|
Quarter Ended
September 30,
|
|
|
2014
|
2013
|
|
|
|
Revenues
|
$ 11,415
|
$ 7,956
|
Cost of revenues
|
8,546
|
4,366
|
Gross profit
|
2,869 |
3,590
|
Gross profit margin
|
25%
|
45%
|
Operating expenses:
|
|
|
Research and development
|
546
|
755
|
% of sales
|
4.7%
|
9.5%
|
Selling and marketing
|
449
|
276
|
% of sales
|
3.9%
|
3.5%
|
General and administrative
|
1,738
|
1,223
|
% of sales
|
15%
|
15.4%
|
Amortization of intangible assets
|
306
|
93
|
Total operating expenses
|
3,039
|
2,347
|
% of sales
|
27%
|
29%
|
|
|
|
Basic and diluted
|
(0.09)
|
0.01
|
Weighted average common shares outstanding:
|
5,831,246
|
5,831,246
|
Three Months Ended
September 30,
|
||||
2014
|
2013
|
|||
|
|
|
||
Net income
|
|
(506)
|
|
78
|
Amortization related to U.S. acquisition
|
|
213
|
|
-
|
Amortization related to Micronet acquisition
|
|
93
|
|
93
|
Total amortization of acquired intangible assets
|
|
306
|
|
93
|
Change in fair value of warrants
|
|
-
|
|
55
|
Amortization of UTA's note discount and related expenses
|
|
6
|
|
154
|
Stock-based compensation
|
|
6
|
|
7
|
Expenses relates to purchase of a business
|
|
79
|
|
-
|
Income tax-effect of above non-GAAP adjustments
|
|
(14)
|
|
(14)
|
Total non-GAAP net income
|
|
(123)
|
|
373
|
Non-GAAP net income per diluted share
|
|
(0.02)
|
|
0.06
|
Shares used in per share calculations
|
|
5,831,246
|
|
5,831,246
|