Quarter ended 09/30/97 Nine Months ended 09/30/97
Revenue: Encad RGFX Encad RGFX
Product sales $38,382 $14,330 $107,221 $41,031
Royalty/contract revenue 127 524
Total revenue 38,509 107,745
Cost of goods sold 20,409 8,473 56,574 23,874
Gross profit 18,100 5,857 51,171 17,157
Operating expenses:
Marketing and selling 6,875 2,543 18,088 7,157
Research and development 2,488 1,524 8,052 4,269
General and admin 1,928 885 6,180 2,380
Total operating expenses 11,291 4,952 32,320 13,945
Income from operations 6,809 905 18,851 3,212
Interest income/ (expense) (39) 93 103 358
Income before income taxes 6,770 998 18,954 3,570
Provision for income taxes 2,329 109 6,594 392
Net income 4,441 889 12,360 3,178
Earnings per share: .37 .09 1.03 .31
Weighted average common
and common equivalent
shares (in thousands) 12,048 10,132 12,042 10,115 |
