Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.3.1.900
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]        
Revenue $ 20,215 $ 14,043 $ 67,299 $ 65,514
Cost of revenue 12,252 9,648 40,676 43,370
Gross profit 7,963 4,395 26,623 22,144
Operating expenses:        
Sales and marketing 3,900 2,719 11,209 9,064
Research and development 4,893 4,353 14,604 13,128
General and administrative 2,627 2,797 8,089 9,131
Intangible amortization 1,418 1,562 4,249 4,857
Restructuring 0 0 17 55
Goodwill impairment   20,547   31,997
Total operating expenses 12,838 31,978 38,168 68,232
Operating income (loss) (4,875) (27,583) (11,545) (46,088)
Other income (expense), net 85 (29) 62 16
Income (loss) before income taxes and discontinued operations (4,790) (27,612) (11,483) (46,072)
Income tax benefit (expense) (7) 72 75 170
Net income (loss) from continuing operations (4,797) (27,540) (11,408) (45,902)
Discontinued Operations:        
Income from discontinued operations, net of income tax of $172 for the nine months ended December 31, 2015     272  
Net income (loss) (1) [1] $ (4,797) $ (27,540) $ (11,136) $ (45,902)
Basic net income (loss) per share:        
Basic net income (loss) from continuing operations $ (0.08) $ (0.46) $ (0.19) $ (0.77)
Basic net income (loss) from discontinued operations 0.00 0.00 0.00 0.00
Basic net income (loss) (2) (0.08) (0.46) (0.18) [2] (0.77)
Diluted net income (loss) per share:        
Diluted net income (loss) from continuing operations (0.08) (0.46) (0.19) (0.77)
Diluted net income (loss) from discontinued operations 0.00 0.00 0.00 0.00
Diluted net income (loss) (2) $ (0.08) $ (0.46) $ (0.18) [2] $ (0.77)
Weighted-average number of common shares outstanding:        
Basic (shares) 60,810 60,016 60,765 59,885
Effect of dilutive securities: restricted stock, restricted stock units, performance stock units and stock options (3) [3] 0 0 0 0
Diluted (shares) 60,810 60,016 60,765 59,885
[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 3.6 million and 3.5 million shares represented by common stock equivalents for the three and nine months ended December 31, 2015 and 3.1 million and 3.5 million shares represented by common stock equivalents for the three and nine months ended December 31, 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.