RAMTRON INTERNATIONAL CORPORATION
FOURTH-QUARTER AND YEAR-END 1998 FINANCIAL HIGHLIGHTS
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands, except per-share amounts)
Three Months Ended Twelve Months Ended
Dec. 31, Dec. 31, Dec. 31, Dec. 31,
1998 1997 1998 1997
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Revenue:
Product sales $ 2,468 $ 3,455 $ 17,610 $ 14,613
License and
development fees -- 2,000 -- 5,750
Customer-sponsored
research and
development 73 16 944 132
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2,541 5,471 18,554 20,495
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Costs and expenses:
Cost of product sales 1,552 2,309 10,452 10,750
Research and
development 2,581 3,079 11,724 10,841
Sales, general
and administrative 2,280 1,798 8,200 8,032
Manufacturing
contract loss 1,163 -- 1,163 --
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7,576 7,186 31,539 29,623
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Operating loss (5,035) (1,715) (12,985) (9,128)
Equity adjustments (1,151) -- (5,934) --
Other (282) (116) (222) 271
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Net loss $ (6,468) $ (1,831) $(19,141) $ (8,857)
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Net loss per share -
basic and diluted $ (0.11) $ (0.05) $ (0.45) $ (0.24)
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Weighted average
shares outstanding 56,868 37,136 42,859 37,061
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CONSOLIDATED BALANCE SHEETS
(Amounts in thousands)
Dec. 31, Dec. 31,
1998 1997
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ASSETS
Cash and cash equivalents $15,237 $ 6,193
Accounts receivable, net 726 4,762
Inventories 5,304 7,147
Property, plant
and equipment, net 7,158 8,024
Intangible assets, net 4,658 4,693
Other assets 264 235
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$33,347 $31,054
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities 16,285 13,518
Stockholders' equity 17,062 17,536
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$33,347 $31,054
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Contact:
Ramtron International Corporation
Lee A. Brown, 719/481-7213 |
