2014 Q4 Form 10-Q Financial Statement
#000119312514403325 Filed on November 07, 2014
Income Statement
Concept | 2014 Q4 | 2014 Q3 | 2013 Q3 |
---|---|---|---|
Revenue | $55.36M | $44.33M | $92.67M |
YoY Change | -15.27% | -52.17% | 30.49% |
Cost Of Revenue | $42.90M | $33.84M | $72.29M |
YoY Change | -19.51% | -53.18% | 28.24% |
Gross Profit | $12.51M | $10.49M | $20.38M |
YoY Change | 3.88% | -48.56% | 39.17% |
Gross Profit Margin | 22.59% | 23.65% | 21.99% |
Selling, General & Admin | $6.500M | $6.171M | $10.26M |
YoY Change | -34.34% | -39.84% | -7.53% |
% of Gross Profit | 51.98% | 58.85% | 50.32% |
Research & Development | $10.20M | $7.006M | $12.44M |
YoY Change | 13.33% | -43.67% | -15.36% |
% of Gross Profit | 81.56% | 66.81% | 61.02% |
Depreciation & Amortization | $1.520M | $1.850M | $2.230M |
YoY Change | -30.28% | -17.04% | -19.78% |
% of Gross Profit | 12.15% | 17.64% | 10.94% |
Operating Expenses | $16.70M | $14.38M | $25.25M |
YoY Change | -12.57% | -43.03% | -45.7% |
Operating Profit | -$4.194M | -$3.896M | -$4.864M |
YoY Change | -40.6% | -19.9% | -84.73% |
Interest Expense | -$100.0K | -$63.00K | $31.00K |
YoY Change | -303.23% | -56.94% | |
% of Operating Profit | |||
Other Income/Expense, Net | $1.500M | -$61.00K | $59.00K |
YoY Change | -1600.0% | -203.39% | -231.11% |
Pretax Income | -$4.000M | -$8.808M | -$4.774M |
YoY Change | -81.48% | 84.5% | -85.0% |
Income Tax | $100.0K | $24.00K | $319.0K |
% Of Pretax Income | |||
Net Earnings | -$4.446M | -$8.832M | -$5.093M |
YoY Change | -79.13% | 73.41% | -84.05% |
Net Earnings / Revenue | -8.03% | -19.92% | -5.5% |
Basic Earnings Per Share | -$0.10 | -$0.23 | |
Diluted Earnings Per Share | -$0.13 | -$0.23 | -$149.6K |
COMMON SHARES | |||
Basic Shares Outstanding | 44.64M shares | 36.84M shares | 34.07M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2014 Q4 | 2014 Q3 | 2013 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $17.90M | $25.30M | $40.10M |
YoY Change | -8.21% | -36.91% | -28.77% |
Cash & Equivalents | $17.85M | $20.16M | $18.14M |
Short-Term Investments | $0.00 | $5.100M | $22.00M |
Other Short-Term Assets | $7.900M | $4.100M | $9.800M |
YoY Change | -5.95% | -58.16% | 44.12% |
Inventory | $37.80M | $28.14M | $27.03M |
Prepaid Expenses | |||
Receivables | $24.21M | $27.26M | $47.54M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $87.78M | $84.78M | $124.5M |
YoY Change | -8.21% | -31.93% | -10.97% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $5.279M | $5.778M | $11.90M |
YoY Change | -46.68% | -51.42% | -20.17% |
Goodwill | $0.00 | $0.00 | |
YoY Change | |||
Intangibles | $1.493M | $1.527M | $2.383M |
YoY Change | -29.94% | -35.92% | |
Long-Term Investments | $0.00 | $300.0K | $5.300M |
YoY Change | -100.0% | -94.34% | -14.52% |
Other Assets | $467.0K | $622.0K | $280.0K |
YoY Change | 29.36% | 122.14% | -81.33% |
Total Long-Term Assets | $7.239M | $8.269M | $19.94M |
YoY Change | -54.29% | -58.54% | -22.4% |
TOTAL ASSETS | |||
Total Short-Term Assets | $87.78M | $84.78M | $124.5M |
Total Long-Term Assets | $7.239M | $8.269M | $19.94M |
Total Assets | $95.02M | $93.05M | $144.5M |
YoY Change | -14.75% | -35.61% | -12.75% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $34.54M | $29.88M | $46.51M |
YoY Change | 40.76% | -35.75% | 19.56% |
Accrued Expenses | $23.84M | $20.71M | $27.96M |
YoY Change | 2.46% | -25.92% | 10.95% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $2.400M |
YoY Change | -100.0% | -100.0% | |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $58.38M | $50.60M | $76.91M |
YoY Change | 6.73% | -34.21% | 19.98% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $932.0K | $1.615M | $1.932M |
YoY Change | -49.57% | -16.41% | -49.16% |
Total Long-Term Liabilities | $932.0K | $1.615M | $1.932M |
YoY Change | -49.57% | -16.41% | -49.16% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $58.38M | $50.60M | $76.91M |
Total Long-Term Liabilities | $932.0K | $1.615M | $1.932M |
Total Liabilities | $64.47M | $66.94M | $78.84M |
YoY Change | -3.12% | -15.09% | 16.11% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$411.2M | -$406.7M | -$350.2M |
YoY Change | 10.68% | 16.14% | |
Common Stock | $46.00K | $44.00K | $34.00K |
YoY Change | 35.29% | 29.41% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $25.00M | $25.00M | $25.00M |
YoY Change | 0.0% | 0.0% | |
Treasury Stock Shares | 2.436M shares | 2.436M shares | 2.436M shares |
Shareholders Equity | $30.55M | $25.16M | $65.65M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $95.02M | $93.05M | $144.5M |
YoY Change | -14.75% | -35.61% | -12.75% |
Cashflow Statement
Concept | 2014 Q4 | 2014 Q3 | 2013 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$4.446M | -$8.832M | -$5.093M |
YoY Change | -79.13% | 73.41% | -84.05% |
Depreciation, Depletion And Amortization | $1.520M | $1.850M | $2.230M |
YoY Change | -30.28% | -17.04% | -19.78% |
Cash From Operating Activities | -$6.790M | -$10.52M | -$10.68M |
YoY Change | -69.76% | -1.5% | -1850.82% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$520.0K | -$420.0K | -$1.320M |
YoY Change | -1400.0% | -68.18% | 206.98% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $5.360M | $8.140M | $4.630M |
