Non-GAAP Consolidated Statements of Operations
(in thousands)
Fiscal Quarter Ended Revised Fiscal Quarter Ended
September 30, 2009 September 30, 2008
-------------------- ----------------------------
Non- Non-
GAAP Adj(1) GAAP GAAP Adj(1) GAAP
---- ----- ---- ---- ----- ----
Revenues $4,128 $575 $4,703 $4,065 $1,220 $5,285
Cost of revenue 1,015 - 1,015 1,125 - 1,125
Total Operating
expenses 4,065 (237) 3,828 4,158 (304) 3,854
----- ---- ----- ----- ---- -----
Loss from
operations (952) 812 (140) (1,218) 1,524 306
Other income
(expense) 4 - 4 (8) - (8)
Provision for
income taxes (142) 142 - (256) 256 -
---- --- --- ---- --- ---
Net income
(loss) $(1,090) $954 $(136) $(1,482) $1,780 $298
======= ==== ===== ======= ====== ====
Diluted net
income (loss)
per common
share $(0.30) $0.26 $(0.04) $(0.42) $0.50 $0.08
====== ===== ====== ====== ===== =====
(1) Adjustments
consist of
the following:
Billings $575 $1,220
Depreciation
(in G&A) 145 195
Personnel and
program reductions
Non-cash tax
provision 142 256
Stock-based
compensation(2) 92 109
--- ---
Total non-GAAP
adjustments $954 $1,780
==== ======
(2) Stock-based
compensation
is included
in the
following
GAAP
operating
expenses:
Selling and
marketing $59 $71
General and
administrative 8 30
Research and
development 25 8
--- ---
Total stock-based
compensation $92 $109
=== ====
Fiscal Year Ended Revised Fiscal Year Ended
September 30, 2009 September 30, 2008
-------------------- ----------------------------
Non- Non-
GAAP Adj(1) GAAP GAAP Adj(1) GAAP
---- ----- ---- ---- ----- ----
Revenues $18,577 $611 $19,188 $15,601 $1,347 $16,948
Cost of revenue 4,331 - 4,331 4,205 - 4,205
Total Operating
expenses 16,724 (1,199) 15,525 19,279 (1,953) 17,326
------ ------ ------ ------ ----- ------
Loss from
operations (2,478) 1,810 (668) (7,883) 3,300 (4,583)
Other income (25) - (25) 10 - 10
Provision for
income taxes (142) 142 - (256) 256 -
---- --- --- ---- --- ---
Net income
(loss) $(2,645) 1,952 $(693) $(8,129) $3,556 $4,573
======= ===== ===== ======= ====== ======
Diluted net
income (loss)
per common
share $(0.74) $0.55 $(0.19) $(2.28) $0.99 $(1.29)
====== ===== ====== ====== ===== ======
(1) Adjustments
consist of
the following:
Billings $611 $1,347
Depreciation
(in G&A) 615 702
Personnel and
program reductions - 612
Non-cash tax
provision 142 256
Stock-based
compensation(2) 584 639
--- ---
Total non-GAAP
adjustments $1,952 $3,556
====== ======
(2) Stock-based
compensation
is included
in the following
GAAP operating
expenses:
Selling and
marketing $375 $352
General and
administrative 52 90
Research and
development 157 197
--- ---
Total stock-based
compensation $584 $639
==== ====
