(REUTERS) TABLE - MRV Communications <MRVC.O> Q3 results
TABLE - MRV Communications <MRVC.O> Q3 results
CHATSWORTH, Calif., Oct. 29 (Reuters) -
(In thousands, except per share data)
(Unaudited)
Three months ended Nine months ended
Sep 30, Sep 30, Sep 30, Sep 30,
1998 1997 1998 1997
Revenues, net $ 62,624 $ 41,979 $ 189,192 $ 117,071
Costs and expenses:
Cost of goods sold 38,344 23,805 109,098 66,866
Research and
development expenses
6,812 3,305 17,337 9,094
Selling, general and
administrative
expenses 15,642 6,738 39,223 18,745
Purchased technology
in progress -- -- 30,571 --
Restructuring costs -- -- 23,194 --
Operating (loss)
income 1,826 8,131 (30,231) 22,366
Interest expense
related to
convertible 1,370 -- 1,370 427
Other income (expense),
net 1,908 341 3,282 460
Provision for income
taxes 679 2,535 1,042 6,840
Minority interests 130 15 370 85
Net income (loss) 1,555 5,922 (29,731) 15,474
Net income (loss) per
share -- basic 6 cts 25 cts (1.12) 68 cts
Net income (loss) per
share -- diluted 6 cts 23 cts (1.12) 61 cts
Shares used in per
share calculation --
basic 26,609 23,321 26,497 22,779
Shares used in per
share calculation --
diluted 27,390 26,119 26,497 25,576
Selected Pro Forma Information (prior to nonrecurring
charges)
Operating income 1,826 8,131 23,534 22,366
Net income 1,555 5,922 17,768 15,474
Net income per
share -- basic 6 cts 25 cts 67 cts 68 cts
Net income per
share -- diluted 6 cts 23 cts 64 cts 61 cts
Shares used in per
share calculation --
basic 26,609 23,321 26,497 22,779
Shares used in per
share calculation --
diluted 27,390 26,119 27,771 25,576
REUTERS
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