Enom 2013 Annual Report Download - page 64

Selected Quarterly Financial Data
The following unaudited quarterly consolidated statements of operations for the quarters in the years ended December 31, 2013 and 2012,
have been prepared on a basis consistent with our audited consolidated annual financial statements, and include, in the opinion of management,
all normal recurring adjustments necessary for the fair statement of the financial information contained in those statements. The period-to-period
comparison of financial results is not necessarily indicative of future results and should be read in conjunction with our consolidated annual
financial statements and the related notes included elsewhere in this Annual Report on Form 10-K.
62
Quarter ended
March
31,
June 30,
September
30,
December
31,
March
31,
June 30,
September
30,
December
31,
2013
2013
2013
2013
2012
2012
2012
2012
(In thousands, except per share data)
Unaudited
Revenue:
Content & Media:
Owned and operated websites
$
49,703
$
51,709
$
48,007
$
46,127
$
39,348
$
44,990
$
45,377
$
48,796
Network websites
15,588
12,790
10,578
11,895
14,615
14,677
18,759
19,837
Total Content & Media
65,291
64,499
58,585
58,022
53,963
59,667
64,136
68,633
Registrar
35,329
36,567
37,666
38,639
32,271
33,388
34,011
34,509
Total revenue
100,620
101,066
96,251
96,661
86,234
93,055
98,147
103,142
Operating expenses
(1)(2)
:
Service costs (exclusive of amortization of
intangible assets)
(3)
48,177
48,575
52,884
55,127
41,262
44,367
46,524
48,865
Sales and marketing
14,083
12,243
10,532
9,587
10,393
11,660
11,625
12,823
Product development
11,160
10,742
11,365
10,920
10,124
10,587
10,278
9,719
General and administrative
16,375
17,622
20,603
18,677
15,395
15,754
15,705
16,171
Amortization of intangible assets
9,559
10,551
10,614
13,685
11,956
9,759
9,501
9,460
Total operating expenses
99,354
99,733
105,998
107,996
89,130
92,127
93,633
97,038
Income (loss) from operations
1,266
1,333
(9,747
)
(11,335
)
(2,896
)
928
4,514
6,104
Interest income
7
6
3
5
15
10
9
8
Interest expense
(153
)
(165
)
(656
)
(668
)
(137
)
(173
)
(155
)
(157
)
Other income (expense), net
(78
)
(45
)
74
(12
)
(19
)
(45
)
(13
)
(34
)
Gain on other assets, net
-
1,229
1,337
1,666
-
-
-
-
Income (loss) before income taxes
1,042
2,358
(8,989
)
(10,344
)
(3,037
)
720
4,355
5,921
Income tax expense (benefit)
(373
)
(1,240
)
(1,451
)
(1,177
)
1,195
(626
)
(1,180
)
(1,172
)
Net income (loss)
$
669
$
1,118
$
(10,440
)
$
(11,521
)
$
(1,842
)
$
94
$
3,175
$
4,749
Net income (loss) per share
-
basic
$
0.01
$
0.01
$
(0.12
)
$
(0.13
)
$
(0.02
)
$
0.00
$
0.04
$
0.06
Net income (loss) per share
-
diluted
$
0.01
$
0.01
$
(0.12
)
$
(0.13
)
$
(0.02
)
$
0.00
$
0.04
$
0.05
Weighted average number of shares
-
basic
(4)
86,618
87,370
89,771
90,310
82,942
83,925
85,182
86,140
Weighted average number of shares
-
diluted
(4)
87,743
88,451
89,771
90,310
82,942
86,802
88,751
88,444
(1)
Depreciation expense included in the above line items:
Service costs
$
3,982
$
3,466
$
3,413
3,352
$
3,650
$
3,552
$
3,587
$
3,663
Sales and marketing
107
99
89
84
134
106
105
108
Product development
236
225
201
203
282
271
234
238
General and administrative
1,020
1,094
1,403
1,527
898
899
906
1,025
Total depreciation
$
5,345
$
4,884
$
5,106
$
5,166
$
4,964
$
4,828
$
4,832
$
5,034
(2)
Stock
-
based compensation included in the above line items:
Service costs
$
611
$
726
$
741
700
$
708
$
761
$
672
$
679
Sales and marketing
1,923
1,406
1,148
851
1,536
1,585
1,400
1,597
Product development
1,165
1,270
1,667
1,084
1,688
2,085
1,396
1,283
General and administrative
3,564
3,478
3,930
3,120
3,459
4,118
4,578
3,823
Total stock
-
based compensation
$
7,263
$
6,880
$
7,486
$
5,755
$
7,391
$
8,549
$
8,046
$
7,382
(3)
Service costs include traffic acquisition costs of:
$
5,436
$
4,045
$
3,864
$
2,644
$
3,379
$
4,380
$
5,350
$
6,332
(4)
For a description of the method used to compute our basic and diluted net loss per share, refer to note 4 in Part II, Item 6,
“
Selected Financial Data.
”