Fourth quarter fiscal 2013 GAAP net loss includes approximately $1.9 million in tax benefits, $2.0 million in depreciation expense, $2.3 million in amortization of acquired intangible assets, $1.7 million in stock-based compensation costs, and $1.6 million in restructuring charges. Fourth quarter fiscal 2013 adjusted EBITDA (net income before interest income and expense, income taxes, depreciation, amortization of acquired intangible assets, restructuring, impairment of long-lived assets, acquisition costs and other related expenses, fair value adjustments from purchase accounting, and stock-based compensation costs) was $3.8 million, compared to $5.2 million for the preceding quarter and $9.3 million for the prior year's fourth quarter.
Cash flows from operating activities were a net inflow of $4.8 million in the fourth quarter of fiscal 2013, compared to a net inflow of $1.7 million in the third quarter of fiscal 2013 and a net inflow of $4.2 million in the fourth quarter of fiscal 2012. Free cash flow, defined as cash flow from operating activities less capital expenditures, in the fourth quarter of fiscal 2013 was a net inflow of $3.2 million, compared to a net inflow of $1.2 million in the third quarter of fiscal 2013 and a net inflow of $1.2 million in the fourth quarter of fiscal 2012. Cash and cash equivalents as of June 30, 2013 were $39.1 million, an increase of $4.0 million from March 31, 2013, largely due to cash generated by operating activities.
Full Year Fiscal 2013 Results
For fiscal 2013, revenues were $208.8 million, a $36.1 million, or 15%, decrease from fiscal 2012. Revenues from defense customers decreased by $40.9 million, or 18%, over the prior year and revenues from commercial customers increased by $4.8 million, or 32%, over the prior year.Fiscal 2013 GAAP net loss of $13.2 million includes approximately $10.0 million in tax benefits, $8.5 million in depreciation expense, $8.7 million in amortization of acquired intangible assets, $7.9 million in stock-based compensation costs, $7.1 million in restructuring charges, $0.3 million in acquisition costs and other related expenses, and $2.3 million in fair value adjustments from purchase accounting. Excluding the impact of these items, fiscal 2013 adjusted EBITDA was $11.7 million, compared to $48.9 million for the prior year.
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