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Three Months Ended December 31, |
Twelve Months Ended December 31, |
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2009
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2008
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2009
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2008
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(Unaudited) | (Unaudited) | (Unaudited) | (Audited) | |||||||||||||
Operating Revenue
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$ | 31,304 | $ | 20,143 | $ | 97,685 | $ | 74,752 | ||||||||
Operating expenses: | ||||||||||||||||
Cost of services provided | 7,976 | 4,060 | 21,274 | 14,161 | ||||||||||||
Product development | 3,104 | 2,648 | 11,362 | 8,962 | ||||||||||||
Sales and marketing | 1,487 | 1,098 | 5,040 | 4,344 | ||||||||||||
General and administrative | 5,442 | 3,393 | 16,798 | 14,715 | ||||||||||||
Amortization and depreciation | 1,439 | 846 | 3,955 | 3,306 | ||||||||||||
Total operating expenses | 19,448 | 12,045 | 58,429 | 45,488 | ||||||||||||
Operating income | 11,856 | 8,098 | 39,256 | 29,264 | ||||||||||||
Interest income | 52 | 79 | 199 | 475 | ||||||||||||
Interest expense | (279) | (450) | (1,070) | (1,626) | ||||||||||||
Other non-operating income | 89 | — | 89 | — | ||||||||||||
Foreign exchange gain | 464 | 451 | 1,358 | 586 | ||||||||||||
Income before income taxes | 12,182 | 8,178 | 39,832 | 28,699 | ||||||||||||
Income tax expense | (85) | (267 | (1,010) | (1,385) | ||||||||||||
Net income | $ | 12,097 | $ | 7,911 | $ | 38,822 | $ | 27,314 | ||||||||
Basic earnings per common share | $ | 1.07 | $ | 0.80 | $ | 3.71 | $ | 2.78 | ||||||||
Diluted earnings per common share | $ | 0.92 | $ | 0.66 | $ | 3.10 | $ | 2.28 | ||||||||
Basic weighted average shares outstanding | 11,330 | 9,842 | 10,466 | 9,838 | ||||||||||||
Diluted weighted average shares outstanding | 13,198 | 12,290 | 12,671 | 12,260 | ||||||||||||