Planet All is a winner LOL:
FOR THE
PERIOD
FROM
JULY 5, 1994
(INCEPTION)
YEARS ENDED DECEMBER 31, TO
----------------------------------------------------- DECEMBER 31,
1997 1996 1995 1994
------------- ------------- ------------- -------------
(IN THOUSANDS, EXCEPT PER SHARE DATA)
SUPPLEMENTAL CONSOLIDATED
STATEMENT OF OPERATIONS DATA:
Net sales ............................. $ 147,787 $ 15,746 $ 511 $ --
Cost of sales ......................... 118,969 12,287 409 --
------------- ------------- ------------- -------------
Gross profit .......................... 28,818 3,459 102 --
Operating expenses:
Marketing and sales ................. 38,964 6,090 200 --
Product development ................. 13,458 2,401 171 38
General and administrative .......... 8,991 1,411 35 14
------------- ------------- ------------- -------------
Total operating expenses ...... 61,413 9,902 406 52
------------- ------------- ------------- -------------
Loss from operations .................. (32,595) (6,443) (304) (52)
Interest income ....................... 1,901 202 1 --
Interest expense ...................... (326) (5) -- --
------------- ------------- ------------- -------------
Net loss .............................. $ (31,020) $ (6,246) $ (303) $ (52)
============= ============= ============= =============
Pro forma basic and
diluted loss per share (1) ............ $ (0.71) $ (0.17) $ (0.01) $ (0.00)
============= ============= ============= =============
Shares used in computation of pro forma
loss per share (1) .................. 43,447 37,090 28,788 26,382
============= ============= ============= =============
DECEMBER 31,
-------------------------------------------------------------------
1997 1996 1995 1994
------------- ------------- ------------- -------------
(IN THOUSANDS)
SUPPLEMENTAL CONSOLIDATED
BALANCE SHEET DATA:
Cash and cash equivalents ............ $ 110,119 $ 6,289 $ 996 $ 52
Working capital (deficiency) ......... 93,158 1,698 920 (16)
Total assets ......................... 149,844 8,434 1,084 76
Long-term debt, net of current portion 76,702 -- -- --
Stockholders' equity ................. 28,591 2,943 977 8
(1) See Note 1 -- "Accounting Policies" of Notes to Supplemental
Consolidated Financial Statements, and Note 9 -- "Subsequent Events
(unaudited)." |
