Carefully check out these numbers folks - $100 price target is supported by this growth.
05:01 PM ET 01/18/00
TABLE - Powerwave Technologies Q4 results
IRVINE, Calif., Jan 18 (Reuters) -
(in thousands, except per share amounts)
Three Months Ended Years Ended
(unaudited) (audited)
Jan. 2, Jan. 3, Jan. 2, Jan. 3,
2000 1999 2000 1999
Net Sales $91,130 $40,026 $292,547 $100,231
Cost of Sales 64,244 28,997 210,305 66,056
Gross Profit 26,886 11,029 82,242 34,175
Operating Expenses:
Sales and Marketing
4,570 3,191 15,179 9,533
Research and
Development 7,268 4,627 26,250 13,472
General and
Administrative 3,279 2,002 12,088 5,771
In-Process Research
and Development -- 12,400 -- 12,400
Total Operating
Expenses 15,117 22,220 53,517 41,176
Operating Income
(Loss) 11,769 (11,191) 28,725 (7,001)
Other Income
(Expense) 1,242 (105) 2,846 2,330
Income (Loss) before
Income Taxes 13,011 (11,296) 31,571 (4,671)
Provision (Benefit) for
Income Taxes 4,619 (4,123) 11,306 (1,705)
Net Income (Loss)
8,392 ( 7,173) 20,265 ( 2,966)
Net Income (Loss)
Per Share (basic):
.42 ( .42) 1.02 ( .17)
(diluted):
.40 ( .42) .98 ( .17)
Weighted average common
shares used in computing
per share amounts
(basic): 20,131 17,248 19,493 17,178
(diluted): 21,067 17,248 20,224 17,178
((--Los Angeles bureau + 1 213 380 2014)) |
