Sorry, it's difficult to read so I'm posting the numbers again using the fixed font.
SIX MONTH REVENUES ARE OF PARTICULAR NOTE: THEY HAVE MORE THAN TRIPLED. THE CURRENT QUARTER IS BOUND TO LOOK EVEN BETTER.
GEEK
Open Text Corporation
Consolidated Statement of Operations
(Unaudited)
(in thousands of United States dollars)
Three months ended Six months ended
December 31, December 31,
1996 1995 1996 1995
Revenues
License $3,064 $1,548 $5,212 $1,780
Service 2,152 731 4,046 1,124
Total revenues 5,216 2,279 9,258 2,904
Cost of revenues
License 145 164 347 175
Service 1,605 421 3,048 571
Total cost of revenues 1,750 585 3,395 746
Gross profit 3,466 1,694 5,863 2,158
Operating expenses:
Research and development 1,566 401 3,050 778
Sales and marketing 4,212 1,852 6,933 2,913
General and administrative 1,468 1,074 2,716 1,476
Depreciation and amortization,
including acquired research
and development costs 435 21,746 841 23,077
Restructuring reserve - - 650 -
Total operating expenses 7,681 25,073 14,190 28,244
Loss from operations (4,215) (23,379) (8,327) (26,086)
Other income 406 73 964 133
Loss for the period ($3,809) ($23,306) ($7,363) ($25,953)
Loss per share ($0.23) ($2.30) ($0.44) ($3.09)
Weighted average number of
Common Shares
outstanding 16,769 10,148 16,560 8,397
Open Text Corporation
Consolidated Balance Sheet
(Unaudited)
(in thousands of United States dollars)
December 31, June 30,
1996 1996
Assets
Current assets:
Cash $4,729 $2,813
Short term investments 30,022 48,326
Accounts receivable - trade 6,985 5,416
Other current assets 1,784 2,203
Total current assets 43,520 58,758
Furniture and equipment 4,375 3,536
Other investments 3,408 2,227
Other assets 5,685 1,637
$56,988 $66,158
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable - trade and other
liabilities $ 7,211 $ 6,900
Provision for restructuring 883 2,339
Current portion of obligations under
capital lease 425 627
Total current liabilities 8,519 9,866
Obligations under capital leases 540 742
Shareholders' equity:
Share capital 93,578 93,563
Other shareholders' equity (45,649) (38,013)
Total shareholders' equity 47,929 55,550 |
