Wrong! by the two most agreed upon measures of "making money" WSTL FAILED:
Net Income and Cash Flow from Operations. You are lying or denying the truth:
" Three Months Ended
June 30,
---------------------------------------
1999 2000
---------------- ---------------
(unaudited)
(in thousands, except per share data)
---------------------------------------
<S> <C> <C>
Equipment revenue............................. $ 17,188 $ 98,118
Service revenue............................... 6,971 9,758
---------------- ---------------
Total revenues.............................. 24,159 107,876
Cost of equipment sales....................... 11,890 78,611
Cost of services.............................. 4,764 6,108
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Cost of goods sold.......................... 16,654 84,719
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Gross margin............................... 7,505 23,157
Operating expenses:
Sales and marketing......................... 3,697 7,379
Research and development.................... 3,597 7,438
General and administrative.................. 3,240 5,664
Goodwill amortization....................... - 7,958
---------------- ---------------
Total operating expenses.................. 10,534 28,439
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Operating loss.............................. (3,029) (5,282)
Other expense(income), net.................... 24 (169)
Interest expense.............................. 379 119
---------------- ---------------
Loss before tax benefit....................... (3,432) (5,232)
Benefit for income taxes...................... - -
---------------- ---------------
---------------
Net loss...................................... $(3,432) $(5,232)
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Net loss per basic and diluted common share... $ (0.09) $ (0.08)
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