CATALYST SEMICONDUCTOR, INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
October 31, April 30,
2000 2000
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ASSETS
------
Current assets:
Cash and cash equivalents $23,406 $ 6,205
Accounts receivable, net 16,849 10,727
Inventories 5,311 3,531
Other Assets 424 624
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Total current assets 45,990 21,087
Property and equipment, net 2,349 1,856
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$48,339 $22,943
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LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------
Current liabilities:
Line of credit $ 2,025 $ 2,028
Accounts payable 8,672 6,745
Accrued expenses 5,127 2,522
Deferred gross profit on shipments to
distributors 2,710 880
Current portion of long-term debt and
capital leases 169 203
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Total current liabilities 18,703 12,378
Long-term debt and capital lease
obligations -- 64
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Total liabilities 18,703 12,442
Total stockholders' equity 29,636 10,501
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$48,339 $22,943
======= =======
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
Three Months Ended Six Months Ended
------------------- -------------------
Oct. 31, Oct. 31, Oct. 31, Oct. 31,
2000 1999 2000 1999
-------- -------- -------- --------
Net revenue $ 31,834 $ 10,700 $ 57,275 $ 19,896
Cost of revenues 15,193 5,552 27,579 10,928
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Gross profit 16,641 5,148 29,696 8,968
Research & development 987 698 2,141 1,305
Selling, general and
administration 3,742 2,355 7,030 4,567
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Operating income 11,912 2,095 20,525 3,096
Net interest income
(expense) 161 (141) 191 (289)
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Income before taxes 12,073 1,954 20,716 2,807
Income tax provision 1,650 -- 2,100 --
-----------------------------------------
Net income $ 10,423 $ 1,954 $ 18,616 $ 2,807
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Net income (loss)
per share:
Basic $ 0.63 $ 0.14 $ 1.14 $ 0.20
=========================================
Diluted $ 0.50 $ 0.10 $ 0.90 $ 0.15
=========================================
Weighted average
common shares:
Basic 16,525 14,033 16,344 13,998
=========================================
Diluted 20,786 19,114 20,671 18,484
=========================================
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Contact:
Catalyst Semiconductor, Inc.
Joan Vargas, 408/542-1051
joan.vargas@catsemi.com |