YoY Change | -25.03% | 75.81% | 320.91% |
Cash From Investing Activities | $4.830M | $7.720M | $3.320M |
YoY Change | -32.64% | 132.53% | 395.52% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -310.0K | 14.07M | 620.0K |
YoY Change | -444.44% | 2169.35% | -513.33% |
NET CHANGE | |||
Cash From Operating Activities | -6.790M | -10.52M | -10.68M |
Cash From Investing Activities | 4.830M | 7.720M | 3.320M |
Cash From Financing Activities | -310.0K | 14.07M | 620.0K |
Net Change In Cash | -2.270M | 11.27M | -6.740M |
YoY Change | -85.06% | -267.21% | -696.46% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$6.790M | -$10.52M | -$10.68M |
Capital Expenditures | -$520.0K | -$420.0K | -$1.320M |
Free Cash Flow | -$6.270M | -$10.10M | -$9.360M |
YoY Change | -72.12% | 7.91% | -1000.0% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2014Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
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Product Warranty Accrual
ProductWarrantyAccrual
|
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CY2013Q3 | us-gaap |
Product Warranty Accrual
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|
2355000 | |
CY2013Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
18138000 | |
CY2014Q2 | us-gaap |
Product Warranty Accrual
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|
1580000 | |
CY2014Q2 | us-gaap |
Loss Contingency Accrual Carrying Value Current
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4300000 | |
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Common Stock Shares Outstanding
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Common Stock Shares Issued
CommonStockSharesIssued
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CY2014Q3 | us-gaap |
Preferred Stock Shares Authorized
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Common Stock Par Or Stated Value Per Share
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0.001 | |
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|
20714000 | |
CY2014Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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67403000 | |
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CY2014Q3 | us-gaap |
Lines Of Credit Current
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Additional Paid In Capital
AdditionalPaidInCapital
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Accounts Payable Current
AccountsPayableCurrent
|
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Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
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50161000 | |
CY2014Q3 | us-gaap |
Accrued Professional Fees Current
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1392000 | |
CY2014Q3 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
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Deferred Tax Assets Valuation Allowance
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CY2014Q3 | us-gaap |
Liabilities Current
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CY2014Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2014Q3 | us-gaap |
Product Warranty Accrual
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|
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Stockholders Equity
StockholdersEquity
|
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Deferred Revenue
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Finite Lived Intangible Assets Accumulated Amortization
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Liabilities
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Commitments And Contingencies
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Assets
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Inventory Raw Materials
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3830000 | |
CY2014Q3 | us-gaap |
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27257000 | |
CY2014Q3 | us-gaap |
Inventory Net
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Prepaid Expense And Other Assets Current
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561000 | |
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100000 | |
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25000000 | |
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Inventory Finished Goods
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224000 | |
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Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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Cash Equivalents And Marketable Securities Held At Bank
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|
2600000 | |
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Market Development Fund And Price Protection
MarketDevelopmentFundAndPriceProtection
|
2416000 | |
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Intangible Assets Impaired Accumulated Impairment Loss
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|
29749000 | |
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Acquired Intangible Assets Accumulated Amortization
AcquiredIntangibleAssetsAccumulatedAmortization
|
13729000 | |
