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Table of Contents
Note 10. Quarterly Financial Information (Unaudited)
Selected quarterly financial information for 2014 and 2013 is as follows:
Fiscal Year 2014 Quarter Ended
Mar. 31,
2014
Jun. 30,
2014
Sept. 30,
2014
Dec. 31,
2014
(in thousands, except per share data)
Statements of Operations Data:
Revenue:
Services $ 17,052 $ 18,743 $ 20,844 $ 20,633
Software and other 1,561 1,435 1,387 1,336
Total revenue 18,613 20,178 22,231 21,969
Cost of revenue:
Cost of services 12,962 14,531 16,020 17,093
Cost of software and other 239 228 189 184
Total cost of revenue 13,201 14,759 16,209 17,277
Gross profit 5,412 5,419 6,022 4,692
Operating expenses:
Research and development 1,354 1,057 1,203 1,464
Sales and marketing 1,551 1,688 1,782 2,185
General and administrative 2,663 2,980 2,808 2,869
Amortization of intangible assets and other 273 273 273 272
Total operating expenses 5,841 5,998 6,066 6,790
Loss from operations (429) (579) (44) (2,098)
Interest income and other, net 78 62 77 77
Income (loss) from continuing operations, before income taxes (351) (517) 33 (2,021)
Income tax provision 125 132 128 355
Loss from continuing operations, after income taxes (476) (649) (95) (2,376)
Income (loss) from discontinued operations, after income taxes (6) (6) (6) 131
Net loss $ (482) $ (655) $ (101) $ (2,245)
Basic earnings (loss) per share:
Loss from continuing operations, after income taxes $ (0.01) $ (0.01) $ (0.00) $ (0.04)
Income (loss) from discontinued operations, after income taxes (0.00) (0.00) (0.00) 0.00
Basic net loss per share $ (0.01) $ (0.01) $ (0.00) $ (0.04)
Diluted earnings (loss) per share:
Loss from continuing operations, after income taxes $ (0.01) $ (0.01) $ (0.00) $ (0.04)
Income (loss) from discontinued operations, after income taxes (0.00) (0.00) (0.00) 0.00
Diluted net loss per share $ (0.01) $ (0.01) $ (0.00) $ (0.04)
Fiscal Year 2013 Quarter Ended
Mar. 31,
2013
Jun. 30,
2013
Sept. 30,
2013
Dec. 31,
2013
(in thousands, except per share data)
Statements of Operations Data:
Revenue:
Services $ 16,624 $ 16,400 $ 19,585 $ 22,258
Software and other 3,578 3,725 3,774 2,219
Total revenue 20,202 20,125 23,359 24,477
Cost of revenue:
Cost of services 9,310 8,838 11,046 14,014
Cost of software and other 307 271 294 300
Total cost of revenue 9,617 9,109 11,340 14,314
Gross profit 10,585 11,016 12,019 10,163
Operating expenses:
Research and development 1,588 1,281 1,456 1,410
Sales and marketing 3,936 4,376 4,120 2,167
General and administrative 2,763 2,353 3,077 3,183
Amortization of intangible assets and other 335 335 335 316
Total operating expenses 8,622 8,345 8,988 7,076
Income from operations 1,963 2,671 3,031 3,087
Interest income and other, net 73 107 127 62
Income from continuing operations, before income taxes 2,036 2,778 3,158 3,149
Income tax provision 149 176 121 326
Income from continuing operations, after income taxes 1,887 2,602 3,037 2,823
Income (loss) from discontinued operations, after income taxes (5) (6) (5) 50
Net income $ 1,882 $ 2,596 $ 3,032 $ 2,873
Basic earnings per share:
Income from continuing operations, after income taxes $ 0.04 $ 0.05 $ 0.06 $ 0.05
Income (loss) from discontinued operations, after income taxes (0.00) (0.00) (0.00) 0.00
Basic net earnings per share $ 0.04 $ 0.05 $ 0.06 $ 0.05
Diluted earnings per share:
Income from continuing operations, after income taxes $ 0.04 $ 0.05 $ 0.06 $ 0.05
Income (loss) from discontinued operations, after income taxes (0.00) (0.00) (0.00) 0.00
Diluted net earnings per share $ 0.04 $ 0.05 $ 0.06 $ 0.05
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