Non-GAAP Consolidated Statements of Operations (in thousands, except for per share data) |
|||||||||||||||||||||||||
Fiscal Quarter Ended
December 31, 2012 |
Fiscal Quarter Ended
December 31, 2011 |
||||||||||||||||||||||||
GAAP |
Adj(1) |
Non-GAAP |
GAAP |
Adj(1) |
Non-GAAP |
||||||||||||||||||||
Revenues | $ | 6,552 | $ | 323 | $ 6,875 | $ | 6,185 | $ | (473 | ) | $ | 5,712 | |||||||||||||
Cost of revenue |
1,685 |
— |
1,685 |
1,678 |
— |
1,678 |
|||||||||||||||||||
Total operating expenses |
4,998 |
(441 |
) |
4,557 |
4,579 |
(433 |
) |
4,146 |
|||||||||||||||||
Income (loss) from operations |
(131 |
) |
764 |
633 |
(72 |
) |
(40 |
) |
(112 |
) |
|||||||||||||||
Equity investment in earnings from Mediasite KK |
78 |
— |
78 |
— |
— |
— |
|||||||||||||||||||
Other expense, net | (26 | ) | — | (26 | ) | (52 | ) | — | (52 | ) | |||||||||||||||
Provision for income taxes | (60 | ) | 60 | — | (60 | ) | 60 | — | |||||||||||||||||
Net income (loss) |
$ |
(139 |
) |
$ |
824 |
$ 685 |
$ |
(184 |
) |
$ |
20 |
$ |
(164 |
) |
|||||||||||
Basic net income (loss) per common share |
$ |
(0.04 |
) |
$ |
0.21 |
$ 0.18 |
$ |
(0.05 |
) |
$ |
0.01 |
$ |
(0.04 |
) |
|||||||||||
(1)Adjustments consist of the following: |
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Billings | $ | 323 | $ | (473 | ) | ||||||||||||||||||||
Depreciation and amortization | 258 | 201 | |||||||||||||||||||||||
Non-cash tax provision | 60 | 60 | |||||||||||||||||||||||
Stock-based compensation(2) |
183 |
232 |
|||||||||||||||||||||||
Total non-GAAP adjustments |
$ |
824 |
$ |
20 |
|||||||||||||||||||||
|
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(2) Stock-based compensation is included in the following GAAP operating expenses: | |||||||||||||||||||||||||
Selling and marketing | $ | 118 | $ | 157 | |||||||||||||||||||||
General and administrative | 10 | 14 | |||||||||||||||||||||||
Product development | 55 | 61 | |||||||||||||||||||||||
Total stock-based compensation |
$ |
183 |
$ |
232 |
Sonic Foundry Reports First Quarter Fiscal 2013 Results
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