| Quarterly Financial Data |
The following table summarizes the unaudited quarterly financial data, including continuing (loss) income before income taxes, net (loss) income, and net (loss) income per common share for the fiscal years ended:
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First
Quarter
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Second
Quarter
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Third
Quarter
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Fourth
Quarter
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June 30,
2014 |
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(In thousands, except per share data) |
Fiscal year ended June 30, 2014 |
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Revenue from oil production |
$ |
2,134 |
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$ |
1,632 |
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$ |
1,907 |
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$ |
1,928 |
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$ |
7,601 |
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Total operating expenses |
$ |
6,591 |
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$ |
5,047 |
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$ |
4,311 |
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$ |
4,000 |
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$ |
19,949 |
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Continuing operations: |
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(Loss) income from continuing operations (1)
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$ |
(4,497 |
) |
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$ |
(3,437 |
) |
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$ |
(2,813 |
) |
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$ |
705 |
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$ |
(10,042 |
) |
Net (loss) income per basic common share outstanding |
$(0.11) |
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$(0.09) |
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$(0.07) |
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$0.01 |
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$(0.26) |
Net (loss) income per diluted common share outstanding |
$(0.11) |
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$(0.09) |
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$(0.07) |
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$0.01 |
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$(0.26) |
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Attributable to common stockholders: |
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Net (loss) income |
$ |
(5,250 |
) |
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$ |
(4,533 |
) |
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$ |
24,089 |
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$ |
(493 |
) |
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$ |
13,813 |
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Net (loss) income per basic common share outstanding |
$(0.12) |
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$(0.10) |
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$0.53 |
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$(0.01) |
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$0.30 |
Net (loss) income per diluted common share outstanding |
$(0.12) |
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$(0.10) |
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$0.53 |
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$(0.01) |
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$0.30 |
(1) A downward revision of the contingent consideration payable during the fourth quarter of fiscal year 2014 resulted in $2.1 million of other income associated with our NP segment, refer Note 7.
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First
Quarter
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Second
Quarter
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Third
Quarter
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Fourth
Quarter
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June 30, 2013 |
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(In thousands, except per share data) |
Fiscal year ended June 30, 2013 |
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Revenue from oil production |
$ |
1,460 |
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$ |
1,442 |
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$ |
1,706 |
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$ |
1,523 |
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$ |
6,131 |
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Total operating expenses |
$ |
6,101 |
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$ |
7,319 |
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$ |
6,515 |
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$ |
4,479 |
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$ |
24,414 |
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Continuing operations: |
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Loss from continuing operations |
$ |
(4,405 |
) |
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$ |
(5,746 |
) |
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$ |
(3,726 |
) |
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$ |
(2,952 |
) |
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$ |
(16,829 |
) |
Net loss per basic common share outstanding |
$(0.08) |
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$(0.11) |
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$(0.08) |
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$(0.08) |
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$(0.35) |
Net loss per diluted common share outstanding |
$(0.08) |
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$(0.11) |
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$(0.08) |
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$(0.08) |
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$(0.35) |
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Attributable to common stockholders: |
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Net loss |
$ |
(5,310 |
) |
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$ |
(9,783 |
) |
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$ |
(4,332 |
) |
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$ |
(1,064 |
) |
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$ |
(20,489 |
) |
Net loss per basic common share outstanding |
$(0.10) |
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$(0.18) |
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$(0.09) |
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$(0.04) |
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$(0.41) |
Net loss per diluted common share outstanding |
$(0.10) |
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$(0.18) |
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$(0.09) |
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$(0.04) |
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$(0.41) |
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