eFax 2013 Annual Report Download - page 91
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Please find page 91 of the 2013 eFax annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report. The consolidated results of operations of the Unrestricted Subsidiaries for the year ended December 31, 2013 is as follows (in thousands):
On February 10, 2014, in a cash transaction the Company acquired LiveDrive Holdings, Ltd., a UK-
based provider of online backup with added file sync features for
professionals and individuals.
On February 11, 2014 , the Company's Board of Directors approved a quarterly cash dividend of $0.2625 per share of common stock payable on March 10, 2014
to all
stockholders of record as of the close of business on February 24, 2014 .
On February 11, 2014, the Company's Board of Directors extended by one year the Company's share repurchase program set to expire February 20, 2014 to February
20, 2015.
- 89 -
Year Ended
December 31,
2013
Revenues
$
131,146
Cost of revenues
16,982
Gross profit
114,164
Operating expenses:
Sales and marketing
64,923
Research, development and engineering
5,427
General and administrative
37,082
Total operating expenses
107,432
Income from operations
6,732
Other income (expenses):
Interest expense (income), net
11,215
Other expense (income), net
12,229
Loss before income taxes
(16,712
)
Income tax (benefit) expense
(265
)
Net loss
(16,447
)
Less net income attributable to noncontrolling interest —
Net loss attributable to common stockholders
$
(16,447
)
22..
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