| COVISINT CORPORATION | |||||||||||||||||||
| NON-GAAP 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 | 7,542 | 12,526 | 16,385 | 25,633 | |||||||||||||||
| GROSS PROFIT | 10,851 | 9,209 | 20,490 | 17,689 | |||||||||||||||
| 59 | % | 42 | % | 56 | % | 41 | % | ||||||||||||
| OPERATING EXPENSES: | |||||||||||||||||||
| Research and development | 4,225 | 3,194 | 8,262 | 7,034 | |||||||||||||||
| Sales and marketing | 6,951 | 7,585 | 14,318 | 16,612 | |||||||||||||||
| General and administrative | 3,339 | 3,294 | 6,442 | 7,408 | |||||||||||||||
| Total operating expenses | 14,515 | 14,073 | 29,022 | 31,054 | |||||||||||||||
| OPERATING LOSS | (3,664 | ) | (4,864 | ) | (8,532 | ) | (13,365 | ) | |||||||||||
| Other income (expense) | (33 | ) | 17 | (31 | ) | 39 | |||||||||||||
| LOSS BEFORE INCOME TAXES | (3,697 | ) | (4,847 | ) | (8,563 | ) | (13,326 | ) | |||||||||||
| INCOME TAX PROVISION (BENEFIT) | (23 | ) | 33 | 44 | 58 | ||||||||||||||
| NET LOSS | $ | (3,674 | ) | $ | (4,880 | ) | $ | (8,607 | ) | $ | (13,384 | ) | |||||||
| DILUTED EPS COMPUTATION | |||||||||||||||||||
| Numerator: Net loss | $ | (3,674 | ) | $ | (4,880 | ) | $ | (8,607 | ) | $ | (13,384 | ) | |||||||
| 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 | $ | (0.09 | ) | $ | (0.13 | ) | $ | (0.22 | ) | $ | (0.35 | ) | |||||||
