| Quarterly Results of Operations |
The following table sets forth certain unaudited quarterly results
of operations for fiscal 2014 and fiscal 2013. In the opinion of
management, this information has been prepared on the same basis as
the audited consolidated financial statements and all necessary
adjustments, consisting only of normal recurring adjustments, have
been included in the amounts stated below to present fairly the
quarterly information when read in conjunction with the audited
consolidated financial statements and notes thereto included
elsewhere in this Form 10-K. The quarterly operating results are
not necessarily indicative of future results of operations.
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Fiscal Year Ended January 31,
2014 |
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Q1
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Q2
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Q3
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Q4
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(Amounts in thousands, except per share data)
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Revenue
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$ |
35,552 |
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$ |
37,380 |
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$ |
37,771 |
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$ |
35,616 |
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Gross profit
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19,084 |
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21,362 |
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20,888 |
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17,865 |
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Operating expenses
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20,900 |
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20,827 |
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20,359 |
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18,742 |
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Net (loss) income from continuing operations
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(2,020 |
) |
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343 |
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798 |
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(1,348 |
) |
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Net income (loss) from discontinued operations (1)
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35 |
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(558 |
) |
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(221 |
) |
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(59 |
) |
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Net (loss) income
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(1,985 |
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(215 |
) |
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577 |
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(1,407 |
) |
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Net (loss) income per share from continuing operations (2):
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Basic (loss) income per share
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$ |
(0.06 |
) |
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$ |
0.01 |
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$ |
0.02 |
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$ |
(0.04 |
) |
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Diluted (loss) income per share
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$ |
(0.06 |
) |
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$ |
0.01 |
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$ |
0.02 |
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$ |
(0.04 |
) |
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Income (loss) per share from discontinued operations (2):
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Basic income (loss) per share
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$ |
0.00 |
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$ |
(0.02 |
) |
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$ |
(0.00 |
) |
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$ |
(0.00 |
) |
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Diluted income (loss) per share
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$ |
0.00 |
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$ |
(0.02 |
) |
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$ |
(0.00 |
) |
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$ |
(0.00 |
) |
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(Loss) income per share (2):
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Basic (loss) income per share
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$ |
(0.06 |
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$ |
(0.01 |
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$ |
0.02 |
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$ |
(0.04 |
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Diluted (loss) income per share
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$ |
(0.06 |
) |
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$ |
(0.01 |
) |
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$ |
0.02 |
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$ |
(0.04 |
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Fiscal Year Ended January 31,
2013 |
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Q1 |
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Q2 |
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Q3 |
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Q4 |
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(Amounts in
thousands, except per share data) |
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Revenue
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$ |
36,626 |
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$ |
36,738 |
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$ |
39,249 |
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$ |
44,575 |
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Gross profit
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20,505 |
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16,860 |
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19,860 |
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26,066 |
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Operating expenses
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21,676 |
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24,369 |
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21,465 |
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21,127 |
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Net (loss) income from continuing operations
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(287 |
) |
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(8,098 |
) |
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(337 |
) |
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5,923 |
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Net (loss) income from discontinued operations (1)
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(19,290 |
) |
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2,100 |
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211 |
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613 |
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Net (loss) income
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(19,577 |
) |
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(5,998 |
) |
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(126 |
) |
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6,536 |
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Net (loss) income per share from continuing operations (2):
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Basic (loss) income per share
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$ |
(0.01 |
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$ |
(0.25 |
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$ |
(0.01 |
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$ |
0.18 |
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Diluted (loss) income per share
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$ |
(0.01 |
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$ |
(0.25 |
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$ |
(0.01 |
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$ |
0.18 |
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(Loss) income per share from discontinued operations (2):
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Basic (loss) income per share
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$ |
(0.59 |
) |
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$ |
0.07 |
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$ |
0.01 |
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$ |
0.02 |
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Diluted (loss) income per share
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$ |
(0.59 |
) |
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$ |
0.07 |
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$ |
0.01 |
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$ |
0.02 |
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(Loss) income per share (2):
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Basic (loss) income per share
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$ |
(0.60 |
) |
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$ |
(0.18 |
) |
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$ |
(0.00 |
) |
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$ |
0.20 |
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Diluted (loss) income per share
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$ |
(0.60 |
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$ |
(0.18 |
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$ |
(0.00 |
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$ |
0.20 |
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| (1) |
In May 2012, we completed the sale of
our broadcast servers and storage business and our media services
business. As a result, both businesses have been reported as
discontinued operations in our consolidated financial statements.
For all periods presented, our consolidated financial statements
have been recast to reflect the presentation of discontinued
operations. |
| (2) |
The sum of per share data may not
agree to annual amounts due to rounding. |
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