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Quarterly Results of Operation (Unaudited)
12 Months Ended
Mar. 31, 2012
Quarterly Results of Operation (Unaudited)

Note 14. Quarterly Results of Operation (Unaudited)

The following is a summary of the Company’s unaudited quarterly results of operations for the fiscal years ending March 31, 2012 and 2011:

 

     Fiscal Years Ended March 31,  
     1st
Quarter
    2nd
Quarter
    3rd
Quarter
    4th
Quarter
    Total
Year
 

Fiscal Year 2012

          

Total revenues

   $ 27,355      $ 29,478      $ 32,198      $ 37,344      $ 126,375   

Cost of product revenue

     5,891        5,551        6,279        6,786        24,507   

Other operating expenses

     25,885        23,161        23,686        27,616        100,348   

Other income (expense), net

     (77     60        1,054        (14     1,023   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income (loss) before income tax provision

     (4,498     826        3,287        2,928        2,543   

Income tax provision

     96        225        366        361        1,048   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss)

   $ (4,594   $ 601      $ 2,921      $ 2,567      $ 1,495   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Basic net income (loss) per share

   $ (0.12   $ 0.02      $ 0.08      $ 0.07      $ 0.04   

Diluted net income (loss) per share

   $ (0.12   $ 0.02      $ 0.07      $ 0.06      $ 0.04   

Fiscal Year 2011

          

Total revenues

   $ 22,002      $ 23,376      $ 27,244      $ 28,529      $ 101,151   

Cost of product revenue

     5,284        5,408        5,437        5,848        21,977   

Other operating expenses

     22,773        21,015        22,479        24,092        90,359   

Other (expense) income, net

     318        88        34        (118     322   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Loss before income tax provision

     (5,737     (2,959     (638     (1,529     (10,863

Income tax provision

     243        242        164        243        892   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss

   $ (5,980   $ (3,201   $ (802   $ (1,772   $ (11,755
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Basic and diluted net loss per share

   $ (0.16   $ (0.09   $ (0.02   $ (0.05   $ (0.32