OVTI financial data:
Financial Data
Summary Financial Data
(in thousands, except per share data)
Nine Months
Year Ended Ended
April 30, January 31,
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1997 1998 1999 1999 2000
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Statement of Operations:
Revenues.......................... $ 59 $ 1,476 $ 5,243 $ 2,147 $25,111
Cost of revenues.................. 557 2,652 4,086 1,595 17,698
Reserve for purchase commitments.. -- -- 3,473 -- (3,235)
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Gross profit (loss)............... (498) (1,176) (2,316) 552 10,648
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Operating expenses:
Research and development......... 1,698 3,440 3,290 2,260 2,453
Selling, general and
administrative................. 706 1,323 1,853 1,378 2,126
Stock compensation charge........ 44 206 459 331 1,159
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Total operating expenses........ 2,448 4,969 5,602 3,969 5,738
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Income (loss) from operations..... (2,946) (6,145) (7,918) (3,417) 4,910
Interest income (expense) net..... 108 106 396 267 138
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Net income (loss)................. $(2,838) $(6,039) $(7,522) $(3,150) $ 5,048
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Net income (loss) per share:
Basic............................ $(16.89) $(12.71) $(10.39) $ (4.51) $ 1.75
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Diluted.......................... $(16.89) $(12.71) $(10.39) $ (4.51) $ 0.31
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Shares used in computing net
income (loss) per share:
Basic............................ 168 475 724 699 2,879
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Diluted.......................... 168 475 724 699 16,418
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Pro forma net income (loss) per
share:
Basic............................ $ (0.58) $ 0.33
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Diluted.......................... $ (0.58) $ 0.31
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Shares used in computing pro forma
net income (loss) per share
(unaudited):
Basic............................ 12,951 15,184
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Diluted.......................... 12,951 16,418
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