I sincerely hope that Insignia makes something from JENE. I wouldn't
mind getting something back for those $2.50-and-higher shares I'm
holding...
Their results are out for the quarter:
Thursday October 22, 4:41 pm Eastern Time
Insignia Solutions Q3 results
FREMONT, Calif., Oct. 22 (Reuters) -
INSIGNIA SOLUTIONS PLC
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(amountsin thousands, except per share amounts)
(unaudited)
Three months ended Nine months ended
September 30, September 30,
1998 1997 1998 1997
Revenues:
License revenue $3,325 $12,816 $10,123 $30,648
Service revenue 295 561 813 1,609
Total revenues 3,620 13,377 10,936 32,257
Cost of revenues:
Cost of license revenue
2,154 4,524 6,308 12,094
Cost of service revenue 170 530 859 1,616
Total cost of revenues
2,324 5,054 7,167 13,710
Gross profit 1,296 8,323 3,769 18,547
Operating Expenses:
Sales and marketing 1,743 4,120 6,344 13,027
Research and development
1,407 2,317 4,593 7,202
General and administrative
794 2,620 3,229 5,535
Restructuring -- -- -- 857
Total operating expenses
3,944 9,057 14,166 26,621
Operating loss (2,648) (734) (10,397) (8,074)
Interest income, net 263 155 772 536
Other income (expense),
net 6 (45) 14,837 (145)
Income (loss) before
income taxes (2,379) (624) 5,212 (7,683)
Income tax provision
(benefit) (1,712) 17 1,924 183
Net income (loss) (667) (641) 3,288 (7,866)
Earnings (loss) per share
Basic (0.05) (0.05) 0.27 (0.68)
Diluted (0.05) (0.05) 0.27 (0.68)
Shares and share
equivalents used in
pershare calculations:
Basic 12,164 11,695 12,118 11,614
Diluted 12,164 11,695 12,352 11,614
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