Question-and-Answer Session
Operator
(Operator Instructions). And our first question is from the line of Stanley Kovler of Merrill Lynch. Please go ahead.
Stanley Kovler - Merrill Lynch
Thank you. My first question is related to cash flow and interest income. Meir, if you could please provide us with some of the cash flow statistics for the quarter, depreciation in CapEx; that would be great. And I had a question about the increase in the financial income; $2.3 million this quarter. The cash balance was roughly flat, so I am wondering if you can go over where the increase happened. Thank you.
Meir Moshe
Okay. This quarter we actually burned $600,000, mainly due to the increase of our CapEx. This is part of our plan for introducing the new product, and the new lab that Roy mentioned, also, this is part of our investment. As for the financials - first of all, our cash policy is our investment of our cash. This is based on our policy limiting only to higher rated investment, and doesn’t allow investment in creative investment. The financial income generated in the last quarter speaks for itself. That means, that we invested the money very conservatively, all through the year, and this quarter we enjoyed the result of higher rates based on those investments. I believe going forward, we can expect the same financial revenues that we had before like $1.7 million for third quarter.
Stanley Kovler - Merrill Lynch
And I had a follow-up, just on the outlook. You talked about the outlook that your expectations for the quarter are in line with the street. Can you just also remind us specifically on the operating expenses what typically happens in the first quarter, given that you are in the ramp up phase with certain products and also trends in North America?
Meir Moshe
Actually, the expense in the first quarter should remain the same as in the fourth quarter. We have to take into consideration maybe slight increase due to salary review that we make for part of our international teams in this quarter, that's all.
Stanley Kovler - Merrill Lynch
Great. And as you always do can you give us the breakdown of revenue by geography? And that's it from me. Thank you.
Meir Moshe
Yeah. The sales contributed by the US team this quarter is 32%, just to remind you, it's up from 30% a quarter ago, and international of course this is the rest 68%, 31% is EMEA, 37% is APAC.
- To read the full transcript on Seeking Alpha, click here »
