Financial Data
SUMMARY FINANCIAL DATA
YEAR ENDED SEPTEMBER 30,
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1997 1998 1999
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(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
STATEMENT OF OPERATIONS DATA
Sales...................................... $13,894 $16,297 $20,645
Cost of sales.............................. 5,783 7,537 9,076
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Gross profit............................... 8,111 8,760 11,569
Operating expenses:
Selling, general and administrative...... 3,906 4,395 5,905
Research and development................. 1,855 1,873 2,155
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Total operating expenses......... 5,761 6,268 8,060
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Income from operations..................... 2,350 2,492 3,509
Interest and other income (expense), net... 10 249 305
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Income before income taxes................. 2,360 2,741 3,814
Provision for income taxes................. 964 1,122 1,547
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Net income................................. $ 1,396 $ 1,619 $ 2,267
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Earnings per share -- basic and diluted.... $ 0.35 $ 0.40 $ 0.57
Weighted average shares
outstanding as adjusted for
reincorporation -- basic and diluted..... 4,000 4,000 4,000
AS OF SEPTEMBER 30, 1999
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AS
HISTORICAL ADJUSTED(1)
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(IN THOUSANDS)
BALANCE SHEET DATA
Cash and cash equivalents... $ 3,539 $11,684
Working capital............. 10,808 18,953
Total assets................ 15,491 23,636
Stockholders' equity........ 12,753 20,898
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(1) As adjusted to reflect this offering and the application of the net proceeds
therefrom.
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