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Availableforsale Securities Gross Unrealized Gain Loss Accumulated In Aoci
AvailableforsaleSecuritiesGrossUnrealizedGainLossAccumulatedInAoci
|
5000 | |
CY2014Q3 | mifi |
Available For Sale Securities Gross Unrealized Gain Accumulated In Investment
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Product Warranty Accrual
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|
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Common Stock Shares Outstanding
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|
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|
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CommonStockSharesAuthorized
|
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|
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|
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CY2013Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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62334000 | |
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4248000 | |
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Additional Paid In Capital
AdditionalPaidInCapital
|
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Accounts Payable Current
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|
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Stockholders Equity Before Treasury Stock
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|
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CY2013Q4 | us-gaap |
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|
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CY2013Q4 | us-gaap |
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|
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CY2013Q4 | us-gaap |
Liabilities Current
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|
54701000 | |
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|
5000 | |
CY2013Q4 | us-gaap |
Product Warranty Accrual
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|
2244000 | |
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|
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|
1848000 | |
CY2013Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
44916000 | |
CY2013Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
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|
2449000 | |
CY2013Q4 | us-gaap |
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|
4243000 | |
CY2013Q4 | us-gaap |
Deferred Revenue
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|
2999000 | |
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CY2013Q4 | us-gaap |
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10752000 | |
CY2013Q4 | us-gaap |
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CY2013Q4 | us-gaap |
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|
111465000 | |
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Liabilities
Liabilities
|
66549000 | |
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Loss Contingency Accrual Carrying Value Current
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|
4326000 | |
CY2013Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
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CY2013Q4 | us-gaap |
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CY2013Q4 | us-gaap |
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22616000 | |
CY2013Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
2131000 | |
CY2013Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
280000 | |
CY2013Q4 | us-gaap |
Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
|
3443000 | |
CY2013Q4 | us-gaap |
Marketable Securities Restricted Current
MarketableSecuritiesRestrictedCurrent
|
2566000 | |
CY2013Q4 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
81000 | |
CY2013Q4 | us-gaap |
Assets
Assets
|
111465000 | |
CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2911000 | |
CY2013Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
6923000 | |
CY2013Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
39985000 | |
CY2013Q4 | us-gaap |
Inventory Net
InventoryNet
|
27793000 | |
CY2013Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
2019000 | |
CY2013Q4 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
22621000 | |
CY2013Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
42520000 | |
CY2013Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
5662000 | |
CY2013Q4 | us-gaap |
Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
|
100000 | |
CY2013Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
25000000 | |
CY2013Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
20870000 | |
CY2013Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
9901000 | |
CY2013Q4 | mifi |
Market Development Fund And Price Protection
MarketDevelopmentFundAndPriceProtection
|
3059000 | |
CY2013Q4 | mifi |
Intangible Assets Impaired Accumulated Impairment Loss
IntangibleAssetsImpairedAccumulatedImpairmentLoss
|
29749000 | |
CY2013Q4 | mifi |
Consideration For Litigation Settlement Paid By Companys Insurers
ConsiderationForLitigationSettlementPaidByCompanysInsurers
|
1700000 | |
CY2013Q4 | mifi |
Acquired Intangible Assets Accumulated Amortization
