HIGHER ONE HOLDINGS, INC. ONE Income Statement

Higher one holdings, inc. (ONE)

Income statement / TTM

Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenue:
Account revenue
-	0	-	0	-	126,919	131,053	132,781	134,547	134,146	135,847	140,453	142,879	146,968	150,715	149,892	150,032	147,700	142,589	133,721	119,653	0	0	0
Payment transaction revenue
66,526	64,950	64,059	63,076	62,218	60,935	58,231	56,359	52,777	49,028	41,109	32,727	26,454	24,540	23,168	22,588	20,849	19,757	18,733	19,484	15,552	0	0	0
Higher education institution revenue
24,419	24,252	24,197	16,869	16,312	20,656	24,219	27,082	26,161	24,836	21,998	30,293	27,231	23,533	21,016	18,515	17,164	16,862	16,614	16,224	14,373	0	0	0
Other revenue
722	690	769	628	642	855	910	1,037	1,111	1,132	1,012	841	1,865	2,278	2,821	3,384	3,247	3,127	3,112	3,727	3,188	0	0	0
Gross revenue
-	-	-	0	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Less: allowance for customer restitution
-	-	-	0	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales Allowances, Services
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Revenue
153,776	152,001	157,958	154,453	179,746	200,615	205,663	208,509	205,846	209,142	199,966	204,314	198,429	197,319	197,720	189,651	186,564	182,718	176,320	173,156	152,766	0	0	0
Cost of revenue
98,437	97,718	99,534	86,901	87,266	100,760	100,607	98,699	95,516	92,308	87,014	85,170	82,009	81,256	80,280	77,377	75,169	71,451	67,560	64,876	55,645	0	0	0
Gross margin
55,339	54,283	58,424	67,552	92,480	99,855	105,056	109,810	110,330	116,834	112,952	119,144	116,420	116,063	117,440	112,274	111,395	111,267	108,760	108,280	97,121	0	0	0
Operating expenses:
General and administrative
65,717	65,514	65,728	58,671	57,190	62,980	61,150	60,386	60,173	57,734	55,112	55,185	50,683	48,184	46,321	63,262	60,775	58,713	37,715	380	-1,251	0	0	0
Product development
7,368	6,931	6,579	4,431	3,946	5,053	5,840	4,796	6,063	6,737	6,440	9,011	7,569	6,210	5,221	5,368	5,146	4,956	3,265	506	141	0	0	0
Sales and marketing
13,308	13,429	13,909	11,513	11,894	14,751	15,958	16,112	16,419	16,346	15,079	16,012	14,310	12,624	12,284	23,325	24,841	28,596	20,265	1,579	2,397	0	0	0
Restructuring charges incurred
-	-	-	0	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs related to merger agreement
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) Related to Litigation Settlement
-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	0	-	-	-	-	-	-	-	-
Merger and acquisition related (income) expenses, net
-	-	-	-	-	-	-	-	-	-	-	-11,661	-10,293	-5,282	-5,828	1,042	0	0	-	0	-	-	-	-
Total operating expenses
95,419	93,437	93,358	74,949	73,030	82,784	82,948	86,587	103,942	97,093	93,453	84,867	62,269	61,736	57,998	60,955	58,720	60,223	61,245	61,299	60,121	0	0	0
Loss from continuing operations
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from operations
-	-	-	0	-	-	-	0	0	0	-	34,277	54,151	54,327	59,442	51,319	52,675	51,044	47,515	46,981	37,000	0	0	0
Interest income
101	82	82	82	79	93	92	103	102	88	88	80	84	96	109	104	96	75	68	61	48	0	0	0
Interest expense
6,054	5,532	6,073	3,351	2,917	2,867	2,546	2,583	2,612	2,586	2,392	2,817	2,145	1,487	967	472	353	301	266	280	461	0	0	0
Other income
1,632	1,435	1,435	-651	-926	677	678	1,622	2,226	623	622	639	310	310	310	232	155	1,577	1,500	1,500	1,500	0	0	0
Net loss before income taxes from continuing operations
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income before income taxes
-	-	-	0	-	-	-	0	0	0	-	32,179	52,400	53,246	58,894	51,183	52,573	52,395	48,817	48,262	38,087	0	0	0
Income tax benefit from continuing operations
-13,978	-14,337	-13,055	-3,139	6,293	6,222	8,036	8,785	2,934	7,366	7,225	12,200	19,609	19,962	22,024	18,796	19,036	18,156	16,924	17,569	14,032	0	0	0
Loss from continuing operations
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations:
Income (loss) from operations
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposal
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
10,388	7,748	10,859	-1,680	15,891	12,117	14,967	17,116	6,706	14,036	14,128	19,979	32,791	33,284	36,870	32,387	33,537	34,239	31,893	30,693	24,055	0	0	0
Weighted average shares outstanding
Basic
-	-	-	0	-	-	-	0	0	0	-	19,979	32,791	33,284	36,870	32,387	33,537	34,239	31,893	30,693	22,757	0	0	0
Participating securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Diluted
-	-	-	0	-	-	-	0	0	0	-	19,979	32,791	33,284	36,870	32,387	33,537	34,239	31,893	30,693	24,055	0	0	0
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
10,388	7,748	10,859	-1,680	15,891	12,117	14,967	17,116	6,706	14,036	14,128	19,979	32,791	33,284	36,870	32,387	33,537	34,239	31,893	30,693	24,055	0	0	0
Other comprehensive loss
Foreign currency translation adjustment
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-