Is this company worth $3 Billion in market cap?
DIGITAL ISLAND, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS
(in thousands, except share and per share data)
For the three months ended
June 30, June 30,
---------------------------------
2000 1999
--------------- ---------------
(Unaudited) (Unaudited)
Revenue $ 16,061 $ 3,700
Costs and expenses:
Cost of revenue 32,089 8,055
Sales and marketing 15,895 4,525
Product development 6,192 1,853
General and
administrative 14,101 2,469
Amortization of
intangible assets 53,064 --
Stock compensation
expense 528 1,248
------------ ------------
Total costs and
expenses 121,869 18,150
------------ ------------
Loss from
operations (105,808) (14,450)
------------ ------------
Interest
income, net 5,650 387
------------ ------------
Loss before
income taxes (100,158) (14,063)
Provision for
income taxes 10 --
------------ ------------
Net loss $ (100,168) $ (14,063)
============ ============
Basic and diluted
net loss per share $ (1.51) $ (3.96)
============ ============
Weighted shares
outstanding used in
per share calculation 66,389,483 3,555,232
============ ============
EBITDA (1) $ (42,845) $ (12,327)
============ ============
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