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Table of Contents
TELENAV, INC.
CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share amounts)
See accompanying Notes to Consolidated Financial Statements.
F-4
Fiscal Year Ended
June 30,
2013
2012
2011
Revenue:
Product
$
69,162
$
24,186
$
10,752
Services
122,638
181,336
188,366
Total revenue
191,800
205,522
199,118
Cost of revenue:
Product
38,164
13,615
6,364
Services
30,949
30,833
31,786
Total cost of revenue
69,113
44,448
38,150
Gross profit
122,687
161,074
160,968
Operating expenses:
Research and development
60,349
65,764
52,617
Sales and marketing
30,435
25,345
16,588
General and administrative
24,765
26,084
19,757
Restructuring costs
1,671
—
—
Total operating expenses
117,220
117,193
88,962
Operating income
5,467
43,881
72,006
Other income, net
1,207
1,484
1,173
Income from continuing operations before provision for income taxes
6,674
45,365
73,179
Provision for income taxes
1,093
13,559
28,592
Income from continuing operations, net of tax
5,581
31,806
44,587
Income from discontinued operations, net of tax
7,486
602
(2,013
)
Net income
$
13,067
$
32,408
$
42,574
Basic income per share:
Income from continuing operations, net of tax
$
0.14
$
0.77
$
1.06
Net income
$
0.32
$
0.78
$
1.01
Diluted income per share:
Income from continuing operations, net of tax
$
0.13
$
0.72
$
0.99
Net income
$
0.31
$
0.74
$
0.94
Weighted average shares used in computing net income per share:
Basic
40,310
41,406
41,975
Diluted
41,919
43,944
45,086