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70
8X8, INC.
CONSOLIDATED QUARTERLY FINANCIAL DATA
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
(UNAUDITED)
March 31, Dec. 31, Sept. 30, June 30, March 31, Dec. 31, Sept. 30, June 30,
2013 2012 2012 2012 2012 2011 2011 2011
Service revenue $ 25,905 $ 24,958 $ 24,177 $ 23,172 $ 22,148 $ 21,200 $ 18,013 $ 17,021
Product revenue 2,746 2,382 2,194 2,080 2,051 2,078 1,806 1,486
Total revenue 28,651 27,340 26,371 25,252 24,199 23,278 19,819 18,507
Operating expenses:
Cost of service revenue 5,217 5,473 5,825 5,686 5,301 4,890 4,059 3,815
Cost of product revenue 3,216 3,203 2,672 2,710 2,355 2,584 2,613 2,270
Research and development 2,174 2,117 2,030 1,826 1,843 1,955 1,540 1,407
Sales and marketing 13,042 11,651 11,010 10,541 10,904 9,816 9,076 8,184
General, and administrative 2,349 2,136 2,070 2,064 1,640 1,481 1,666 1,225
Gain on patent sale (1,000) - - (11,965) - - - -
Total operating expenses 24,998 24,580 23,607 10,862 22,043 20,726 18,954 16,901
Income from operations 3,653 2,760 2,764 14,390 2,156 2,552 865 1,606
Other income (loss), net 15 73 9 8 (363) 49 (11) 20
Income before provision
(benefit) for income taxes 3,668 2,833 2,773 14,398 1,793 2,601 854 1,626
Provision (benefit) for
income taxes (1) 2,007 913 1,032 5,781 (62,070) 15 22 (321)
Net income $ 1,661 $ 1,920 $ 1,741 $ 8,617 $ 63,863 $ 2,586 $ 832 $ 1,947
Net income per share:
Basic $ 0.02 $ 0.03 $ 0.02 $ 0.12 $ 0.91 $ 0.04 $ 0.01 $ 0.03
Diluted $ 0.02 $ 0.03 $ 0.02 $ 0.12 $ 0.87 $ 0.04 $ 0.01 $ 0.03
Shares used in per share calculations:
Basic 71,998 71,611 71,261 70,717 70,205 69,445 63,710 62,264
Diluted 75,053 74,988 74,558 74,110 73,648 73,214 67,759 65,808
QUARTER ENDED
(1) Comparability affected by the increase in the valuation allowance related to the deferred tax asset which resulted in an increase in the provision for
income taxes of $1.0 million in the fourth quarter of fiscal 2013 and the income tax benefit of $62.1 million recorded in the fourth quarter of 2012
related to the release of deferred tax asset valuation allowance.