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Technology Stocks : LTX Corp. (LTXX)

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To: Susie924 who wrote (1409)12/19/1998 11:11:00 PM
From: Daniel  Read Replies (1) of 2126
 
sec.yahoo.com, part 1:

December 15, 1998

LTX CORP (LTXX)
Quarterly Report (SEC form 10-Q)

MANAGEMENT'S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following table sets forth for the periods indicated the principal
items included in the Consolidated Statement of Operations as
percentages of net sales.

Percentage of Net Sales Percentage
------------------------ Increase/(Decrease)
Three Months -------------------
Ended Three Months
October 31, 1998
------------------------ Over
1998 1997 1997
---------- ----------- --------
Net sales 100.0 % 100.0 % (50.2)%

Cost of sales 73.5 64.9 (43.6)
---------- ----------- --------

Gross margin 26.5 35.1 (62.3)

Engineering and product

development expenses 22.2 12.4 (10.7)

Selling, general and

administrative expenses 29.1 20.1 (27.9)
---------- ----------- --------

Income (loss) from operations (24.8) 2.6 N/M

Interest (income) expense, net 0.7 (0.1) N/M
---------- ----------- --------
Income (loss) before income
taxes (25.5) 2.7 N/M

Provision for income taxes 0.7 -
---------- ----------- --------
Net income (loss) (25.5)% 2.0 % N/M %
========== =========== =========

N/M - Not Meaningful

...
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