SST Q4 results look fantastic!
04:28 PM ET 01/18/00
TABLE - SST Q4 results
SUNNYVALE, Calif., Jan. 18 (Reuters) -
Silicon Storage Technology, Inc. and Subsidiary
Condensed Consolidated Statements of Operations
(in thousands except per share data)
Three months ended Year Ended
December 31, December 31,
1999 1998 1999 1998
Revenues:
Product $ 47,508 $ 17,366 $ 118,242 $ 66,875
License 820 717 6,552 2,536
Net revenues 48,328 18,083 124,794 69,411
Costs and expenses:
Cost of revenues 33,707 18,670 94,652 62,703
Research and
development 4,405 3,722 18,199 14,527
Sales and marketing
3,537 2,086 10,576 7,290
General and
administrative 1,277 554 3,800 4,592
Other non-recurring
charge 2,011
42,926 25,032 129,238 89,112
Income (loss) from
operations 5,402 (6,949) (4,444) (19,701)
Interest and other
income 31 276 730 1,574
Interest and other
expense (138) (32) (214) (32)
Income (loss) before
provision for
(benefit from) income
taxes 5,295 (6,705) (3,928) (18,159)
Provision for (benefit
from) income taxes (448) 42 88 (571)
Net income (loss)
5,743 ( 6,747) ( 4,016) ( 17,588)
Net income (loss)
per share - basic 0.23 ( 0.29) ( 0.17) ( 0.77)
Shares used in per
share calculation 24,821 23,039 24,059 22,958
Net income (loss)
per share - diluted 0.21 ( 0.29) ( 0.17) ( 0.77)
Shares used in per
share calculation 27,660 23,039 24,059 22,958 ((Los Angeles newsroom, 213-380-2014)) |
