8x8 2005 Annual Report Download - page 70

67
8X8, INC.
CONSOLIDATED QUARTERLY FINANCIAL DATA
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
(UNAUDITED)
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
None.
ITEM 9A. CONTROLS & PROCEDURES
Changes in Internal Control Over Financial Reporting
There have not been any changes in the Company's internal control over financial reporting, as such term is defined
in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934, as amended (the "Exchange Act")
during the most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, the
Company's internal control over financial reporting.
Conclusion Regarding the Effectiveness of Disclosure Controls and Procedures
Evaluation of Disclosure Controls and Procedures
The Company's management, with the participation of the Company's Chief Executive Officer and Chief Financial
Officer, has evaluated the effectiveness of the Company's disclosure controls and procedures, as such term is defined
in Rules 13a-15(e) and 15d-15(e) under the Exchange Act as of the end of the period covered by this report. Based
on such evaluation, the Company's Chief Executive Officer and Chief Financial Officer have concluded that, as of
the end of such period, the Company's disclosure controls and procedures are effective in recording, processing,
summarizing and reporting, on a timely basis, information required to be disclosed by the Company in the reports
that it files or submits under the Exchange Act.
Q UARTER ENDED
March 31, Dec. 31, Sept. 30, June 30, March 31, Dec. 31, Sept. 30, June 30,
2005 2004 2004 2004 2004 2003 2003 2003
Product revenues................................... $ 471 $ 632 $ 690 $ 596 $ 731 $ 337 $ 750 $ 861
License and service revenues................. 3,440 2,332 1,843 1,471 1,239 2,952 1,676 762
Total revenues...................................... 3,911 2,964 2,533 2,067 1,970 3,289 2,426 1,623
Operating expenses:
Cost of product revenues .................... 1,685 1,073 876 912 448 413 544 363
Cost of license and service revenues.... 1,703 1,442 1,171 879 651 1,444 108 391
Research and development.................. 1,064 784 684 577 525 522 656 1,044
Selling, general, and
administrative................................... 6,750 5,650 3,622 2,512 1,893 1,672 1,229 1,266
Total operating expenses.............. 11,202 8,949 6,353 4,880 3,517 4,051 2,537 3,064
Loss from operations............................ (7,291) (5,985) (3,820) (2,813) (1,547) (762) (111) (1,441)
Other income (expense), net................. 118 145 71 224 15 8 858 (59)
Benefit for income taxes....................... 183 -- -- 20 -- -- -- --
N
et income (loss).................................. $ (6,990) $ (5,840) $ (3,749) $ (2,569) $ (1,532) $ (754) $ 747 $ (1,500)
Net income (loss) per share:
Basic................................................... $ (0.14) $ (0.13) $ (0.09) $ (0.07) $ (0.04) $ (0.02) $ 0.02 $ (0.05)
Diluted................................................ $ (0.14) $ (0.13) $ (0.09) $ (0.07) $ (0.04) $ (0.02) $ 0.02 $ (0.05)
Shares used in per share calculations:
Basic................................................... 48,988 46,718 43,134 38,690 38,105 33,549 30,069 28,474
Diluted................................................ 48,988 46,718 43,134 38,690 38,105 33,549 31,213 28,474