AcquiredIntangibleAssetsAccumulatedAmortization
|
12983000 | |
CY2013Q4 | mifi |
Available For Sale Securities Gross Unrealized Gain Accumulated In Investment
AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInInvestment
|
5000 | |
CY2013Q4 | mifi |
Available For Sale Securities Gross Unrealized Loss Accumulated In Investment
AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestment
|
0 | |
CY2014Q2 | mifi |
Amount For Share Price Fluctuation Related To Litigation Settlement
AmountForSharePriceFluctuationRelatedToLitigationSettlement
|
725000 | |
CY2014Q2 | mifi |
Probable Relief On Additional Cash Payment
ProbableReliefOnAdditionalCashPayment
|
725000 | |
CY2014Q2 | mifi |
Asserted Claims Not Accrued In Financial
AssertedClaimsNotAccruedInFinancial
|
725000 | |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
33902000 | shares | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-4182000 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.65 | ||
us-gaap |
Interest Paid Net
InterestPaidNet
|
31000 | ||
us-gaap |
Revenues
Revenues
|
269718000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
2169000 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-22131000 | ||
us-gaap |
Gross Profit
GrossProfit
|
56255000 | ||
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
22238000 | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
59000 | ||
us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
10969000 | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-83000 | ||
us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
4086000 | ||
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
109000 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-21793000 | ||
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
0 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-21767000 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
5895000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-22107000 | ||
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-8922000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
5048000 | ||
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-24000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
273000 | ||
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
0 | ||
us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
0 | ||
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
19209000 | ||
us-gaap |
Inventory Write Down
InventoryWriteDown
|
3069000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
1916000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2848000 | ||
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
1005000 | ||
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
6774000 | ||
us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
13400000 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
2094000 | ||
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
16739000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
4445000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
2832000 | ||
us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
4060000 | ||
us-gaap |
Cost Of Revenue
CostOfRevenue
|
213463000 | ||
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
39267000 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
-515000 | ||
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
422000 | ||
us-gaap |
Restructuring Charges
RestructuringCharges
|
2411000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2848000 | ||
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
31731000 | ||
us-gaap |
Operating Expenses
OperatingExpenses
|
78048000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
340000 | ||
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-85000 | ||
mifi |
Non Cash Income Tax Expense Benefit
NonCashIncomeTaxExpenseBenefit
|
-266000 | ||
mifi |
Building Rent Incentives To Fund Leasehold Improvements
BuildingRentIncentivesToFundLeaseholdImprovements
|
359000 | ||
mifi |
Non Cash Financing Activities Derivative Liabilities
NonCashFinancingActivitiesDerivativeLiabilities
|
0 | ||
mifi |
Non Cash Financing Activities Fair Value Adjustment Of Warrants
NonCashFinancingActivitiesFairValueAdjustmentOfWarrants
|
0 | ||
mifi |
Issuance Of Common Stock For Settlement Of Shareholder Litigation
IssuanceOfCommonStockForSettlementOfShareholderLitigation
|
0 | ||
mifi |
Acquisition Of Common Stock From Anti Dilutive Securities
AcquisitionOfCommonStockFromAntiDilutiveSecurities
|
5885100 | shares | |
dei |
Trading Symbol
TradingSymbol
|
MIFI | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
NOVATEL WIRELESS INC | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-09-30 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001022652 | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
us-gaap |
Convertible Preferred Stock Terms Of Conversion
ConvertiblePreferredStockTermsOfConversion
|
Each share of Series C Preferred Stock is initially convertible into ten shares of common stock | ||
us-gaap |
Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
|
62000 | ||
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
