8x8 2010 Annual Report Download - page 70

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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,
2010 2009 2009 2009 2009 2008 2008 2008
Service revenues $ 14,588 $ 14,737 $ 14,838 $ 14,520 $ 14,198 $ 14,366 $ 14,903 $ 15,019
Product revenues 1,279 1,207 1,189 1,038 1,567 1,837 1,522 1,262
Total revenues 15,867 15,944 16,027 15,558 15,765 16,203 16,425 16,281
Operating expenses:
Cost of service revenues 3,309 3,254 3,535 3,501 4,179 3,699 4,022 3,814
Cost of product revenues 1,825 1,925 1,686 1,821 2,349 1,681 1,673 1,432
Research and development 1,308 1,239 1,265 1,237 1,538 1,183 1,299 1,192
Selling, general, and
administrative 8,536 8,251 8,156 8,573 11,700 9,562 9,667 8,751
Total operating expenses 14,978 14,669 14,642 15,132 19,766 16,125 16,661 15,189
Income (loss) from operations 889 1,275 1,385 426 (4,001) 78 (236) 1,092
Other income (loss), net 3 7 31 12 32 74 107 85
Income (loss) on change in fair
value of warrant liability 216 (265) (90) (7) (11) 66 190 69
Income (loss) before provision
for income taxes 1,108 1,017 1,326 431 (3,980) 218 61 1,246
Provision (benefit) for
income taxes (7) 3 (10) 17 (68) 38 17 58
Net income (loss) $ 1,115 $ 1,014 $ 1,336 $ 414 $ (3,912) $ 180 $ 44 $ 1,188
Net income (loss) per share:
Basic $ 0.02 $ 0.02 $ 0.02 $ 0.01 $ (0.06) $ 0.00 $ 0.00 $ 0.02
Diluted $ 0.02 $ 0.02 $ 0.02 $ 0.01 $ (0.06) $ 0.00 $ 0.00 $ 0.02
Shares used in per share calculations:
Basic 63,064 62,852 62,774 62,688 62,568 62,332 62,278 62,096
Diluted 63,992 63,393 62,873 62,766 62,568 62,394 62,361 62,192
QUARTER ENDED
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURE
None.
ITEM 9A. CONTROLS AND 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.
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