Non-GAAP Consolidated Statements of Operations
(in thousands)
Fiscal Quarter Ended Fiscal Quarter Ended
June 30, 2009 June 30, 2008
GAAP Adj(1) Non-GAAP GAAP Adj(1) Non-GAAP
Revenues $5,027 $(25) $5,002 $5,087 $376 $5,463
Cost of revenue 1,095 - 1,095 1,304 - 1,304
Total Operating
expenses 4,083 (278) 3,805 4,603 (663) 3,940
----- --- ----- ----- --- -----
Loss from
operations (151) 253 102 (820) 1,039 219
Other income (11) - (11) (9) - (9)
--- --- --- --- --- ---
Net income
(loss) $(162) $253 $91 $(829) $1,039 $210
===== ==== === ===== ====== ====
Diluted net
income (loss)
per common
share $(0.00) $0.01 $0.00 $(0.02) $0.03 $0.01
====== ===== ===== ====== ===== =====
(1) Adjustments consist of the following:
Billings (25) 376
Depreciation (in G&A) 154 178
Personnel and program
reductions - 296
Stock-based compensation(2) 124 189
--- ---
Total non-GAAP adjustments 253 1,039
(2) Stock-based compensation is included in the following GAAP
operating expenses:
Selling and marketing 79 122
General and administrative 11 18
Research and development 34 49
--- ---
Total stock-based
compensation 124 189
SOURCE Sonic Foundry, Inc.
Web site: http://www.sonicfoundry.com/
