WESTELL TECHNOLOGIES INC WSTL Income Statement

Westell technologies inc (WSTL)

Income statement / TTM

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	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	Dec'10	Sep'10	Jun'10
Revenue
33,435	36,998	39,535	43,570	44,961	47,914	55,040	58,577	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales Revenue, Goods, Net
-	-	-	-	-	-	-	-	-	-	-	56,530	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	96,773	120,317	140,304	147,849	0	0	0
Sales Revenue, Services, Net
-	-	-	-	-	-	-	-	-	-	-	6,435	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Total revenue
-	-	-	-	-	-	-	-	-	-	-	62,965	68,483	73,715	81,449	88,203	85,912	79,740	77,872	84,127	89,935	101,128	107,442	102,073	0	0	0	-	-	-	-	-	-	-	-	-	-	0	0
Cost of Goods Sold
-	-	-	-	-	-	-	-	-	-	-	36,119	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	68,038	86,014	100,887	106,297	0	0	0
Cost of Services
-	-	-	-	-	-	-	-	-	-	-	3,097	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Cost of revenue
22,184	23,937	23,860	25,206	25,194	26,661	30,705	33,410	35,986	37,316	38,772	39,216	43,604	46,927	50,797	53,687	54,623	52,019	52,317	57,317	59,701	63,357	65,714	61,612	0	0	0	-	-	-	-	-	-	-	-	-	-	0	0
Gross Profit
11,251	13,061	15,675	18,364	19,767	21,253	24,335	25,167	26,881	26,859	25,951	23,749	24,879	26,788	30,652	34,516	31,289	27,721	25,555	26,810	30,234	37,771	41,728	40,461	35,675	26,833	18,260	12,616	7,634	8,807	11,579	17,172	18,478	24,046	34,303	41,552	0	0	0
Operating expenses
Research and development
6,006	6,520	6,914	6,790	6,363	6,169	6,531	7,375	8,372	9,244	10,366	12,367	14,731	17,210	18,508	19,317	18,824	18,284	17,959	17,348	16,622	14,796	13,115	11,339	9,401	8,249	7,110	5,928	3,967	4,389	4,900	5,460	7,687	8,840	10,313	11,774	0	0	0
Sales and marketing
8,477	8,920	8,537	8,342	8,024	7,975	8,091	8,290	8,402	8,395	9,299	10,344	12,828	14,785	16,002	15,817	14,552	13,371	12,182	12,407	12,619	13,105	13,666	13,304	10,964	9,621	7,967	6,783	6,303	5,855	5,719	5,843	4,057	5,348	8,324	10,813	0	0	0
General and administrative
5,733	6,378	6,529	6,699	6,252	6,016	6,425	6,602	6,673	6,948	7,357	7,991	8,087	8,937	9,212	9,836	13,636	13,806	14,593	14,678	12,958	13,563	13,509	14,027	12,673	11,406	10,303	9,310	8,208	7,780	7,422	6,996	5,646	5,943	7,427	8,623	0	0	0
Amortization of Intangible Assets
1,707	2,229	2,753	3,435	3,699	3,916	4,132	4,189	4,293	4,458	4,611	4,764	4,918	5,124	5,355	5,554	5,769	5,913	6,191	6,377	6,158	5,333	4,852	4,889	3,823	3,320	2,301	887	783	685	613	544	495	496	521	545	0	0	0
Restructuring Charges
0	-	-	-	0	-	-	-	-	0	-	3,155	3,786	3,296	695	748	3,205	3,205	3,203	3,243	117	155	326	335	273	235	123	149	150	148	123	276	0	0	0	-	-	0	-
Restructuring Reserve, Accrual Adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-lived assets impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of Long-Lived Assets to be Disposed of
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
26,879	28,769	29,455	29,988	24,338	24,076	25,344	26,621	28,005	29,800	34,824	39,802	45,531	50,533	50,953	51,272	55,986	75,126	86,125	86,050	80,471	58,402	45,468	43,894	40,018	35,715	30,688	25,941	19,411	18,857	18,777	19,119	18,160	20,904	26,830	31,755	0	0	0
Operating Income (Loss)
-15,628	-15,708	-13,780	-11,624	-4,571	-2,823	-1,009	-1,454	-1,124	-2,941	-8,873	-16,053	-20,652	-23,745	-20,301	-16,756	-24,697	-47,405	-60,570	-59,240	-50,237	-20,631	-3,740	-3,433	-4,343	-8,882	-12,428	-13,325	-11,777	-10,050	-7,198	-1,947	318	3,142	7,473	9,797	0	0	0
Gain on CNS asset sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Other Nonoperating Income (Expense)
582	631	671	626	531	452	964	888	893	799	196	170	183	283	148	169	44	-70	-25	-2	23	21	135	-56	-22	52	-39	175	264	327	397	331	0	0	0	-	-	-	-
Other income (expense), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Interest (expense)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	0
Income (loss) before income taxes
-15,046	-15,077	-13,109	-10,998	-4,040	-2,371	-45	-566	-231	-2,142	-8,677	-15,883	-20,469	-23,462	-20,153	-16,587	-24,653	-47,475	-60,595	-59,242	-50,214	-20,610	-3,605	-3,489	-4,365	-8,830	-12,467	-13,150	-43,125	-41,372	-38,409	-1,616	0	0	0	-	-	-	-
Income before income taxes and discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Income tax benefit (expense)
55	36	46	39	74	-612	-609	-597	-622	73	68	58	-7	-10	-38	-102	-106	-185	-234	-201	-8,205	-8,095	-7,958	-7,910	32,736	31,403	30,658	29,392	-15,013	-13,986	-15,161	-686	-41,857	-41,593	-39,603	-53,304	0	0	0
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent
0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-16,485	-24,547	-47,290	-60,361	-59,041	-42,009	-12,515	4,353	4,421	-37,101	-40,233	-43,125	-42,542	-28,112	-27,386	-23,248	-930	24,282	0	0	-	0	-	-
Gain on sales of discontinued operations, net of tax expense of $25,013
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Income from discontinued operations, net of tax
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	273	0	0	0	-	-	-35	-31	-45	-568	-1,326	-1,937	-1,496	274	1,335	2,870	3,423	3,106	0	0	-	0	-	-
Net income (loss) (2)
-15,308	-15,320	-13,500	-11,382	-4,252	-1,897	564	31	391	-2,215	-8,745	-15,941	-20,461	-23,451	-20,114	-16,212	-24,136	-46,879	-59,950	-58,902	-42,015	-12,550	4,322	4,376	-37,669	-41,559	-45,062	-44,038	-8,329	13,438	19,111	41,982	100,065	83,200	84,465	67,936	0	0	0
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
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service [Member]
Revenue
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-