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SAN JOSE, Calif., Jan. 30 (Reuter) -
SDL, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
Three Months Ended Year Ended
December 31, December 31,
1996 1995(a) 1996 1995(a)
(unaudited)
Total revenues $21,078 $16,784 $82,475 $53,894
Cost of revenues 13,952 10,635 54,956 33,390
Gross margin 7,126 6,149 27,519 20,504
Operating expenses:
Research and development 2,076 1,325 6,681 3,994
Selling, general and
administrative 3,281 2,222 11,521 7,649
Amortization of purchased
intangibles 161 10,010 645 10,010
Total operating expenses 5,518 13,557 18,847 21,653
Operating income (loss) 1,608 (7,408) 8,672 (1,149)
Interest (income), net (662) (211) (1,501) (118)
Income (loss) before
income taxes 2,270 (7,197) 10,173 (1,031)
Provision (benefit) for
income taxes 680 (493) 3,052 1,788
Net income (loss) 1,590 (6,704) 7,121 (2,819)
Net income (loss) per share (b)
0.11 (0.63) 0.54 (0.31)
Shares used in computing
net income (loss)
per share (b) 14,196 10,560 13,199 9,228
(a) Includes one month results of SDL Optics purchased in
November 1995.
(b) 1995 numbers have been retroactively adjusted to
reflect the June 1996 three-for-two common stock dividend. |
