Don't know but the financials look ok, you may want to take a look at the their website and see if there is anything of interest.
netiq.com
Nine Months
Year Ended June 30, Ended March 31,
------------------------- ----------------
1996 1997 1998 1998 1999
------- ------- ------- ------- -------
(in thousands, except per share data)
Consolidated Statement of
Operations Data:
Revenue.......................... $ -- $ 388 $ 7,070 $ 3,420 $15,109
Gross profit..................... -- 333 6,428 3,058 13,683
Loss from operations............. (1,006) (2,397) (3,373) (3,081) (590)
Net loss......................... (909) (2,281) (3,111) (2,866) (501)
Basic and diluted net loss per
share........................... $ (1.03) $ (1.07) $ (0.89) $ (0.87) $ (0.10)
Shares used to compute basic and
diluted net loss per share...... 881 2,122 3,496 3,299 4,993
Pro forma basic and diluted net
loss per share.................. $ (0.21) $ (0.03)
Shares used to compute pro forma
basic and diluted net loss per
share........................... 14,596 16,093
March 31, 1999
-----------------------------
Pro Forma
Actual Pro Forma As Adjusted
------- --------- -----------
(in thousands)
Consolidated Balance Sheet Data:
Cash and cash equivalents........ $11,565 $ $
Working capital.................. 5,076
Total assets..................... 17,613
Long term obligations,
less current portion........... 241
Total stockholders' equity....... 5,971
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