XML 39 R27.htm IDEA: XBRL DOCUMENT v3.3.1.900
Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]
19. SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED):
The following tables set forth certain consolidated statement of operations data for each of the quarters in 2015 and 2014. This information has been derived from the Company's quarterly unaudited consolidated financial statements. The quarterly unaudited consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements included in this report and include all adjustments, consisting only of normal recurring adjustments, that we consider necessary for a fair presentation of such information when read in conjunction with the annual audited consolidated financial statements and notes appearing in this report. The operating results for any quarter do not necessarily indicate the results for any subsequent period or for the entire fiscal year.
 
 
Three months ended
 
 
December 2015
 
September 2015
 
June
2015
 
March
2015
 
December 2014
 
September 2014
 
June
2014
 
March
2014
Consolidated Statement of Operations Data:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
9,590

 
$
9,983

 
$
9,363

 
$
9,868

 
$
9,647

 
$
9,178

 
$
8,981

 
$
10,924

Cost of revenues
 
4,093

 
4,370

 
3,821

 
4,244

 
4,316

 
4,180

 
3,784

 
4,538

Gross profit
 
5,497

 
5,613

 
5,542

 
5,624

 
5,331

 
4,998

 
5,197

 
6,386

Operating expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Product development
 
2,341

 
2,454

 
2,340

 
2,612

 
2,286

 
2,305

 
2,170

 
2,749

Sales and marketing
 
1,602

 
1,848

 
2,194

 
2,188

 
2,498

 
2,160

 
2,265

 
2,175

General and administrative
 
1,694

 
2,547

 
2,187

 
2,821

 
2,847

 
3,538

 
3,579

 
3,770

Goodwill impairment
 
5,698

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Lease termination charges
 
—

 
—

 
3,337

 
—

 
—

 
—

 
—

 
—

Loss on write down of property, equipment and other
 
—

 
—

 
—

 
—

 
—

 
4,409

 
—

 
—

Restructuring charges
 
—

 
—

 
—

 
—

 
164

 
227

 
—

 
—

Total operating expenses
 
11,335

 
6,849

 
10,058

 
7,621

 
7,795

 
12,639

 
8,014

 
8,694

Loss from continuing operations
 
(5,838
)
 
(1,236
)
 
(4,516
)
 
(1,997
)
 
(2,464
)
 
(7,641
)
 
(2,817
)
 
(2,308
)
Interest and other income (expense), net
 
227

 
184

 
(458
)
 
838

 
269

 
719

 
(69
)
 
11

Interest expense on lease financing obligations
 
(2
)
 
(5
)
 
(128
)
 
(252
)
 
(261
)
 
(271
)
 
(280
)
 
(288
)
Loss from continuing operations before provision for income taxes
 
(5,613
)
 
(1,057
)
 
(5,102
)
 
(1,411
)
 
(2,456
)
 
(7,193
)
 
(3,166
)
 
(2,585
)
Income tax expense (benefit)
 
(14
)
 
(10
)
 
61

 
13

 
97

 
33

 
106

 
(25
)
Net loss from continuing operations attributable to Echelon Corporation Stockholders
 
(5,599
)
 
(1,047
)
 
(5,163
)
 
(1,424
)
 
(2,553
)
 
(7,226
)
 
(3,272
)
 
(2,560
)
Net loss from discontinued operations, net of income taxes
 
—

 
—

 
—

 
—

 
—

 
(2,141
)
 
(5,579
)
 
(1,530
)
Net loss from discontinued operations attributable to non-controlling interest, net of income taxes
 
—

 
—

 
—

 
—

 
—

 
179

 
239

 
117

Net loss from discontinued operations attributable to Echelon Corporation Stockholders, net of income taxes
 
—

 
—

 
—

 
—

 
—

 
(1,962
)
 
(5,340
)
 
(1,413
)
Net loss attributable to Echelon Corporation stockholders
 
$
(5,599
)
 
$
(1,047
)
 
$
(5,163
)
 
$
(1,424
)
 
$
(2,553
)
 
$
(9,188
)
 
$
(8,612
)
 
$
(3,973
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic and diluted net loss per share from continuing operations attributable to Echelon Corporation Stockholders
 
$
(1.27
)
 
$
(0.24
)
 
$
(1.17
)
 
$
(0.32
)
 
$
(0.58
)
 
$
(1.66
)
 
$
(0.76
)
 
$
(0.59
)
Basic and diluted net loss per share from discontinued operations attributable to Echelon Corporation Stockholders
 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
(0.45
)
 
$
(1.23
)
 
$
(0.33
)
Basic and diluted net loss per share attributable to Echelon Corporation Stockholders
 
$
(1.27
)
 
$
(0.24
)
 
$
(1.17
)
 
$
(0.32
)
 
$
(0.58
)
 
$
(2.11
)
 
$
(1.99
)
 
$
(0.92
)
Shares used in net loss per share calculation:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
4,416

 
4,413

 
4,406

 
4,395

 
4,390

 
4,351

 
4,333

 
4,326

Diluted
 
4,416

 
4,413

 
4,406

 
4,395

 
4,390

 
4,351

 
4,333

 
4,326