| Segment information |
Segment information for the three and nine months ended December 31, 2015, and 2014 is set forth below:
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Three months ended December 31, 2015 |
(in thousands) |
|
IBW |
|
CSG |
|
Total |
Revenue |
|
$ |
8,680 |
|
|
$ |
11,535 |
|
|
$ |
20,215 |
|
Cost of revenue |
|
5,361 |
|
|
6,891 |
|
|
12,252 |
|
Gross profit |
|
3,319 |
|
|
4,644 |
|
|
7,963 |
|
Gross margin |
|
38.2 |
% |
|
40.3 |
% |
|
39.4 |
% |
Research and development |
|
2,701 |
|
|
2,192 |
|
|
4,893 |
|
Segment profit (loss) |
|
$ |
618 |
|
|
$ |
2,452 |
|
|
3,070 |
|
Operating expenses: |
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|
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|
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Sales and marketing |
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|
|
|
|
3,900 |
|
General and administrative |
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|
|
|
|
2,627 |
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Intangible amortization |
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|
|
|
|
1,418 |
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Restructuring |
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|
|
|
|
— |
|
Operating income (loss) |
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|
|
|
|
(4,875 |
) |
Other income (expense), net |
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|
|
85 |
|
Income tax benefit (expense) |
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|
|
|
|
(7 |
) |
Net income (loss) from continuing operations |
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|
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$ |
(4,797 |
) |
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Three months ended December 31, 2014 |
(in thousands) |
|
IBW |
|
CSG |
|
Total |
Revenue |
|
$ |
5,414 |
|
|
$ |
8,629 |
|
|
$ |
14,043 |
|
Cost of revenue |
|
3,504 |
|
|
6,144 |
|
|
9,648 |
|
Gross profit |
|
1,910 |
|
|
2,485 |
|
|
4,395 |
|
Gross margin |
|
35.3 |
% |
|
28.8 |
% |
|
31.3 |
% |
Research and development |
|
2,342 |
|
|
2,011 |
|
|
4,353 |
|
Segment profit (loss) |
|
$ |
(432 |
) |
|
$ |
474 |
|
|
42 |
|
Operating expenses: |
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|
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Sales and marketing |
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|
|
|
2,719 |
|
General and administrative |
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|
|
|
|
2,797 |
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Intangible amortization |
|
|
|
|
|
1,562 |
|
Restructuring |
|
|
|
|
|
— |
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Goodwill impairment |
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|
|
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|
20,547 |
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Operating income (loss) |
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|
|
|
|
(27,583 |
) |
Other income (expense), net |
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|
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|
(29 |
) |
Income tax benefit (expense) |
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|
72 |
|
Net income (loss) from continuing operations |
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$ |
(27,540 |
) |
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Nine months ended December 31, 2015 |
(in thousands) |
|
IBW |
|
CSG |
|
Total |
Revenue |
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$ |
28,569 |
|
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$ |
38,730 |
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|
$ |
67,299 |
|
Cost of revenue |
|
16,702 |
|
|
23,974 |
|
|
40,676 |
|
Gross profit |
|
11,867 |
|
|
14,756 |
|
|
26,623 |
|
Gross margin |
|
41.5 |
% |
|
38.1 |
% |
|
39.6 |
% |
Research and development |
|
8,638 |
|
|
5,966 |
|
|
14,604 |
|
Segment profit (loss) |
|
$ |
3,229 |
|
|
$ |
8,790 |
|
|
12,019 |
|
Operating expenses: |
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|
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Sales and marketing |
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|
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|
11,209 |
|
General and administrative |
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|
|
|
|
8,089 |
|
Intangible amortization |
|
|
|
|
|
4,249 |
|
Restructuring |
|
|
|
|
|
17 |
|
Operating income (loss) |
|
|
|
|
|
(11,545 |
) |
Other income (expense), net |
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|
62 |
|
Income tax benefit (expense) |
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|
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|
|
75 |
|
Net income (loss) from continuing operations |
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$ |
(11,408 |
) |
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Nine months ended December 31, 2014 |
(in thousands) |
|
IBW |
|
CSG |
|
Total |
Revenue |
|
$ |
30,632 |
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|
$ |
34,882 |
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|
$ |
65,514 |
|
Cost of revenue |
|
18,543 |
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|
24,827 |
|
|
43,370 |
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Gross profit |
|
12,089 |
|
|
10,055 |
|
|
22,144 |
|
Gross margin |
|
39.5 |
% |
|
28.8 |
% |
|
33.8 |
% |
Research and development |
|
6,640 |
|
|
6,488 |
|
|
13,128 |
|
Segment profit (loss) |
|
$ |
5,449 |
|
|
$ |
3,567 |
|
|
9,016 |
|
Operating expenses: |
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|
|
|
|
|
Sales and marketing |
|
|
|
|
|
9,064 |
|
General and administrative |
|
|
|
|
|
9,131 |
|
Intangible amortization |
|
|
|
|
|
4,857 |
|
Restructuring |
|
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|
|
55 |
|
Goodwill impairment |
|
|
|
|
|
31,997 |
|
Operating income (loss) |
|
|
|
|
|
|
(46,088 |
) |
Other income (expense), net |
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|
|
|
16 |
|
Income tax benefit (expense) |
|
|
|
|
|
170 |
|
Net income (loss) from continuing operations |
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|
$ |
(45,902 |
) |
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