"PVSW Third-Quarter Results" (2-2)
Pervasive Software Inc.
Condensed Consolidated Statements of Operations
(in thousands, except per share data)
(Unaudited)
Three months ended Nine months ended
March 31, March 31,
--------------------- ---------------------
2001 2000 2001 2000
--------- ---------- --------- ---------
Revenues $ 10,712 $ 11,254 $ 31,331 $ 42,229
Costs and expenses:
Cost of revenues and
technical support 2,278 2,230 7,345 6,873
Sales and marketing 4,509 5,063 14,558 14,769
Research and development 2,472 3,572 8,117 10,356
General and administrative 1,409 1,524 4,400 4,271
--------- ---------- --------- ---------
Total costs and expenses 10,668 12,389 34,420 36,269
--------- ---------- --------- ---------
Operating income (loss)
from continuing operations 44 (1,135) (3,089) 5,960
Interest and other income,
net 292 406 968 1,327
Income tax benefit
(provision) (100) 219 (401) (2,186)
Minority interest in
(earnings) loss of
subsidiary, net of tax -- -- -- (19)
--------- ---------- --------- ---------
Income (loss) from
continuing operations 236 (510) (2,522) 5,082
--------- ---------- --------- ---------
Discontinued operations:
Loss from operations -- (4,668) -- (12,337)
Income tax benefit
(provision) -- (668) -- 1,806
--------- ---------- --------- ---------
Loss from discontinued
operations -- (5,336) -- (10,531)
--------- ---------- --------- ---------
Net income (loss) $ 236 $ (5,846) $ (2,522) $ (5,449)
========= ========== ========= =========
Diluted earnings (loss) per
share:
Income (loss) from
continuing operations $ 0.01 $ (0.03) $ (0.16) $ 0.29
========= ========== ========= =========
Loss from discontinued
operations $ -- $ (0.34) $ -- $ (0.59)
========= ========== ========= =========
Net income (loss) $ 0.01 $ (0.37) $ (0.16) $ (0.31)
========= ========== ========= =========
Shares used in computing
diluted earnings (loss)
per share 17,175 15,688 15,843 17,811
Supplemental Disclosures:
Revenue included in
discontinued operations $ -- $ 1,326 $ -- $ 3,250
Pervasive Software Inc.
Condensed Consolidated Balance Sheets
(in thousands)
March 31, June 30,
2001 2000
--------------- ----------------
(Unaudited)
ASSETS
Current assets:
Cash and marketable securities $ 25,458 $ 26,144
Accounts receivable, net 5,547 6,350
Prepaid expenses and other current
assets 1,969 4,475
--------------- ----------------
Total current assets 32,974 36,969
Property and equipment, net 5,604 7,244
Purchased technology and excess of
cost over fair value of net assets
acquired, net 870 961
Other assets 2,209 2,074
--------------- ----------------
Total assets $ 41,657 $ 47,248
=============== ================
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued
liabilities $ 7,211 $ 6,833
Deferred revenue 1,645 1,531
Liabilities of discontinued
operations 3,314 6,240
--------------- ----------------
Total current liabilities 12,170 14,604
Stockholders' equity 29,487 32,644
--------------- ----------------
Total liabilities and stockholders'
equity $ 41,657 $ 47,248
=============== ================
--------------------------------------------------------------------------------
Contact:
Pervasive Software Inc., Austin
James R. Offerdahl, 800/287-4383
investor.relations@pervasive.com
or
Marian Kelley, 512/231-6033
investor.relations@pervasive.com
"PVSW Third-Quarter Results" (1-2): #reply-15694092
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