8x8 2006 Annual Report Download - page 72

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69
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 were effective.
Q UARTER ENDED
March 31, Dec. 31, Sept. 30, June 30, March 31, Dec. 31, Sept. 30, June 30,
2006 2005 2005 2005 2005 2004 2004 2004
Service revenues.................................... $ 8,629 $ 6,769 $ 5,719 $ 4,996 $ 3,440 $ 2,332 $ 1,843 $ 1,471
Product revenues................................... 1,712 1,714 1,344 1,009 471 632 690 596
Total revenues...................................... 10,341 8,483 7,063 6,005 3,911 2,964 2,533 2,067
Operating expenses:
Cost of service revenues...................... 4,177 3,326 2,795 2,069 1,703 1,442 1,171 879
Cost of product revenues .................... 2,733 3,357 2,537 2,105 1,685 1,073 876 912
Research and development.................. 1,676 1,470 1,446 1,324 1,064 784 684 577
Selling, general, and
administrative................................... 8,712 7,244 6,042 5,865 6,750 5,650 3,622 2,512
Total operating expenses.............. 17,298 15,397 12,820 11,363 11,202 8,949 6,353 4,880
Loss from operations............................ (6,957) (6,914) (5,757) (5,358) (7,291) (5,985) (3,820) (2,813)
Other income, net................................. 311 125 189 222 118 145 71 224
Benefit for income taxes....................... -- -- -- -- 183 -- -- 20
N
et loss................................................. $ (6,646) $ (6,789) $ (5,568) $ (5,136) $ (6,990) $ (5,840) $ (3,749) $ (2,569)
Net loss per share:
Basic................................................... $ (0.11) $ (0.12) $ (0.10) $ (0.10) $ (0.14) $ (0.13) $ (0.09) $ (0.07)
Diluted................................................ $ (0.11) $ (0.12) $ (0.10) $ (0.10) $ (0.14) $ (0.13) $ (0.09) $ (0.07)
Shares used in per share calculations:
Basic................................................... 61,105 54,836 53,871 53,823 48,988 46,718 43,134 38,690
Diluted................................................ 61,105 54,836 53,871 53,823 48,988 46,718 43,134 38,690