Q1 2014 Earnings

Reported March 30, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q1 2014	Q4 2013	Q1 2013	QoQ Change	YoY Change
Revenue	$6M	$9M	—	-36.0%	—
Op. Income	-$10M	-$11M	—	8.7%	—
Gross Margin	66.4%	78.6%	—	-12.2pp	—
Net Margin	-183.4%	-128.2%	—	-55.2pp	—
EPS (Diluted)	$-1.75	$-1.91	—	8.4%	—

Income Statement

Item	Amount
REVENUE	$6M
Cost of Revenue	$2M
GROSS PROFIT	$4M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$11M
SG&A Expenses	$14M
Other Expenses	-$8.0K
Operating Expenses	$14M
Cost & Expenses	$16M
OPERATING INCOME	-$10M
Interest Income	$2.0K
Interest Expense	$12.0K
Other Income/Expenses	-$18.0K
INCOME BEFORE TAX	-$10M
Income Tax Expense	$10.0K
Net Income from Continuing Ops	-$10M
Net Income from Discontinued Ops	$0
Other Adjustments	-$12M
NET INCOME	-$10M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$22M
D&A	$2.0K
EBIT	-$10M
EBITDA	-$10M
EPS	-$2
EPS Diluted	-$2