Optimal Robotics Corp. Statement of Operations
(stated in United States dollars, unless otherwise noted)
Year ended December 31,
1996 1997 1998
(dollars in thousands, except per share data)
Income Statement Data:
(Canadian GAAP)
Revenues
Systems $588 $1,671 $5,155
Hardware ___ 1,473 ___
Development and customization 303 219 202
Hardware and software
maintenance ___ 23 143
Other 3 11 118
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894 3,397 5,618
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Cost of Sales
Systems 491 1,191 4,779
Hardware ___ 1,447 ___
Development and customization 346 71 84
Hardware and software maintenance ___ ___ 180
Others ___ ___ 92
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837 2,709 5,135
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Gross Margin 57 688 483
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Research and development,
net of tax credits 506 294 210
Selling, general, administrative
and other expenses 1,047 2,780 5,265
Other income (429) (1,005) (1,081)
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Net loss for the year $(1,067) $(1,381) $(3,911)
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Weighted average number of
common shares outstanding 4,918,065 7,409,522 7,463,984
Per common share
Net loss $(0.22) $(0.19) $(0.52)
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Optimal Robotics Corp.
Balance Sheet
(stated in United States dollars, unless otherwise noted)
December 31,
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1997 1998
_______________________________________________________________
(dollars in thousands)
Assets
Current assets
Cash $270 $___
U.S. Treasury bill,
at cost ___ 538
Short-term investments 10,084 5,525
Accounts receivable, net
of allowance for doubtful
accounts of nil 839 1,220
Inventory 24 1,401
Tax credits receivable 100 114
Prepaid expenses 19 3
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11,336 8,801
Loans receivable 175 162
Capital assets 337 366
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$11,848 $9,329
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Liabilities
Current liabilities
Accounts payable and accrued
liabilities $330 $1,233
Deferred revenue ___ 125
Current portion of contract
advance 223 125
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553 1,483
Contract advance 223 250
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776 1,733
Shareholders' Equity
Share capital 16,411 16,850
Other capital 27 23
Deficit (5,366) (9,277)
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11,072 7,596
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$11,848 $9,329
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