8x8 2011 Annual Report Download - page 42

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8X8, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
2011 2010 2009
Service revenues $ 64,998 $ 58,683 $ 58,486
Product revenues 5,165 4,713 6,188
Total revenues 70,163 63,396 64,674
Operating expenses:
Cost of service revenues 14,508 13,599 15,714
Cost of product revenues 8,115 7,257 7,135
Research and development 4,819 5,049 5,212
Selling, general and administrative 36,477 33,516 39,680
Total operating expenses 63,919 59,421 67,741
Incone (loss) from operations 6,244 3,975 (3,067)
Other income, net 138 53 298
Income (loss) on change in fair value of warrant liability 167 (146) 314
Income (loss) before provision for income taxes 6,549 3,882 (2,455)
Provision for income taxes 55 3 45
Net income (loss) $ 6,494 $ 3,879 $ (2,500)
Net income (loss) per share:
Basic $ 0.10 $ 0.06 $ (0.04)
Diluted $ 0.10 $ 0.06 $ (0.04)
Weighted average number of shares:
Basic 63,087 62,861 62,317
Diluted 65,873 63,262 62,317
Years Ended March 31,
The accompanying notes are an integral part of these consolidated financial statements.
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