CONSOLIDATED QUARTERLY FINANCIAL DATA (Unaudited) - Note 17

12 Months Ended

Mar. 31, 2016

Consolidated Quarterly Financial Data

CONSOLIDATED QUARTERLY FINANCIAL DATA (Unaudited) - Note 17

17. CONSOLIDATED QUARTERLY FINANCIAL DATA (UNAUDITED)

In thousands, except per share data amounts:

		QUARTER ENDED
		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,
		2016		2015		2015		2015		2015		2014		2014		2014
Service revenue	$	52,174	$	48,948	$	46,951	$	44,168	$	40,009	$	37,802	$	36,121	$	34,276
Product revenue		5,160		4,220		3,991		3,724		3,521		3,570		3,477		3,637
Total revenue		57,334		53,168		50,942		47,892		43,530		41,372		39,598		37,913
Operating expenses:
Cost of service revenue		9,720		9,713		9,186		8,459		7,655		7,544		7,505		6,997
Cost of product revenue		6,103		5,087		4,596		4,382		4,173		3,959		3,762		3,969
Research and development		6,110		6,404		6,446		5,080		4,348		3,868		3,496		3,406
Sales and marketing		31,240		27,585		26,730		23,824		21,508		20,559		19,440		19,160
General, and administrative		7,132		6,888		5,657		6,068		5,794		4,617		3,893		3,878
Gain on patent sale		-		-		-		-		-		-		(1,000)		-
Total operating expenses		60,305		55,677		52,615		47,813		43,478		40,547		37,096		37,410
Income (loss) from operations		(2,971)		(2,509)		(1,673)		79		52		825		2,502		503
Other income, net		397		272		204		234		210		246		200		177
Income (loss) from
operations before provision
(benefit) for income taxes		(2,574)		(2,237)		(1,469)		313		262		1,071		2,702		680
Provision (benefit) for
income taxes (1)		(1,498)		(557)		423		785		79		627		1,411		672
Net income (loss)	$	(1,076)	$	(1,680)	$	(1,892)	$	(472)	$	183	$	444	$	1,291	$	8
Net income (loss) per share:
Basic	$	(0.01)	$	(0.02)	$	(0.02)	$	(0.01)	$	0.00	$	0.01	$	0.01	$	0.00
Diluted	$	(0.01)	$	(0.02)	$	(0.02)	$	(0.01)	$	0.00	$	0.01	$	0.01	$	0.00
Shares used in per share calculations:
Basic		88,888		88,289		88,557		88,233		88,950		89,594		89,073		88,592
Diluted		88,888		88,289		88,557		88,233		91,266		91,974		91,615		91,445

(1) Comparability affected by the decrease in fiscal 2016 and 2015 in the valuation allowance related to the deferred tax asset which resulted in a decrease in the provision for income taxes of $1.1 million and $1.5 million, in the fourth quarter of fiscal 2016 and 2015, respectively.