To all,
SIGM just reported the quarter loss of .40/share, including some charges. Why it had the run-up recently and what is the effect for stock price tomorrow?
Reuters, Thursday, August 21, 1997 at 16:39
FREMONT, Calif., Aug. 21 (Reuter) -
Sigma Designs, Inc.
Quarter ended July 31, 1997(1) 1996
Net revenues $ 8,593,000 $10,078,000
Net income (loss) available to
common stockholders (4,406,000) 349,000
Average shares 11,135,000 11,377,000
Share earnings:
Net income (loss) (.40) .03
Six months ended July 31, 1997(1) 1996
Net revenues $17,100,000 $18,814,000
Net income (loss) available to
common stockholders (5,004,000) 245,000
Average shares 11,118,000 11,059,000
Share earnings:
Net income (loss) (.45) .02
Note(1): 1997 results include a one-time charge for
writing down inventory ($1,703,000) and associated receivables
($1,937,000).
SIGMA DESIGNS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data. Unaudited)
Three months ended Six months ended
July 31, July 31,
1997 1996 1997 1996
Net revenues $8,593 $10,078 $17,100 $18,814
Cost of goods sold 8,598 6,484 14,529 12,253
Gross profit (5) 3,594 2,571 6,561
Other costs and expenses:
Research & development 1,231 1,055 2,395 2,270
Sales and marketing 1,147 1,442 2,441 2,716
General & administrative 2,743 789 3,464 1,415
Total costs 5,121 3,286 8,300 6,401
Operating income (loss)
(5,126) 308 (5,729) 160
Interest and other income 800 41 805 85
Net income (loss) (4,326) 349 (4,924) 245
Dividend on preferred stock
(80) -- (80) --
Net income (loss) available
to common stockholders (4,406) 349 (5,004) 245
Net income(loss)per share
( 0.40) 0.03 (0.45) 0.02
Shares used in
per share calculation 11,135 11,377 11,118 11,059
Copyright 1997, Reuters News Service |