35568000 | shares | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-9484000 | ||
us-gaap |
Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
|
0.01 | pure | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.99 | ||
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | Segments | |
us-gaap |
Standard Product Warranty Description
StandardProductWarrantyDescription
|
One to three years of warranty coverage for products following the date of purchase | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
11309000 | shares | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-LEFT: 8%; MARGIN-TOP: 18px"> <font style="FONT-FAMILY: Times New Roman" size="2"><i>Use of Estimates</i></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 8%"> <font style="FONT-FAMILY: Times New Roman" size="2">The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses, and disclosure of contingent liabilities. Actual results could differ materially from these estimates. Significant estimates include allowance for doubtful accounts receivable, provision for excess and obsolete inventory, valuation of intangible and long-lived assets, fair value of warrant liability, litigation and restructuring related accruals, provision for warranty costs, income taxes, share-based compensation expense and best estimate of selling price in a multiple element arrangement.</font></p> </div> | ||
us-gaap |
Interest Paid Net
InterestPaidNet
|
80000 | ||
us-gaap |
Revenues
Revenues
|
129884000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1300000 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-35233000 | ||
us-gaap |
Gross Profit
GrossProfit
|
24541000 | ||
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
1255000 | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
83000 | ||
us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
2566000 | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-118000 | ||
us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
1078000 | ||
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-28000 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-30221000 | ||
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
143000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-35155000 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-11600000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-35228000 | ||
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
3379000 | ||
us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
2739000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1513000 | ||
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-5000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-4790000 | ||
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
4788000 | ||
us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
14163000 | ||
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
12881000 | ||
us-gaap |
Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
|
12300000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1616000 | ||
us-gaap |
Inventory Write Down
InventoryWriteDown
|
3033000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
11222000 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
17252000 | ||
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
9816000 | ||
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
187000 | ||
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
5889000 | ||
us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
0 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
15602000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
5500000 | ||
us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
1998000 | ||
us-gaap |
Cost Of Revenue
CostOfRevenue
|
105343000 | ||
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
24164000 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
-375000 | ||
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
421000 | ||
us-gaap |
Restructuring Charges
RestructuringCharges
|
7480000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1616000 | ||
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
18513000 | ||
us-gaap |
Operating Expenses
OperatingExpenses
|
54762000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
73000 | ||
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-88000 | ||
mifi |
Non Cash Income Tax Expense Benefit
NonCashIncomeTaxExpenseBenefit
|
0 | ||
mifi |
Income Tax Interest Benefit On Uncertain Tax Positions
IncomeTaxInterestBenefitOnUncertainTaxPositions
|
0 | ||
mifi |
Building Rent Incentives To Fund Leasehold Improvements
BuildingRentIncentivesToFundLeaseholdImprovements
|
0 | ||
mifi |
Internal Revenue Code Ownership Percentage Change
InternalRevenueCodeOwnershipPercentageChange
|
0.50 | pure | |
mifi |
Uncertain Income Tax Position Unrecognized
UncertainIncomeTaxPositionUnrecognized
|
Less than a 50% likelihood | ||
mifi |
Additions To Restructuring Reserve
AdditionsToRestructuringReserve
|
7479000 | ||
mifi |
Internal Revenue Code Ownership Percentage Change Description
InternalRevenueCodeOwnershipPercentageChangeDescription
|
Annual use of the Company's net operating loss and research and development credit carryforwards may be limited in the event a cumulative change in ownership of more than 50% occurs within a three-year period. | ||
