As predicted, they came out with big numbers, almost...
The Q is as anticipated and should comfort many here.
Pete, you point out well the the receivables, which we guesses were coming. A 97% increase from previous quarter, and a 180% increase from last year stands out like a sore thumb.
Now, let us look once again on the AVNT spin:
FREMONT, Calif., Oct. 14 /PRNewswire/ -- Avant! Corporation (Nasdaq:AVNT - news) today reported record operating results for its third fiscal quarter ended September 30, 1997. For the quarter, the company reported revenue of $38,635,000, $1.6 million above analysts' consensus and an increase of 38% over Q3 1996 revenue of $27,928,000. How much is attributed to acquisitions for this revenue
growth? What are revenues when you exclude these sales, for the purpose of identifying their product sales?
Software license revenue grew 31% in Q3 1997 compared to Q3 1996. For the first nine months of 1997, revenue was $104,332,000, a 35% increase over revenue of $77,293,000 for the first nine months of 1996.
As a result of a write-off of $41,186,000 for in-process research and development costs associated with the COMPASS Design Automation, Inc. acquisition, the company incurred a net loss of $17,274,000 ($0.66 per share) for the quarter, and $2,858,000 ($0.11 per share) for the nine months ended September 30, 1997.
Headlines come out with "RECORD" news. Has the company ever had a net loss of $17,274,000 in a quarter? which is .66cents per share. So better put, the company for the first 9 months has lost
$0.11 per share for the nine months ended Septmenber 30th.
(Just think what they could be if for not the 97% and 180% increases in receivables. Wait, that doesn't match sales growth percentages) |
