More good news on LSCP. Revenues for the third quarter rose
49 % to over 10 million and net income increased to $901,000 or
7 cents per share. Here is a summary of earnings:
Three months ended Nine months ended
Sept. 30, Sept. 30,
1997 1996 1997 1996
Net revenues $15,704 $10,561 $46,674 $26,764
Cost of sales 8,104 5,226 24,969 13,366
------- ------- ------- -------
Gross margin 7,600 5,335 21,705 13,398
Operating expenses:
Research and development 893 620 2,258 1,771
Purchased in-process
research & development -- 2,376 -- 2,376
Selling, general and
administrative 5,382 4,285 16,060 10,778
Other non-recurring
charges -- 872 -- 872
------- ------- ------- -------
6,275 8,153 18,318 15,797
Operating income (loss) 1,325 (2,818) 3,387 (2,399)
Interest and other income,
(expense), net -- 7 (24) 29
Income (loss) before income
taxes & minority interest 1,325 (2,811) 3,363 (2,370)
Provision for income taxes 310 -- 637 53
------- ------- ------- -------
Income (loss) before
minority interest 1,015 (2,811) 2,726 (2,423)
Minority interest 114 -- 188 --
Net income (loss) $ 901 $(2,811) $ 2,538 $(2,423)
======= ======= ======= =======
Net income (loss) per
share $ 0.07 $ (0.32) $ 0.20 $ (0.32)
Shares used in per share
calculations 12,986 8,731 13,007 7,629 |
