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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Revenues [1] $ 8,061 $ 9,363 $ 16,708 $ 19,231
Cost of revenues:        
Cost of revenues [2] 3,354 3,821 7,191 8,065
Gross profit 4,707 5,542 9,517 11,166
Operating expenses:        
Product development [3] 1,886 2,340 4,126 4,952
Sales and marketing [3] 1,625 2,194 2,938 4,382
General and administrative [3] 2,219 2,187 4,218 5,008
Lease termination charges 0 3,337 0 3,337
Total operating expenses 5,730 10,058 11,282 17,679
Loss from operations (1,023) (4,516) (1,765) (6,513)
Interest and other income, net 503 (458) 298 380
Interest expense on lease financing obligations 0 (128) 0 (380)
Loss before provision for income taxes (520) (5,102) (1,467) (6,513)
Income tax expense 51 61 57 74
Net loss $ (571) $ (5,163) $ (1,524) $ (6,587)
Basic and diluted net loss attributable to Echelon Corporation Stockholders $ (0.13) $ (1.17) $ (0.34) $ (1.50)
Shares used in computing net loss per share:        
Basic 4,420 4,406 4,419 4,404
Diluted 4,420 4,406 4,419 4,404
[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 4 for summary of amounts included representing stock-based compensation expense.