Third Quarter Results (all comparisons made are against the prior year period, unless otherwise stated):
GAAP Results:
Revenue was $74.2 million, up 7%.
Gross margin was 38.1%, versus 47.5%.
Net loss was ($15.2) million versus a net loss of ($0.6) million.
Net loss per diluted share was ($0.29) versus a ($0.01) net loss per share.
$113.4 million in cash, cash equivalents and short-term investments at the end of the quarter, versus $121.9 million.
Non-GAAP Metrics:
Billings of $76.1 million, up 2%.
Gross margin on billings of 54.9%, versus 44.1%.
Non-GAAP net income of $6.9 million versus $4.9 million.
Non-GAAP income per fully-diluted share of $0.13, versus $0.10.
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