mifi |
Restructuring Charges For Shared Based Compensation Acceleration For Termination Of Chief Executive Officer
RestructuringChargesForSharedBasedCompensationAccelerationForTerminationOfChiefExecutiveOfficer
|
1298000 | ||
mifi |
Non Cash Financing Activities Derivative Liabilities
NonCashFinancingActivitiesDerivativeLiabilities
|
4939000 | ||
mifi |
Non Cash Financing Activities Fair Value Adjustment Of Warrants
NonCashFinancingActivitiesFairValueAdjustmentOfWarrants
|
4788000 | ||
mifi |
Issuance Of Common Stock For Settlement Of Shareholder Litigation
IssuanceOfCommonStockForSettlementOfShareholderLitigation
|
5000000 | ||
mifi |
Acquisition Of Common Stock From Anti Dilutive Securities
AcquisitionOfCommonStockFromAntiDilutiveSecurities
|
5313009 | shares | |
CY2013 | us-gaap |
Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
|
62000 | |
CY2013 | us-gaap |
Loss Contingency Damages Paid Value
LossContingencyDamagesPaidValue
|
5000000 | |
CY2013 | mifi |
Legal Settlements Promissory Notes Issued Amount
LegalSettlementsPromissoryNotesIssuedAmount
|
5000000 | |
CY2013 | mifi |
Legal Settlements Shares Issued Value
LegalSettlementsSharesIssuedValue
|
5000000 | |
CY2013 | mifi |
Loss Contingency Damages Paid Net Of Portion Paid By Companys Insurers
LossContingencyDamagesPaidNetOfPortionPaidByCompanysInsurers
|
4300000 | |
CY2013Q3 | us-gaap |
Revenues
Revenues
|
92673000 | |
CY2013Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
34070000 | shares |
CY2013Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.15 | |
CY2013Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-5079000 | |
CY2013Q3 | us-gaap |
Gross Profit
GrossProfit
|
20383000 | |
CY2013Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
59000 | |
CY2013Q3 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
722000 | |
CY2013Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
31000 | |
CY2013Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-4864000 | |
CY2013Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-4774000 | |
CY2013Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5093000 | |
CY2013Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
14000 | |
CY2013Q3 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
0 | |
CY2013Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
5128000 | |
CY2013Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
5129000 | |
CY2013Q3 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
818000 | |
CY2013Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
72290000 | |
CY2013Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
12438000 | |
CY2013Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
141000 | |
CY2013Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
2411000 | |
CY2013Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
959000 | |
CY2013Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
25247000 | |
CY2013Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
319000 | |
CY2013Q3 | mifi |
Acquisition Of Common Stock From Anti Dilutive Securities
AcquisitionOfCommonStockFromAntiDilutiveSecurities
|
5668752 | shares |
CY2014Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
38167000 | shares |
CY2014Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.23 | |
CY2014Q3 | us-gaap |
Revenues
Revenues
|
44330000 | |
CY2014Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-8837000 | |
CY2014Q3 | us-gaap |
Gross Profit
GrossProfit
|
10486000 | |
CY2014Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-61000 | |
CY2014Q3 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
317000 | |
CY2014Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-63000 | |
CY2014Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3896000 | |
CY2014Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-8808000 | |
CY2014Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8832000 | |
CY2014Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-5000 | |
CY2014Q3 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
4788000 | |
CY2014Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3381000 | |
CY2014Q3 | us-gaap |
Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
|
3200000 | |
CY2014Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
2790000 | |
CY2014Q3 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
573000 | |
CY2014Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
33844000 | |
CY2014Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
7006000 | |
CY2014Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
141000 | |
CY2014Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
14382000 | |
CY2014Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
1064000 | |
CY2014Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
377000 | |
CY2014Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
24000 | |
CY2014Q3 | mifi |
Income Tax Interest Benefit On Uncertain Tax Positions
IncomeTaxInterestBenefitOnUncertainTaxPositions
|
0 | |
CY2014Q3 | mifi |
Acquisition Of Common Stock From Anti Dilutive Securities
AcquisitionOfCommonStockFromAntiDilutiveSecurities
|
4761066 | shares |