SAN JOSE, Calif., Feb. 3 (Reuters) -
SDL, INC.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(In thousands, except per share data -- unaudited)
Three months ended Years ended
December 31, December 31,
1997(A) 1996 1997(A)(B) 1996
Total revenue $24,827 $21,078 $91,364 $82,475
Cost of revenue 16,478 13,952 65,154 54,956
Gross margin 8,349 7,126 26,210 27,519
Operating expenses:
Research and development
2,145 2,076 9,794 6,681
Selling, general
and administrative 3,735 3,281 40,609 11,521
Amortization of
purchased intangibles 184 161 671 645
In-process research
and development 753 -- 753 --
Total operating expenses
6,817 5,518 51,827 18,847
Operating income (loss)
1,532 1,608 (25,617) 8,672
Interest (income), net
(352) (662) (1,355) (1,501)
Income (loss) before
income taxes 1,884 2,270 (24,262) 10,173
Provision for
income taxes 50 680 417 3,052
Net income (loss) 1,834 1,590 (24,679) 7,121
Net income (loss)
per share - basic 0.13 0.12 (1.83) 0.59
Net income (loss)
per share - diluted 0.13 0.11 (1.83) 0.54
Number of weighted
average shares - basic
13,642 13,166 13,497 12,012
Number of weighted
average shares
- diluted 14,444 14,196 13,497 13,199
(A) Includes a $753 one-time write-off of in-process R&D in
connection with the acquisition of Mr. Laser, Inc. in November,
1997.
(B) Includes one-time charges totaling $30,911 related
primarily to settlement of a lawsuit in June, 1997. |
