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Table of Contents
TELENAV, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
See accompanying Notes to Consolidated Financial Statements.
F-4
Fiscal Year Ended
June 30,
2014 2013 2012
Revenue:
Product
$
72,747
$
69,162
$
24,186
Services
77,566
122,638
181,336
Total revenue
150,313
191,800
205,522
Cost of revenue:
Product
36,775
38,164
13,615
Services
24,066
30,949
30,833
Total cost of revenue
60,841
69,113
44,448
Gross profit
89,472
122,687
161,074
Operating expenses:
Research and development
60,573
60,349
65,764
Sales and marketing
33,138
30,435
25,345
General and administrative
26,176
24,765
26,084
Restructuring costs
4,412
1,671
—
Total operating expenses
124,299
117,220
117,193
Operating income (loss)
(34,827
)
5,467
43,881
Other income, net
1,288
1,207
1,484
Income (loss) from continuing operations before provision (benefit) for income taxes
(33,539
)
6,674
45,365
Provision (benefit) for income taxes
(4,015
)
1,093
13,559
Income (loss) from continuing operations, net of tax
(29,524
)
5,581
31,806
Income from discontinued operations, net of tax
—
7,486
602
Net income (loss)
$
(29,524
)
$
13,067
$
32,408
Basic income (loss) per share:
Income (loss) from continuing operations, net of tax
$
(0.76
)
$
0.14
$
0.77
Net income (loss)
$
(0.76
)
$
0.32
$
0.78
Diluted income (loss) per share:
Income (loss) from continuing operations, net of tax
$
(0.76
)
$
0.13
$
0.72
Net income (loss)
$
(0.76
)
$
0.31
$
0.74
Weighted average shares used in computing net income (loss) per share:
Basic
38,796
40,310
41,406
Diluted
38,796
41,919
43,944