Annual report pursuant to Section 13 and 15(d)

Segment and Geographic information

v2.4.1.9
Segment and Geographic information
12 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Segment and Geographic information

16.

Segment and Geographic information

In the fourth quarter of Fiscal 2015, the Company made certain segment realignments in order to conform to the way the Company manages segment performance. This realignment was driven primarily by the acquisition of Appia on March 6, 2015.  The Company has recast prior period amounts to provide visibility and comparability.  None of these changes impacts the Company’s previously reported consolidated net revenue, gross margin, operating income, net income, or earnings per share.

The Company manages its business in four operating segments: Ignite, IQ, Appia Core, and Content. The four operating segments have been aggregated into two reportable segments: Advertising and Content. Our chief operating decision maker does not evaluate operating segments using asset information.  The Company has considered guidance in Accounting Standards Codification (ASC) 280 in reaching its conclusion with respect to aggregating its operating segments into two reportable segments.  Specifically, the Company has evaluated guidance in ASC 280-10-50-11and determined that aggregation is consistent with the objectives of ASC 280 in that aggregation into two reportable segments allows users of our financial statements to view the Company’s business through the eyes of management based upon the way management reviews performance and makes decisions.  Additional factors that were considered included: whether or not the operating segments have similar economic characteristics, the nature of the products/services under each operating segment, the nature of the production/go to market process, the type and geographic location of our customers, and the distribution of our products/services.

The Company attributes its long-lived assets, which primarily consist of property and equipment, to a country primarily based on the physical location of the assets. Goodwill and intangibles are not included in this allocation.

The following information sets forth segment information on our net sales for the twelve month periods ended March 31, 2015 and 2014, and income (loss) from operations for the periods ended March 31, 2015 and March 31, 2014.

 

 

Content

 

 

Advertising

 

 

Total

 

Twelve Months Ended March 31, 2014

 

 

 

 

 

 

 

 

 

 

 

Revenues

$

23,635

 

 

$

769

 

 

$

24,404

 

Income (loss) from operations

 

(11,969

)

 

 

(3,555

)

 

 

(15,524

)

 

 

 

 

 

 

 

 

 

 

 

 

Twelve Months Ended March 31, 2015

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

22,009

 

 

 

6,243

 

 

 

28,252

 

Income (loss) from operations

$

(10,896

)

 

$

(12,841

)

 

$

(23,737

)

The following information sets forth geographic information on our net sales for the twelve month periods ended March 31, 2015 and 2014, and net property and equipment for the periods ended March 31, 2015 and March 31, 2014. Revenues by geography are based on billing addresses of our customers. The following table sets forth revenues and long-lived assets by geographic area. Our largest customer accounted for 50.6% of gross revenues in the year ended March 31, 2015; and 45.8% in the year ended March 31, 2014.

 

 

Year Ended March 31,

 

 

2015

 

 

2014

 

Revenue

 

 

 

 

 

 

 

North America

$

5,976

 

 

$

167

 

EMEA

 

2,202

 

 

 

4,060

 

APAC

 

20,074

 

 

 

20,107

 

Other Regions

-

 

 

 

70

 

Consolidated revenue

$

28,252

 

 

$

24,404

 

 

 

 

 

 

 

 

 

Property and equipment, net

 

 

 

 

 

 

 

North America

$

289

 

 

$

68

 

EMEA

 

32

 

 

 

70

 

APAC

 

293

 

 

 

327

 

Other Regions

-

 

 

-

 

Consolidated property and equipment, net

$

614

 

 

$

465