They must be including FRAM license fees, product
development fees, and royalties in that "business"
number, so you have to subtract those out to get product
sales.
Here's the breakdown on revenues:
Product Sales:
ESRAM 200
EDRAM 3800
FRAM 5900
License Fees 1400
Royalty Fees 50
Sponsored R&D 1098 (this number was given as "year ago
+ .4MM")
Which comes to 12,448,000, just shy of their $12.6MM total
revenues, which is close enough, since the numbers given
are rounded off.
Also, in the CC, they said specifically that FRAM sales
were $5.9MM.
Also just found in my notes that they did say Ampy/Enel
FRAM sales were 74% of total FRAM sales, so their Ampy ASP
is about $1.75
My attempt at seeing how they will get to breakeven next
quarter, while incorporating their projections for gross
margin and EDRAM sales (Note, I can't quite get there using
the midrange GM of 30.5%, but they might have different
assumptions for some of the non-operating numbers—I have to
just use this quarter's numbers in those spots. Just more
tail-chasing, anyway) (Don't try this at home without a
spreadsheet):
9/30/2002
ESRAM 200
EDRAM Sales 3,800
FRAM Sales 7,200
Product Sales 11,200
License Fees 1,400
Royalties 200
Sponsored R & D 1,200
Total Revenue 14,000
EMS Cost 100
EDRAM Cost 3,287
FRAM Cost 3,816
Product COGS 7,203
Product GM 35.7%
Cost of Spons. R&D 1,200
COGS incl.
Spons. R&D 8,403
Overall GM 32.2%
Research/Development
Sell./Gen./Admin.
Total Expenses 6,000
Operating Income (403)
Interest Expense (2)
Other, Net 442
Income Before Taxes 37
Income Taxes
Income After Taxes 37
Preferred Dividends (35)
Accretion of Prefer. (6)
Net Income (4)
Shares Outstanding 22,081
Earnings per share (0.000)
Edit: these numbers lined up perfectly in the preview
window. You need to get Office for Mac.
Re-edit: Sorry, thought I was responding to Owl who doesn't
have Excel. I'll post my spreadsheet after I clean it up a
bit. |
