Form S-1/A for COMMAND SYSTEMS INC filed on Mar 3 1998
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SUMMARY CONSOLIDATED FINANCIAL DATA
(IN THOUSANDS, EXCEPT PER SHARE DATA)
YEAR ENDED DECEMBER 31, YEAR ENDED
-------------------------------------------- DECEMBER 31, 1997
1993 1994 1995 1996 1997 PRO FORMA(3)
------- ------- -------- -------- -------- -----------------
STATEMENT OF OPERATIONS
DATA:
Revenue................ $ 6,127 $ 9,272 $ 12,436 $ 17,069 $ 25,057 $ 25,057
Gross profit........... 406 2,382 3,328 4,575 8,084 8,084
Income (loss) from
operations............ (202) 280 315 (597) 829 373
Net income (loss)(1)... (256) 193 221 (423) (497) 425
Pro forma earnings
(loss) per common
share-diluted(2)...... $ 0.01 $ 0.06
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RISKS ASSOCIATED WITH YEAR 2000 SERVICE OFFERING
During 1996, in response to the needs and demands of its customers, the
Company began to offer Year 2000 solutions services. The Company has generated
new contracts for and has commenced work on a number of Year 2000 conversion
projects; however, as of December 31, 1997, the Company had completed only one
Year 2000 project and such services remain in an early stage of marketing and
customer acceptance. The Company has limited experience in developing,
marketing or providing Year 2000 solutions services and, as a result, no
assurance can be given that it will be able to continue to develop such
capabilities, or that such capabilities may be developed in a timely and
profitable manner. Furthermore, no assurance can be made that the Company's
services will achieve market acceptance or that the Company will integrate and
manage additional technical personnel or meet client expectations. See
"Management's Discussion and Analysis of Financial Condition and Results of
Operations--Overview" and "Business--Services."
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