8x8 2016 Annual Report Download - page 54

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8X8, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
Years Ended March 31,
2016 2015 2014
Service revenue $ 192,241 $ 148,208 $ 116,607
Product revenue 17,095 14,205 11,990
Total revenue 209,336 162,413 128,597
Operating expenses:
Cost of service revenue 37,078 29,701 22,445
Cost of product revenue 20,168 15,863 15,170
Research and development 24,040 15,118 11,633
Sales and marketing 109,379 80,667 60,906
General and administrative 25,745 18,182 15,368
Gain on patent sale - (1,000) -
Total operating expenses 216,410 158,531 125,522
Income (loss) from operations (7,074) 3,882 3,075
Other income, net 1,107 833 742
Income (loss) from continuing operations before
provision (benefit) for income taxes (5,967) 4,715 3,817
Provision (benefit) for income taxes (847) 2,789 2,219
Income (loss) from continuing operations (5,120) 1,926 1,598
Income from discontinued operations,
net of income tax provision - - 320
Gain on disposal of discontinued operations,
net of income tax provision of $456 - - 596
Net income (loss) $ (5,120) $ 1,926 $ 2,514
Income (loss) per share - continuing operations:
Basic $ (0.06) $ 0.02 $ 0.02
Diluted $ (0.06) $ 0.02 $ 0.02
Income per share - discontinued operations:
Basic $ 0.00 $ 0.00 $ 0.01
Diluted $ 0.00 $ 0.00 $ 0.01
Net income (loss) per share:
Basic $ (0.06) $ 0.02 $ 0.03
Diluted $ (0.06) $ 0.02 $ 0.03
Weighted average number of shares:
Basic 88,477 89,071 78,310
Diluted 88,477 91,652 81,658
The accompanying notes are an integral part of these consolidated financial statements.
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