Telenav, inc. (TNAV)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10
Revenue:
Total revenue

64,496

73,875

66,629

75,944

48,540

50,160

46,252

53,720

46,382

61,399

56,962

80,422

35,065

52,001

42,227

47,754

46,278

45,253

44,061

43,186

42,286

39,780

34,987

34,385

34,471

37,161

44,296

47,062

54,987

47,229

42,522

45,099

54,525

53,166

52,732

42,886

57,110

48,022

51,100

Cost of revenue:
Total cost of revenue

35,523

33,722

36,851

40,778

27,449

28,906

27,542

29,705

24,667

37,876

35,823

50,566

17,667

28,727

23,476

26,772

26,106

24,532

23,387

22,452

20,839

19,533

15,960

15,379

14,239

15,174

16,049

18,462

21,677

17,281

11,693

10,091

14,096

9,945

10,316

7,731

12,739

8,828

8,852

Gross profit

28,973

40,153

29,778

35,166

21,091

21,254

18,710

24,015

21,715

23,523

21,139

29,856

17,398

23,274

18,751

20,982

20,172

20,721

20,674

20,734

21,447

20,247

19,027

19,006

20,232

21,987

28,247

28,600

33,310

29,948

30,829

35,008

40,429

43,221

42,416

35,155

44,371

39,194

42,248

Operating expenses:
Research and development

21,617

19,717

20,663

28,373

19,322

17,766

18,492

21,548

22,018

21,399

20,681

13,981

19,106

16,301

18,018

17,281

16,990

16,653

17,987

17,058

17,384

16,620

16,998

16,020

15,837

14,173

14,543

14,977

16,067

14,298

15,007

14,723

17,251

17,311

16,479

11,878

14,239

13,473

13,027

Sales and marketing

2,166

2,134

1,946

13,787

2,167

1,665

1,703

4,894

5,654

5,136

5,064

5,470

5,980

5,277

5,268

5,272

6,793

6,524

6,998

7,200

6,869

6,710

6,196

8,829

8,853

7,838

7,618

7,683

7,941

7,577

7,234

2,215

7,280

8,383

7,467

-641

6,699

5,804

4,726

General and administrative

6,403

6,428

7,287

7,117

5,523

5,721

5,450

5,219

5,618

5,514

5,211

5,193

5,485

6,872

5,491

6,209

5,521

5,094

6,235

6,014

5,682

5,697

6,213

6,708

6,895

6,702

5,871

6,130

5,259

7,379

5,997

8,570

5,473

5,791

6,250

5,587

5,701

4,723

3,746

Goodwill impairment

-

-

-

-

-

-

-

-

2,700

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Legal settlements and contingencies

0

0

-

-

0

650

-

0

115

60

250

0

0

6,424

0

-

0

750

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

107

-1,468

-

-

422

565

-

3,581

0

283

548

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

30,186

28,279

29,896

51,883

27,012

25,802

25,645

31,661

36,071

32,109

31,206

24,644

30,571

34,874

28,777

28,946

29,411

27,553

31,220

30,435

30,357

29,592

29,407

35,138

31,585

28,996

28,580

30,461

29,267

29,254

28,238

25,508

30,004

31,485

30,196

16,824

26,639

24,000

21,499

Income (loss) from operations

-1,213

11,874

-118

-16,717

-5,921

-4,548

-6,935

-7,646

-14,356

-8,586

-10,067

5,212

-13,173

-11,600

-10,026

-7,964

-9,239

-6,832

-10,546

-9,701

-8,910

-9,345

-10,380

-16,132

-11,353

-7,009

-333

-1,861

4,043

694

2,591

9,500

10,425

11,736

12,220

18,331

17,732

15,194

20,749

Other income, net

1,088

596

561

213

581

532

1,590

433

229

218

-47

-260

142

714

296

48

-610

520

-187

-806

900

870

1,303

229

-344

1,121

282

-95

266

614

422

17

467

508

492

423

305

248

197

Income (loss) from continuing operations before provision for income taxes

-125

12,470

443

-16,504

-5,340

-4,016

-5,345

-7,213

-14,127

-8,368

-10,114

4,952

-13,031

-10,886

-9,730

-7,916

-9,849

-6,312

-10,733

-10,507

-8,010

-8,475

-9,077

-15,903

-11,697

-5,888

-51

-1,956

4,309

1,308

3,013

9,517

10,892

12,244

12,712

18,754

18,037

15,442

20,946

Income Tax Expense (Benefit)

505

205

411

264

194

102

740

389

330

26

255

36

663

537

-395

82

-11

327

113

-2,871

-3,243

-5,752

-1,140

2,078

-4,142

-1,891

-60

-1,077

488

890

792

3,240

3,790

2,001

4,528

7,730

6,872

5,402

8,588

Income (Loss) from Equity Method Investments

-103

797

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent

-733

13,062

32

-

-5,534

-4,118

-6,085

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations:
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent

0

0

832

-

-1,947

-463

-1,485

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax

0

-56

-4,818

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued Operation, Gain (Loss) on Disposal And Operations Of Discontinued Operation, Net of Tax

0

-56

-3,986

-

-1,947

-463

-1,485

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) from continuing operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,821

