Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenue:    
Licensing revenue $ 23,677 $ 0
Equipment revenue 8,709 17,630
Service revenue 9,846 2,079
Total revenue 42,232 19,709
Cost of goods sold and services:    
Cost of goods sold 22,407 14,625
Cost of services 9,763 4,008
Total cost of goods sold and services 32,170 18,633
Gross profit 10,062 1,076
Operating expenses:    
Salaries and wages 8,597 1,937
Selling, general and administrative 18,277 2,076
Depreciation and amortization 1,661 239
Research and development, net 1,193 649
Other operating expenses 2,303 0
Total operating expenses 32,031 4,901
Loss from operations (21,969) (3,825)
Other income (expense):    
Interest income 16 16
Interest expense (192) (3,283)
Change in fair value of derivative financial instruments (4,615) 0
Other income (expense) (44) 0
Total other income (expense) (4,835) (3,267)
Loss before income taxes (26,804) (7,092)
Income tax expense (34) 0
Net loss (26,838) (7,092)
Plus: Net loss attributable to non-controlling interest 39 0
Net loss attributable to Global Eagle Entertainment Inc. stockholders (26,799) (7,092)
Less: Preferred stock dividends (818) (1,376)
Less: Accretion of preferred stock (124) 0
Net loss attributable to Global Eagle Entertainment Inc. common stockholders $ (27,741) $ (8,468)
Basic (in dollars per share) $ (0.64) $ (0.42)
Diluted (in dollars per share) $ (0.64) $ (0.42)
Weighted average common shares outstanding:    
Basic (in shares) 43,345,976 20,352,151
Diluted (in shares) 43,345,976 20,352,151