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Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Apr. 30, 2014
Quarterly Operating Results

The following tables set forth our unaudited quarterly consolidated statements of operations for continuing operations for each of the eight quarters ended April 30, 2014. The Company has prepared the quarterly data on a consistent basis with the audited consolidated financial statements included elsewhere in this report and, in the opinion of management, the financial information reflects all necessary adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results of operations for these periods. This information should be read in conjunction with the audited consolidated financial statements and related notes included elsewhere in this report. These quarterly operating results are not necessarily indicative of our operating results for any future period.

 

    Three Months Ended  
    Apr 30,
2014
    Jan 31,
2014
    Oct 31,
2013
    Jul 31,
2013
    Apr 30,
2013
    Jan 31,
2013
    Oct 31,
2012
    Jul 31,
2012
 

Revenue

  $ 43,078      $ 43,600      $ 41,148      $ 40,319      $ 38,924      $ 38,920      $ 35,148      $ 33,820   

Cost of revenue

    14,522        13,758        12,508        12,117        12,319        12,130        11,672        11,229   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Gross profit

    28,556        29,842        28,640        28,202        26,605        26,790        23,476        22,591   

Operating expenses:

               

Sales and marketing

    23,884        20,765        20,837        20,996        22,095        20,103        17,165        13,751   

Research and development

    9,832        9,036        9,793        8,924        8,691        8,822        7,496        7,160   

General and administrative

    6,521        7,674        3,639        8,536        9,672        8,125        6,533        6,660   

Acquisition-related and other

    366        31        8,283        7,504        7,819        1,583        1,085        —     

Amortization of acquired intangible assets

    288        282        283        282        282        267        —          —     
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total operating expenses

    40,891        37,788        42,835        46,242        48,559        38,900        32,279        27,571   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating loss

    (12,335     (7,946     (14,195     (18,040     (21,954     (12,110     (8,803     (4,980

Total other income (expense), net

    (316     (268     (249     3        (483     8        54        (407
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss before income taxes

    (12,651     (8,214     (14,444     (18,037     (22,437     (12,102     (8,749     (5,387

Income tax expense (benefit)

    (418     179        130        (391     583        (2,295     271        269   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss from continuing operations

    (12,233     (8,393     (14,574     (17,646     (23,020     (9,807     (9,020     (5,656

Income (loss) from discontinued operations, net of tax

  $ (11,448   $ 430      $ 420      $ 278      $ (124   $ (1,020   $ (2,222   $ (12,883
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss applicable to common stockholders

  $ (23,681   $ (7,963   $ (14,154   $ (17,368   $ (23,144   $ (10,827   $ (11,242   $ (18,539
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Basic earnings (loss) per share:

               

Continuing operations

  $ (0.16   $ (0.11   $ (0.20   $ (0.23   $ (0.32   $ (0.14   $ (0.13   $ (0.09

Discontinued operations

    (0.15     0.01        0.01        —          —          (0.01     (0.03     (0.21
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Basic loss per share:

  $ (0.31   $ (0.10   $ (0.19   $ (0.23   $ (0.32   $ (0.15   $ (0.16   $ (0.30
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted earnings per share:

               

Continuing operations

  $ —        $ —        $ —        $ —        $ —        $ —        $ —        $ —     

Discontinued operations

    —          0.01        0.01        —          —          —          —          —     
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted earnings per share:

  $ —        $ 0.01      $ 0.01      $ —        $ —        $ —        $ —        $ —