| COVISINT CORPORATION | |||||||||||||||
| CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS | |||||||||||||||
| (In Thousands, Except Per Share Data) | |||||||||||||||
| (Unaudited) | |||||||||||||||
|
THREE MONTHS
ENDED SEPTEMBER 30, |
SIX MONTHS
ENDED SEPTEMBER 30, | ||||||||||||||
| 2015 | 2014 | 2015 | 2014 | ||||||||||||
| REVENUE | $ | 18,393 | $ | 21,735 | $ | 36,875 | $ | 43,322 | |||||||
| COST OF REVENUE | 8,469 | 14,326 | 18,246 | 29,592 | |||||||||||
| GROSS PROFIT | 9,924 | 7,409 | 18,629 | 13,730 | |||||||||||
| 54 | % | 34 | % | 51 | % | 32 | % | ||||||||
| OPERATING EXPENSES: | |||||||||||||||
| Research and development | 3,127 | 2,583 | 6,790 | 5,699 | |||||||||||
| Sales and marketing | 7,183 | 8,003 | 14,659 | 17,775 | |||||||||||
| General and administrative | 3,730 | 4,111 | 7,817 | 9,657 | |||||||||||
| Total operating expenses | 14,040 | 14,697 | 29,266 | 33,131 | |||||||||||
| OPERATING LOSS | (4,116 | ) | (7,288 | ) | (10,637 | ) | (19,401 | ) | |||||||
| Other income (expense) | (33 | ) | 17 | (31 | ) | 39 | |||||||||
| LOSS BEFORE INCOME TAXES | (4,149 | ) | (7,271 | ) | (10,668 | ) | (19,362 | ) | |||||||
| INCOME TAX PROVISION (BENEFIT) | (23 | ) | 33 | 44 | 58 | ||||||||||
| NET LOSS | $ | (4,126 | ) | $ | (7,304 | ) | $ | (10,712 | ) | $ | (19,420 | ) | |||
| DILUTED EPS COMPUTATION | |||||||||||||||
| Numerator: Net loss | $ | (4,126 | ) | $ | (7,304 | ) | $ | (10,712 | ) | $ | (19,420 | ) | |||
| Denominator: | |||||||||||||||
| Weighted-average common shares outstanding | 39,346 | 37,972 | 39,203 | 37,730 | |||||||||||
| Dilutive effect of stock awards | — | — | — | — | |||||||||||
| Total shares | 39,346 | 37,972 | 39,203 | 37,730 | |||||||||||
| Diluted EPS | $ | (0.10 | ) | $ | (0.19 | ) | $ | (0.27 | ) | $ | (0.51 | ) | |||
