Westell technologies inc (WSTL)
Income statement / Quarterly
Dec'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'10Jun'10
Revenue

7,159

7,569

9,002

9,705

10,722

10,106

13,037

11,096

13,675

17,232

16,574

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales Revenue, Goods, Net

-

-

-

-

-

-

-

-

-

-

-

14,290

12,746

15,881

13,613

-

-

-

-

-

-

-

-

-

-

-

-

-

8,873

9,854

9,418

-

14,392

20,728

23,201

38,452

37,936

40,715

30,746

Sales Revenue, Services, Net

-

-

-

-

-

-

-

-

-

-

-

1,096

2,237

1,899

1,203

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,353

10,512

Total revenue

-

-

-

-

-

-

-

-

-

-

-

15,386

14,983

17,780

14,816

20,904

20,215

25,514

21,570

18,613

14,043

23,646

27,825

24,421

25,236

29,960

22,456

-

-

-

-

-

-

-

-

-

-

51,068

41,258

Cost of Goods Sold

-

-

-

-

-

-

-

-

-

-

-

8,331

7,807

10,380

9,601

-

-

-

-

-

-

-

-

-

-

-

-

-

5,783

6,405

6,645

-

10,129

14,507

14,835

28,567

28,105

29,380

20,245

Cost of Services

-

-

-

-

-

-

-

-

-

-

-

292

1,122

1,033

650

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,210

5,398

Cost of revenue

4,379

5,990

5,756

6,059

6,132

5,913

7,102

6,047

7,599

9,957

9,807

8,623

8,929

11,413

10,251

13,011

12,252

15,283

13,141

13,947

9,648

15,581

18,141

16,331

13,304

17,938

14,039

-

-

-

-

-

-

-

-

-

-

34,590

25,643

Gross Profit

2,780

1,579

3,246

3,646

4,590

4,193

5,935

5,049

6,076

7,275

6,767

6,763

6,054

6,367

4,565

7,893

7,963

10,231

8,429

4,666

4,395

8,065

9,684

8,090

11,932

12,022

8,417

3,304

3,090

3,449

2,773

-1,678

4,263

6,221

8,366

-372

9,831

16,478

15,615

Operating expenses
Research and development

1,222

1,449

1,556

1,779

1,736

1,843

1,432

1,352

1,542

2,205

2,276

2,349

2,414

3,327

4,277

4,713

4,893

4,625

5,086

4,220

4,353

4,300

4,475

3,494

2,527

2,619

2,699

1,556

1,375

1,480

1,517

-405

1,797

1,991

2,077

1,822

2,950

3,464

3,538

Sales and marketing

1,556

2,259

2,332

2,330

1,999

1,876

2,137

2,012

1,950

1,992

2,336

2,124

1,943

2,896

3,381

4,608

3,900

4,113

3,196

3,343

2,719

2,924

3,421

3,555

3,205

3,485

3,059

1,215

1,862

1,831

1,875

735

1,414

1,695

1,999

-1,051

2,705

4,671

4,488

General and administrative

1,093

1,249

1,364

2,027

1,738

1,400

1,534

1,580

1,502

1,809

1,711

1,651

1,777

2,218

2,345

1,747

2,627

2,493

2,969

5,547

2,797

3,280

3,054

3,827

3,402

3,226

3,572

2,473

2,135

2,123

2,579

1,371

1,707

1,765

2,153

21

2,004

3,249

3,349

Amortization of Intangible Assets

308

308

308

783

830

832

990

1,047

1,047

1,048

1,047

1,151

1,212

1,201

1,200

1,305

1,418

1,432

1,399

1,520

1,562

1,710

1,585

1,301

737

1,229

1,622

235

234

210

208

131

136

138

139

82

137

163

163

Restructuring Charges

234

-

-

-

0

-

-

-

-

165

-

100

490

2,601

-36

731

0

0

17

3,188

0

-2

57

62

38

169

66

0

0

57

92

1

-2

32

245

-

-

0

-

Restructuring Reserve, Accrual Adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-lived assets impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,547

11,450

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of Long-Lived Assets to be Disposed of

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,181

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

4,413

5,265

5,560

11,641

6,303

5,951

6,093

5,991

6,041

7,219

7,370

7,375

7,836

12,243

12,348

13,104

12,838

12,663

12,667

17,818

31,978

23,662

12,592

12,239

9,909

10,728

11,018

8,363

5,606

5,701

6,271

1,833

5,052

5,621

6,613

874

7,796

11,547

11,538

Operating Income (Loss)

-1,633

-3,686

-2,314

-7,995

-1,713

-1,758

-158

-942

35

56

-603

-612

-1,782

-5,876

-7,783

-5,211

-4,875

-2,432

-4,238

-13,152

-27,583

-15,597

-2,908

-4,149

2,023

1,294

-2,601

-5,059

-2,516

-2,252

-3,498

-3,511

-789

600

1,753

-1,246

2,035

4,931

4,077

Gain on CNS asset sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

46

31,608

-

-

-

-

Other Nonoperating Income (Expense)

109

125

164

184

158

165

119

89

79

677

43

94

-15

74

17

107

85

-61

38

-18

-29

-16

61

7

-31

98

-130

41

43

7

84

130

106

77

18

-

-

-

-

Other income (expense), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-24

-28

53

Interest (expense)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37

5

-

-

2

2

1

Income (loss) before income taxes

-1,524

-3,561

-2,150

-7,811

-1,555

-1,593

-39

-853

114

733

-560

-518

-1,797

-5,802

-7,766

-5,104

-4,790

-2,493

-4,200

-13,170

-27,612

-15,613

-2,847

-4,142

1,992

1,392

-2,731

-5,018

-2,473

-2,245

-3,414

-34,993

-720

718

33,379

-

-

-

-

Income before income taxes and discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,009

