FIBERCORE, INC.
SELECTED CONSOLIDATED FINANCIAL DATA
(Dollars in thousands except share data)
Three Months Ended Year Ended
December 31, December 31,
2001 2000 2001 2000
(unaudited) (unaudited) (audited) (audited)
Net sales $9,247 $13,865 $52,362 $36,919
Cost of sales 9,879 8,345 36,084 25,118
Gross profit (loss) (632) 5,520 16,278 11,801
Operating expenses:
Selling, general and
administrative expenses 2,480 1,733 8,692 5,071
Research and development 665 796 2,189 1,459
Income (loss) from
operations (3,777) 2,991 5,397 5,271
Interest expense, net (419) 492 (2,028) (5,832)
Other income (expense)
- net 1,944 146 484 226
Income (loss) before
income taxes and
minority interest (2,252) 3,629 3,853 (335)
Provision for income
taxes (903) (1,152) (3,006) (2,054)
Earnings (loss) before
minority interest (3,155) 2,477 847 (2,389)
Minority interest in
(income) loss of
subsidiaries (152) (181) (367) (308)
Net earnings (loss) $(3,307) $2,296 $480 $(2,697)
Basic earnings (loss)
per share of common
stock $(0.05) $0.04 $0.01 $(0.05)
Diluted earnings (loss)
per share of common
stock $(0.05) $0.04 $0.01 $(0.05)
Weighted average
shares outstanding:
Basic 59,071,451 54,864,838 58,074,724 49,043,882
Diluted 59,071,451 65,427,233 63,885,536 49,043,882
SELECTED BALANCE SHEET DATA: December 31, December 31,
2001 2000
(audited) (audited)
Working capital (Deficiency) $(1,319) $2,047
Total assets 92,983 67,453
Long-term obligations 22,475 9,849
Total liabilities 49,491 28,551
Minority interest 5,117 4,750
Accumulated deficit (19,413) (19,893)
Stockholders' equity 38,375 34,152
SOURCE: FiberCore, Inc. |
