Help me out here, the following report states 1998 Weighted average number of shares outstanding - Diluted was 4,938 thousand. If so, does the .04 per share compute?
Command Systems, Inc.
Consolidated Condensed Statement of Income
(In thousands, except per share data)
(unaudited)
Three Months Ended March 31,
1998 1997
Net Revenue $7,934 $5,144
Cost of Revenue 5,110 3,846
Gross Profit 2,824 1,298
Selling, general and administrative expense 2,157 1,474
Amortization of goodwill 114 --
Earnings/(Loss) from operations 553 (176)
Other:
Interest (income)/expense, net (6) 38
Earnings/(Loss) before provision for income taxes559 (214)
Provision for income taxes 104 --
Minority Interest -- 57
Net Income/(Loss) $455 $(271)
Earnings/(Loss) per share - Basic (A) $0.04 $(0.06)
Earnings/(Loss) per share - Diluted (A) $0.04 $(0.06)
Weighted average number of
shares outstanding - Basic 4,877 4,275
Weighted average number of
shares outstanding - Diluted 4,938 4,275
(A) In 1998 after deducting preferred stock dividends of $260,000.
Condensed Consolidated Balance Sheet
(In thousands)
(unaudited)
Mar. 31, Dec. 31,
1998 1997
Current assets
Cash $ 21,401 $392
Accounts receivable, net 4,937 4,203
Other current assets 301 407
Total current assets 26,639 5,002
Property and equipment, net 2,136 2,034
Other assets 7,276 7,389
Total assets $ 36,051 $ 14,425
Liabilities $3,114 $4,924
Stockholders' equity 32,937 9,501
Total liabilities and stockholders' equity $ 36,051 $ 14,425
SOURCE: Command Systems, Inc.
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