |
(in thousands) |
|
IBW |
|
CSG |
|
Total |
Revenue |
|
$ |
10,819 |
|
|
$ |
14,695 |
|
|
$ |
25,514 |
|
Cost of revenue |
|
6,272 |
|
|
9,011 |
|
|
15,283 |
|
Gross profit |
|
4,547 |
|
|
5,684 |
|
|
10,231 |
|
Gross margin |
|
42.0 |
% |
|
38.7 |
% |
|
40.1 |
% |
Research and development |
|
2,775 |
|
|
1,850 |
|
|
4,625 |
|
Segment profit (loss) |
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$ |
1,772 |
|
|
$ |
3,834 |
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|
5,606 |
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Operating expenses: |
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Sales and marketing |
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|
4,026 |
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General and administrative |
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|
2,580 |
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Intangible amortization |
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|
1,432 |
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Restructuring |
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|
|
— |
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Operating income (loss) |
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|
|
|
(2,432 |
) |
Other income (expense), net |
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|
(61 |
) |
Income tax benefit (expense) |
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|
20 |
|
Net income (loss) from continuing operations |
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$ |
(2,473 |
) |
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Three months ended September 30, 2014 |
(in thousands) |
|
IBW |
|
CSG |
|
Total |
Revenue |
|
$ |
11,121 |
|
|
$ |
12,525 |
|
|
$ |
23,646 |
|
Cost of revenue |
|
6,753 |
|
|
8,828 |
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|
15,581 |
|
Gross profit |
|
4,368 |
|
|
3,697 |
|
|
8,065 |
|
Gross margin |
|
39.3 |
% |
|
29.5 |
% |
|
34.1 |
% |
Research and development |
|
2,103 |
|
|
2,197 |
|
|
4,300 |
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Segment profit (loss) |
|
$ |
2,265 |
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|
$ |
1,500 |
|
|
3,765 |
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Operating expenses: |
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Sales and marketing |
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|
2,924 |
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General and administrative |
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|
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|
|
3,280 |
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Intangible amortization |
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|
1,710 |
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Restructuring |
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(2 |
) |
Goodwill impairment |
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|
11,450 |
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Operating income (loss) |
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|
(15,597 |
) |
Other income (expense), net |
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|
(16 |
) |
Income tax benefit (expense) |
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|
69 |
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Net income (loss) from continuing operations |
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$ |
(15,544 |
) |
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Six months ended September 30, 2015 |
(in thousands) |
|
IBW |
|
CSG |
|
Total |
Revenue |
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$ |
19,889 |
|
|
$ |
27,195 |
|
|
$ |
47,084 |
|
Cost of revenue |
|
11,341 |
|
|
17,083 |
|
|
28,424 |
|
Gross profit |
|
8,548 |
|
|
10,112 |
|
|
18,660 |
|
Gross margin |
|
43.0 |
% |
|
37.2 |
% |
|
39.6 |
% |
Research and development |
|
5,937 |
|
|
3,774 |
|
|
9,711 |
|
Segment profit (loss) |
|
$ |
2,611 |
|
|
$ |
6,338 |
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|
8,949 |
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Operating expenses: |
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Sales and marketing |
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|
7,222 |
|
General and administrative |
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|
5,549 |
|
Intangible amortization |
|
|
|
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|
2,831 |
|
Restructuring |
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|
17 |
|
Operating income (loss) |
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|
|
|
(6,670 |
) |
Other income (expense), net |
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|
(23 |
) |
Income tax benefit (expense) |
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|
82 |
|
Net income (loss) from continuing operations |
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$ |
(6,611 |
) |
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Six months ended September 30, 2014 |
(in thousands) |
|
IBW |
|
CSG |
|
Total |
Revenue |
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$ |
25,218 |
|
|
$ |
26,253 |
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$ |
51,471 |
|
Cost of revenue |
|
15,039 |
|
|
18,683 |
|
|
33,722 |
|
Gross profit |
|
10,179 |
|
|
7,570 |
|
|
17,749 |
|
Gross margin |
|
40.4 |
% |
|
28.8 |
% |
|
34.5 |
% |
Research and development |
|
4,298 |
|
|
4,477 |
|
|
8,775 |
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Segment profit (loss) |
|
$ |
5,881 |
|
|
$ |
3,093 |
|
|
8,974 |
|
Operating expenses: |
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Sales and marketing |
|
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|
6,345 |
|
General and administrative |
|
|
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|
6,334 |
|
Intangible amortization |
|
|
|
|
|
3,295 |
|
Restructuring |
|
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|
|
55 |
|
Goodwill impairment |
|
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|
11,450 |
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Operating income (loss) |
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|
(18,505 |
) |
Other income (expense), net |
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|
45 |
|
Income tax benefit (expense) |
|
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|
|
98 |
|
Net income (loss) from continuing operations |
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$ |
(18,362 |
) |
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