Financials for the quarter
Cytyc Corporation
Consolidated Statements of Operations
(in thousands, except per share data)
Three Months Ended Year -Ended
December 31, December 31,
1999 1998 1999 1998
Net sales $24,733 $14,633 $81,100 $44,264
Cost of sales 4,512 3,539 15,815 11,211
Gross profit 20,221 11,094 65,285 33,053
Operating expenses:
Research and
development 3,546 2,272 13,372 8,419
Sales and marketing 12,354 8,061 44,017 35,332
General and
administrative 2,075 1,147 6,765 8,372
Total operating
expenses 17,975 11,480 64,154 52,123
Income (loss) from
operations 2,246 (386) 1,131 (19,070)
Other income and expense
Interest income 1,005 999 3,790 4,291
Foreign currency
adjustment (258) -- (292) --
Litigation settlement -- 3,050 1,141 3,050
Other income, net 747 4,049 4,639 7,341
Net income (loss)
before taxes 2,993 3,663 5,770 (11,729)
Provision for
income taxes 130 -- 130 --
Net income (loss) $ 2,863 $ 3,663 $5,640 $(11,729)
Basic per share data:
Income (loss)
before tax $0.17 $ 0.21 $0.32 $(0.66)
Net income (loss) $0.16 $ 0.21 $0.32 $(0.66)
Diluted per share data:
Income (loss)
before tax $0.16 $ 0.20 $0.31 $(0.66)
Net income (loss) $0.15 $ 0.20 $0.30 $(0.66)
Shares used in computing
per share data:
Basic 18,025 17,759 17,891 17,643
Diluted 19,171 18,361 18,755 17,643
Cytyc Corporation
Consolidated Balance Sheets
(in thousands)
December 31, December 31,
1999 1998
Assets:
Current assets
Cash and short-term
investments $70,369 $69,908
Accounts receivable, net 22,379 12,548
Inventories 5,427 3,973
Other current assets 783 650
Total current assets 98,958 87,079
Property and equipment, net 10,660 8,825
Other assets 2,711 1,833
Total Assets $112,329 $ 97,737
Liabilities and
Stockholders' Equity:
Current liabilities $17,337 $ 11,930
Stockholders' equity:
Capital stock 170,293 166,609
Accumulated other
comprehensive income (loss) (33) 106
Accumulated deficit (75,268) (80,908)
Total stockholders' equity 94,992 85,807
Total Liabilities and
Stockholders' Equity $ 112,329 $ 97,737
Dec98 was a blowout quarter so I don't
think it it was the best comparison for CYTC.
Jack |
