Financial Data
Summary financial data
Our summary financial data is presented in the following table to aid you in
your analysis of a potential investment in our Class A common stock. You should
read this data in conjunction with "Management's discussion and analysis of
financial condition and results of operations," our financial statements and
the notes to those financial statements appearing elsewhere in this prospectus.
The pro forma data gives effect to the conversion of our preferred and common
stock into Class B common stock and Class A common stock respectively.
Nine months
Fiscal years ended September 30 ended June 30
------------------------------------- ---------------
1995 1996 1997 1998 1999 1999 2000
Income statement data (In thousands, except per share data)
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Revenue................. $5,488 $6,747 $10,126 $19,620 $36,036 $23,325 $69,061
Cost of revenue......... 3,085 3,726 5,797 11,086 20,860 13,991 34,584
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Gross profit............ 2,403 3,021 4,329 8,534 15,176 9,334 34,477
Total operating
expenses.............. 1,315 1,562 1,397 2,490 3,563 2,403 6,418
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Income from operations.. 1,088 1,459 2,932 6,044 11,613 6,931 28,059
Other income (expenses),
net................... 58 60 62 119 116 122 137
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Income before income
taxes................. 1,146 1,519 2,994 6,163 11,729 7,053 28,196
Income taxes............ 503 529 1,205 2,492 4,693 2,901 11,490
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Net income.............. $ 643 $ 990 $ 1,789 $ 3,671 $ 7,036 $ 4,152 $16,706
====== ====== ======= ======= ======= ======= =======
Earnings per share
Basic................. $ 0.02 $ 0.04 $ 0.06 $ 0.13 $ 0.26 $ 0.15 $ 0.61
Diluted............... $ 0.01 $ 0.03 $ 0.02 $ 0.04 $ 0.07 $ 0.04 $ 0.16
Pro forma basic....... $ 0.08 $ 0.18
Pro forma diluted..... $ 0.07 $ 0.16
Shares outstanding
Basic................. 27,221 27,247 27,321 27,321 27,348 27,330 27,439
Diluted............... 99,586 99,788 99,842 100,494 102,572 100,845 103,302
Pro forma basic....... 93,348 93,439
Pro forma diluted..... 102,572 103,302
Pro forma
Actual Pro forma as adjusted (1)
Balance sheet data (In thousands)
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Cash and cash equivalents.... $ 2,801 $ 2,801 $
Working capital.............. 26,866 26,866
Total assets................. 49,040 49,040
Long-term portion of debt.... 2,414 2,414
Total stockholders' equity... 31,899 31,899
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(1) Adjusted to reflect the sale of shares of Class A common stock in
this offering, at an assumed public offering price of $ per share
after deducting the estimated underwriting discount and offering expenses,
and our receipt of the net proceeds. See "Use of proceeds" and
"Capitalization." |
