Higher one holdings, inc. (ONE)
Income statement / Quarterly
Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenue:
Account revenue

-

30,704

-

26,654

-

37,528

31,578

31,468

26,345

41,662

33,306

33,234

25,944

43,363

37,912

35,660

30,033

47,110

37,089

35,800

27,701

41,999

28,221

21,732

Payment transaction revenue

12,694

18,215

16,562

19,055

11,118

17,324

15,579

18,197

9,835

14,620

13,707

14,615

6,086

6,701

5,325

8,342

4,172

5,329

4,745

6,603

3,080

4,305

5,496

2,671

Higher education institution revenue

4,873

6,471

2,589

10,486

4,706

6,416

-4,739

9,929

9,050

9,979

-1,876

9,008

7,725

7,141

6,419

5,946

4,027

4,624

3,918

4,595

3,725

4,376

3,528

2,744

Other revenue

66

161

328

167

34

240

187

181

247

295

314

255

268

175

143

1,279

681

718

706

1,142

561

703

1,321

603

Gross revenue

-

-

-

56,362

-

-

-

59,775

45,477

-

-

57,112

40,023

-

-

-

-

-

-

-

-

-

-

-

Less: allowance for customer restitution

-

-

-

21,880

-

-

-

0

8,750

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales Allowances, Services

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Revenue

17,633

55,551

46,110

34,482

15,858

61,508

42,605

59,775

36,727

66,556

45,451

57,112

40,023

57,380

49,799

51,227

38,913

57,781

41,730

48,140

35,067

51,383

38,566

27,750

Cost of revenue

8,327

25,931

36,362

27,817

7,608

27,747

23,729

28,182

21,102

27,594

21,821

24,999

17,894

22,300

19,977

21,838

17,141

21,324

17,074

19,630

13,423

17,433

14,390

10,399

Gross margin

9,306

29,620

9,748

6,665

8,250

33,761

18,876

31,593

15,625

38,962

23,630

32,113

22,129

35,080

29,822

29,389

21,772

36,457

24,656

28,510

21,644

33,950

24,176

17,351

Operating expenses:
General and administrative

10,428

17,327

19,864

18,098

10,225

17,541

12,807

16,617

16,015

15,711

12,043

16,404

13,576

13,089

12,116

11,902

11,077

11,226

29,057

9,415

9,015

-9,772

-8,278

7,784

Product development

1,100

1,757

2,471

2,040

663

1,405

323

1,555

1,770

2,192

-721

2,822

2,444

1,895

1,850

1,380

1,085

906

1,997

1,158

895

-785

-762

793

Sales and marketing

1,727

2,787

4,598

4,196

1,848

3,267

2,202

4,577

4,705

4,474

2,356

4,884

4,632

3,207

3,289

3,182

2,946

2,867

14,330

4,698

6,701

-5,464

-4,356

5,516

Restructuring charges incurred

-

-

-

334

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs related to merger agreement

1,463

421

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) Related to Litigation Settlement

-

-

-

-

-

-

-

-

-

-

-

-16,320

-

0

-

0

-

-

-

-

-

-

-

-

Merger and acquisition related (income) expenses, net

-

-

-

-

-

-

-

-

-

-

-

-326

-5,011

546

-6,870

1,042

0

0

-

0

-

-

-

-

Total operating expenses

14,718

22,292

33,741

24,668

12,736

22,213

15,332

22,749

22,490

22,377

18,971

40,104

15,641

18,737

10,385

17,506

15,108

14,999

13,342

15,271

16,611

16,021

13,396

14,093

Loss from continuing operations

-5,412

7,328

-

-

-4,486

11,548

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from operations

-

-

-

-18,003

-

-

-

8,844

-6,865

16,585

-

-7,991

6,488

16,343

19,437

11,883

6,664

21,458

11,314

13,239

5,033

17,929

10,780

3,258

Interest income

39

20

19

23

20

20

19

20

34

19

30

19

20

19

22

23

32

32

17

15

11

25

10

2

Interest expense

1,364

603

2,825

1,262

842

1,144

103

828

792

823

140

857

766

629

565

185

108

109

70

66

56

74

84

247

Other income

275

77

1,203

77

78

77

-883

-198

1,681

78

61

406

78

77

78

77

78

77

0

0

1,500

0

0

0

Net loss before income taxes from continuing operations

-6,462

6,822

-

-

-5,230

10,501

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income before income taxes

-

-

-

-19,165

-

-

-

7,838

-5,942

15,859

-

-8,423

5,820

15,810

18,972

11,798

6,666

21,458

11,261

13,188

6,488

17,880

10,706

3,013

Income tax benefit from continuing operations

-1,741

3,053

-8,780

-6,510

-2,100

4,335

1,136

2,922

-2,171

6,149

1,885

-2,929

2,261

6,008

6,860

4,480

2,614

8,070

3,632

4,720

1,734

6,838

4,277

1,183

Loss from continuing operations

-4,721

3,769

-

-

-3,130

6,166

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations:
Income (loss) from operations

-1,762

0

-

-

4,754

1,027

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposal

12,703

-32

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax expense

3,577

-12

-

-

1,621

333

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations

7,364

-20

-

-

3,133

694

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

2,643

3,749

16,651

-12,655

3

6,860

4,112

4,916

-3,771

9,710

6,261

-5,494

3,559

9,802

12,112

7,318

4,052

13,388

7,629

8,468

4,754

11,042

6,429

1,830

Weighted average shares outstanding
Basic

-

-

-

-12,655

-

-

-

4,916

-3,771

9,710

-

-5,494

3,559

9,802

12,112

7,318

4,052

13,388

7,629

8,468

4,754

11,042

6,429

532

Participating securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,298

Diluted

-

-

-

-12,655

-

-

-

4,916

-3,771

9,710

-

-5,494

3,559

9,802

12,112

7,318

4,052

13,388

7,629

8,468

4,754

11,042

6,429

1,830

Basic (in shares)

48,489

47,906

47,804

47,783

47,671

47,355

47,299

47,258

47,198

47,082

46,989

46,907

46,704

46,268

51,002

54,511

54,653

55,343

55,661

55,470

55,117

54,594

53,987

14,518

Diluted (in shares)

49,128

49,145

49,135

47,783

47,951

47,820

48,950

47,710

47,198

48,340

49,879

46,907

48,382

48,303

53,185

57,246

57,717

58,766

59,159

59,789

59,718

59,547

59,154

55,687

Earnings per share of common stock - basic
Continuing operations (in dollars per share)

-0.10

0.08

-

-

-0.07

0.13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income per share (in dollars per share)

0.05

0.08

0.35

-0.26

0.00

0.14

0.09

0.10

-0.08

0.21

0.13

-0.12

0.08

0.21

0.24

0.13

0.07

0.24

0.14

0.15

0.09

0.20

0.12

0.04

Earnings per share of common stock - diluted
Continuing operations (in dollars per share)

-0.10

0.08

-

-

-0.07

0.13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income per share (in dollars per share)

0.05

0.08

0.35

-0.26

0.00

0.14

0.09

0.10

-0.08

0.20

0.14

-0.12

0.07

0.20

0.22

0.13

0.07

0.23

0.13

0.14

0.08

0.19

0.11

0.03

Net income

2,643

3,749

16,651

-12,655

3

6,860

4,112

4,916

-3,771

9,710

6,261

-5,494

3,559

9,802

12,112

7,318

4,052

13,388

7,629

8,468

4,754

11,042

6,429

1,830

Other comprehensive loss
Foreign currency translation adjustment

-11

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive income

2,632

3,749

-

-

3

6,860

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-