(REUTERS) TABLE - MRV Communications <MRVC.O> Q1 results
TABLE - MRV Communications <MRVC.O> Q1 results
CHATSWORTH, Calif., April 26 (Reuters) -
MRV COMMUNICATIONS INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
Three Months Ended
March 31, March 31,
1999 1998
(Unaudited) (Unaudited)
REVENUES, net $ 70,116 $ 60,826
COSTS AND EXPENSES:
Cost of goods sold 46,366 34,005
Research and development
expenses 8,465 5,243
Selling, general and
administrative expenses 15,845 11,600
Purchased technology in progress -- 20,633
Restructuring costs -- 23,194
Operating (loss) income (560) (33,849)
Interest expense related
to convertible notes 1,125 --
Other income (expense), net 1,403 684
Provision (credit) for income
taxes 627 (3,168)
Minority interests -- 224
NET INCOME (LOSS) $ (909) $(30,221)
NET INCOME (LOSS) PER SHARE - BASIC $ (0.03) $ (1.15)
NET INCOME (LOSS) PER SHARE - DILUTED $ (0.03) $ (1.15)
SHARES USED IN PER -
SHARE CALCULATION - BASIC 26,650 26,387
SHARES USED IN PER -
SHARE CALCULATION - DILUTED 26,650 26,387
REUTERS
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