Here are the Q1 numbers from their previous SEC filing. The revenue
for Q1 was about the same as for Q2 which doesn't show that much
improvement for shareholders to get excited about really.
<<<---------------------------------snip------------------->>>>>>>>
ITEM 1. FINANCIAL STATEMENTS
NOISE CANCELLATION TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Note 1)
(Unaudited)
(in thousands except
per share amounts)
Three months ended March 31,
--------------------------------
1997 1998
--------------- ----------------
REVENUES:
Technology licensing fees and royalties $ 3,000 $ 310
Product sales, net 234 402
Engineering and development services 81 22
---------- -----------
Total revenues $ 3,315 $ 734
---------- -----------
COSTS AND EXPENSES:
Costs of sales $ 199 $ 303
Costs of engineering and development
services 91 22
Selling, general and administrative 834 2,677
Research and development 1,592 1,464
Interest (income) expense - (121)
---------- -----------
Total costs and expenses $ 2,716 $ 4,345
---------- -----------
NET INCOME/(LOSS) $ 599 $ (3,611)
Preferred stock dividend requirement - 1,690
Accretion of difference between carrying
amount and redemption amount of
redeemable preferred stock - 385
---------- -----------
NET INCOME/(LOSS) ATTRIBUTABLE TO
COMMON STOCKHOLDERS $ 599 $ (5,686)
========== ===========
Basic income per share $ 0.01 $ (0.04)
========== ===========
Diluted income per share $ 0.01 $ (0.04)
========== ===========
<<<<<<------------------------------snip------------------>>>>>>>>>> |
