Total cost of revenue 13,638 16,899 42,724 52,912
Gross profit 9,090 16,112 32,930 37,116
Operating expenses:
Research and development 5,567 4,601 15,374 12,763
Sales and marketing 4,121 4,435 13,013 13,026
General and administrative 3,549 4,495 9,968 12,668
Amortization of intangible
assets related to Camtronics
acquisition 346 885 1,036 2,655
Integration costs related to
Camtronics acquisition - 2,062 - 4,343
Restructuring charge - 578 -
Total operating expenses 13,583 16,478 39,969 45,455
Operating loss (4,493) (366) (7,039) (8,339)
Interest income 232 157 711 473
Interest expense (19) (64) (75) (257)
Net loss $(4,280) $(273) $(6,403) $(8,123)
Net loss per share,
basic and diluted $(0.20) $(0.01) $(0.30) $(0.39)
Weighted average shares
outstanding, basic
and diluted 21,382 21,013 21,342 20,822
(1) Certain reclassifications have been made to prior year amounts
to conform with the current year presentation.
Summary Consolidated Balance Sheets
In Thousands
(Unaudited)
September 30, December 31,
2007 2006
ASSETS:
Current assets:
Cash and cash equivalents $17,830 $23,008
Trade accoun
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