8x8 2008 Annual Report Download - page 47

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8X8, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
2008 2007 2006
Service revenues $ 56,177 $ 45,046 $ 26,113
Product revenues 5,469 8,084 5,779
Total revenues 61,646 53,130 31,892
Operating expenses:
Cost of service revenues 16,671 19,020 12,367
Cost of product revenues 6,762 8,074 10,732
Research and development 4,335 4,712 5,916
Selling, general and administrative 37,596 35,657 27,863
Total operating expenses 65,364 67,463 56,878
Loss from operations (3,718) (14,333) (24,986)
Other income, net 1,606 667 847
Income on change in fair value of warrant liability 2,142 3,736 886
Income (loss) before benefit for income taxes 30 (9,930) (23,253)
Benefit from income taxes - - -
Net income (loss) $ 30 $ (9,930) $ (23,253)
Net income (loss) per share:
Basic $ 0.00 $ (0.16) $ (0.42)
Diluted $ 0.00 $ (0.16) $ (0.42)
Weighted average number of shares:
Basic 61,897 61,365 55,889
Diluted 62,112 61,365 55,889
Years Ended March 31,
The accompanying notes are an integral part of these consolidated financial statements.
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