Q1 2013 Earnings

Reported March 31, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q1 2013	Q4 2012	Q1 2012	QoQ Change	YoY Change
Revenue	$14M	—	—	—	—
Op. Income	-$216.1K	—	—	—	—
Gross Margin	60.3%	—	—	—	—
Net Margin	0.3%	—	—	—	—
EPS (Diluted)	$-0.04	—	—	—	—

Income Statement

Item	Amount
REVENUE	$14M
Cost of Revenue	$5M
GROSS PROFIT	$8M
R&D Expenses	$569.4K
Selling & Marketing	$5M
General & Administrative	$3M
SG&A Expenses	$8M
Other Expenses	$0
Operating Expenses	$9M
Cost & Expenses	$14M
OPERATING INCOME	-$216.1K
Interest Income	$265.9K
Interest Expense	$0
Other Income/Expenses	$266.6K
INCOME BEFORE TAX	$50.5K
Income Tax Expense	$8.8K
Net Income from Continuing Ops	$41.7K
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$41.7K
Net Income Deductions	$439.6K
BOTTOM LINE NET INCOME	-$397.9K
D&A	$0
EBIT	-$216.1K
EBITDA	-$216.1K
EPS	-$0
EPS Diluted	-$0