Exhibit 99.2
Ditech Communications Corporation
Consolidated Statements of Operations
(in thousands, except per share amounts)
(unaudited)
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| Three Months Ended |
| Three Months Ended |
| Three Months Ended |
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Revenue |
| $ | 8,314 |
| $ | 9,147 |
| $ | 10,046 |
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Cost of goods sold |
| 3,424 |
| 3,187 |
| 3,641 |
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Gross profit |
| 4,890 |
| 5,960 |
| 6,405 |
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Operating expenses: |
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Sales and marketing |
| 3,233 |
| 3,245 |
| 2,429 |
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Research and development |
| 2,525 |
| 2,201 |
| 2,697 |
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General and administrative |
| 1,377 |
| 1,308 |
| 1,204 |
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Total operating expenses |
| 7,135 |
| 6,754 |
| 6,330 |
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Income (loss) from operations |
| (2,245 | ) | (794 | ) | 75 |
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Other income, net |
| 496 |
| 437 |
| 294 |
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Income (loss) from continuing operations |
| (1,749 | ) | (357 | ) | 369 |
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Discontinued operations: |
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Loss from discontinued operations |
| (17,844 | ) | (3,251 | ) | (4,206 | ) | |||
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Net loss |
| $ | (19,593 | ) | $ | (3,608 | ) | $ | (3,837 | ) |
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Basic and diluted income (loss) per share from continuing operations |
| $ | (0.06 | ) | $ | (0.01 | ) | $ | 0.01 |
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Basic and diluted loss per share from discontinued operations |
| $ | (0.59 | ) | $ | (0.11 | ) | $ | (0.14 | ) |
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Basic and diluted net loss per share |
| $ | (0.65 | ) | $ | (0.12 | ) | $ | (0.13 | ) |
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Weighted shares used in per share calculation: |
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Basic and diluted |
| 30,360 |
| 30,447 |
| 30,456 |
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