You may be right Charlie, but the press release
is confusing so I'm still unsure. Note that they
list 3 losses of 0.09/sh and 1 gain of 0.08/sh.
I'd work that out to be a net loss of $0.19/sh
but they list it as a net loss of $0.10/sh.
Here's a reformatted (for clarity) version of
the relevant section of the press release:
+++
Basic and diluted net loss attributable
to holders of Common Stock per share:
Q4FY99 Q4FY98 FY99 FY98
Loss from continuing
operations before
extraordinary item ($ 0.09) ($ 0.26) ($ 1.50) ($ 1.54)
Extraordinary item 0.08 0.12 0.21 ( 0.12)
Discontinued
operations -- ( 0.09) ( 0.49) ( 0.03)
Conversion of
preferred stock ( 0.09) ( 0.04) ( 0.31) ( 0.04)
========= ========= ========= =========
Net loss ($ 0.10) ($ 0.27) ($ 2.09) ($ 1.49)
========= ========= ========= =========
Shares used in
per share
computations:
Basic 64,665 43,465 56,995 43,254
--------- --------- --------- ---------
Diluted 64,665 43,465 56,995 43,254
+++
In fact, none of the "net loss" numbers seem to add up.
At first I thought they just weren't including the
results of discontinued operations in these net results
but that doesn't seem to explain it either.
Perhaps this footnote is relevant:
+++
(A) Excludes revenue from discontinued operations of $1,774 and
$5,248 for the three-months ended December 31, 1999 and 1998,
respectively; and $6,483 and $25,258 for the twelve-months ended
December 31, 1999 and 1998, respectively. |