4,901

4,129

Income tax benefit (expense)

20

0

7

28

1

10

0

63

-685

13

12

38

10

8

2

-27

7

-20

-62

-31

-72

-69

-29

-8,035

38

68

19

32,611

-1,295

-677

-1,247

-11,794

-268

-1,852

13,228

-52,965

-4

138

-473

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

-1,544

-3,561

-

-

-1,556

-1,603

-

-

799

720

-

-

-

-

-

-5,077

-4,797

-2,473

-4,138

-13,139

-27,540

-15,544

-2,818

3,893

1,954

1,324

-2,750

-37,629

-1,178

-1,568

-2,167

-23,199

-452

2,570

20,151

-

2,013

-

-

Gain on sales of discontinued operations, net of tax expense of $25,013

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,980

-

-

-

-

-

-

Income from discontinued operations, net of tax

-

-

-

-

-

-138

-

-

-

-

-

-

-

-

-

1

0

0

272

-

-

0

0

-6

-29

4

-14

-529

-787

-607

427

1,241

274

928

980

-

924

-

-

Net income (loss) (2)

-1,544

-3,561

-2,157

-8,046

-1,556

-1,741

-39

-916

799

720

-572

-556

-1,807

-5,810

-7,768

-5,076

-4,797

-2,473

-3,866

-13,000

-27,540

-15,544

-2,818

3,887

1,925

1,328

-2,764

-38,158

-1,965

-2,175

-1,740

-2,449

19,802

3,498

21,131

55,634

2,937

4,763

4,602

Basic net income (loss) from continuing operations

-0.10

-0.23

-

-

-0.10

-0.10

-

-

0.05

0.05

-

-

-

-

-

-0.08

-0.08

-0.04

-0.07

-0.21

-0.46

-0.26

-0.05

0.08

0.03

0.02

-0.05

-0.63

-0.02

-0.03

-0.03

-0.33

-0.01

0.04

0.29

-

0.03

-

-

Basic net income (loss) from discontinued operations

0.00

0.00

-

-

0.00

-0.01

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

-0.01

-0.01

-0.01

0.01

0.32

0.30

0.01

0.01

-

0.01

-

-

Basic

-0.10

-0.23

-0.14

-0.52

-0.10

-0.11

0.00

-0.06

0.05

0.05

-0.04

-

-0.12

-0.38

-0.51

-0.09

-0.08

-0.04

-0.06

-0.21

-0.46

-0.26

-0.05

0.07

0.03

0.02

-0.05

-0.63

-0.03

-0.04

-0.03

-0.03

0.30

0.05

0.31

0.82

0.04

0.07

0.07

Diluted net income (loss) from continuing operations

-0.10

-0.23

-

-

-0.10

-0.10

-

-

0.05

0.05

-

-

-

-

-

-0.08

-0.08

-0.04

-0.07

-0.21

-0.46

-0.26

-0.05

0.07

0.03

0.02

-0.05

-0.63

-0.02

-0.03

-0.03

-0.33

-0.01

0.04

0.29

0.88

0.03

0.00

0.00

Diluted net income (loss) from discontinued operations

0.00

0.00

-

-

0.00

-0.01

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

-0.01

-0.01

-0.01

0.01

0.32

0.30

0.01

0.01

-

0.01

-

-

Diluted

-0.10

-0.23

-0.14

-0.52

-0.10

-0.11

0.00

-0.06

0.05

0.05

-0.04

-

-0.12

-0.38

-0.51

-0.09

-0.08

-0.04

-0.06

-0.21

-0.46

-0.26

-0.05

0.07

0.03

0.02

-0.05

-0.63

-0.03

-0.04

-0.03

-0.01

0.29

0.05

0.30

0.80

0.04

0.07

0.07

Net income (loss) per share:
Weighted-average number of common shares outstanding:
Basic (shares)

15,575

15,512

15,455

15,329

15,524

15,583

15,632

15,542

15,504

15,461

15,481

15,432

15,391

15,299

15,254

60,848

60,810

60,783

60,703

60,285

60,016

59,924

59,715

59,108

58,834

58,681

58,521

58,153

58,693

60,420

62,510

64,459

66,411

67,416

68,342

68,543

68,280

67,202

67,367

Effect of dilutive securities: restricted stock, restricted stock units, performance stock units and stock options (4)

0

0

0

0

0

0

0

378

251

211

0

0

0

0

0

0

0

0

0

0

0

0

0

2,173

1,816

1,059

0

0

0

0

0

-3,745

921

1,118

1,706

2,526

2,002

1,285

703

Diluted (shares)

15,575

15,512

15,455

15,329

15,524

15,583

15,632

15,920

15,755

15,672

15,481

15,432

15,391

15,299

15,254

60,848

60,810

60,783

60,703

60,285

60,016

59,924

59,715

61,281

60,650

59,740

58,521

58,153

58,693

60,420

62,510

60,714

67,332

68,534

70,048

71,069

70,282

68,487

68,070

Product [Member]
Revenue

-

-

7,815

-

-

-

11,789

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service [Member]
Revenue

-

-

1,168

-

-

-

832

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-