Three Months Ended
3/31, 1998 3/31, 1997
Revenues
Licenses and other $41,043 $38,223 <--
Services 5,443 5,197 <--
Total revenues 46,486 43,420
Cost of revenues 6,384 7,681 <--
Gross profit 40,102 35,739
Operating expenses
Research and development 11,171 16,123 <--
Selling, G&A 27,302 41,448 <--
Total continuing expenses 38,473 57,571 <--
Provision for restructuring
and acquisition charges 19,282 5,976
Other non-recurring charges -- 17,100
Total restructuring, acquisition
and non-recurring charges 19,282 23,076
Total operating expenses 57,755 80,647
Operating loss (17,653) (44,908)
Interest income, net and other 598 739
Loss before taxes (17,055) (44,169)
Provision (benefit) for taxes (3,612) 367
Net loss $(13,443) $(44,536)
Loss per share (A) $ (0.27) $ (0.92)
Shares used in the calculation
of loss per share 50,863 48,275
Although not completely out of the woods yet. Two things look positive:
1. Increased Revenue
2. Improved cash (from 70+ to 90+ million)
Another encouraging sign is that the cost of doing business
is now lower as compared to a year ago.
I think the stage is now set for a good quarter to follow.
Bipin |
