XML 14 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Revenues [1] $ 8,647 $ 9,868
Cost of revenues:    
Cost of revenues [2] 3,837 4,244
Gross profit 4,810 5,624
Operating expenses:    
Product development [3] 2,240 2,612
Sales and marketing [3] 1,313 2,188
General and administrative [3] 1,999 2,821
Total operating expenses 5,552 7,621
Loss from operations (742) (1,997)
Interest and other income, net (205) 838
Interest expense on lease financing obligations 0 (252)
Loss before provision for income taxes (947) (1,411)
Income tax expense 6 13
Net loss $ (953) $ (1,424)
Basic and diluted net loss attributable to Echelon Corporation Stockholders $ (0.22) $ (0.32)
Shares used in computing net loss per share:    
Basic 4,417 4,395
Diluted 4,417 4,395
[1] Represents the portfolio of available for sale securities that is included in restricted investments and short-term investments in the Company’s condensed consolidated balance sheets
[2] Included in cash and cash equivalents in the Company’s condensed consolidated balance sheets
[3] See Note 5 for summary of amounts included representing stock-based compensation expense.