418

2,221

-

7,102

-

-

-

-

-

-

Income from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33

486

480

-

249

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

-733

13,006

-3,954

-12,856

-7,481

-4,581

-7,570

-7,614

-14,457

-8,394

-10,369

4,916

-13,694

-11,423

-9,335

-7,998

-9,838

-6,639

-10,846

-7,636

-4,767

-2,723

-7,937

-17,981

-7,555

-3,997

9

5,608

3,854

904

2,701

6,630

7,351

10,243

8,184

9,011

11,165

10,040

12,358

Basic income (loss) per share:
Income (loss) from continuing operations per share, basic and diluted (in dollars per share)

-

-

0.00

-

-

-

-0.14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on discontinued operations (in dollars per share)

-

-

-0.08

-

-

-

-0.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss (in dollars per share)

-

-

-0.08

-

-

-

-0.17

-0.17

-0.32

-0.19

-0.24

0.11

-0.31

-0.26

-0.22

-0.19

-0.23

-0.16

-0.27

-

-0.12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Continuing Operations, Per Basic Share

-0.02

0.27

-

-

-0.12

-0.09

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.03

0.10

0.01

0.06

-

0.17

-

-

-

-

-

-

Loss on discontinued operations (in dollars per share)

0.00

0.00

-

-

-0.04

-0.01

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.01

0.01

-

-

-

-

-

-

-

-

Net income (loss) (in dollars per share)

-0.02

0.27

-

-

-0.16

-0.10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.07

-0.20

-

-0.19

-0.10

0.00

0.13

0.10

0.02

0.07

0.15

0.18

0.25

0.20

0.21

0.27

0.24

0.29

Diluted income (loss) per share:
Income (Loss) from Continuing Operations, Per Diluted Share

-0.02

0.27

-

-

-0.12

-0.09

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.02

0.09

0.01

0.05

-

0.16

-

-

-

-

-

-

Loss on discontinued operations (in dollars per share)

0.00

0.00

-

-

-0.04

-0.01

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.01

0.01

-

-

-

-

-

-

-

-

Net income (loss) (in dollars per share)

-0.02

0.27

-

-

-0.16

-0.10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.07

-0.20

-

-0.19

-0.10

0.00

0.14

0.09

0.02

0.06

0.16

0.17

0.23

0.18

0.20

0.25

0.22

0.27

Weighted average shares used in computing income (loss) per share:
Weighted average shares used in computing basic and diluted loss per share (in shares)

-

-

-

-

-

-

-

44,800

44,637

44,476

44,079

43,798

43,528

43,208

42,838

42,582

42,047

41,038

40,601

-

40,140

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Basic

47,902

48,475

47,780

-

45,585

45,443

45,018

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39,916

39,538

-

38,777

38,508

38,811

39,159

39,874

40,895

41,312

41,388

41,454

41,232

41,550

40,711

42,919

42,119

42,151

Weighted Average Number of Shares Outstanding, Diluted

47,902

48,821

49,648

-

45,585

45,443

45,018

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39,916

39,538

-

38,777

38,508

40,215

40,305

41,628

42,768

42,975

43,270

43,579

43,921

45,006

45,330

45,181

44,894

44,939

Stock-based compensation expense included in continuing operations above:
Stock-based compensation expense

1,959

1,478

1,752

-

1,688

1,875

2,048

-

2,246

2,888

2,480

-

2,625

1,988

2,541

-

2,620

3,180

3,087

-

2,632

2,539

3,388

-

2,875

2,663

2,483

-

2,617

2,177

1,420

-

-

-

-

-

-

-

-

Product
Total revenue

52,106

61,543

55,990

44,569

41,723

42,397

39,930

-

34,455

45,907

-

63,372

24,426

37,804

29,423

36,249

33,936

31,160

31,109

29,476

28,915

23,461

18,916

17,400

17,689

18,367

19,291

20,948

24,824

14,542

8,848

6,396

9,758

3,963

4,069

-

-

-

-

Total cost of revenue

27,664

26,434

31,989

25,110

23,532

25,015

23,588

-

19,270

30,356

-

44,998

13,174

22,598

17,761

21,761

20,957

18,364

18,083

16,793

15,475

12,824

10,178

9,564

8,535

9,367

9,309

11,911

12,882

9,103

4,268

3,371

6,445

1,905

1,894

-

-

-

-

Services
Total revenue

12,390

12,332

10,639

31,375

6,817

7,763

6,322

-

11,927

15,492

-

17,050

10,639

14,197

12,804

11,505

12,342

14,093

12,952

13,710

13,371

16,319

16,071

16,985

16,782

18,794

25,005

26,114

30,163

32,687

33,674

38,703

44,767

49,203

48,663

-

-

-

-

Total cost of revenue

7,859

7,288

4,862

15,668

3,917

3,891

3,954

-

5,397

7,520

-

5,568

4,493

6,129

5,715

5,011

5,149

6,168

5,304

5,659

5,364

6,709

5,782

5,815

5,704

5,807

6,740

6,551

8,795

8,178

7,425

6,720

7,651

8,040

8,422

-

-

-

-

Cost of revenue
Stock-based compensation expense

12

13

16

-

19

16

24

-

36

38

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Research and development
Stock-based compensation expense

1,156

623

1,095

-

1,107

1,164

1,251

-

1,249

1,649

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales and marketing
Stock-based compensation expense

250

190

135

-

172

167

166

-

396

481

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative
Stock-based compensation expense

541

652

506

-

390

528

607

-

565

720

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-