OPTi Inc.
Summary Financial Data
Second Quarter - 2001
(Amounts in thousands, except per share data)
CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)
Quarter Ended Six Months Ended
6/30/01 6/30/00 6/30/01 6/30/00
Net sales $ 1,655 $ 3,324 $ 3,772 $18,678
Cost of sales 956 2,303 2,130 3,696
Gross profit 699 1,021 1,642 14,982
Research and development expenses 285 112 386 431
Selling, gen. and admin. expenses 801 3,914 1,637 5,224
Operating income (loss) (387) (3,005) (381) 9,327
Other income 436 519 884 1,023
Income (loss) before taxes 49 (2,486) 503 10,350
Provision for taxes 2 1 12 261
Net income (loss) $ 47 $(2,487) $ 491 $10,089
Basic net income
(loss) per share $ 0.00 $ (0.21) $ 0.04 $ 0.87
Diluted net income
(loss) per share $ 0.00 $ (0.21) $ 0.04 $ 0.87
Shares used in computing
basic per share amounts 11,634 11,646 11,641 11,637
Shares used in computing
diluted per share amounts 11,634 11,646 11,644 11,653
CONSOLIDATED BALANCE SHEETS
6/30/01 12/31/00
(unaudited) (see Note 1)
Assets
Cash and cash equivalents $ 11,989 $ 12,146
Short term investments 36,239 45,980
Accounts receivable, net 307 1,131
Inventories 386 1,140
Other current assets 286 359
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49,207 60,756
Property and equipment, net 170 157
Other assets 328 359
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$ 49,705 $ 61,272
Liabilities and equity
Accounts payable $ 310 $ 1,365
Other current liabilities 734 2,441
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1,044 3,806
Shareholders' equity 48,661 57,466
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$ 49,705 $ 61,272 |
