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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Net revenues:        
Products $ 22,756 $ 18,663 [1] $ 59,421 $ 55,053 [1]
Services 3,512 4,282 [1] 11,506 12,954 [1]
Total net revenues 26,268 22,945 [1] 70,927 68,007 [1]
Cost of revenues:        
Products 12,149 10,761 [1] 34,805 32,516 [1]
Services 2,796 2,464 [1] 7,451 7,433 [1]
Total cost of revenues 14,945 13,225 [1] 42,256 39,949 [1]
Gross profit 11,323 9,720 [1] 28,671 28,058 [1]
Operating expenses:        
Research and development 1,956 2,019 [1] 6,192 6,894 [1]
Selling and marketing 5,606 5,440 [1] 17,097 18,978 [1]
General and administrative 4,540 4,603 [1] 13,025 14,537 [1]
Impairment of long-lived assets 325 870 [1] 325 24,785 [1]
Impairment of goodwill 22,622 4,979 [1] 22,622 26,429 [1]
Re-measurement of contingent consideration        (5,657) [1]
Restructuring and severance 1,252   1,252 278 [1]
Total operating expenses 36,301 17,911 [1] 60,513 86,244 [1]
Loss from operations (24,978) (8,191) [1] (31,842) (58,186) [1]
Other income (expense) 0 23 [1] 0 (135) [1]
Interest expense, net (506) (379) [1] (1,963) (1,023) [1]
Foreign currency gain (loss), net 312 (29) [1] 464 (108) [1]
Loss before income taxes and noncontrolling interest (25,172) (8,576) [1] (33,341) (59,452) [1]
Income tax (provision) benefit (363) (15) [1] (256) 5,415 [1]
Consolidated net loss (25,535) (8,591) [1],[2] (33,597) (54,037) [1],[2]
Less: Loss attributable to noncontrolling interest 1,322 678 [1] 1,708 3,524 [1]
Net loss attributable to Identive Group, Inc. stockholders’ equity $ (24,213) $ (7,913) [1] $ (31,889) $ (50,513) [1]
Basic and diluted net loss per share attributable to Identive Group, Inc. stockholders’ equity $ (0.35) $ (0.13) [1] $ (0.50) $ (0.85) [1]
Weighted average shares used to compute basic and diluted loss per share 68,518 60,033 [1] 63,697 59,441 [1]
[1] Certain amounts shown in the table above have changed as compared to amounts reported in prior periods as noted in Item 1, Financial Statements, Note 1 of Notes to Condensed Consolidated Financial Statements, Reclassifications and Restatements.
[2] Certain amounts shown in the table above have changed as compared to amounts reported in prior periods as noted in Item 1, Financial Statements, Note 1 of Notes to Condensed Consolidated Financial Statements, Reclassifications and Restatements.