Yahoo! Inc.
Revised Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)
Three Months Ended Six Months Ended
June 30, June 30,
1997 1996 1997 1996
Net revenues $13,520 $3,274 $23,035 $5,007
Cost of revenues 2,049 520 3,276 687
Gross profit 11,471 2,754 19,759 4,320
Operating expenses:
Sales and marketing
8,673 3,290 15,257 4,150
Product development
2,103 1,037 4,005 1,367
General and administrative
1,459 762 2,619 1,249
Other -- nonrecurring costs
21,245 -- 21,245 --
Total operating expenses
33,480 5,089 43,126 6,766
Loss from operations
(22,009) (2,335) (23,367) (2,446)
Investment income, net
1,260 969 2,649 1,161
Minority interests in losses
from operations
of consolidated subsidiaries
182 -- 384 --
Loss before income taxes
(20,567) (1,366) (20,334) (1,285)
Benefit for income taxes
(23) -- -- --
Net loss ($20,544) ($1,366) ($20,334) ($1,285)
Net loss per share ($0.74) ($0.05) ($0.74) ($0.06)
Weighted average common shares
27,792 26,456 27,493 22,887 |
