FISCAL YEARS ENDED MARCH 31,
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1997 1996 1995 1994 1993
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(IN THOUSANDS, EXCEPT PER SHARE
AMOUNTS)
Net revenues........................ $48,262 $55,412 $38,147 $23,332 $13,864
Cost of revenues.................... 16,899 17,897 14,186 8,367 5,323
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Gross profit........................ 31,363 37,515 23,961 14,965 8,541
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Operating expenses:
Research and development.......... 12,652 8,416 6,008 3,299 2,440
Acquisition-related charge........ -- 2,232 -- -- --
Sales and marketing............... 16,517 12,843 8,813 5,407 2,591
General and administrative........ 6,747 5,504 4,184 3,225 2,669
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Total operating expenses............ 35,916 28,995 19,005 11,931 7,700
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Income (loss) from operations....... (4,553) 8,520 4,956 3,034 841
Interest income..................... 1,640 1,493 226 114 197
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Income (loss) from continuing
operations before income taxes..... (2,913) 10,013 5,182 3,148 1,038
Provision (benefit) for income
taxes.............................. (1,238) 3,825 1,879 1,021 368
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Income (loss) from continuing
operations......................... (1,675) 6,188 3,303 2,127 670
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Discontinued operations:
Loss from discontinued operations
(net of income tax benefit of
$251 in fiscal 1994 and $203 in
fiscal 1993)..................... -- -- -- (376) (600)
Gain on disposal of discontinued
operations (net of income tax
expense of $173 in fiscal 1995).. -- -- 303 -- --
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Net income (loss)................... $(1,675) $ 6,188 $ 3,606 $ 1,751 $ 70
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Per share amounts:
Income (loss) from continuing
operations....................... $ (.15) $ .56 $ .37 $ .25 $ .08
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Net income (loss) per share....... $ (.15) $ .56 $ .40 $ .20 $ .01
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Shares used in per share
calculations....................... 11,180 11,051 8,915 8,621 8,061
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