Hi All,
Just got this from quote.com.
Brent
TABLE - Quarterdeck (NASDAQ:QDEK) Q3 results
Reuters, Thursday, July 24, 1997 at 17:16
MARINA DEL REY, Calif., July 24 (Reuter) -
QUARTERDECK CORPORATION
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(Amounts in thousands, except per share data)
(Unaudited)
Three months ended Nine months ended
June 30, June 30,
1997 1996 1997 1996
Gross revenues $24,796 $27,945 $79,402 $132,922
Provision for returns
3,740 8,338 10,864 19,563
Net revenues 21,056 19,607 68,538 113,359
Cost of revenues 5,153 12,519 17,505 38,331
Gross margin 15,903 7,088 51,033 75,028
Operating expenses:
Research and development
3,760 5,410 11,480 15,951
Sales and marketing
7,169 18,993 23,015 52,496
General and
administrative 3,689 10,200 13,403 23,302
Acquisition,
restructuring and other
one-time charges -- 1,660 -- 9,131
Total operating expenses
14,618 36,263 47,898 100,880
Operating income 1,285 (29,175) 3,135 (25,852)
Interest income (expense),
net (498) (130) (1,491) 278
Other income (expense) 266 1,435 (1,400) 1,485
Income/(loss) before
income taxes 1,053 (27,870) 244 (24,089)
Provision for income taxes
-- (4,553) 3 (3,938)
Net Income/(loss) 1,053 (23,317) 241 (20,151)
Net income/(loss) per
share 0.02 (0.67) 0.01 (0.58)
Shares used for per share
calculations (a) 47,130 35,047 47,644 34,921
(a) 50,000 shares of Series B Preferred Stock were
converted into 1,910,000 shares of common stock during the
quarter ended June 30, 1997. In addition to the weighted
average shares outstanding, the shares of common stock used for
the 1997 per share calculations primarily include the dilutive
effect of (i) 150,000 outstanding shares of Series B Preferred
Stock which is convertible into 5,513,000 shares of common
stock and, (ii) 1,422,000 shares of common stock issuable in
August 1997 in conjunction with the acquisition of Limbex
Corporation in August 1996.
Copyright 1997, Reuters News Service |
