8x8 2005 Annual Report Download - page 46

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43
8X8, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
The accompanying notes are an integral part of these consolidated financial statements.
Years Ende d Mar ch 3 1 ,
2005 2004 2003
Product revenues........................................................................
.
$2,389$2,679$5,739
License and service revenues...................................................
.
9,086 6,629 5,264
Total revenues................................................................... 11,475 9,308 11,003
Operating expenses:
Cost of product revenues........................................................
.
4,546 1,768 2,781
Cost of license and service revenues (includes $0,
$1,164 and $0 of s tock-bas ed compensation expense)..... 5,195 2,594 1,509
Research and development.....................................................
.
3,109 2,747 7,835
Selling, general and administrative......................................... 18,534 6,060 7,441
Restructuring and other charges............................................
.
-- -- 3,437
Total operating expenses................................................. 31,384 13,169 23,003
Loss from operations.................................................................. (19,909) (3,861) (12,000)
Other income, net........................................................................
.
558 822 597
Loss before benefit for income taxes.......................................
.
(19,351) (3,039) (11,403)
Benefit for income taxes.............................................................
.
(203) -- --
N
et loss......................................................................................... $ (19,148) $ (3,039) $ (11,403)
Basic and diluted loss per share............................................... $ (0.43) $ (0.09) $ (0.40)
Basic and diluted shares outstanding.....................................
.
44,373 32,546 28,386