Speed Commerce, Inc.
CIK:0000911650|SEC Filings
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) shares in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
| Net revenue | $ 33,450,000 | $ 38,257,000 | $ 99,152,000 | $ 83,384,000 |
| Cost of revenue | 32,462,000 | 29,200,000 | 84,076,000 | 64,096,000 |
| Gross profit | 988,000 | 9,057,000 | 15,076,000 | 19,288,000 |
| Operating expenses: | ||||
| Selling and marketing | 658,000 | 627,000 | 1,954,000 | 2,392,000 |
| General and administrative | 5,733,000 | 7,470,000 | 15,919,000 | 15,221,000 |
| Information technology | 1,369,000 | 1,223,000 | 4,210,000 | 3,023,000 |
| Depreciation and amortization | 4,655,000 | $ 2,274,000 | 11,260,000 | $ 5,888,000 |
| Goodwill and impairment charge | 54,339,000 | 71,683,000 | ||
| Total operating expenses | 66,754,000 | $ 11,594,000 | 105,026,000 | $ 26,524,000 |
| Loss from operations | (65,766,000) | (2,537,000) | (89,950,000) | (7,236,000) |
| Other income (expense): | ||||
| Interest expense, net | $ (7,195,000) | (1,130,000) | $ (13,328,000) | (2,509,000) |
| Loss on early extinguishment of debt, net | (3,047,000) | (3,863,000) | ||
| Other income | $ 585,000 | (250,000) | $ 2,955,000 | 1,511,000 |
| Loss from continuing operations, before income tax | (72,376,000) | (6,964,000) | (100,323,000) | (12,097,000) |
| Income tax benefit (expense) from continuing operations | 396,000 | (170,000) | 862,000 | (343,000) |
| Net loss from continuing operations | $ (72,229,000) | (7,134,000) | $ (99,461,000) | (12,440,000) |
| Discontinued operations: | ||||
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | (1,792,000) | 2,135,000 | ||
| Loss from discontinued operations, net of tax | $ (249,000) | (476,000) | $ (300,000) | (11,399,000) |
| Net loss | $ (72,229,000) | $ (9,402,000) | $ (99,761,000) | $ (21,704,000) |
| Basic loss per common share: | ||||
| Continuing operations (in dollars per share) | $ (0.81) | $ (0.13) | $ (1.22) | $ (0.25) |
| Discontinued operations (in dollars per share) | (0.03) | (0.14) | ||
| Net loss (in dollars per share) | $ (0.81) | (0.16) | $ (1.22) | (0.39) |
| Diluted loss per common share: | ||||
| Continuing operations (in dollars per share) | $ (0.81) | (0.13) | $ (1.22) | (0.25) |
| Discontinued operations (in dollars per share) | (0.03) | (0.14) | ||
| Net loss (in dollars per share) | $ (0.81) | $ (0.16) | $ (1.22) | $ (0.39) |
| Weighted average shares outstanding: | ||||
| Basic (in shares) | 89,631 | 65,928 | 82,247 | 65,561 |
| Diluted (in shares) | 89,631 | 65,928 | 82,247 | 65,561 |
| Other comprehensive loss: | ||||
| Net unrealized gain (loss) on foreign exchange rate translation | $ 1,000 | $ 153,000 | $ (107,000) | $ (572,000) |
| Comprehensive loss | $ (72,228,000) | $ (9,249,000) | $ (99,868,000) | $ (22,276,000) |